Review on Coinbase Wallet by Ayu Anggraini
Coinbase review.
Coinbase. Talking about the fiat exchange place to crypto, we will definitely remember coinbase. Yes ... until now coinbase is still ranked in the world as the most trusted place to exchange crypto to fiat or fiat to crypto. Ceo Coinbase stated that currently there are more than 30 million coinbase users who have actively used coinbase since it was founded in 2012. And there are 65% of institutional money. Coinbase hopes to expand its platform to provide services beyond trading and fiat exchanges to crypto. Coinbase is famous for being very careful in choosing crypto that will be available on its platform. Currently Coinbase Wallet already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. While if you use GDAX, you can get more choices from the crypto above. Speaking about the caution of coinbase in running its platform, coinbase is very compliant with government regulations and requires its customers to conduct KYC. So if you have committed a crime on coinbase you will not be able to run from this platform. In the United States alone Coinbase has a very complete license to operate. This is also the reason why saving money and using coinbase is very safe and reliable. They also keep their money in a cold wallet and only a small portion is available online. For the money available online they also insure it so that customers get a sense of security in using coinbase, so that if at any time you lose money on coinbase, you can claim it back. Well, if you start to enter the world of crypto and want a trusted wallet ... it doesn't hurt if you try coinbase!
Pros
- Most regulated and secure wallet
- Trusted and easy to navigate
Cons
- High fee for withdrawal
- Not available in a lot of country
