Coinbase – How to Open a Bitcoin Account and Buy & Trade Easily
For those who don’t know, Coinbase is currently the biggest bitcoin exchange in the United States. This is due to the fact that Coinbasehas over 10 million registered users, and has traded an eye-watering $50 billion+ since launching in 2012.
That said, Coinbase isn’t just one of the easiest places to buy Bitcoin with a credit card and/or via direct bank transfer. As well as this, Coinbase also offers a wide range of industry-leading Bitcoin account services.
Safe & Easy Bitcoin Storage & Wallet Access
One golden rule when dealing with any Bitcoin exchange, is to to always have a way to store digital assets safely after purchase. Did you know, for example, that $30 billion in Bitcoin has been lost since 2009, simply due to investors losing coins while transferring funds and them losing their private keys?
Thankfully, as well as allowing verified users to buy up to $1,000 worth of Bitcoin each week, Coinbase also operates one of the most secure Bitcoin exchange web wallets on the market.
Unlike with other Bitcoin exchange web wallets, Coinbase funds can be stored safely offline in a Coinbase vault. Meanwhile, Coinbase users in the United States can use the Coinbase Shift Visa debit card, to directly spend wallet balances in real-world retail contexts.
Coinbase Benefits:
- Buy Bitcoin with credit cards easily and safely in seconds
- Coinbase allows users to buy and exchange digital currency tokens like Litecoin, Ethereum, and Bitcoin cash. – not just Bitcoin
- ID Verified users can buy up to $1,000 in Bitcoin each week
- Coinbase stores 98% of cryptocurrency funds offline for enhanced wallet security
- Coinbase allows newcomers to the digital currency market to buy and sell digital assets, even if they are unfamiliar with Bitcoin and blockchain technology
- A Shift Visa debit card can be linked with wallets to allow users to spend wallet balances
- Transfer BTC and other cryptocurrency coins instantly and easily among other Coinbase users
Recent Coinbase Controversies
If you are new to the cryptocurrency market, Coinbase easily provides one of the most user-friendly Bitcoin exchange platforms to get started using. That said, Coinbase does attract criticism on some fronts.
Trading Caps & ID Verification Issues
One of the most concerning things about Coinbase is that on several occasions, Coinbase has been seen to suspend trading during cryptocurrency price crashes.
In tandem with Bitcoin and other cryptocurrency price crashes on December 21st, 2017, Coinbase halted trading, making it impossible for people holding digital assets to sell in time to avoid considerable loses. Of course, since December 21st, cryptocurrency prices have significantly recovered. What is arguably more worrying, however, is the fact that Coinbase also seems to periodically freeze and suspend user accounts without real justification.
Coinbase Account Freezing
For the sake of objectivity, it is important to understand that Coinbase and most other Bitcoin exchange platforms are bound by strict know-your-customer, identity verification rules. This means that if anyone creates a Coinbase account using an alias or a fraudulent ID, Coinbase has every right to freeze that account and suspend withdrawals indefinitely.
Sadly, in spite of the above, some longtime Coinbase users have reported account suspensions and withdrawal issues, which only seem to occur during peak trading periods.
Could Coinbase be the Best Bitcoin Exchange for You?
Despite certain controversies, Coinbase is still the safest and most reputable Bitcoin exchange in the US. What is more, buying Bitcoin and other digital assets like Etherum and Litecoin, is significantly cheaper (and safer) on Coinbase than buying tokens peer to peer.
Of course, no one likes the idea of having an account frozen or suspended when they might need access to it most. All such problems, however, can be easily avoided, by buying digital assets on Coinbase, before moving funds to more secure off-platform wallet addresses.
Check out our Simple Ways to Earn Bitcoin Guide, and our How To Get Bitcoin, Beginner’s Guideto learn a broader range of how else you can get some Bitcoin.
*If you are interested in signing up for Coinbase you can earn a free extra $10 whenever you buy/sell up to $100 worth of Bitcoin, or any cryptocurrency, when you sign up through this linkCoinbase.
47 thoughts on “Coinbase-Bitcoin Exchange- Simple Guide”
Thanks in support of sharing such a nice idea, piece of writing is nice, thats why i have read
it entirely
Hello friends, how is the whole thing, and what you desire to say on the topic of this post, in my view its genuinely remarkable for me.
This blog was… how do you say it? Relevant!! Finally I’ve found
something which helped me. Appreciate it!
First of all I would like to say awesome blog! I had
a quick question which I’d like to ask if you do not
mind. I was curious to find out how you center yourself and clear your head prior to writing.
I have had difficulty clearing my thoughts in getting my thoughts out there.
I do enjoy writing but it just seems like the first 10 to 15 minutes tend to
be wasted simply just trying to figure out how to begin. Any ideas or tips?
Kudos!
Howdy I am so glad I found your web site, I really found you by error,
while I was researching on Aol for something else,
Regardless I am here now and would just like to say thanks a
lot for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to read it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be
back to read a lot more, Please do keep up the awesome b.
Hi there! Do you use Twitter? I’d like to follow you if that would be ok.
I’m absolutely enjoying your blog and look forward to new
updates.
You actually make it seem so easy with your presentation but I find this matter
to be really something that I think I would never understand.
It seems too complex and extremely broad for me. I am looking forward for your
next post, I’ll try to get the hang of it!
very interesting information! Thank you!
I do not even know how I ended up here, but I thought this post was great. I do not know who you are but certainly you’re going to a famous blogger if you aren’t already 😉 Cheers!
