Advantages and disadvantages of Coinbase

Advantages and disadvantages of Coinbase

You want to use Coinbase, but you don’t know exactly how to work this platform and so you want to know if you made the right choice. We will therefore give you our opinion on this platform.

Presentation of Coinbase

Coinbase is a platform that allows to trade crypto-currencies. This is one of the most popular social platforms on the market. Thanks to Coinbase, not only can you trade your crypto-currency, but you can also store that using an online portfolio. Using Coinbase, you will be able to trade multiple crypto-currencies, including Bitcoin or Litecoin. To buy it, you will be able to undermine, to transfer from another platform or an online portfolio, or buy them on Coinbase. For the to buy, you can use different payment methods, including credit card and bank transfer.

The advantages and disadvantages of Coinbase

If Coinbase is so popular, this is because it is a platform very simple and reliable. It is therefore perfect for beginners who have no difficulty finding their way. In addition, in each phase, since the creation of your account up to the time where you begin to trade your crypto-currency, you will be guided by the explanations. The reliability of Coinbase is also found in the ways to protect your account since you will be able to not only protect it with a password, but also with a second authentication, which you can enjoy by binding your mobile phone and your account Coinbase, which will allow you to receive a SMS for each transaction. Finally, in regards to fees, they are below the average and you will not have bad surprise, since there are no hidden fees.

However, the platform Coinbase is not yet perfect because it has several disadvantages. The first of them is the low number of crypto-currencies available. This number is indeed much smaller than on some other platforms. One can also regret that the resources of the helpers are not translated in French, so the anglophobes, it can be difficult to find. However, if you really have a problem, you can still reach customer service. Finally, we recommend that you never let too many crypto-currencies on trading platforms. Indeed, although the platform is perfectly secure, it is never immune to a hacking attempt that succeeds.

In conclusion

Coinbase is the trading platform of crypto-currency the most popular on the market and this is not by chance. It has, in fact, many arguments, including its reliability and high accessibility. It is indeed a platform that is perfectly suited for neophytes, since you will be guided until you are able to trade. The system of Coinbase is also very secure since most of the login code required to access your account you can also add a second protection that you will receive an SMS on every transaction. We can however regret the number of crypto-currencies that are supported, as well as the fact that the help files are not translated in French.