Legit Company or A Big Scam? Are vogogo bitcoin miner any pros and cons to Coinbase?
Before getting into the review of Coinbase, I will first start out with a general description. It is a limited company that mainly focuses on digital asset ventures, and cryptocurrencies in particular. The major focus of Coinbase is Bitcoin along with its products. Coinbase was founded by Fred Ehrsam and Brian Aarmstrong in 2012. They saw an opportunity for a middleman after Bitcoin has start to gain market share since 2009 when it was first introduced. Coinbase first began by purchasing selling Bitcoins via Bank Transfers. Next it extended its services and included a vault system to be used for Bitcoins.
It has grown its user base over the years to around 7 million to date. Coinbase has been the go to place, particularly if you are wanting to buy your first Bitcoin. That is due to the fact that the company has made large investments into designing a user-friendly interface and making better algorithms to handle the extensive technicalities that are associated with owning cryptocurrency. They have also partnered with numerous banks and provide more than 32 countries all over the world with payment services. As previously stated, Coinbase has partnered with numerous banks all over the world to allow for the purchasing and sale of Bitcoins in local currencies.