Coinbase Review 2022: Great for Crypto Beginners and Long-Term Investors

time.com:

If you’ve heard of any cryptocurrency exchange, it’s probably Coinbase.

Bitcoin early adopters have been buying and trading coins on Coinbase since 2012, but the platform gained mainstream attention in 2021 when it became the first crypto exchange to go public on the Nasdaq.

Today, more than 73 million users are trading over $300 billion worth of cryptocurrency on Coinbase each quarter. It has the second-highest trade volume of all exchanges, according to crypto data firm CoinMarketCap.

Here’s what you need to know about buying, selling, and holding cryptocurrency on Coinbase:

No matter where you buy it, cryptocurrency is a highly volatile, speculative investment. Only invest in crypto what you’re prepared to lose, and make sure you have other financial priorities in place first: save money in an emergency fund, contribute to retirement savings, and pay off any high-interest debt balances.

Simple interface for beginners

Educational tools

More than 150 cryptocurrencies to choose from

Strong security measures

Low minimum to fund account

High fees compared to some other exchanges

No control of your own private keys when you keep coins on your account

Coinbase supports more than 50 different cryptocurrencies. You’ll find each of the most common cryptos listed on Coinbase, including the following:

Different coins have different trading restrictions and minimum and maximum withdrawal amounts. Some can only be traded for certain fiat currencies like the U.S. dollar or converted to or from other cryptocurrencies. You may also be restricted from trading some coins based on the country or state you’re located in. Coinbase’s website offers an overview of these restrictions for each of its supported cryptocurrencies.

One of Coinbase’s biggest