Should You Consider Using Coinbase Services?

Coinbase is one of the earliest crypto exchanges which started out only as a Bitcoin brokerage service that is selling Bitcoins directly to customers but added some services along the way.

Founded in 2012 by Brian Armstrong and Fred Ehrsam, since then the company has raised over $200 million from it’s leading investors.

What are the services offered by Coinbase?

Coinbase has several services offered namely;

1. Coinbase Brokerage

Coinbase Brokerage is the main service offered by Coinbase. This service is basically for buying and selling cryptocurrencies.

Current cryptocurrency users usually buy their first Bitcoin through Coinbase since they are one of the most trusted and established  Crypto companies.

2. Coinbase Pro

Previously known as the GDAX,  Coinbase Pro is a cryptocurrency trading stage. Unlike the traditional Coinbase brokerage service, which works on simplifying the process of buying cryptocurrencies at a premium, Coinbase pro is intended for its more seasoned users.

With Coinbase pro users are allowed to trade using several cryptocurrencies which includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), 0x (ZRX).

3. Coinbase Wallet

Last 2018, Coinbase started their independent mobile wallet for both iOS and Android. The wallet keeps the private keys on the user’s device and only Coinbase have access to the funds. This makes Coinbase working in full circle as it began as a wallet, progressed as an exchange only and now they are offering the wallet services again.

4. Merchant Solutions

Coinbase provides online merchants with the capability to receive cryptocurrencies on their website using a specific plugin. The plugin is backed by some of the largest CMS including Shopify, WooCommerce, and Magento.

5. Additional Services

Aside from the above 4  mentioned Coinbase services, they also offer the following extra services:

Custodian service – A service used to safeguard cryptocurrencies for institutional investors.
Coinbase Index – A service used to track the financial performance of all Coinbase recorded assets.
Paradex – Is a platform used to trade directly from a user’s wallet.
Earn.com – Is a service acquired by Coindesk for cleaning out spam emails.

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