Review on Coinbase Wallet by Douglas Cachazo
Coinbase Wallet: Excellent exchange company for the main current cryptocurrencies
Conbaise is a company in which you can buy or sell some of the main existing cryptocurrencies such as: Bitcoin, Ethereum, Xrp, Bitcoin Cash, Litecoin among others. It is one of the main cryptocurrency exchange houses, operates in almost every country in the world and currently has more than 20,000,000 subscribers.
It is the exchange company that I chose for my personal use, from the moment you subscribe you start to feel a pleasant sensation with its web portal, which is very good and clear, it gives you the possibility to connect your wallet with many applications and decentralized services, you can connect your wallet with your Coinbase account. send coins and tokens directly from the exchange account to the wallet. In short, it is very good to have a wallet that is connected to an exchange account.
I recommend it for beginners as well as for companies, it has options depending on whether the subscriber is a company or an individual, it can be traded with fiat money, that is, it allows you to buy with fiduciary money, since you can deposit money into your account by transfer. Coinbase charges fees for depositing and withdrawing money, in my view of expensive fees. It does not operate with many cryptocurrencies. Coinbase is one of the providers that owns a token developed by Ethereum called USD Coin USDC. Thought of users who have bank accounts in dollars, because the currency is backed by US dollars. 1 USDC equals 1, After logging in, you simply have to convert and choose whether you want to send them to another wallet or transform them back to dollars on the Coinbase platform.
I can assure you that it is a fairly safe and reliable platform, it is worth highlighting a recent event known worldwide as the massive hack that Twitter suffered in previous days, scammers took control of the accounts of famous people and companies to scam their followers with cryptocurrencies , many people were scammed, Coinbase prevented hackers from stealing close to 30.4 Bitcoin, the equivalent of $ 280,000, managed to prevent 1,100 people from being scammed by the hack to the social network. You can operate it from your Pc or Tablet as well as from a mobile device, either Android or IOS.
Something that may be attractive to many is that coinbase has an option for referrals and gives a prize in dollars (10 dollars) if one of your referrals buys 100 dollars in cryptocurrencies. In particular, I do not generally like the concept of referrals.
Pros
- Good option to use it as your wallep
- Excellent platform and web portal
- Very reliable and safe
- It operates in almost every country in the world Chosen by more than 20,000,000 people, that says a lot.
- Updated information online.
- Good news section on your portal.
Cons
- Very high commissions
- Does not operate with many cryptocurrencies
