![]() ![]() The platform has an intuitive and friendly user interface ideal for newbies and features a simple, direct way to convert crypto to cash and vice versa. With over 10,000 assets to choose from, beginners and advanced traders can use Coinbase to trade popular cryptocurrencies such as Bitcoin and Ethereum and not-so-popular but highly sought-after ones like SUI and MAGIC. The exchange is in over 100 countries and has a vast user base of 108 million verified users as of Q3 2022. IntroductionĬoinbase is a cryptocurrency platform where users can sell, buy or store their crypto and, more recently, NFTs. We will continue to monitor the situation to make you aware of any important developments that may affect this review. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program. ![]() with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. On Jthe Securities and Exchange Commission (SEC) charged Coinbase, Inc. Such access can trigger an FTX-like event, where the exchange dips into users’ funds. Controls users’ private keys: Coinbase holds your private keys (the crypto equivalent of a password), meaning it has full access to your crypto without your permission.Poor customer service: Users frequently lament the exchange’s lack of urgency in resolving customer complaints, even with critical issues.Relatively high transaction fees: Coinbase’s transaction fees are higher than the industry average.Offers passive earning opportunities on over 100 assets: Earn an annual interest on any eligible cryptocurrency or gather crypto as rewards by engaging with content in the “Learn” section.Features a native NFT marketplace: Coinbase has an in-exchange marketplace where anyone with an account can create, trade, or simply collect digital collectibles.Supports an extensive list of cryptocurrencies: Over 10,000 assets are available for buying or selling, including top choices like Bitcoin, Ethereum, Dogecoin, and Ripple.Easy user interface for crypto and NFT beginners: The interactive exchange makes it easy for users to sign up, explore the platform, and trade.Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. ![]()
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