Coinbase is the biggest and most respected cryptocurrency platform in the United States. It offers both an exchange and wallet in one. Coinbase supports the following cryptocurrencies:
- Bitcoin Cash
- Ethereum Classic
- Stellar Lumens
- Kyber Network
- Bitcoin SV
- Basic Attention Token
- USD Coin
Once you sign up and connect your bank account, you can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at will. Coinbase charges a variable percentage fee of one percent for U.S. transactions ($1 min, $50 max) from a bank account or Coinbase USD wallet. Purchases with a credit or debit card add on a 2.49 percent fixed fee.
The Coinbase wallet is very secure, accessed through the Web app or mobile app, utilizes two-factor authentication, and keeps redundant digital and paper backups of data “in safe deposit boxes and vaults around the world.” Plus, cash balances are insured up to $250,000 against theft or a breach in online storage. Further, Coinbase holds 98 percent of customer currencies offline to keep them safe from malicious hackers. This is further evidence of why Coinbase is a leader in digital currencies in the United States.
Getting An Acccount
It only takes a few minutes to get an account. Go to Coinbase.com and click on the Get Started button.