My 5 Year Journey Using Coinbase (Ultimate Beginner's Guide) | Summary and Q&A

TL;DR

Coinbase Advanced Trade is a new feature that provides users with access to better fees and a range of tools and insights for cryptocurrency trading.

Key Insights

• 🤱 Coinbase's Advanced Trade feature provides users with access to better fees, technical trading tools, and educational resources.
• 🥹 Patience, holding investments, and conducting thorough research are essential elements for growing a crypto portfolio.
• 🧘 Dollar-cost averaging is a recommended strategy to build positions during market fluctuations.
• 🦺 Coinbase's transparency, trustworthiness, and safety measures make it a reliable choice for cryptocurrency trading.
• ™️ The Advanced Trade feature simplifies the trading process by providing an all-in-one platform for technical analysis and executing trades.
• 😥 Users can set specific parameters for buying cryptocurrencies, including desired price points and execution timeframes.
• ™️ The trade management tab in Advanced Trade allows users to monitor and manage their trades efficiently.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: Is Coinbase a safe and trustworthy crypto exchange?

Yes, Coinbase is widely recognized as a transparent and secure platform. It holds customer assets and conducts strict financial audits to ensure safety.

Q: How did the creator grow their portfolio using Coinbase?

The creator started with a $100 account in 2018 and, through patience and holding their investments, saw significant growth in their portfolio value over time.

Q: What are the key features of Coinbase Advanced Trade?

Coinbase Advanced Trade offers improved fees, access to technical trading tools, a variety of indicators, order book analysis, and educational resources on trading strategies.

Q: How can users implement a dollar cost averaging strategy on Coinbase Advanced Trade?

Users can set up recurring purchases at specific price points, allowing them to stack up their cryptocurrency holdings over time, even during a bear market.

Summary & Key Takeaways

• Coinbase recently launched Advanced Trade, a highly anticipated feature that allows users to buy crypto with improved fees and gain access to additional tools and insights.

• Coinbase is known for its transparency, trustworthiness, and safety measures, making it a popular choice among crypto exchanges.

• The video highlights the creator's personal experience using Coinbase since 2018 and how they grew their portfolio over time.