Coinbase, available to users in over 30 countries as of 2017, is the world's largest Bitcoin broker. Customers can buy bitcoin with a connected bank account, SEPA transfer, Interac Online, and many more payment methods.
PROS
- High liquidity and buying limits
- Easy way for new users to buy bitcoin, litcoin, etherum
- Instant buy available with credit card as backup
- joining bonus of 10 USD / 8 GBP / 8.5 Euros when you join using link
CONS
- Limited payment methods
- May track how its users spend bitcoin
Is Coinbase safe?
Coinbase is the world’s largest Bitcoin exchange, so this is a common question.
Yes, Coinbase is a Bitcoin company based in San Francisco, and backed by trusted investors.
Coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API.
For most people around the globe, Coinbase would be the easiest option to buy Ethereum, Bitcoin, or Litecoin (it doesn't support any others yet).
After verifying your account, you can add a number of payment methods including credit or debit cards, bank accounts, or even wire transfers of funds.
Typically you will need to verify your account with a driver's license and add other details to expand your buy limits. Since cryptocurrencies are "hard currencies," the exchanges don't want to risk getting ripped off, since you can't reverse a cryptocurrency transaction once it's done. If you are looking for some of the newer coins like NEO that are making big movement but haven't made their way to the aforementioned exchange sites, you can look into Bittrex, Poloniex or Livecoin. You can transfer Bitcoin or Ethereum to these platforms from Coinbase and then exchange it for any other digital currency that you want.
In case you are looking for MORE roboust options go for the Ledger Nano S or The Ledger Blue.
These are hardware wallets which use BIP 32, BIP 39 and BIP 44 encryption to securely isolate and store your private keys which keeps your coins safe from online threats which include malware, keyloggers, viruses and hackers.
This way even if your PC is compromised you do not have to worry about your Bitcoins (or any other coins you store) being stolen.
They also support hundreds of altcoins including Ethereum based ICO Tokens.
Supported coins include: Ark, Bitcoin, Bitcoin Cash, Dash, Dogecoin, Ethereum, Ethereum Classic, Komodo, Litecoin, PoSW, Ripple, Stratis, Zcash.
NEO, Monero, NEM and many more are currently planned to be added in the next few months.
It is also compatible with MyEtherWallet.
What Payment Methods Can You Use on Coinbase? What About Fees?
Coinbase supports 30+ countries. The payment methods available depend on your country.
Actual deposit of currencies into your Coinbase account is free. Coinbase then charges a 1.49% fee per purchase.
U.S. customers may add a Visa or Mastercard credit card as a backup payment method. If a backup credit card is available, Coinbase “instant buy” will be enabled for up to $1,000 worth of bitcoin per week.
Is Your Privacy Kept While Using Coinbase?
Users must provide full identity verification and many personal details.
You will be required to take a picture of your driver’s license or passport if you are purchasing with a credit card.
Limits & Liquidity
Coinbase offers very high limits. Limits depend on your account level, which is determined by how much information you have verified. Fully verified U.S. customers may buy up to $50,000 worth of bitcoin daily.
European customers may have a maximum of €30,000 euro in their account at any time.
Does Coinbase Support Your Country?
Coinbase offers its brokerage services in the United States, United Kingdom, Canada, Singapore.
Coinbase also supports the following European countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.
Disclaimer: this is all my personal recommendation and investment in cryptocurrency may involve risk due to high volatility,.
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