What is Coinbase?

Introduction

Coinbase is a cryptocurrency exchange which was found in 2012 by Brian Armstrong. In a very short timespan, in May 2013, the company received a US$5 million Series A investment led by Fred Wilson from the venture capital firm Union Square Ventures. In the same year, in December, the company received another US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital. In just 3 years time, Coinbase grew to 1 million users. In the same year i.e 2014, Coinbase partnered with multiple companies such as Overstock, Dell, Expedia, Dish Network, and Time Inc. allowing those firms to accept bitcoin payments. From the year 2015 to 2020, Coinbase has cracked multiple deals and has gained exponentially more users to now expand its operations to various other regions.

Products

Coinbase offers products for both retail and institutional traders. Retail traders can use Coinbase application to buy, store and trade different cryptocurrencies, such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin on their mobile phones.

Coinbase Pro is a professional asset trading platform for trading digital assets. Coinbase Wallet, is an application that allows customers to access decentralized crypto apps (dapps) using a dapp browser.

Coinbase Prime, is a trading platform for institutional traders. It acts as a prime brokerage system that provides secure custody, an advanced trading platform, and prime services so you can manage your crypto assets in one place. It uses smart order routing to access a broader crypto marketplace rather than relying solely on prices from a single exchange. An efficient solution used by Coinbase Prime is its offline cold storage which provides maximum security.

Vision for Coinbase

The vision for Coinbase is simple:

To create more economic freedom for every person and business

Today's financial system is old, with high fees and constant delays, and Coinbase is constantly working to develop and innovate new technologies to realise this vision. It is building an infrastructure to power the crypto economy, and help bring the benefits of this new technology to the world. Sending or receiving digital currency between online wallets, friends, or merchants on Coinbase is free. Coinbase is a "One Stop Shop" - which offers a wallet, an exchange, and merchant tools within one simple interface.

Coinbase is a remote-first company, meaning that for the majority of roles, their employees have the option to work remotely. As a result of this strategy, they do not maintain a corporate headquarter, but do have physical offices in major cities around the world.

You can become a part of this vision by visit their career page

How to BUY/SELL Crypto Assets using Coinbase

Visit Coinbase
You will be directed to the Coinbase Homepage

3. Click on Get Started and you will be presented with a pop-up screen to enter your details to create an account on Coinbase.

4. Enter all the required details, and accept the terms and conditions to create an account on Coinbase. You can also Sign in if you have an existing Coinbase account or Signup as a business.

5. Once you have an account created, just sign in to Coinbase.

6. You will be presented with the Coinbase Dashboard where you have options to view your assets, trade, pay, refer a friend etc. You can explore different options one by one.