coinbase with only 4

in #bitcoin • 7 years ago

i have seen that coinbase is very much popular wallet
so people use this for crypto currency
but few days ago they supported 3 types of coin
and they added another one.
BTC
BCH
ETH
LTC

Screenshot_1.jpg

so they doing the transactions of this 4 crypto currency coins.

Here i have some questions.why they accept only this 4.rest of them are trusted of not?

#steemthat #cryptocurrency #promo-steem #coinbase
7 years ago in #bitcoin by
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     7 years ago 

    Each "exchange" is fundamentally a business and to do well in business you must choose a part of the market where you can focus. Coinbase appears to have chosen to focus on providing exchange from fiat (US Dollar) to the dominant cryptocurrencies. Many users will buy their BTC or ETH there and then transfer to their own wallet (paper wallet, hardware wallet or web based wallet). Or they may transfer their coin to an exchange that offers alt-coins. Major exchanges like Bittrex and Poloniex broker hundreds of different coins.

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    • Past Payouts $0.42, 0.00 TRX
    • - Author $0.42, 0.00 TRX
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     7 years ago 

    Crypto is heavily regulated in the states right now. also with the Bitcoin cash inclusion in the coinbase fiasco (insider trading), it seems coinbase isnt going to be adding any new coins for awhile.

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       7 years ago 

      resteemed your post @shariaislam
      I offer free resteem for all.

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