Coinbase Stock: Our Two Cents on Coinbase
Financial Joy School has been sharing a treasure trove of knowledge about the best stocks to buy. Buying stock can be a daunting task, especially if you’re brand new to the game. It can be difficult to determine which ones to invest in and which ones to run far away from. Sometimes the best stocks are the ones you’ve never thought of. Have you heard of cryptocurrency? Consider this: Coinbase. Let’s learn more about Coinbase Stock.
The Story
Coinbase is absolutely at the top of the who’s who of cryptocurrency. Founded in 2012 by Brian Armstrong, Coinbase is the largest cryptocurrency exchange in the United States. Fred Ehrsam would later sign on as a co-founder of the company. Coinbase’s name comes from the embodiment of “coinbase transactions.”
Currently, Coinbase operates as a remote-first company, meaning it has no physical location for their headquarters.
Why Is Coinbase #1 in Crypto Trading?
Why should you invest? For starters, Coinbase has seen considerable growth in the past few years. It is considered a growth stock, meaning it increases in value—obviously good news for you and your wallet.
With Coinbase, you’ll also have options. Coinbase has options for buying, trading, and storing cryptocurrency and their website is extremely user-friendly. Coinbase currently offers over 130 types of cryptocurrency for trading, which is more than any other cryptocurrency exchange.
Coinbase also offers two different types of platforms for trading. There is a standard platform, which is great for beginners, and also the Coinbase Pro platform, which is geared towards those more comfortable with the trading process. You also get a Visa-branded debit card that allows you to make purchases with your account balance.
The convenient option of signing into your account the traditional way on a computer, or through their mobile app, means you can access your account anytime, anywhere. That means you have the flexibility to make the most of your time and do some crypto trading while waiting at the doctor’s office!
Refer and be Rewarded
With Coinbase you can get started for as little as $25. In addition to that amazing perk, you’ll also be eligible to earn rewards. For every new customer you refer, Coinbase will reward you with $10 in Bitcoin. This essentially gives you free crypto to turn around and trade with and who doesn’t love a freebie?
The Extra Mile For Security
Coinbase goes the extra mile for its customers by making sure your investments are secure. The photo ID verification process ensures that you’re you. This means you won’t have to worry about identity theft or fraud with Coinbase. Additionally, 98% of client funds are stored in “cold storage,” meaning the funds are not accessible through the internet. Just like assets in your checking or savings accounts, Coinbase carries crime insurance on the funds, giving you peace of mind.
To learn more about investing, closing the racial wealth gap, and growing generational wealth for Black and brown families, please visit Financial Joy School and become a part of our financial family.
