Understanding Coinbase Cryptocurrency Exchange And Coinbase Stock

The crypto market has soared from a small secondary investment market to one worth hundreds of billions of dollars. If you are looking to invest in crypto or consider using it as a mode of payment, you might be familiar with Coinbase. Nevertheless, the platform has become a global sensation among crypto exchanges online with tens of millions of users. Furthermore, it also boasts to be the easiest way to purchase cryptocurrency which has helped push the coin into fame. 

In this article, we will look into how this crypto exchange has earned the trust of investors to buy and sell their favourite coins. Moreover, we will look into the Coinbase stock and its price prediction for upcoming years. 

If you are new to crypto exchanges then using Coinbase can look a bit tense but actually, it is quite simple. No need to stress about it, we will break it down for you in simple words.

To summarise, Coinbase is a crypto exchange where it is easy to buy and sell the most famous coins like Solana, Bitcoin and Ethereum. Not every crypto gets listed on Coinbase, but there are far more than 120 different cryptos supported on the platform. 

Opening a Coinbase account is easy. Here’s what Coinbase says you’ll need to create an account:

To get started with opening a Coinbase account, you are required to follow some simple steps: 

• You should be a minimum of 18 years old. 
• You should have a government-issued ID like a State ID or driver’s license. 
• You must Have a smartphone or computer with internet access
• Phone number to receive SMS verification
• The most latest version of any internet browser

If your checklist ticks all the boxes given above, you are ready to register your account. To get started, you need to enter your first and last name, your state of residence, and email address and give a strong password. Moreover, you must agree to check the box confirming that you are older than 18 years. Pay extra attention to the password you create as it will be your security at stake. 

You will also be required to include a payment method, so you can transfer money into your Coinbase account. Customers based in the U.S. can benefit from various payment methods like PayPal, debit card, bank transfer, wire transfer or Apple Pay. PayPal is available to U.S. customers only and it can only be used to purchase crypto or cash out. Once the payment method and account have been set up you are ready to begin trading crypto.

Once you create your account and add a payment method, you are ready to start trading cryptocurrency.

While Coinbase doesn’t support every cryptocurrency, it supports many of the most popular coins. So most people buying and selling on Coinbase won’t run into any issues. However, more advanced traders might find they need to set up an account elsewhere.

As Coinbase doesn’t support many cryptos, it does support many famous coins. A lot of people buying and selling over the exchange won't come into any problems. On the other hand, more advanced traders might consider making an account in some other place. The crypto platform boats more than 120 cryptos which can be found on the Coinbase website. Although, it is not confirmed yet it can be said, that an emerging coin by the name of BlockDAG can be seen on the Coinbase platform if its performance stays as promising as it is now. 

Coinbase stock price at the time of writing this stands at $147.31. Based on Coinbase's success in the crypto exchange market, its stock has been performing well lately. Looking at the past performance of the stock we can make a few Coinbase stock price predictions for the future, which might unfold like this:

Year                               Value

2024                         $400

2026                         $500

2027                         $600

2028                         $700

2030                         $900

2035                         $1000

The macroeconomic factors and market tribulations might come into play affecting the overall price. These coin stock prices are projected based on the stock’s price performance and might increase or decrease due to external factors.

In June 2023, the SEC (Securities and Exchange Commission) sued Coinbase stating the exchange worked as a broker-dealer, clearing agency and an exchange while selling and offering unregistered securities. The lawsuit revolved around Coinbase violating the laws intentionally against the security of investors. In its defence, the crypto exchange said it will continue to work as it is.

Coinbase gives easy access to those searching for top cryptos or who are new to the landscape. The easy interface allows simple transactions coupled with just a few clicks. A lot of cryptos are available over the crypto exchange and many popular coins can be found there. Moreover, looking at the Coinbase stock price prediction it can be said the coin is likely to gain tremendously in upcoming years.