Coinbase mobile app review
What is coinbase?
Coinbase is a secure platform offering online buying, selling, storing, and transferring digital currency. It’s a conventional cryptocurrency exchange in over a hundred countries worldwide. It offers a wallet for retail investors and custodial accounts for organizations and institutions. Coinbase also provides an advanced trading platform for individuals, companies, and businesses to buy, sell and convert the cryptocurrency.
Features and benefits
Why use coinbase wallet?
Coinbase has developed a mobile app that is compatible with the latest Android versions and iOS. The app has high-end features that require the latest Android developments and can be incompatible in lower versions. The reason is to ensure simple user interphase with high liquidity.
Why use coinbase wallet then? First, you can earn $10 bitcoin when you refer a friend and makes transactions amounting to $100.
New users are also guaranteed a $5 offer added to their portfolio within 24 hours. The app is also secure with a two-way verification code, keeping away the fraudsters. Coinbase resolves strict customer protection policies that guarantee safer transactions. Besides, the app offers a blend of crypto prices displayed in an instance for users to pick a cryptocurrency of their choice effortlessly.
Who should buy it?
Both individuals, companies and businesses can buy the coinbase wallet to transact and store cryptocurrency.
Pros and cons of coinbase mobile app
Pros
• You can earn bitcoin for referring friends.
• It’s safe and secure.
• Offers top trader insights.
• You can send, receive and hold cryptocurrency in the app.
Cons
• Incompatible with lower versions of android and iOS.
• Users do not control wallet keys with the app.
• High fees when not using coinbase Pro.
How much does coinbase cost?
Coinbase has an advanced platform — the coinbase Pro, that is cheaper than the former. But for the standard platform, fees on transactions vary according to countries and type of transactions. The cost is usually charged as a percentage of each transaction. The sale of cryptocurrency charges 0.5% for deals below $10,000 and decreases to 0.35%. For amounts above $500,000,000, coinbase charges a fee of 0.04% of the total transactions.
Conclusion
Coinbase is reputable in having a simple user interphase and has higher liquidity compared to other cryptocurrency exchange platforms. With the development of the mobile, it has become more user friendly and convenient to trade anywhere, anytime.