# Coinbase Uncovered: A Novice’s Entry Point into the Cryptocurrency Universe **Published by:** [DroomDroom](https://paragraph.com/@droomdroom/) **Published on:** 2024-01-20 **URL:** https://paragraph.com/@droomdroom/coinbase-uncovered-a-novices-entry-point-into-the-cryptocurrency-universe ## Content Coinbase Review: A Beginner’s Gateway to the World of Cryptocurrencies πŸŒπŸ’°πŸš€ Coinbase, the second-largest centralized crypto exchange, offers a user-friendly platform for buying, selling, trading, and storing crypto assets. Founded by Brian Armstrong and Fred Ehrsam in 2012, it’s a fully licensed and regulated US-based exchange with over 110 million verified users. Coinbase supports 255 cryptocurrencies with a 24-hour trading volume of over $1 billion πŸ’±πŸ”₯. Besides a simple trade interface, Coinbase also provides an advanced trading platform with pro trading tools and lower fees. The exchange charges between 1.49% to 3.99% on its simple trade platform, while fees on the advanced platform start at 0.60% and decrease with monthly trading volume πŸ“‰πŸ’Έ. Coinbase ensures the security of customer assets by storing 98% offline in cold storage and mandating two-factor authentication (2FA) πŸ”’. US account holders are covered by FDIC insurance up to $250,000 πŸ’°. Additional services include Coinbase Earn, an NFT marketplace, and a standalone non-custodial wallet. However, the platform has high trading fees and limited staking options. It also supports fewer altcoins and trading pairs compared to other exchanges πŸ˜•πŸ”„. Overall, Coinbase is an excellent choice for beginners entering the crypto space, offering educational content, seamless on-ramp options, and an easy-to-navigate application πŸŒŸπŸ“². To dive deeper, check out the complete article: https://droomdroom.com/coinbase-review/ ## Publication Information - [DroomDroom](https://paragraph.com/@droomdroom/): Publication homepage - [All Posts](https://paragraph.com/@droomdroom/): More posts from this publication - [RSS Feed](https://api.paragraph.com/blogs/rss/@droomdroom): Subscribe to updates - [Twitter](https://twitter.com/DroomDroom): Follow on Twitter ## Optional - [Collect as NFT](https://paragraph.com/@droomdroom/coinbase-uncovered-a-novices-entry-point-into-the-cryptocurrency-universe): Support the author by collecting this post - [View Collectors](https://paragraph.com/@droomdroom/coinbase-uncovered-a-novices-entry-point-into-the-cryptocurrency-universe/collectors): See who has collected this post