If you’re looking for a great place to buy cryptocurrencies, then you may want to look no further than Coinbase. Coinbase is one of the largest and most trusted names in the world of cryptocurrency.
The company was founded in 2012 by Brian Armstrong and Fred Ehrsam and is located in San Francisco, California. Since then, it has grown to over 10 million users who have made more than $50 billion worth of transactions.
Coinbase is a digital wallet that allows you to store your cryptocurrency. It is also an exchange where you can buy and sell Bitcoin, Ethereum, and Litecoin. You can even use your credit card or debit card to purchase crypto with Coinbase. The platform also allows you to send money directly from your bank account.
Binance is a rapidly growing exchange that concluded its ICO on 21st July 2017 and raised 15,000,000 USD. The company is registered in Malta which is the crypto heaven and offers a blazing fast exchange.
Binance charges very low fees at just .05% per trade. Moreover, it offers a generous 50% discount for traders who decide to pay using their Binance token BNB.
BitFinex is one of the oldest players in the race of crypto exchanges for beginners. The exchange has been in operation since 2012 and has gathered a cult following in this period. BitFinex has the highest daily volume of Bitcoin traded from all the exchanges. It also supports trading of Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC) and other cryptocoins.
Bitfinex was hacked in 2016 but has proved its resilience by bouncing back stronger than ever. The platform charges both taker and maker fees ranging from 0.1% to 0.8%. It also offers margin trading with up to 3.3:1 leverage on BTC/USD and margin funding for users who want to earn interest by lending their coins.
Coinbase is one of the most popular
Cryptocurrencies have come a long way since the creation of Bitcoin in 2009. What began as an idea to facilitate peer-to-peer, decentralized transfers of value has since exploded into a multi-billion dollar industry comprised of thousands of cryptocurrencies and dozens of major exchanges.
Considering the amount of attention that cryptocurrencies and their underlying technology, blockchain, have received, it is understandable that some people may find the concept intimidating. This is particularly true for those who are not already familiar with how to buy and store cryptocurrency, how to trade on an exchange, or how to use a wallet.
Fortunately, there are now many resources available that make it easier for beginners to get started trading and investing in cryptocurrencies. If you are interested in entering the world of cryptocurrency yourself, here are a few things you should know before taking the plunge.
The most popular bitcoin exchange on the planet is Coinbase, with 24 million users. It’s also a favorite among institutional investors. The company has raised a total of $217 million in venture capital financing, most recently at a valuation of $1.6 billion.
Coinbase is a prime example of the sort of startup that attracts VCs like flies to honey. It’s based in San Francisco, it’s run by a couple of hotshot entrepreneurs who took home the Crunchie for best CEO in 2016, and it rides the bleeding edge of an industry that some people think will change the world.
But Coinbase isn’t in business to make money off those who want to buy and sell digital currency quickly and easily. It’s in business to help keep the whole system afloat, which means attracting lots of new users – and giving them reasons to buy more crypto – so it can continue selling its services to other companies that want to build crypto-related products.
It does this by charging fees for transactions (buying or selling) and for wire transfers ($10 for outgoing, $25 for incoming). Those fees add up over time, and combined with low volume mean Coinbase isn’t exactly rolling in dough yet – although it did score a $100 million funding round last year
Some of the names on this list are not surprising: Bitcoin, Ethereum, Litecoin, etc. One name you may be surprised to see is Ripple, which has a market capitalization of $29 billion.
So what is Ripple? Compared to other cryptocurrencies, Ripple is a much easier sell. In fact, it’s probably the easiest cryptocurrency for banks to swallow and adopt. It’s centralized, has a clear use case and there’s an existing enterprise blockchain solution for financial companies to plug into. Banks are already using it for international money transfers and saving on fees. That’s why its value has skyrocketed in 2017.
Even though banks might have an easier time adopting Ripple as a part of their legacy system, that doesn’t mean it should be off limits to individual investors. While many cryptocurrency investors are focused on Bitcoin and Ethereum, they shouldn’t sleep on Ripple!