Coinbase is a cryptocurrency exchange founded in 2012, headquartered in San Francisco, California. For most people, Coinbase serves as a good way to enter the crypto market. For professional traders, there is an advanced trading platform called Coinbase Pro (formerly known as GDAX). GDAX (Global Digital Asset Exchange) was founded in 2016. It was rebranded to Coinbase Pro in May 2018. Coinbase has a wide range of digital assets supported such as Bitcoin, Ethereum, Bitcoin Cash and XRP.
When buying digital currencies, Coinbase charges a fee that’s added to the amount entered. If buying $100 of BTC, for example, and the fee is 1.49%, the total will be $101.49. when selling cryptocurrencies, fees are subtracted from from the amount entered. if selling 4100 of BTC, and the fee is 1.49%, the total will be $98.51. The exchange also offers a wallet service, called Coinbase Wallet which supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin and all ERC-20 tokens. Coinbase Commerce is a platform designed to make accepting cryptocurrency payments easy with no middlemen.