What is Coinbase UK?<\/h2>\n
Established in 2012, Coinbase is an online cryptocurrency exchange<\/a> and investing platform that offers users to trade the likes of Bitcoin, Ethereum, Litecoin, and hundreds of others. With over 74 million users across more than a hundred countries, the platform is highly reputable and the most popular crypto exchange in the U.S.<\/p>\n With a mission to increase economic freedom in the world, Coinbase believes that cryptocurrencies can provide the core tenets of economic freedom. The company believes that everyone deserves access to financial services. Through crypto, they aim to empower people to create a better life for themselves and their families.<\/p>\n Cryptocurrencies are highly volatile assets. You should consider whether you can afford to take the high risk of losing your money.<\/i><\/p>\n In line with this vision, Coinbase created their standard platform to be very beginner-friendly with simple buy and sell orders. However, Coinbase also has a subsidiary platform called Coinbase Pro. This is suited for the advanced traders who actively day trade or buy and sell cryptocurrencies in the short term.<\/p>\n In addition to having a standalone cryptocurrency wallet service called Coinbase wallet, the cryptocurrency exchange runs two separate trading platforms<\/a>. Despite being a centralized exchange, the company embraces cryptocurrency trends such as decentralized finance and even embraces decentralization as part of the growing crypto ecosystem.<\/p>\n Coinbase has come a long way from 2012 when it began as a startup under ex-Airbnb engineer Brian Armstrong and former Goldman Sachs trader Fred Ehrsam. From having its first funding from famous startup accelerator Y Combinator, the crypto exchange just went public in early Q2 last year. In our review of Coinbase, the company made its IPO on the Nasdaq and currently has a market capitalization of $51 billion.<\/p>\n Pros<\/b><\/p>\n Cons<\/b><\/p>\n Cryptocurrencies are highly volatile assets. Your capital is at risk.<\/i><\/p>\n We found in our Coinbase UK review that hundreds of cryptocurrencies are tradable on the platform. With a live Coinbase account, here are some of the cryptocurrencies on the site:<\/p>\n Even if you haven\u2019t been initiated in the crypto sphere, chances are you\u2019ve heard about Bitcoin<\/a> one way or another. Perhaps the most synonymous term to cryptocurrency, Bitcoin is the most valuable cryptocurrency to date. Back in April, its price exceeded $60 thousand coincidentally with Coinbase going public that same month.<\/p>\n Bitcoin was designed to be electronic cash, basically a store of value. Thanks to its deflationary and decentralized nature, cryptocurrency is considered to be the gold standard among digital assets. From our Coinbase exchange review, users can view the total market cap of Bitcoin at $812 billion, view the number of coins being circulated, and the typical holding time.<\/p>\n One of the key aspects that investors might look at when adding a cryptocurrency is its utility. This is one factor that sets the digital assets apart. Bitcoin\u2019s utility comes as an alternative to traditional currencies and is the number one coin in terms of market cap.<\/p>\n As a medium of exchange and store of value, Bitcoin\u2019s price movements aren\u2019t as volatile as compared to smaller cap coins, but its price action remains volatile as compared to more traditional assets.<\/p>\n Lastly, Bitcoin uses a consensus protocol known as proof of work (PoW) which prevents the problem of double-spending and certain types of malicious economic attacks on the network. Essentially, bitcoin is mined via computers using a hash function which allows nodes in the network to all agree on the information in the distributed ledger of the blockchain.<\/p>\n The second most popular cryptocurrency also known as digital silver is Ethereum, a platform intended to facilitate immutable, programmatic contracts and applications via its own currency. The main difference between Ethereum and Bitcoin is that the former facilitates in and monetizes operations of smart contracts and decentralized apps (dApps).<\/p>\n To add to this, Ethereum smart contracts are decentralized and self-executing contracts where the terms between the parties of the agreement are written in code. The code that they\u2019re written in is an object-oriented programming language called Solidity. Code in smart contracts is also open-source, meaning the actual lines of code are available to the public to see exactly how the contract works.