e-Commerce web services can connect to Coinbase in order to realize the possibility of purchasing goods and services on their site using bitcoins, ether, bitcoin cache and other popular coins. The purchase and sale of coins is integrated as a normal trading interface. In 2015, the centralized GDAX exchange (formerly Coinbase Exchange) and the decentralized Paradex exchange in 2018 were launched. Insurance does not cover cases of loss of money due to the user's fault. The amount of coverage depends on the country, for example, for residents of the United States it is 250 thousand dollars. If users lose money due to a violation of the physical security of a web service, cyberattacks, or employee theft, the company will compensate for the damage. The stored in Coinbase online wallets cryptocurrency is insured.
And this was only the beginning, in the next years the possibilities of the site were constantly expanding:
However, by the end of this year, the service had the opportunity to safely buy digital currencies without the need to switch to third-party services.
SETTING UP COINBASE APP HOW TO
Next, we’ll look at the capabilities of this platform and tell how to create a website like Coinbase yourself.Īt the time of launch in 2012, the Coinbase website was an online wallet where you could store some of the most popular cryptocurrencies. Coinbase is an online platform for buying, selling, transferring and storing digital currency, which has become popular due to its ease of use and ever growing functionality.