As we all know from several studies, Coinbase is dominant in America. But have you ever wondered what makes it the dominant cryptocurrency exchange there? Below you will know the reasons that stand behind the success.
Usability is critical for cryptocurrency exchanges. Cryptocurrency is already a complex topic, especially for newcomers. If new users feel they need an instruction manual to buy cryptocurrency, many will give up or switch to another exchange.
Coinbase is one of the most simple exchanges to use. It has a simple design, and you can quickly learn how to buy, sell, send, and receive cryptocurrency. The Coinbase website also contains a lot of educational content.
Security is another requirement for crypto exchanges. Users want to know that their assets are secure.
Coinbase has a proven track record in this area. It has never hacked or experienced a significant cryptocurrency theft. It keeps at least 98% of its customers’ assets in cold storage, which means they are kept on offline devices. It has an insurance policy for online assets, and cash balances are insured by the FDIC up to $250,000 per customer.
Coinbase has one of the most diverse selections of cryptocurrencies available in the United States, with over 40 cryptocurrencies available for purchase. It regularly adds new coins, such as how Coinbase now supports Dogecoin trading. If you want to experiment with altcoins (cryptocurrencies other than Bitcoin), Coinbase has a large selection.
Because many crypto investors want to be able to trade on the go, an excellent mobile app is essential. Coinbase has a mobile app for both Apple and Android devices. The Coinbase mobile app, like the website, is simple to use. It allows you to check your balances and buy, sell, and transfer cryptocurrency from anywhere.
One of the few criticisms leveled at Coinbase is that its fees are difficult to comprehend. There is a flat transaction fee and a variable fee, and you pay the higher of the two.
Despite the somewhat perplexing fee structure, Coinbase’s fees are comparable to those charged by other top cryptocurrency exchanges. It may not have the lowest rates available, but you can buy cryptocurrency on Coinbase with confidence that you are not being taken advantage of.
Have confusion In dealing with Coinbase? – Call at Crypto Help Desk’s Coinbase Support Phone Number, +1804-480-8747 Now! Their Coinbase Support Phone Number is given to you so that you never become scared to deal in cryptocurrency by getting in touch with their Coinbase support chat agent. Their Coinbase support chat representative is always ready to assist you 24*7. You can use Coinbase contact to get rid of all the confusion. Coinbase contact makes your entire process smoother.
You can also connect with Crypto Help Desk via their Bittrex Customer Support Phone Number. Crypto Help Desk’s Bittrex Customer Support is simply excellent in terms of offering crypto customers support and answering all your queries.