As far as crypto exchanges in the US are concerned, Coinbase governs the market. From Ascent’s study that analyzed more than 50 million investors based in the US, 67% of crypto enthusiasts utilize or have used Coinbase trading services. That is higher compared to Binance, the next highest, at 27%.
From stats, you will accept that Coinbase, with its more than 56 million customers, dominates the US markets. What is the reason behind that? Here is why Coinbase dictates the crypto environment in the United States.
User-friendliness
Usability is a vital feature for any crypto firm. The whole notion about cryptocurrency is challenging enough for newbies. New users cannot tolerate complicated platforms. Coinbase ensured user-friendliness in its trading services. Users enjoy the straightforward design that makes it quick to execute cryptocurrency traders. Also, Coinbase has educational content for its customers.
Top-notch Security
Security is another necessity to consider when evaluating any brokerage company. It is without a doubt that investors want their assets in a secure place.
Coinbase has an impressive record in this subject. The exchange has never experienced hacking cases or massive crypto theft. The broker uses Cloud storage to store around 98% of client’s products. That means that the platforms stores the assets in offline devices. Moreover, an insurance policy covers crypto stored online and FDIV insurance amounting to $250K per client on cash balances.
Multiple coins
Among the crypto exchanges you will find in the US, Coinbase boasts the widest crypto selections, having more than 40 digital coins. Moreover, the platform adopts new crypto coins regulars. For instance, the exchange added Dogecoin some months ago. If you are an altcoin fan, Coinbase has many assets for its followers.
Competitive Fees
Among the knocks with Coinbase is that you can hardly understand the associated fees. You will find both variable and flat transaction fees, and you have to pay the greatest charges. However, despite the confusing fee structure, Coinbase charges match others top crypto exchanges. Although not with the lowest crypto rates you will find in the market, Coinbase will never rip you off when buying your crypto.
Visit the platform to see whether it fits your trading style and financial needs.
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