Hello, I am writing about this new app that will make it easy to manage bitcoin and other cryptocurrencies, it even helps you earn it too! But before we get into the details of such an awesome App please understand the terms of service, so here is Coinbase wallet Review
You can choose which cryptocurrency you want to trade like BTC or ETH but not both at once. Also you can do some currency research. Only one account can be used for trading all that is required in a single account. No multiple accounts. All trades must be done in your own wallet. You can connect any bank account as well. As soon as a wallet is registered, you receive 5% as referral fees for every customer who buys from you using a referral link. Referral links use our proprietary database to identify those users who are good paying customers with them. In general, you will also need a valid email address if that’s what our partners offer to send your referrals.
Here is a list of some of my favorite features that I love the most in the App:
It works on Android, iOS phones too
The easiest way to spend money
Decentralized crypto trading with no technical barriers
What is Coinbase Wallet?
Coinbase Wallet has been created by Coinbase for this purpose, this means that they have put a lot of effort into making sure it’s one of their best mobile applications and it works seamlessly across platforms (Android & iOS). If you’ve heard a little bit about Bitcoin and want to try out, then check it out here.
What does the program provide?
You can download this App on any platform and have complete access for free. It’s like a full-fledged investment company which provides you with the tools you need to start investing right away. Here is how you can go up:
Sign up for an account on Coinbase. Use it by selecting your country you’re going to start trading. Once you have done that, open the App on iPhone (or iPad) with two fingers and sign in with two fingers, select “Create Account Now” and tap on the green button to create your first account. When you click on next you get notified of your password being updated. Go ahead and let me know which ones you want to connect to your account on Twitter or Facebook to start trading. On the same page you can find a small screen where you can see it in action, you can click on that and it generates an alert box where you can copy the username/password of someone or choose “Search Customer Accounts” and find new ones. This is just a quick explanation, the rest goes straight through the application. To be honest we don’t have anything to say but this should have a very interesting story to tell about how it works.
What are the advantages over Coinbase?
Before I started trading cryptocurrencies, I used Robinhood and I thought that this was one of the better ways to start trading and earning money, however I realized that the process of buying, selling, trading and managing coins is much more difficult, especially when you want to do it by yourself. So I moved on to another platform and that time I decided to use Kraken. There was only 1 problem: I needed to have 2 separate accounts setup, one as a buyer. And that made things complicated. When you buy a coin for example, you need to keep track of everything that happens while you buy/sell which you won’t be able to do right away. If that’s the case, people who want to be the first one to buy the bitcoin will end up having to wait a long time. That’s why you have to have several exchanges. At times you can buy multiple bitcoins on different locations using different banks to avoid unnecessary hassle. By using the Coinbase Wallet you can store your bitcoin anywhere you want without worrying about space constraints. Another advantage is that unlike many others websites you actually see a real live person in front of you. On Coinbase, everyone is standing there, waiting for you to join the exchange. Everyone is waiting for you to move BTC from your wallet to theirs and back. With Kraken you can take your cash out, and when you want to sell it you don’t have to worry about holding a physical coin as Coinbase does. Not everyone wants to spend $0.01. There are some people to pay it to, but we have found that using Coinbase wallet makes it easier to move and sell even if you don’t know where it’s going to come from, without wasting a penny. Another thing is that if you want to sell a coin and you don’t know where it’s coming from you have to give it a second chance, that gives it the power of a brand new coin.
What are the disadvantages?
When I traded cryptocurrencies previously I made mistakes because you had to be careful about where you want to move the coins. When the price went down it would get harder to sell and you might lose it. A lot of people prefer taking profits at times, when we lost money it always felt devastating and painful. It would feel terrible not knowing what happened and that’s why I always want to give maximum credit where possible. One disadvantage that I didn’t think about was the fact that you can’t withdraw money until you reach the minimum balance you set. My biggest concern was whether I’d have enough coins to buy a transaction. After that the majority of the people on Kraken seem very nice and helpful. Most of them understand what they’re doing and want to help you a lot. They tend to be genuine and are willing to help you reach your goals as quickly as they can. Overall we only went through 50 transactions to deposit and it made us more comfortable as I didn’t have to deal with high risk and low reward trades. We just took the opportunity like anyone else and tried to grab it when it came our way. The majority of the time when we had more than 10K they were not active and in those cases we had to follow the instructions to deposit again. For other cases we used apps that were completely irrelevant and took us up with the promise of a great return.
What are the benefits
You have total control by choosing what you want to do and when it comes to everything. You have full freedom to decide at home, so whenever you want to travel or have any fun you can do it because nobody knows where you’re going. You stay anonymous. This is very important when choosing a project that you want to work for because everybody in the world wants to be trusted. You can easily switch accounts, and it doesn’t matter where you want to move all of your funds. Trading cryptocurrencies is like gambling… everybody has to play. Don’t have lots of money to gamble on? Coinbase Wallet is perfect for you, it allows you to invest and trade. You can choose what you want to do with it, choose what you like and don’t have to waste your money on useless investments. Just select your location and go with the flow.
What are the drawbacks?
The main drawback is that none of its features are available outside the US, Europe or Asia. It has certain restrictions for countries that it restricts from using the blockchain technology. Another drawback is the amount that I will put in, a big negative for people looking for instant gratification. Some may see the potential in it, but at the moment we haven’t been successful yet at generating revenue or making a profit and you need to stay patient.
What should you choose?
I don’t recommend using this thing unless you really know what you’re doing. People will want to try it, but it definitely not the best idea to become a professional investor overnight. What it can do for you is start trading right now and build up what you have. That’s all you need to do. Let the market unfold and learn the ropes instead of jumping straight into it. Investing in cryptocurrencies is a crazy business, you never know when something could happen. However if you find it necessary and it comes along with a positive mindset, it’s worth it. Follow my advice and buy BTC (Bitcoin) today. Your life is depending on it…
So I hope this article helped you and I hope I could have done a good job explaining everything to you. Thanks for reading and after reading this, I hope you got a fair idea of what cryptocurrencies mean and how powerful they can be. Finally, remember you can use your social media buttons to send me a message when you are interested in any content I write, I have already written about it here. In this post I want to emphasize again that I made a mistake when starting the blog… but I promise to be better about it later on.Also read this post here.