On the one hand, the platform’s core brokerage services allows customers to buy and sell cryptocurrencies directly from Coinbase. There is often confusion as to whether Coinbase is a broker or an exchange, as the two terms are typically used interchangeably. This has been further amplified by Coinbase’s international expansion, with the platform now supported in more than 103 countries worldwide. To illustrate just how big Coinbase has become, the platform claims to have signed up surplus of 30 million customers since it launched in 2012, with more than $150 billion worth of cryptocurrency assets traded along the way.
Led by CEO Brian Armstrong, Coinbase is often used by inexperienced investors that are looking to purchase cryptocurrencies for the first time, not least because the platform supports everyday payment methods such as debit/credit cards, bank transfers, and even PayPal.
Launched in 2012 and based in San Francisco, California – Coinbase is an exchange broker that facilitates the buying and selling of cryptocurrencies. 4 How Much Does it Cost to Trade at Coinbase?.3 What Cryptocurrencies Does Coinbase Support?.2.5 Step 5: Confirm Your Payment Method.2.3 Step 3: Set-Up Your Preferred Payment Method.2 How do you buy and sell Cryptocurrencies at Coinbase?.