It is a privately owned American company that is well known for serving in digital currency exchange business. It is active in around 190 countries and deal with buying, selling, transferring, storing and managing out digital currency in the most easiest and trusted way by setting a secure platform for it.
The company is headquartered in San Francisco, California and works with broker exchange of Bitcoin cash, Bitcoin, Ethereum, Ethereum Classic and Litecoin with fiat currencies in 32 countries generating around US$1 billion in financial year 2017.
About its history
The company came into existence in June 2012 by Fred Ehrsam and Brian Armstrong and managed to launch their services in October 2012 through bank transfers. The company soon received a huge amount of investment from capital ventures thus turning from one to million users on graph. They upgraded their technology in 2014 by acquiring blockchain explorer service Blockr and the web bookmarking company Kippt to launch their vault service for secure bitcoin storage. Also they pursued to move
on in partnership with traditional payment companies to add bitcoin payment processing capabilities.
In 2016, they rebranded the Coinbase Exchange service launched in Canada to Global Digital Asset Exchange (GDAX) for adding retail support to Ether. In 2017, they managed to get the BitLicense to trade in Litcoin and Ethereum from New York State Department of Financial Services.
Now they have added up investment in Compound Labs, which is a start-up for Ethereum smart contracts to money markets. The company in March, 2018 got ranked 272 on Alexa list.
Are they safe to use and how much they charge for service?
It holds license in all districts in which they operate and is at top backed by major US investors and is not a scam. Thus it is absolutely safe to use. They mostly charge the fee which automatically gets subtracted from the amount entered to arrive at the total whereas there is also another method to avoid Coinbase fees by sending crypto from GDAX to any other wallet without paying any extra from your pocket. Also, for making transactions the fixed fee of $2.99 that covers up transaction up to $200 within Coinbase whereas have the variable fee of 1.49% for $201 and above.