[Boxue Valley Learning Record] Super summary, share with heart | Product Manager Project Competitive Product Analysis
foreword
Competitive analysis of coingecko
1. Coinbase
Basic Information
Founded in 2012, Coinbase is an American bitcoin and other digital currency trading platform.
On the morning of January 21, 2015, according to the U.S. "Fortune" report, Bitcoin company Coinbase raised $75 million in Series C financing, which was the largest financing received by Bitcoin companies as of January 21, 2015.
On April 14, 2021, Coinbase was successfully listed on Nasdaq
advantage
Coinbase can be traded in more places than many cryptocurrency exchanges. The platform is available in more than 100 countries around the world. It's even available in New York, which isn't something that can be said for all crypto exchanges. In 2017, they became only the second firm to be licensed to trade Ethereum by the New York State Department of Financial Services, and the first to be licensed to trade Litecoin.
Coinbase is one of the most intuitive and easy-to-use crypto platforms available today. The layout on the browser site is clean, simple and easy to understand. It offers a variety of deposit and withdrawal methods and has one of the top mobile apps in the industry. The user-friendliness of Coinbase has attracted many users to the platform.
Coinbase takes security very seriously. They suspended trading several times when they discovered a breach that could signal an attack on the exchange. In 2019, Coinbase employees were hit with a high-profile phishing attack, but the site itself was never hacked.
shortcoming
Coinbase's fee structure isn't the highest you'll see on a cryptocurrency exchange, but it's higher than many of its competitors. But for larger traders, the company does offer Coinbase Pro. This sister platform offers market takers and makers a straightforward and simple fee sliding scale based on volume.
There are thousands of cryptocurrencies in the market today, but hardly all of them are available on Coinbase. Depending on your location, you can usually trade 50 or fewer cryptocurrencies through Coinbase at any time. They do offer the most popular cryptocurrencies including Bitcoin, Ethereum, XRP, Litecoin, and more.
To use the platform, you will need to verify your identity in a number of ways. You'll need to confirm your email and phone number, and in some cases, add your driver's license or ID. While this may be a comforting security measure for some, for some, part of encryption is anonymity, and Coinbase doesn't allow you to transact anonymously.
While Coinbase is the most popular exchange today, it's far from the only one. If you're turned off by any of the cons that come with Coinbase, aren't too enthusiastic about the pros, or just want to compare and contrast exchanges to see which feels best, there are many options available.
Compare with coingecko
Coingecko mainly does the work of data collection, but Coinbase is an exchange, and the information on currencies is more comprehensive and accurate than that of Coingecko. But there is only currency information, and, as the largest and most trusted exchange in the world, coinbase chooses to issue many small coins in coinbase;