What is Coinbase?.

CryptoBozz - As a lover of crypto coins such as Bitcoin, Ethereum, Litecoin, Dogecoin and other cryptos, We need to know what Coinbase is called.

Coinbase is a wallet where you can store various types of cryptocurrencies online. Apart from being a crypto storage wallet, Coinbase is also a cryptocurrency exchange broker.

With Coinbase Wallet, we can safely send, receive and buy bitcoin transactions. Apart from that, we can also trade with several other currencies available on Coinbase. Coinbase is different from other traditional cryptocurrency exchanges because at Coinbase we can buy crypto using fiat currency.

How to Use Bitcoin?.

Below is an excerpt on how to use Bitcoin which we took from the site Coinbase.

Back in 2013, a bitcoin enthusiast named Laszlo Hanyecz created an online discussion forum offering 10,000 BTC - which at that time was worth about $ 25 - to anyone willing to ship two pizzas to his home in Jacksonville, Florida . According to legend, the two pizzas, bought by another early adopter of bitcoin from Papa John's, marked the first successful purchase of non-virtual goods using bitcoin. Fortunately, it's much easier to use bitcoin nowadays!.

It's simple: Transactions using BTC are not much different from transactions using a credit or debit card, but instead are asked to enter card information , You only enter the payment amount and the vendor public key (similar to an email address) via the wallet application. (When transacting yourself using a smartphone or tablet, often a QR code is displayed to simplify the process - when you scan the code, your wallet app will automatically enter the relevant information.)

It's Private: One of the benefits of paying with bitcoin is that it limits the amount of personal information you need to provide. The only time you need to provide your name and address is if you purchased a physical item that needs to be shipped.

Flexible: What you have to do with bitcoin depends entirely on your personal interests . It looks like this:

You can sell it for cash using a Bitcoin exchange or ATM.

You can spend it online or at physical retailers like any other currency using a Bitcoin debit card.

You can hold some or all of it as part of your investment and savings strategy.

You can choose to donate it to a non-profit organization that pleases your heart (see GiveCrypto.org).

And do you have a big budget and dreams as an astronaut that haven't been realized? Richard Branson's Virgin Galactic is happy to be paid with BTC for the opportunity to fly on one of the future space travel missions.

Due to the cryptographic nature of the Bitcoin network, bitcoin payments are fundamentally safer than debit card transactions/standard credit.

We think the explanation above is sufficient and understandable. And it's time for those of you who don't have a bitcoin wallet on Coinbase, immediately create one by clicking REGISTRATION.

That's a little information about What is Coinbase ?, and how to use bitcoin?, Hope it is useful ...