It is based on the user’s region, product feature and payment type.Ĭoinbase’s other fee is the margin or spread of up to 2.00% of the transaction. This is either a flat rate or a variable percentage. When someone completes a transaction on Coinbase, they pay fees for the privilege of using the service. Rather than using them as cash, they have treated them more like stocks or precious metals than currency.Ĭoinbase’s role in all this is that it allows users to purchase and sell these cryptocurrencies and offers a place to keep them - a digital wallet - in the meantime. Since then, however, people have primarily invested in cryptocurrencies. Bitcoin is the most notable example of these, but it is still only one of many. It envisions a future where fiat currency has been replaced by cryptocurrencies. Most people choose the latter, and for many, that method of choice is Coinbase.Ĭoinbase has been around since 2012. If you want to get your virtual hands on some Bitcoin, you can either “mine” it yourself with expensive computing equipment and a supply of energy sufficient to operate it, or you can purchase currency that has already been extracted. Here’s what to know about Coinbase and what its initial public offering could mean for you. The company announced Thursday that its trading debut via a direct listing on the Nasdaq is expected to take place on April 14.īitcoin and Dogecoin recently experienced what Forbes called a “crypto gold rush.” Is Coinbase set to attract a gold rush of its own? Coinbase, one of the world’s most popular cryptocurrency trading platforms, is soon to become open for trading to the general public.
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