Review on Coinbase Wallet by francis fernandez
Coinbase exchange platform
Coinbase is a cryptocurrency platform originating in the United States since 2012, which works as an exchange network (Exchange), buying or selling cryptocurrencies, through the use of bank transfers or credit cards. It was created with the purpose of expanding the user community worldwide. It is also used to make payments quickly and reliably. Coinbase is a centralized exchange (CEX), which implies that the funds are guarded by the software and infrastructure of this platform. This wallet is one of the few that has a legal license, being authorized and officially registered under the laws of the United States. This condition gives more credibility to this wallet and more trust to its users. By using this wallet, users will be able to send, receive and pay bills quickly and easily using the Coinbase application, from the comfort of their mobile or computer with an internet connection.
Pros
- For a withdrawal it is necessary the authorization of several authorized, which must confirm an email; which gives you a reasonable level of security.
- The storage of almost 100% of your operations can be done without internet access or in physical vaults.
- This wallet is legally registered with the authorities of the United States.
- It offers the benefits of a bank but in a faster way and is available at any time and from anywhere in the world.
Cons
- Withdrawals last 48 hours; which is counterproductive if users urgently require funds. Requires internet connection.
