Is using Coinbase a good idea when you want to buy bitcoins in Canada?

to buy bitcoins in Canada

As the popularity of Bitcoin, the world’s most famous and most valuable cryptocurrency, rises, the number of places where you can buy, sell and trade this cryptocurrency is growing too. Yet, there are a few places where Bitcoin investors from Canada can buy bitcoins without worrying about scams and other problems. One of these places is Coinbase.

Today, Coinbase is the biggest bitcoin broker on our planet. This website also serves as a bitcoin wallet too. Their story started in 2012 and ever since then the website keeps growing just like Bitcoin. Every internet user can become a member of Coinbase, but buying and selling bitcoins is available only to the citizens of 32 countries including Canada. The other members can buy Bitcoins, but they cannot trade them.

Due to the fact that this is one of the largest brokers for this cryptocurrency, it is quite natural that there are many positive and negative reviews. However, if you do some research, you will notice that the vast majority of Canadian users are satisfied with the way this company works.

It is worth mentioning that Coinbase users have made exchanges that exceed 6.5 billion dollars. There are over four million members of this website. One of the main reasons why people prefer Coinbase is the fact that it’s very easy to use this platform. Even if you have never traded bitcoins before, it won’t take more than a few minutes to figure out how to do this. You don’t have to be some sort of a tech fan to get the job done. On top of that, we should not forget to mention that Coinbase allows users to sell and buy other cryptocurrencies too like Ripple and Ethereum.

Canadian users can buy bitcoins with their credit cards and debit cards. Verified cardholders can opt for instant purchases. Bitcoin also provides API for developers which is another big advantage. If you are worried about the seriousness of this company, keep in mind that Coinbase has made a few partnerships with land-based banks. Coinbase provides three different kinds of wallets – Bitcoin wallet, Coinbase vault, and Multisig vault.

All in all, Coinbase is an excellent Bitcoin broker. It is especially useful for those looking to buy bitcoins. If you are based in Canada, you should know that you won’t find many other options like Coinbase.