Cryptocurrency investments have soared over the past decade as accredited investors and institutional adopters have validated the industry, inspiring intense growth. Adding digital assets to an investment portfolio has shown to be a strategic and effective way to gain passive income. While cryptocurrencies are still new to most individuals, you may be wondering how to start investing. You want to invest a portion of your savings into Bitcoin and aren’t sure how to get started, or how to best go about it. That’s where Coinbase comes into the picture. Although there are a variety of different ways one can invest in cryptocurrencies, this article will focus on Coinbase’s capabilities and how the company has evolved over the years to facilitate crypto investing.
When Coinbase was founded back in 2012, Bitcoin had been around for roughly three years and was the sole cryptocurrency Coinbase offered for trading. In the years since, they have also added Ethereum, Bitcoin Cash, Litecoin, and many other crypto and fiat currencies. Showing tremendous growth in under a decade, operating in over 100 countries, with 43 million users, Coinbase is one of the largest crypto exchanges. Popular amongst beginners as well as crypto veterans, Coinbase is a household name.
Coinbase Capabilities
Coinbase’s mission is to utilize crypto’s capabilities to make the financial infrastructure exponentially more accessible than traditional finance. While Coinbase is most commonly known for and utilized as a cryptocurrency brokerage, its capabilities don’t stop there. In addition to simplifying the buying, selling, and security implementations of cryptocurrencies, Coinbase additionally offers the capabilities of a wallet, exchange, and other supplemental tools all in one condensed location. Such tools include trading signals, and other data tools that keep investors up to date on what is happening in the market as a whole. Coinbase also offers its native stable coin, USD coin which upholds the same value as the U.S. Dollar.
Why Coinbase
Coinbase’s interface is very user-friendly. To get started, all you need to do is link your bank account to your Coinbase account and you are free to trade. The platform provides the ability for individuals to purchase coins using debit cards, PayPal accounts, and other methods of payment. Additionally, their user interface is updated regularly and is a trusted platform for many individuals around the world due to their insurance policies and the security of digital assets. This is a reassuring feature as it prevents hackers from easily accessing user information. Coinbase is highly liquid as well, which proves to be beneficial for users as the cryptocurrency market often experiences price volatility. Coinbase optimizes the management of all users’ assets in one place, and even the ability to schedule buys in a variety of increments.
With access to over 30 different cryptocurrencies, there are a wide variety of crypto assets to choose from, allowing individuals the ability to gain exposure and add a variety of unique digital assets to their portfolios.
Final Remarks
With exponential need and desire from investors to purchase their own digital wallets, alternatives crypto exchanges include Kraken, Binance, and Gemini. All with similar intentions to evangelize the crypto ecosystem, crypto exchanges are making a decentralized future of finance more attainable.
By Abigail Almonte
Disclosures: Not investment advice. It should be assumed that Sarson Funds or its affiliated managers hold positions in all projects that are discussed. It is not possible to invest in any project directly through Sarson Funds, Inc. or its affiliated managers. Any investment product offered by managers affiliated with Sarson Funds should be assumed to be only available to Accredited Investors and subject to the individual terms and conditions of that offering including but not limited to those eligibility requirements associated with U.S. Securities Regulation D, section 506c. Talk with your financial advisor before making any investment decisions or have them contact Sarson Funds directly at [email protected]
