We live in a technologically advanced world where, today, even the currency we use is crypto-safe. Although this word has been around for a while, this might be a new term for some.
If you don’t know about cryptocurrency and wish to understand it better, you can find many informative videos on various online streaming platforms such as YouTube.
There are many YouTube channels dedicated to the subject of cryptocurrencies, from which one can learn what to keep in mind before investing, and many more related topics. The right Youtube thumbnail on a video will help you identify if it’s the type of crypto content you’re looking for.
The bigger picture here is that investing in crypto can earn you high returns. To start investing, you will need a cryptocurrency exchange platform, and Coinbase, alongside Kraken, is one of those platforms.
Here is some key information about Coinbase as a platform.
Key points to know about Coinbase
- Coinbase is a crypto exchange platform where you can deal with different currencies.
- You can use this platform to convert one currency to another.
- It is similar to stock trading applications that many people are already using.
How to get started on Coinbase?
Coinbase is a SaaS based platform for investors to trade cryptocurrencies. This platform is easy to use and set up. If you too want to start trading in crypto, here is how you can set up your account on Coinbase:
- Download the application from the App store on your smartphone.
- Install the app and click on the Get Started button.
- Enter all the required information that the application prompts.
- Submit all the information and allow the app to do a background check of all the information you have provided.
- Once everything looks fine, your account is ready to use.
How to trade cryptocurrencies on Coinbase?
Once your account is set up on the Coinbase platform, you will have to link your bank account to the platform. After everything has been set up, you can withdraw some money from your account and transfer it to your Coinbase account. This will allow you to use the money to buy currencies of your choice. In this way, you can easily start trading coins on this platform.
Additionally, you can even sell currency with the help of a single click. Trading on this app is super smooth and easy. Moreover, you can withdraw money from your Coinbase account in the same way that you deposited money into your Coinbase account.
What are the pros to using Coinbase?
Here are the pros of using Coinbase:
- You can trade numerous crypto coins whenever you wish to.
- The user interface is straightforward and easy to learn.
- It has a huge range of liquidity.
Like any other kind of trading, it is crucial for you to know and understand the nature of the market. The crypto market is a very volatile market where you need to have complete knowledge and be very sure about your investments. If you wish to learn more, you can find Facebook influencers, Instagrammers and other channels to learn more about analysing these currencies.