Coinbase provides a secure, easy-to-use platform for buying, selling, transferring and storing digital currency. It helps in building an open financial system for the world and serves as the leading global brand to assist people to convert digital currency into and out of their local currencies.
Cryptocurrency company Coinbase Global, Inc. provides end-to-end financial infrastructure and technology. In short, it aims at building a crypto economy, a transparent financial system based on crypto assets and a digital asset backed by blockchain technology. In over 100 countries, its platform enables approximately 43 million retail users, 7,000 institutions and 115,000 ecosystem partners to participate in the crypto economy. Retail users can invest, store, spend, earn and use crypto assets through a primary financial account.
Hedge funds, money managers and corporations can access cryptocurrency markets by using advanced trading and custody technology. Developers, merchants and asset issuers have access to a platform with technology and services that allow them to build applications leveraging crypto protocols, participate in crypto networks and securely accept cryptocurrencies as payment.
The world’s largest Bitcoin exchange and broker, Coinbase, is located in San Francisco and backed by trusted investors. It has raised over $547 million since August 2020. With 98% of their assets stored in offline cold storage, Coinbase is one of the safest web wallets because hackers cannot access them. If your money ever gets stolen from Coinbase, it will be reimbursed.
Coinbase is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, implying that it complies with all applicable laws and regulations in each jurisdiction in which it operates. USD Wallets and Hosted Cryptocurrency Wallets are offered for free on Coinbase. This means that we will store your USD and cryptocurrency at no extra charge to you. By cryptocurrency, we mean any cryptocurrency supported by Coinbase at the time.
The Coinbase app, from which you buy and sell crypto, is a hosted wallet. If you’re a Coinbase customer, you can choose between a hosted wallet or a self-custody wallet.
What is a hosted Wallet?
The most popular and easy-to-set-up crypto wallet is a hosted wallet. When you buy crypto using an app like Coinbase, your crypto is automatically held in a hosted wallet. It’s called hosted because a third party keeps your crypto for you, similar to how a bank keeps your money in a current or savings account.
What is a Junk bond?
Bonds are issued by companies that are financially struggling and are at high risk of defaulting, or not being able to repay their investors or make interest payments. High-yield bonds are also known as junk bonds because they offer a higher yield to offset any default risk.
