Coinbase is one of the largest cryptocurrency exchanges globally with an outstanding track record. It works best for all crypto users in the United Arab Emirates (UAE), including professionals and beginners. Since 2012, the exchange has been ideal for sending and receiving cryptocurrency such as Bitcoin, Ethereum, Dogecoin, Litecoin, XRP, etc.
Features of Coinbase
Security
Coinbase uses multiple methods to ensure the safety of your account. Coinbase uses mandatory two-factor authentication (2FA), cold storage, and multiparty computation (MPC). Many of the digital assets are stored securely offline, while the assets kept online are protected using MPC. With MPC, cryptographic keys required for on-chain transactions are generated in parts. This process makes it nearly impossible for attackers to steal your crypto, as they cannot combine all the necessary keys.
Advanced Trade
Advanced Trade provides experienced users with tools, security for their trades, and access to real-time order books. This platform is a significant upgrade from Coinbase Pro, the company’s previous advanced trading platform. Advanced Trade offers several advantages over the main Coinbase platform. These benefits include lower trading fees, advanced TradingView charts, and advanced order types. However, the extensive feature set may be overwhelming for you. If these advanced features aren’t relevant to your needs, the standard Coinbase platform might be the better choice.
Coinbase Wallet
Coinbase offers a wallet that serves as a perfect alternative for users who prefer a more interactive mobile platform. Unlike the website, the wallet is non-custodial. This means that you must securely store your login details to avoid permanently losing your assets.
Coinbase Learning Rewards
Coinbase rewards you for learning about crypto with its learning rewards feature. You can earn cryptocurrency by watching videos and completing quizzes. Currently, the courses are available for a select number of protocols. You will get rewards in the form of the currency featured in the course content. For instance, completing the NEAR Protocol course will earn you $3 in NEAR coins.
Final Words
Coinbase has some exciting and useful features for users, even if you reside in the UAE. Some of the features you get to enjoy are Coinbase Wallet, Advanced Trade, excellent security, etc.
Frequently Asked Questions
Is Coinbase Safe And Legit?
Coinbase is a secure exchange suitable for traders at all levels. It has numerous positive reviews.
Which are the Alternatives to Coinbase?
Some of the alternatives to Coinbase include Binance, ByBit, Gemini, etc
Is Coinbase Good for Beginners?
Yes, Coinbase is an excellent choice for beginners. Anyone with an internet-enabled device can easily navigate Coinbase’s interface and trade cryptocurrencies.
What are the Most used Crypto Apps in the UAE?
Some of the most used crypto apps in the UAE are Binance, Zengo, OKX, etc.
Which are the Best Bitcoin Wallets in the United Arab Emirates?
Some of the best Bitcoin wallets in the UAE are Zengo, Trezor, Trust Wallet, OKX Wallet, etc.
What is the Best Way to Buy Crypto in the UAE?
The best way to buy crypto in the UAE is to use a crypto exchange such as Coinbase, Binance, Toro, and Uphold.
What App Does Dubai Use to Buy Bitcoin?
Some of the apps, crypto exchanges, and Bitcoin trading platforms in Dubai are Coinbase, eToro, OKX, Binance, OKX, ByBit, etc.
