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Ioan Santos
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Get $10 in Free Bitcoin

Published on 8/13/2018
For additional information  Click Here makes it easy to convert your local currency into and out of bitcoin.  After a quick verification of your personal information, all you have to do is link a bank account and deposit some of your local currency.  They offer fiat trading pairs in USD, EUR, CAD & GBP. Coinbase is based out of San Francisco and is one of the first fully compliant bitcoin exchanges in the United States.  Your USD deposits to Coinbase are FDIC insured just like in your bank account, but at Coinbase you can withdraw all your money anytime via bitcoin.

You can now use Coinbase to buy bitcoin with a credit card or debit card, but there is a 3.99% transaction fee.  It is more cost efficient to buy bitcoin by connecting a bank account.

Coinbase has merchant services for businesses who want to accept bitcoin, with the option to automatically convert the bitcoin you are paid into your local currency.  This allows you to accept bitcoin as payment without any risk due to price volatility.

Coinbase has a choice of simple buy / sell orders, as well as fiat wallets and a more advanced bitcoin spot market exchange for professional traders.   Their market is API enabled for arbiters and hedge funds. There is also a Vault in which you can safely store your bitcoins long term.

Coinbase is a great exchange for new users to buy their first bitcoin.  There are mobile apps for both iOS and Android so you can pay for products with bitcoin easily from your Coinbase account, or buy and sell you coins conveniently.

Coinbase Bitcoin Exchange operates in 32 countries

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