I like the helpful information you supply in your articles.
I will bookmark your weblog and take a look at again here frequently.
I am fairly certain I will be told many new stuff right right here!
Good luck for the following!
This excellent website really has all of the information I needed
about this subject and didn’t know who to ask.
I’m commenting to make you know what a awesome encounter our girl gained visiting your site. She discovered so many details, including how it is like to have a marvelous coaching mood to get other people smoothly comprehend a number of impossible matters. You really did more than our expected results. I appreciate you for churning out these valuable, trustworthy, informative and even fun thoughts on the topic to Kate.
Hi, I want to subscribe for this weblog to take most
recent updates, so where can i do it please help.
I like looking through an article that can make men and women think.
Also, many thanks for allowing for me to comment!
I’m truly enjoying the design and layout of your website.
It’s a very easy on the eyes which makes it much more pleasant for
me to come here and visit more often. Did you hire out a designer to create your theme?
Excellent work!
I can’t believe how great this site is. You keep up the good work. That’s my advice pal.
Just fabulous. Who wrote this and how can we get more?
I don’t know how you do it. This is one of those must see sites. I’m sure glad I had the chance to see all of these wonderful pictures.
I’m gone to inform my little brother, that he should also visit this blog on regular basis to get updated
from most recent news update.
I pay a quick visit everyday some web pages and information sites to read content, however this
website presents quality based content.
I hope your week has started out good. I have a new list for you all. This list has more links than the others. Happy link building!
I’d like to find out more? I’d love to find out some additional information.
Greetings from Colorado! I’m bored at work so I decided to check out your website
on my iphone during lunch break. I love the information you provide here and can’t wait to take a look
when I get home. I’m amazed at how fast your blog loaded on my mobile
.. I’m not even using WIFI, just 3G .. Anyhow, good site!
I am sure this paragraph has touched all the internet visitors, its really really good piece of writing on building up new website.
Because the admin of this web page is working, no uncertainty very
soon it will be renowned, due to its feature contents.
I hope you all are having a great weekend. I have a new list for you. Read the latest update on how I compiled the list. I’m still surprised by the results.
This really answered my problem, thank you!
There are some interesting closing dates on this article however I don抰 know if I see all of them heart to heart. There’s some validity but I will take hold opinion till I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as nicely
An impressive share, I just given this onto a colleague who was doing a bit of analysis on this. And he actually purchased me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading more on this topic. If doable, as you grow to be expertise, would you mind updating your weblog with extra particulars? It is highly helpful for me. Massive thumb up for this blog post!
Good post. I study something more difficult on completely different blogs everyday. It can always be stimulating to read content material from other writers and practice a bit of something from their store. I抎 want to use some with the content on my weblog whether or not you don抰 mind. Natually I抣l offer you a hyperlink on your web blog. Thanks for sharing.
I’ve just added a fresh new list. This is by far the biggest list to date. I hope you all are having a great week. Take care and happy link building.
Thank you for every other magnificent article. The place else may just anybody get that kind of information in such a perfect approach of
writing? I’ve a presentation subsequent week, and I’m on the search for such info.
Pretty! This has been a really wonderful post.
Many thanks for providing this information.
I have been browsing online more than 4 hours today, yet I never found any interesting article
like yours. It’s pretty worth enough for me.
Personally, if all web owners and bloggers made good content as you did,
the internet will be much more useful than ever before.
I just updated my site with a new list. I hope you all are having a great week.
Wonderful article! We are linking to this particularly great article on our site.
Keep up the great writing.
Pretty nice post. I simply stumbled upon your blog and wanted to say that I have truly
loved surfing around your weblog posts. After all I will be subscribing in your rss feed and I am hoping you write once more soon!
I enjoy what you guys tend to be up too. This sort of clever work and
exposure! Keep up the amazing works guys I’ve incorporated you guys to my blogroll.
We stumbled over here coming from a different web address and thought I
should check things out. I like what I see so now i am
following you. Look forward to going over your web page again.
I added a new list. As you’ll see it’s bigger than most of them. I hope you all have had a great week!
Appreciating the persistence you put into your site and in depth information you offer.
It’s great to come across a blog every once in a while that isn’t the same outdated
rehashed information. Great read! I’ve saved your site and I’m adding your
RSS feeds to my Google account.
Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something.
I think that you can do with a few pics to drive the message home a
bit, but other than that, this is excellent blog. An excellent read.
I’ll definitely be back.
Thank you for your whole efforts on this site. My mum takes pleasure in going through internet research and it’s really simple to grasp why. My spouse and i notice all of the dynamic manner you render effective tactics on this website and therefore attract participation from some others on that point then my girl is certainly learning so much. Take pleasure in the remaining portion of the year. You have been doing a brilliant job.
I actually wanted to jot down a simple remark to appreciate you for all of the nice tips and tricks you are giving out on this site. My extensive internet investigation has now been paid with good quality information to go over with my great friends. I ‘d tell you that most of us website visitors are unquestionably endowed to be in a notable site with many wonderful individuals with useful secrets. I feel extremely fortunate to have come across your entire website and look forward to many more thrilling times reading here. Thanks a lot again for all the details.
Posts are great! Thanks for the author
Thankyou for helping out, superb information.
Hmm is anyone else encountering problems with the images on this blog loading?
I’m trying to figure out if its a problem on my
end or if it’s the blog. Any suggestions would be greatly appreciated.