Coinbase is the online payment receptacle for storing, purchasing, and receiving bitcoin’s. The company is based out of San Francisco, California and is one of the premier bitcoin wallets today.
Because this company is entrusted with so many well-respected companies, I figured my information and money is safe as well. I have been a member for over a year now and I have not had any problems. The wallet system is easy to use and simple to understand. This company just keeps getting better and better the more I read about them and utilize their services.
Coinbase is great for businesses
The Company has partnered with Dish network, Dell, Expedia, overstock.com, Reddit, OkCupid, Khan Academy, Google, and more.
“I used Coinbase because it’s the easiest on-ramp to the Bitcoin world”
– Bloomberg Business
They have been able to make it cheaper to process payments than traditional Credit Cards. These savings can really add up for their bottom line!
Top-notch security measures
To provide extra security they have created the vault to store large amounts of the digital currency. With the vault, up to 97% of bitcoin is stored off-line in physical vaults and safe deposit boxes. The San Fransico based exchange also set up things like time delayed withdrawals, and for extra security, joint approvals. All designed to keep it user-friendly and money as safe as possible with no loopholes. They even encourage hacking of there site in order to make the system more secure.
Here is a short video on “The Vault”
Coinbase is constantly doing positive things to generate awareness of how special this cryptocurrency generation is becoming.
They offered
- 0% processing fees for nonprofits
- $10 of free bitcoin for college students
- They have waived fees for the first 1 million in sales.
- Added a hedge in case the price of bitcoin goes down – meaning if you transferred $10 into bitcoin and the price at the time of transfer was $700 per bitcoin but the price goes down to $550 you would still receive the equivalent of $10 back into USD of the original price you bought for which would be $700… If you chose to transfer your money back into USD.
I don’t know why you would transfer your money back into USD anyway but that’s just me.
These are just a few of the many positive aspects for this bitcoin exchange. They are definitely one of the top leaders in the digital exchange industry today I can’t imagine a more safer and secure way for the storage and spending of digital currency.
In order to join you will need to enter your name, email, bank account, or credit card information in order to start receiving and sending cryptocurrency.
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