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If you’ve heard of any cryptocurrency exchange, it’s probably Coinbase. Bitcoin early adopters have been buying and trading coins on Coinbase since 2012, but the platform gained mainstream attention in 2021 when it became the first crypto exchange to go public on the Nasdaq.
Today, more than 56 million users are trading over $300 billion worth of cryptocurrency on Coinbase each quarter. It has the third-highest trade volume of all exchanges, according to crypto data firm CoinMarketCap.
Here’s what you need to know about buying, selling, and holding cryptocurrency on Coinbase:
Pros and Cons of Coinbase
Coinbase At a Glance
- Over 50 cryptocurrencies supported
- Trading fees include spread and Coinbase Fee
- Free wallet service with private key access, or you can keep your crypto on your Coinbase account
- $2 minimum to buy or sell
- Insurance policy against loss from theft, and stores a majority of digital assets offline
- Account accessible through online browser or mobile app
- Education hub and crypto rewards for learning
- Coinbase Pro upgrade option