How Can You Buy Coinbase Stock

Want exposure to the crypto market without directly investing in cryptocurrency? Consider investing in Coinbase. This guide will analyze the most important facts about the crypto trading platform, as well as explain
how to buy Coinbase

stock. In addition, we will become through the risks involved and provide you with an overview of the all-time brokers to use.

What is Coinbase?

Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam as a place to conveniently and securely send and receive Bitcoin. Today, the company has grown to support dozens of unique cryptocurrencies. The firm operates every bit a distributed company (employees engage via remote work) with no physical corporate headquarters.

The crypto platform is available in more than 100 countries, and users trade roughly $159 billion per quarter. The bulk of revenue for the company is generated by charging transaction fees for trades on the platform.

Today, Coinbase has
108 one thousand thousand verified users
(every bit of Q3 2022), increasing nearly four-fold between 2018 and 2022 as involvement in cryptocurrency skyrocketed. The almost significant gains can be seen from Q4 2020 upward til Q4 2021 during the cryptocurrency bubble.

Coinbase IPO: when did the company go public?

Coinbase went public in Apr 2021 at the height of a crypto market balderdash run. The company eschewed the traditional IPO process, listing its stock directly by allowing employees and existing shareholders to sell shares directly to the open market. In pursuing a straight listing, Coinbase IPO followed tech giants such as Spotify (NYSE: SPOT) and Slack, which helped standardize the process.

Coinbase was the starting time noteworthy crypto business to go public in the U.S., opening at $381 on the Nasdaq exchange, giving the cryptocurrency exchange an initial market cap of over $100 billion. Nevertheless, since and then (equally of November 2022), the COIN share price has declined by 88% equally crypto markets have turned overwhelmingly bearish.

The Coinbase stock symbol is COIN, and information technology trades on the NASDAQ exchange. You can acquire Coinbase stock via multiple brokers, which we will overview later in this guide.

Stride-by-pace process on how to buy Coinbase stock

Coinbase is a publicly traded company, meaning you tin purchase Coinbase stock through a broker. The steps involved in purchasing Money shares are outlined in the following section in detail.

Step i: Cull a banker

To buy Coinbase stock online, you’ll demand a brokerage business relationship. Several platforms are bachelor, only the right one volition depend on your investment style (long-term buy-and-hold strategy or active solar day trading) and needs (e.chiliad., whether you desire to merchandise more advanced fiscal products such as options). When evaluating brokers, consider the following features:

• Fees: Brokerage fees is a type of fee collected by brokers to execute your transactions or provide specialized services. However, today, the vast majority of online brokers offering committee-free stock and exchange-traded funds (ETF) trading;
• Security: Option a reliable broker by ensuring it is fully licensed by land regulatory government as well as FINRA and registered with the Securities and Exchange Committee (SEC);
• Trading tools:
  Active traders may want more out of their brokerage accounts. Some brokers offer fully customizable platforms with comprehensive analysis tools or access to boosted information for an extra toll. If such additions are unnecessary for your purposes, avoid paying extra for them. It’s usually a practiced idea to wait for an easy-to-utilise platform with a competitive fee structure if you are new to stock trading. A dedicated section with investing tips and tricks is a bonus;
• Access to market data:
  You lot should search for a platform that gives you lot access to solid market research and reporting tools to help you trade confidently with updated information;
• Fractional stock trading:
  Partial shares allow investors to buy stock or ETFs by the dollar amount instead of the number of shares; particularly helpful for investors who don’t take express upper-case letter but want to build a diversified portfolio or are looking to gear up a dollar-price averaging strategy.

Besides, traders can opt for online, full-service brokers or discount brokers, every bit well as robo-advisors.

Where tin I buy Coinbase stock (Money)?

Access to the financial markets is easy and inexpensive, thanks to various online brokers. Even so, choosing the correct broker optimized for your needs (investing goals, educational tools, trading fashion) is paramount for a successful trading experience.

To securely invest in Coinbase and purchase COIN stock, consider these brokers:

1.
eToro

• Commission-free stock trading;
• 2,000+ stocks from 17 exchanges;
• Fractional shares bachelor;
• User-friendly platform.

ii.

Interactive Brokers (IBKR)

• Committee-complimentary stock trading;
• Global stock-trading on 90+ market place centers;
• Fractional shares available;
• Extra income on fully paid shares;
• Lowest financing rates for margin accounts in the industry;
• No account minimum.

Stride 2: Fund your account

Once you have selected a broker, the next pace is funding your trading account. Remember, it tin can sometimes accept up to three days for the funds to be deposited.

Step 3: Enquiry the company

When investing your money in the market, doing your research is crucial. If you desire to purchase COIN stock, go on an eye out for the current Coinbase stock price, besides as past price data, overall valuation, and visitor announcements regarding new launches or relevant news stories.

The best place to start your research on a stock is to go through its public filings with the SEC. Conveniently, Coinbase’s quarterly earning reports (form 10-Q), SEC filings, and letters to shareholders, also equally recent press releases, can be accessed directly from its investor relations department.

