- Coinbase will also require you to fill out some information regarding your employment status before moving on to account verification.
- Unfortunately, it doesn’t work so well for Canadians, due to several limitations.
- It’s convenient for paying people in crypto quickly and easily.
- It is one of the oldest crypto wallets that I use for a long and will use in future too.
Besides having such a high trading volume, Coinbase also offers a large database of cryptocurrency assets and has a comprehensive mobile app that makes trading easy. Bitcoin is recognized as the gold standard in cryptocurrency. Many often perceive it as the best and most famous crypto coin. Ethereum is a close rival, but Bitcoin remains prevalent in the industry. It has lots of name recognition among cryptocurrency beginners and experts.
Do I need my own crypto wallet for Coinbase?
You are also limited in the amount of cryptocurrency that you can purchase, only about $400 CA per week. Although Coinbase is widely popular around the world, it does have quite a few limitations for Canadian users. On top of that, there are very low limits on how much crypto you can purchase per week. That said, if having access to a huge amount of altcoins is essential to you, then you may still want to consider Coinbase. When you compare cryptocurrency platforms, many of the other Canada-based platforms have a limited database of tokens to choose from.
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