Coinbase, a secure online platform for buying, selling, transferring, and storing digital currency with a mission to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency, which also stands as the biggest cryptocurrency exchange in the U.S., is in the process of testing out a new subscription service.
According to a verified source, Decrypt, the News of the service leaked as some Coinbase users prematurely received access to the beta version of the service which will be called Coinbase One. Coinbase told Decrypt that it is indeed working on such a service and that it will only be available to a handful of users to start with.
What is Coinbase One beta?
The features with which the Coinbase One beta is set to disrupt the space are quite massive. To start with, there will be $0 trading fees to its broad base users which will also take their portfolio to the next level. The platform will further have dedicated 24/7 phone support where users can Speak directly with a Coinbase One beta team member for help with any issue that may be encountered.
Going further, there will be a $1M Account Protection which is set to help users have their peace of mind knowing also that their account(s) is protected from unauthorized access (However, Coinbase has stated that this particular feature will be available to a selected few)
How to join Coinbase One beta
Joining this eco-friendly system can be done in simple steps. To get started, users will be notified via email or the Coinbase app of eligibility to sign up and that will in some way relate to if such person is a part of the beta launch.
If such a person is part of the beta launch, Coinbase One beta will be listed in the user’s settings when the user signs into the Coinbase account from a web browser. After signing up, the account will be charged a recurring monthly payment which the users can look up the Subscription Management in the Settings panel for the next billing date to know when due.
Why Coinbase remains Viable: Build with Us.
Clients have used this comprehensive platform from the company to execute some of the largest trades in the industry (which includes its work with Meitu, Microstrategy, and One River) because of its stalwart reputation as a publicly-traded company and its experience with trading and custody crypto assets at scale.
As an extra feed, Coinbase is unique in providing institutional clients access to a wide breadth of assets for trading and custody, and to this end, one key thing to note before we wrap up will be that the platform has been uniquely designed in such a way that doesn’t permit data sharing. Knowing the extent to which this will serve as a problem in the event of any data breach, the company has disabled that feature making it possible for only one access which should be the main User.