How does Coinbase work?

Coinbase operates as a platform for buying, selling, trading, and storing digital currency. It simplifies the process of participating in the cryptocurrency market by providing an intuitive interface where users can create an account, link their bank account or credit card, and start purchasing cryptocurrencies like Bitcoin, Ethereum, and many others. The service acts as a broker selling cryptocurrencies at a price that typically includes a fee for its services. Users can also use Coinbase to monitor market trends, set up recurring buys, and securely store their digital assets using Coinbase's wallets, which employ strong security measures to protect user funds against unauthorized access. The exchange also provides additional services such as Coinbase Pro for advanced traders with more trading features and lower fees.