What is a Coinbase account used for?

A Coinbase account is employed for purchasing, selling, storing, and managing various forms of cryptocurrencies. As one of the leading platforms for cryptocurrency exchange, it facilitates user access to a digital marketplace where they can trade popular cryptocurrencies such as Bitcoin, Ethereum, and many others. A Coinbase account also offers additional features like secure storage with insurance coverage, the ability to track market prices, set up recurring investments, and use their own dedicated wallet service. For those looking to use fiat currencies to transact in the crypto space, a Coinbase account can be linked to traditional financial accounts, making the transfer of funds between these worlds seamless and transparent.