Cryptocurrency exchange with the highest transaction volume among cryptocurrency exchanges, Coinbase is an America-based cryptocurrency exchange with many cryptocurrencies and trading pairs, especially Bitcoin and Ethereum. The increasing interest in cryptocurrencies every day affects the hearing of new exchange names. In this article, we will provide detailed information about Coinbase, which is among the most reliable cryptocurrency exchanges in the world, and comprehensively evaluate all the issues you need to know about the stock market before registering. We will also talk about Blockchain-based games which allow players to earn crypto money as they play, paving the way for a new era in the field of gaming. Let’s get started.
All You Need To Know About Coinbase And Crypto Games
Of course, Coinbase is not a new platform, it is one of the first cryptocurrency exchanges. However, with the new discovery of the crypto world, new investors are looking for different and more advantageous exchanges. Of course, they also wonder whether the stock market they will enter is reliable so that investors can protect themselves against fraudulent events.
What is Coinbase?
With a daily trading volume of $2,343,240,133, Coinbase is the third largest trading platform in the world in terms of the trading volume. The platform, which provides cryptocurrency trading services based in the USA, can also be used from other countries. Addressing 5,211,518 visitors per week, Coinbase officials announced that they are a platform with more than 10 million users with a transaction volume of 50 billion dollars, according to their latest statement. The exchange, which can be traded on Ethereum, Bitcoin Cash and Litecoin for different cryptocurrencies, has managed to become one of the leading names with its privileges for user security and user benefit.
Unlike other digital platforms, Coinbase is a platform with an easy and understandable interface. In other words, you can easily trade cryptocurrencies on the stock market without any special knowledge.
How to register on Coinbase?
The Coinbase registration process is more convenient than other platforms. After entering the main page of the site, click the “Start” button, enter the necessary information on the page that opens and complete the registration process easily. After completing the registration process, confirm your account by clicking the link sent to your email. After you pass the KYC verification (authentication) stage, you can start using your account.
How to use Coinbase?
After completing the Coinbase registration process, you need to log in to your account and create your capital by connecting your debit or credit card. Although this process proceeds in the same way on other exchanges, we can say that the convenience offered by Coinbase is simpler than other platforms.
There is no debit or credit card required when linking your card to the account to trade on Coinbase. However, as users have stated, it is healthier to connect a credit card. Because Coinbase deposits with a debit card can sometimes take as long as 2-4 days. But you can buy cryptocurrencies instantly from Coinbase with a credit card.
Of course, making transactions from Coinbase with a credit card makes a significant difference in terms of speed. However, there is a downside to buying Bitcoin with a credit card. Coinbase limits the purchase of cryptocurrencies with a credit card to $200 per week. In the debit card, this limit is set as 2500 dollars. In other words, it would be more accurate to decide whether a credit card or debit card is better for purchase, according to your own budget and the capital you want to create.
Is Coinbase trustworthy?
For cryptocurrency investors, the reliability of an exchange is paramount. Unfortunately, cautious approaches to crypto exchanges continue to increase day by day due to the lack of full confidence due to the fact that it is a new sector, the stock market hacking events, or the fraudulent exchanges such as Thodex and Vebitcoin that disappeared without giving any support to their customers. However, there is no harm in saying that Coinbase is definitely one of the most reliable cryptocurrency exchanges in terms of security.
Coinbase stores 98 percent of data in offline wallets to protect user assets. This application is an important application for users to feel more secure. Apart from this, Coinbase also takes an important precaution against the loss or theft of the remaining 2 percent of the assets in the online wallet due to a possible reason. Coinbase offers insurance services to its users. In other words, in case of theft or hacking of the money, the assets of the users are returned in a short time by being covered by the insurance.
Of course, there are many features that the platform offers in the name of security. All accounts up to $250,000 on Coinbase are covered by insurance. In addition, if special security measures such as 2FA (two-step verification), SMS verification, and mail verification are taken as an investor, the use of Coinbase can become much more reliable.
Considerations while using Coinbase
Being one of the world’s leading cryptocurrency exchanges, of course, is advantageous in terms of using Coinbase in terms of trust. However, unlike other cryptocurrency exchanges, some situations in trading are seen as disadvantages for coinbase. Therefore, there are some important details to consider when using Coinbase. So what are they?
In order to be able to trade on Coinbase, it must be approved by the Blockchain network. This situation can sometimes take a long time, and at the same time, the approval of the sale transactions is determined not by the price at the time you open the transaction, but by the price in the time frame approved by the Blockchain network.
The payment system on Coinbase is also worse than other cryptocurrencies. According to the statements of its users, payments can sometimes take a very long time, which is not good for users.
Every cryptocurrency exchange has its advantages and disadvantages to its users. You can see this when you look at the information we provide about Coinbase. Although there is no problem at the security point, it is a negative situation for a crypto money exchange with the highest transaction volume in the world, that there are problems such as the need to confirm the purchase and sale transactions over the Blockchain network or the late payments. For this reason, before investing in crypto money, you need to have detailed information about the intricacies and user agreements of the exchanges.
The Future of the Gaming Industry: Games That Earn Crypto Money As You Play
With the pandemic enforced lockdowns, the online gaming industry has grown much more than expected.
The online gaming industry has been on the rise for the past few years, and for good reason. From a global pandemic pushing an online revolution to ever-increasing mobile and internet penetration, more people are spending more time online.
With over $20 billion in revenue for 2020 alone, it’s no surprise the industry has grown so much. With an estimated 1 billion online players currently active worldwide, experts predict the numbers will reach 1.3 billion active players by 2025. These games reward you with crypto which you can trade on platforms like quantum ai.
The industry-leading game: Axie Infinity
Axie Infinity is a game that pioneered play-to-win games thanks to its growing popularity with one million players playing it every day. The astronomical success that Axie Infinity has had is mostly due to the fact that players can earn real money while playing. Axie Infinity is an Ethereum-based game that includes a player versus player (PvP) mode as well as a player versus environment (PvE) mode.
Free cryptocurrency card battle game: Gods Unchained
Gods Unchained is a free-to-play card battle game where players buy and sell rare and valuable cards to defeat their in-game foes. A close clone of Blizzard’s hugely popular ‘Hearthstone: Heroes of Warcraft’ game, Gods Unchained offers the game a crypto edge, thus giving Blizzard’s players a familiar introduction to crypto and blockchain technology. The cards in the game are built on the Ethereum blockchain, thus providing real ownership where players can trade their cards on secondary markets.
NFT winning game: Along with the Gods
Built on the Polygon blockchain, Along with the Gods is a role-playing P2E game that rewards players in NFTs and cryptocurrencies. The game revolves around powerful action heroes of five classes. Each hero has different attributes, skills and special abilities to be used in battles. Players are expected to form teams of heroes of their choice and strengthen them while using different strategies to win battles. All in-game items are built as NFTs on Polygon’s blockchain, thus providing better transaction certainty and cheaper transaction costs.
What will be the next step for the gaming industry?
It is clear that P2E blockchain-based games will shape the future of the industry. These games give players more control over the in-game assets they work tirelessly on, as well as the opportunity to earn cryptocurrency and NFTs to make a living while playing. What do you think about it?