After a multitude of YouTube “explained” videos and actually purchasing a book on Amazon, the Cryptocurrency Investment Bible, I decided to simply get started by opening a Coinbase account. It was really easy, all I had to do was sign up and after verification of my identity and linking my bank or credit union account, I was off to the races. On Coinbase, you have access to purchasing of Bitcoin, Bitcoin Cash, Ethereum, or Litecoin, despite any current YouTube crypto-community vlog channel network of rumor control central. Thus far, all rumors of other alt-coins coming to Coinbase to raise the value of your flea-bitten dog-coins are simply that, rumors, which is just a nice way of saying unsubstantiated bovine excrement, A.K.A., “bullshit”, so don’t buy into it so easily. Heads up, I would recommend that if you’re going to get in on some of the action that you want to do your own research and don’t go believing just any YouTube Yahoo calling himself the crypto king or something or another, nor any Internet know-it-all-jackass like myself. Seriously, just because I’m a know-it-all-jackass who thinks he’s right all the time, doesn’t mean I know what in the hell I’m talking about.
Here’s the thing, though… With Coinbase, understand that it’s essentially just a wallet. You could call it a warm wallet, and you do your trading on GDAX,
but pretty much you’re only trading within what’s already available on Coinbase. Your advantage with Coinbase is that you can put fiat currency (USD$) directly into your USD wallet and you can keep your eye on the market before actually purchasing your cryptocurrency. Personally, I prefer Litecoin over either Bitcoin or Ethereum, mainly because it’s cheaper and faster to send. Ultimately, once I have my Litecoin, it’s usually bye bye Coinbase for us, because they seemed to thumb their noses at the Altcoins, which is where those crazy wild wild west frontier cryptocurrency fortunes are out there to be made. However, I just read that GDAX has recently rebranded itself as Coinbase Pro, and Coinbase recently acquired Ethereum startup Paradex, which is a decentralized exchange that gives cryptocurrency owners more ownership of their own coins. Sounds good to me thus far, you? We’d love to hear your views.
Up next, ALTCOIN INVESTMENT.