Coinbase is one of the most popular cryptocurrency exchanges in the world, offering users a simple and secure way to buy, sell, and store cryptocurrencies. Founded in 2012, Coinbase has grown to serve over 56 million users across more than 100 countries.
In this article, we will take a closer look at what you can buy on Coinbase.
Cryptocurrencies
One of the main things you can buy on Coinbase is cryptocurrencies. The exchange offers a wide variety of digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Chainlink (LINK), Algorand (ALGO), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC), among others.
Users can purchase these cryptocurrencies using fiat currencies such as USD, EUR, and GBP, or other cryptocurrencies that are available on the platform. Once purchased, users can securely store their cryptocurrencies in their Coinbase wallets or transfer them to external wallets for safekeeping.
Trading Pairs
Coinbase also offers trading pairs, which allow users to trade one cryptocurrency for another. For example, if you have Bitcoin and want to trade it for Ethereum, you can do so on Coinbase’s trading platform. Trading pairs are available for a variety of cryptocurrencies, meaning users can easily diversify their portfolios.
Stablecoins
In addition to cryptocurrencies, Coinbase also offers stablecoins. Stablecoins are cryptocurrencies that are pegged to the value of a stable asset, such as the US dollar. This helps to reduce volatility and make it easier to use cryptocurrencies for everyday transactions.
Coinbase offers several stablecoins, including USD Coin (USDC), Dai (DAI), and Tether (USDT). Users can purchase these stablecoins using fiat currencies or other cryptocurrencies, and can then use them to make purchases or send money to others.
Debit Card
Coinbase also offers a debit card that allows users to spend their cryptocurrencies and stablecoins at any merchant that accepts Visa. The Coinbase Card is available in the UK and EU, and supports several cryptocurrencies and stablecoins, including Bitcoin, Ethereum, Litecoin, and USDC.
Users can load their Coinbase Card with cryptocurrencies and stablecoins, and use it to make purchases online and in-store. The card also offers cashback rewards on purchases, making it an attractive option for those looking to spend their cryptocurrencies.
NFTs
Recently, Coinbase has also started offering the ability to buy and sell non-fungible tokens (NFTs) on its platform. NFTs are unique digital assets that represent ownership of a particular item, such as artwork or collectibles.
Coinbase’s NFT marketplace allows users to browse and purchase a variety of NFTs from artists and creators around the world. Users can also create and sell their own NFTs on the platform, giving them a new way to monetize their creative work.
In conclusion
Coinbase offers a wide range of options for buying and using cryptocurrencies. Whether you are looking to invest in Bitcoin, trade Ethereum for Chainlink, or spend Dogecoin at your favorite store, Coinbase has something for everyone. With the addition of stablecoins, debit cards, and NFTs, the exchange is quickly becoming a one-stop-shop for all things crypto-related. As the cryptocurrency market continues to grow and evolve, it will be interesting to see what other products and services Coinbase adds to its platform.
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