What is Coinbase UK?
The cryptocurrency industry is relatively young but it has already received trusted leaders in this sphere. If you ask any crypto investor where he buys, sells, or swaps coins, the answer will be an exchange.
Naturally, not every crypto exchange deserves the title of a leader but coinbase has already proved its top position. It has become the most widely visited place to trade coins in the UK and is trusted by over 68 million users!
Having grown from a tiny American exchange established in 2012 into a worldwide renowned platform Coinbase has achieved one of the highest capitalizations of $52 billion. At the same time, if you look at the Coinbase rating on Trustpilot, you may be surprised to see such a low figure! Why is it so? Can you trust Coinbase like millions of others or it is better to choose an alternative exchange in the UK?
This Coinbase review is going to clear up everything you may be interested in about this exchange, so do not lose a chance to get an unbiased look at the platform in this article. Coinbase is a leading cryptocurrency exchange offering services to crypto enthusiasts from over 100 countries all around the globe. The official company name is Coinbase Global Inc. It was established back in March 2012 by Brian Armstrong and Fred Ehrsam and has become the largest crypto exchange in the US by trading volume. The company set a goal to build a crypto economy – a system characterized by fairness, accessibility, efficiency, and transparency. Currently, the company has achieved lots of significant goals.
What are the features of coinbase?
Coinbase exchange has a number of features that helped it get to the top of the best crypto swap platforms operating nowadays.
Ease of use: it offers one of the least effortless registration procedures with quite fast verification. It is possible to link a bank account to the platform to save on transaction fees and trade select cryptos each time you wish. The website interface is user-friendly and easy to navigate too.
Security and insurance: the main benefit of the platform is Coinbase insurance of all funds stored on the platform. According to the platform, only 2% of all user coins are stored online, the rest is sent to cold storage for better security. Cash balances are stored in the US custodial accounts, treasuries, and market funds.
Mobile app: being the same functional and easy-to-use Coinbase has prepared mobile apps for both Android and iOS users to provide them with the flexibility of trading.
Earning opportunities: Coinbase has prepared a number of educational classes that allow not only to deepen knowledge in cryptocurrency but also be rewarded cryptocurrency for the equivalent of up to $115 for successful results.
Different tools for everyone: not only crypto-to-crypto trading is supported by the service. Users can also benefit from buying and selling cryptocurrency for fiat money in particular, borrow cash using Bitcoin as collateral, spend crypto using a card and earn rewards for that, store coins in the wallet, learn more about the cryptocurrency, and be rewarded for that, etc.
Is Coinbase available in the United Kingdom?
The United Kingdom is one of the countries where crypto enthusiasts can use Coinbase services and make the most of cryptocurrency on this platform. There are no restrictions for users from the UK and other European countries, so it is worth checking all the services of this platform if you plan to use it.
Coinbase services:
The range of services according to different Coinbase reviews is quite various. The most popular of them look as follow:
- Coinbase Pro: this is a special Coinbase version created for professional traders. It offers more sophisticated charts and trading options, but the main benefit of this solution is lower trading fees that drop when the volume increases.
- Coinbase card: the service is working on the development of a payment Visa card. It will offer users to spend crypto in a new way and get rewards for that. You can join the card wishlist only if you are in the US (except for Hawaii).
- Coinbase wallet: this is a self-hosted wallet of the platform that allows storing both crypto and NFTs in one place, trading over 500 assets on decentralized exchanges and earn interest, and access it from a mobile device thanks to the brand app.
- Private client: navigating the world of crypto can be more exciting with a high-touch team of experts. You will get access to ultra-high net worth individuals, personal investment vehicles, trusts, and family offices. Other benefits of the client are personalized support, best-in-class protection, and a dedicated trading desk with professionals trading on user behalf.
