What is Coinbase?

Coinbase is the world’s largest Bitcoin broker based in San Francisco. It was founded in June 2012 by Brian Armstrong and Fred Ehrsam. Beside Bitcoin brokerage, Coinbase offers a developer API, exchange, and wallet.

crypto exchange

As of 2017, the platform is available to users in over 30 countries. Supported payment methods can very depending on the country, but they usually include buying Bitcoin through a bank account, SEPA transfer, Interac Online, etc.

Acquiring Earn.com

In April 2018, Coinbase acquired Earn.com. It’s a portal that uses blockchain and allows people to make money by answering emails or completing other tasks, for more than $100 million. It was Coinbase’s fifth acquisition to date and largest to that moment. It was also the company’s opportunity to fill out the CTO role by bringing Balaji Srinivasan on to the team.

Earn.com

Coinbase brought its valuation to $8 billion through funding

Coinbase had nine funding rounds starting in September 2012. According to its website, through these funding rounds, the platform raised $525.3 million total.

On October 30, 2018, the platform announced on its blog, that it had raised $300 million in series E equity funding from various venture capital investors. Just before that, in August of the same year, Coinbase managed to raise $100 million in a series D funding round.

Sign up on Coinbase and get $10 for free

The platform has an excellent referral program, which means that you earn a bonus for each successful referral registered to your account. Here is what Coinbase says about its referral program:


If your friend visits coinbase.com/trade and initiates a buy or sell of $100 USD or more (or 100 USD equivalent of your domestic currency) within 180 days of opening his or her account, you both will receive a 10 USD (or 10 USD equivalent of your domestic currency) referral bonus when the order completes. Orders can take up to 4 business days to complete.

You can share your referral link via Facebook and Twitter, or you can import contacts from your email provider.

Besides their referral program, Coinbase is offering a bug bounty with a $30,000 reward for reporting a critical error.

Final words

Coinbase is known as a platform suitable for both advanced investors and for beginners making their first steps in crypto space. It’s simple and easy to use, plus it has a relatively low fees.

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