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Coinbase NFT, a peer-to-peer marketplace will make minting, purchasing, showcasing, and discovering NFTs easier than ever. By enabling more people to join the creator economy and profit from their work, NFTs have an important role to play in this mission. Their impact is already being felt.
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NFT artists have shaken-up the traditional art world. Industries such as fashion, gaming, and music are recognizing the power of NFTs to unlock new forms of creativity and ownership. But if you’ve tried to create or purchase an NFT, you’ve probably found the user experience lacking. Just as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way — Coinbase wants to do the same for the NFTs.
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Coinbase users can trade on two platforms: the original Coinbase platform, which allows users to use U.S. dollars to purchase cryptocurrency, and Coinbase Pro. Formerly known as GDAX, Coinbase Pro has advanced charting functions and allows users to make crypto-to-crypto transactions, as well as place market, limit and stop orders.
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Cash balances stored in Coinbase accounts are covered by FDIC insurance up to a maximum of $250,000 per customer. Two-factor authentication (2FA) is required on all Coinbase accounts for added security. You also have the option of whitelisting withdrawal addresses so your crypto can only be withdrawn to addresses on your whitelist.
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Coinbase stores 98% of their users’ cryptocurrency funds offline in a cold-storage wallet to ensure its security from theft or loss. The cold-storage wallets are kept in safety deposit boxes and vaults around the world. The Coinbase website traffic runs over fully encrypted SSL, and user’s wallets are stored using AES-256 encryption. In other words, Coinbase is very secure.
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Coinbase is one of the most established cryptocurrency exchanges in the United States and, with almost 100 million verified users, one of the largest in the world. Whether you’re an experienced trader or just getting started, Coinbase has all the tools you need to buy, sell, and store cryptocurrencies.
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