<\/p>\n Through smart contracts, certain applications can be run on the Ethereum blockchain which is known as dApps. There\u2019s a whole slew of use cases for dApps, such as decentralized finance dApps which have grown in popularity.<\/p>\n Cryptocurrencies are highly volatile assets. Your capital is at risk.<\/i><\/p>\n One of the top 20 most popular cryptocurrencies, Litecoin is a similar cryptocurrency to Bitcoin but able to do more transactions at a lower cost. Founded by ex-Google engineer Charlie Lee, Litecoin aims to be a faster, cheaper, and more decentralized digital asset than Bitcoin.<\/p>\n Using the same consensus protocol as Bitcoin, Litecoin can be mined but using a different hashing algorithm than its predecessor. However, with Litecoin\u2019s new hashing function, miners can perform something known as merge mining where two coins can be mined using the same processing power for just one token. Litecoin can be merged mined with popular memecoin Dogecoin.<\/p>\n There aren\u2019t very many whale wallets or large accounts that hold huge quantities of Litecoin - with most whales reputable large exchange companies. Litecoin has closely followed the price movements of Bitcoin and offers a very fresh alternative to the gold standard crypto.<\/p>\n For a coin that was launched in 2017, Binance Coin (BNB) is the fourth largest cryptocurrency in terms of market cap. Its meteoric rise can be attributed to becoming one of the biggest blockchain infrastructure providers in the ecosystem.<\/p>\n Launched by one of the largest crypto exchanges, Binance, Binance Coin was built with the aim of being fast and could handle a lot more data than Ethereum. After an iteration of the blockchain, Binance created the Binance Smart Chain that features smart contracts and is actually a fork of Ethereum.<\/p>\n In this Coinbase com review, we found that Binance Coin is not supported on Coinbase but can be swapped via cryptocurrency from a Coinbase wallet.<\/p>\n Just a couple of short years after Ethereum was created, one of its founders, Charles Hoskinson, created Cardano. In short, Cardano (ADA) is a proof of stake cryptocurrency that aims to be more scalable, interoperable, and sustainable than its predecessors.<\/p>\n By using a system called Ouroboros which essentially speeds up the blockchain to be consistent with its users, Cardano has set itself up to be a scalable cryptocurrency. In terms of interoperability, Cardano can be easily bridged with other cryptocurrencies.<\/p>\n Using a proof of stake (PoS) consensus protocol which is more energy-efficient than Bitcoin\u2019s PoW model, Cardano has been able to keep itself sustained as a cryptocurrency. In our review Coinbase, Cardano can be traded and bought in the platform, with price correlations UniSwap according to the crypto exchange.<\/p>\n From our Coinbase review UK, it's important to know the different fees and commissions that come with crypto trading on the exchange.<\/p>\n Here we have listed Coinbase\u2019s key fees and commissions below:<\/p>\n![\"coinbase](\"https:\/\/tradingplatforms.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/01\/coinbase-home-1024x629.png\")
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<\/p>\nCoinbase Pros & Cons<\/h2>\n
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Which Cryptocurrencies Can You Trade in Coinbase?<\/h2>\n
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Bitcoin<\/h3>\n
![\"coinbase](\"https:\/\/tradingplatforms.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/01\/coinbase-bitcoin-1024x689.png\")
<\/p>\nEthereum<\/h3>\n
![\"coinbase](\"https:\/\/tradingplatforms.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/01\/coinbase-ethereum-1024x694.png\")
<\/p>\nLitecoin<\/h3>\n
![\"coinbase](\"https:\/\/tradingplatforms.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/01\/coinbase-litecoin-1024x687.png\")
<\/p>\nBinance Coin<\/h3>\n
![\"review](\"https:\/\/tradingplatforms.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/01\/coinbase-binance-coin-1024x694.png\")
<\/p>\nCardano<\/h3>\n
![\"coinbase](\"https:\/\/tradingplatforms.com\/uk\/wp-content\/uploads\/sites\/2\/2022\/01\/coinbase-cardano-1024x688.png\")
<\/p>\nCoinbase UK Fees & Commissions<\/h2>\n
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