About Coinbase

Coinbase is a virtual wallet in which users can store the crypto currencies Bitcoin, Ethereum and Litecoin. In addition, many transactions with bitcoins can be conducted.

Coinbase is a trading platform for bitcoins. In the app, your bitcoins are safely stored in a virtual wallet. However, you can not only store bitcoins but also buy or sell them. You do not even have to leave the app to conduct bitcoin transactions. Since you have the possibility to link your bank account to your Coinbase account, you can always deposit or withdraw money from your account at any time. To keep your bitcoins completely safe, they can also be stored in a special vault.

Coinbase - Functions:

• Store your bitcoins: The Coinbase app provides a secure storage space for your Bitcoins, Ethereums or Litecoins. Crypto currency you own is safely stored in a virtual wallet that can only be accessed by you. If that's not safe enough for you, you can store your bitcoins in the so-called vault, which has additional security measures. Another advantage of the app is that no fees incur for storing your bitcoins.
• Trade with bitcoins: Coinbase is mainly a trading platform for bitcoins, which means that you can both buy and sell the popular crypto currency in the app. Since the entire purchase or sale works within the app, you do not even have to leave Coinbase for the transaction. Coinbase also ensures that you remain absolutely anonymous when buying or selling your bitcoins. You can also receive bitcoins when you use your name or email address, but most of the sales will work with your bitcoin address. Your bitcoin address consists of an arbitrary sequence of numbers and letters, so that no conclusions can be drawn on your name or your origin.
• Link your bank account: Connecting your bank account to Coinbase makes buying and selling bitcoins even easier. When you do this, you do not have to leave the app to deposit money into your Coinbase account. In addition, you can withdraw money from your Coinbase account and move it to your bank account within seconds.
• Protect your app: In order that no third party has access to the app and your bitcoins, you can protect the app with a password.

Conclusion: Coinbase allows a secure and free storage of your bitcoins and other crypto currency. In addition, the platform offers you the possibility to trade completely anonymous and protected with your bitcoins.