COINBASE
OVERVIEW
Coinbase, established in 2012, was founded with the aim of making cryptocurrencies accessible to the general public. It serves as a platform where users can buy, sell, transfer, and store digital currency easily and securely. Primarily, it is designed for individuals interested in investing in cryptocurrencies or using them as a form of payment. The intuitive user interface and variety of educational resources make Coinbase particularly appealing to new crypto traders and experienced investors alike, helping them to navigate the complex world of cryptocurrencies and achieve their financial goals. The cost of using Coinbase varies based on the transaction type and method of payment. For example, Coinbase charges a fee for buying and selling cryptocurrency which is the greater of a flat fee or a percentage of the transaction (about 0.50% spread for cryptocurrency sales and purchases). Additional fees are also incurred when using debit cards or PayPal, and these fees can be higher than bank transfers. Such a structure ensures transparency in transactions, although it's advisable for users to review the fee schedule on the Coinbase website to understand specific costs for their transactions.
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