A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. Most coins have an official wallet or a few officially recommended third-party wallets. Essentially all cryptocurrency wallets are “blockchain wallets.” Finally Blockchain is a technology that creates a digital ledger of transactions encrypted by cryptography.
Coinbase, is a digital cryptocurrency wallet. As a result this is the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin. Buy and Sell digital currency here now. Founded in June of 2012 and based in San Francisco, California,
Bitcoin, the world’s most widely used alternative currency. It has a total market cap of over $100 billion. In fact, individuals all over the world run thousands of computers to make up the bitcoin network.
Coinbase makes Bitcoin, Ethereum, and Litecoin easy to use and strives to be the trusted brand in the space. They have built the world’s leading platform for digital currency integration. Finally, a “one stop shop” since we offer a wallet, an exchange, and merchant tools within one simple interface.
$50B+ IN DIGITAL CURRENCY EXCHANGED 32 COUNTRIES SUPPORTED 10M+ CUSTOMERS SERVED
SECURE MOBILE BITCOIN WALLET
The Coinbase cryptocurrency wallet works on your Android or iPhone in addition to your web browser.
- First, send and request bitcoin to friends or shop with merchants who accept bitcoin.
- Second, securely access all your Coinbase cryptocurrency wallets, vaults and transaction details on the go.
- Third, buy and sell bitcoin directly from your phone by connecting your bank account.
SECURITY FOR YOUR PEACE OF MIND
Because we take careful measures to ensure that your bitcoin is as safe as possible.
Offline storage provides an important security measure against theft or loss. Stored offline are 98% of all customer funds.
We distribute bitcoin geographically in safe deposit boxes and vaults around the world.
For that reason a 2-Step Verification is required on All Accounts. In addition to your username and password. The customer will enter a code from your mobile phone, adding an extra layer of security for your account.
Coinbase insured?
Digital cryptocurrency wallet
All digital currency that Coinbase holds online is fully insured. Consequently, this means that if Coinbase were to suffer a breach of its online storage.
- The insurance policy would pay out to cover any customer funds lost as a result.
- Digital currency accounts and value balances on Coinbase are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
- The insurance policy covers any losses resulting from a breach of physical security, cyber security, or by employee theft.
Consequently this insurance policy does not cover any losses resulting from the compromise of your individual Coinbase account. Because, it is your responsibility to use a strong password and maintain control of all login credentials you use to access Coinbase and GDAX.
Fiat Currency
Coinbase stores all customer fiat currency (government-issued currency) in segregated, custodial bank accounts. The funds held in those accounts belong to customers. (not Coinbase)
TheFDIC insured digital cryptocurrency wallets up to a maximum of $250,000..
Therefore the funds held in bank accounts would be returnable to Coinbase’s customers if Coinbase were to become insolvent.
Easier Recurring Buys and Sells on Coinbase
Coinbase users have had the ability to create recurring buys and sells of bitcoin (every day, week, month, etc.) for some time.
Finally, Recurring exchanges are great for people who want to:
- slowly buy bitcoin over time to avoid timing risk (also known as dollar cost averaging)
- automatically sell bitcoin they receive as part of a paycheck
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