Suppose you’re relatively new to investing or have a depression tolerance for risk. In that case, there may be better stock choices for your portfolio, especially as Coinbase stock cost is closely interconnected to cryptocurrency markets, which are high-chance volatile financial instruments.

Step four: Decide how much y'all want to invest

Afterward y'all’ve done your research and determined that Coinbase stock is the correct pick for you, you’ll need to decide how much you lot want to invest.

The amount of coin you invest ultimately depends on the price and number of shares yous desire to purchase. If the share prices of stocks you’re interested in are financially out of reach, you can besides explore fractional shares. Fractional shares allow y'all to purchase a portion of a stock instead of the total share.

Because investing can have unpredictable returns, information technology’s crucial but to invest what you lot can beget to lose and to be mindful of your gamble appetite.

Step 5: Place your guild and purchase Coinbase stock

In one case you make up one's mind on the number of shares or the dollar amount you lot’d like to buy, you tin can place your order. If yous’re working with an advisor, tell them you’d similar to buy Coinbase stock and how much y'all can invest, and they’ll practise information technology for you. If you’re using a brokerage account, just log in and enter the ticker symbol COIN in the search bar.

There are a few unlike execution options to choose from, including:

• Market order: A market lodge is an order to purchase the stock at the current marketplace price that is more often than not executed immediately (discipline to availability);
• Limit order:
  A limit order is candy once the stock reaches your specified price. For example, imagine you want to purchase Coinbase stock at $xl or lower. You would and so set the limit price at $40, and the club will merely execute when the stock reaches the set price or lower;
• Options
  
  contract:
  Options speculation allows for leveraged positions in a security at a fraction of the toll of the underlying asset. A telephone call option allows the trader to profit if the price of the stock increases, and a put option enables them to profit if the stock price declines. Derivative products can merely be traded on a margin business relationship, which typically has higher minimum residual requirements than standard brokerage accounts.

Pace 6: Monitor your investment

Investors in Coin should expect toll volatility, as Coinbase stock is heavily subject to news in the crypto-sphere as a crypto exchange. As a result, whatsoever change in crypto regulations or an industry-defining event like the
collapse of FTX
tin cause the price to fluctuate enormously. In addition, moves in major cryptocurrencies like Bitcoin and Ethereum can also dictate the stock’southward price action.

So, while “fix it and forget information technology” is a solid strategy for a diversified portfolio of ETFs, for single stocks like Coinbase, investors should keep a close watch on press releases, company wellness indicators such as revenue and user growth, crypto industry performance besides every bit overall market weather. Then, depending on your financial goals, use that knowledge to reassess whether it’s best to hold onto the stock or sell it.

Yous may likewise desire to track the performance of like stocks for comparisons, such every bit Riot Blockchain (NASDAQ: RIOT), NVIDIA (NASDAQ: NVDA), and PayPal (NASDAQ: PYPL).

Should I purchase Coinbase stock?

Besides looking at Coinbase’southward fundamentals, you can utilize technical analysis to evaluate the company and place trading opportunities in price trends and patterns seen on charts.

This gauge displays a real-time technical analysis overview for your specified timeframe. It tin can be a valuable technical assay tool for many traders by simplifying trading decisions by demonstrating the real-time recommendations of popular technical indicators such equally moving averages and oscillators.

Disclaimer:
TradingView does non recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell weather if this is consequent with their strategy.

Common mistakes to avert when investing in stocks

Mistakes are expected when investing in stocks but can exist avoided if you recognize them. For an in-depth guide on investing mistakes, we have compiled a listing of
17 common mistakes

and tips for preventing them. But, for now, let’due south list some of the most typical ones:

1. Not performing your due diligence on the stock;
2. Having unclear financial goals;
3. Attempting to fourth dimension the market;
4. Failing to diversify;
5. Letting your emotions rule the investment controlling process.

How to sell Coinbase stock?

If Coinbase is performing differently than you’d expected or you’ve reached the financial goal yous set up when you outset invested in the company, selling your shares is easy.

If you’re working with an advisor, they can create a auction order for you. Notwithstanding, if you have your own banker account, you can simply log on, navigate to the stock’due south detail page, input the number of shares or dollar amount you desire to offload, and tap sell.

Pros and cons of ownership Coinbase stock

The crypto industry has enjoyed immense popularity over the past few years as everyone rushed to cash in on the boom. Like the investors who made early on moves, Coinbase, too, benefitted tremendously from the bull run as masses of users poured in, and its revenue soared. Coinbase was in the right place at the right time and made the near of it.

However, much similar Coinbase profited from the growth of crypto assets, it is likewise hindered past its downfall. So knowing how influenced Money can be by the turbulence in crypto markets, information technology is worth examining both the pros and cons earlier investing.

In conclusion

Coinbase allows investors to go exposure to the crypto market without direct investing in cryptocurrency. However, this also means your investment’s potential success is intimately linked to cryptocurrencies’ popularity and trading volume.

Ultimately, your pick will boil down to whether yous believe in the future of cryptocurrencies and desire to bet on a company that facilitates the processes that make the crypto ecosystem.

Disclaimer:

The content on this site should not exist considered investment communication. Investing is speculative. When investing, your upper-case letter is at risk.

FAQs about Coinbase