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

this video here was sponsored by coinbase coinbase recently released one of their latest most highly anticipated new features called coinbase Advanced trade now this here allows you to buy crypto with much better fees but most importantly this feature will give you access to even more tools and insights so in this video I'm going to be sharing you ... Read More

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.