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Have you ever heard about Coinbase, which is termed as one of the biggest crypto exchange platforms in the US? When the exchange platform was launched, it does not get good attention, but as it went through the revolution, millions of people signed on to this platform. Coinbase is a top-rated platform that has been known for offering services related to the different types of digital currencies. You can perform an endless number of activities on the Coinbase platform without switching to any other platform.
Buying bitcoins from the Coinbase platform is much easier than facing a complex mathematical problem during bitcoin mining. Due to the massive demand for the bitcoin exchange platform, the company decided to launch its IPO. The best thing is that Coinbase IPO has attained a much better response from the audience as it is a worth platform.
What are the various sources through which Coinbase makes money?
The Coinbase exchange platform is one of the advanced platforms which has mainly attained its popularity because of its property of not charging any fees for storing bitcoins in their wallet. It is because the platform has the potential of earning fees and commissions when people perform buying and selling plenty of different cryptocurrencies. The below mentioned are some of the fees and other sources that are charged through Coinbase, which you should indeed access for the once.
Margin fee
The Coinbase platform is known for offering margin fees of almost 0.50% for any purchase and sales that people made through the platform. The people should understand the fact there are fluctuations in the prices which mainly depend upon the market situations. For every transaction, the margin fees mainly depend upon the variations in the price of the crypto. Once the order is completed, only after that the margin fees are charged from the user. It is mandatory to pay the margin fees for every user as there is not any exemption to pay this fee.
Coinbase fees
Coinbase is a crypto exchange platform that offers different types of services to its potential users. For covering up the operational cost, the platform also charges the fees, which are known as Coinbase fees. It is a kind of commission charged by the platform from its users, which is also based on the type of service that is offered to the users. The essential thing that users should keep in their mind is that the Coinbase fees vary from one location to another. It also depends on the amount of transaction which is performed by the individual.
Have a look at some extraordinary services offered by the Coinbase exchange platform
Coinbase Commerce
The Coinbase Commerce service has been specially launched for online retailers as the trend of bitcoins, and other cryptos is getting raised at a considerable level. By considering the use of this platform, one can easily enjoy accepting payments in the form of cryptos. Just like PayPal, this online exchange platform has a very advanced user interface that offers exceptionally smooth service to its potential users. The best thing is that the Coinbase commerce plug-in is also used by the various e-commerce platforms, which has really reduced the burden of the users. The retailers and business owners who have experienced accessing this platform claimed that they were highly impressed by the overall experience.
Coinbase card
After the massive success as a top-rated bitcoin exchange platform, Coinbase has recently taken a step by introducing debit cards for its esteemed users. However, the platform is at its beginning stage in launching first-ever physical debit cards based marked with the label of Coinbase. The best thing about these cards is that one can simply convert their bitcoins or other digital currencies into US dollars just by using their smartphone. This will reduce the hassle of arranging the cash every time user is required to make a payment. The resources claimed that a tremendous response had been attained as thousands of users have applied for this card just after launch, and they are thoroughly impressed by its use. If you have just heard about it, then you are suggested to have an experience of this card at least for the once.
USD Coin
If you have ever accessed the bitcoin exchange platform at least once, then you would surely have heard about its own cryptocurrency. Just like other exchange platforms, Coinbase has come out with its own crypto and has attained a very unexpected response from the audience. The USD Coin is a digital currency that is entirely based on the Ethereum platform and offers some fantastic applications of uses to its potential users. The success of the Coinbase platform's own crypto can be observed by its value which is tied to the value of the US dollar at $1 dollar. There are some predictions made by the experts that the value of the USD coin will surely rise to a much higher value.
What is the crucial reason Coinbase went public through IPO?
The initial public offering is the only process that can show a path to any of the private companies for making its debut at Wall Street. Coinbase has also entered on this path as it wants some large-scale investment banks to offer their shares to the public. The key aim of Coinbase is to raise a considerable amount of capital through this IPO, and there is no doubt that it will attain an excellent response from the audience.
Bitcoin has a significant role in attracting more public to invest in the share because its value often faces a drastic rise in values. Although there are more than 5000 different types of digital currencies available in the market, bitcoin has been successful at different levels. The key reason for accessing Coinbase and other exchange platforms is bitcoin as people have made very productive gains through this digital currency which has given them a reason to think about investing in the Coinbase IPO.
No doubt that after accessing the resourceful points mentioned in the above lines, you would indeed have attained lots of unheard facts about Coinbase.
Thank you for reading!