Coinbase is the easiest online cryptocurrency trading platform that allows merchants, consumers, and traders to transact with digital currency.
With more than 56 million verified users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries, Coinbase has become one of the most established cryptocurrency exchanges in the world.
Founded in 2012, by Brian Armstrong and Fred Ehrsam, over the years, Coinbase has been ranked among the top crypto exchanges in the world by traffic, liquidity, and trading volumes. Armstrong is in charge of the company’s retail and institutional arms and responsible for driving forward the products and services developed by both trading platforms.
Apart from cryptocurrency trading, Coinbase also provides a wide range of investment options for businesses and institutions, including crypto storage, commerce services, and more.
Coinbase is a safe and secured platform and takes a comprehensive approach to protect your investments. It keeps 98% of all customer funds offline in geographically distributed safe deposit boxes and vaults around the world.
Yes, Coinbase does enforce some limits on withdrawals of both cryptocurrency and fiat currency are limited. All Coinbase Pro account users have a daily withdrawal limit of $50,000. Kindly note that this amount is applicable to all currencies (for ex: you can withdraw up to $50,000 worth of ETH per day).
Yes, Coinbase charges a spread of about 0.50% for buying and selling cryptocurrency. However, the actual spread fee may vary due to market fluctuations in the price of cryptocurrency on Coinbase Pro between the time the platform quotes a price and the time of the order execution. Additionally, Coinbase also charges a Coinbase Fee (addition to the spread), which is the higher of (i) a flat fee or (ii) a variable percentage fee that is determined by payment type, product feature, and region.