For crypto users around the world, Coinbase is widely recognized as the go-to platform for buying and selling Bitcoin and Altcoins. However, as the industry has developed, more and more Coinbase alternatives have popped up as well. One of the more interesting competitors to hit the scene is Abra.
4 years ago Bitcoin was in the middle of a gigantic bear market and I was looking for interesting topics to write about. I’d successfully pitched an interview with a Dark Web drug dealer to Vice Motherboard and was looking for a similar “crossover” topic to write about that wasn’t strictly focused on crypto.
Coinbase has long been the most recognizable name in the cryptocurrency industry if you’re a new user looking to buy your first coins. Launched in October of 2012, they have the distinction of being one of the first United States-based platforms to allow for the quick and easy purchase of Bitcoin via a bank transfer. Today, they offer cryptocurrency purchases to over 13 million users (as of Nov 2017) across 42 different countries. They are widely regarded as one of (if not the most) important firms for the entire industry.
On-face most would agree that using someone’s hardware resources for personal gain without their knowledge or consent is unethical. In fact, that is the general definition of malware.
If you’re a cryptocurrency user or someone who is thinking of making a crypto purchase for the first time, you’ve likely heard of Coinbase. Launched in October of 2012, they have the distinction of being one of the first United States-based platforms to allow for the quick and easy purchase of Bitcoin via a bank transfer. At that time it was a huge step forward for the industry because many people were still wiring money to offshore exchanges when they wanted to buy Bitcoins. Having a simple purchasing platform in the United States was a game-changer for a geographic market that is now home to one of the world’s largest concentrations of crypto users.
Crypto twitter is one of the most dynamic and engaging online communities you can find. It’s full of enlightening discussions of (possibly) the most important economic breakthrough of the 21st century. It’s also simultaneously filled with frauds, shills, and shitposters. Searching for signal in this noise can be tough, but if you’re willing to put in the time you can build a great list of the best crypto Twitter accounts to follow.
As the biggest e-commerce platform in the world, many people have speculated on when (or if) Amazon.com will accept cryptocurrencies for payment. This would likely be a huge boost for the retail ecosystem of the crypto space as a whole. Unfortunately though, there is no official timeline from the company on whether or not they are considering payment options.
Editor’s note: This is the furthest thing from financial advice you will ever read. Do not make any decisions with your money based on the words below. And, if you do decide to learn more about Bitcoin and other cryptocurrencies, remember to never invest more than you can afford to lose.
Many people who have heard about cryptocurrencies still have questions about what exactly they are used for. Wrapping your mind around how Bitcoin works is one thing, but understanding all the possible use cases for the 1000+ other cryptos and altcoins is an entirely different animal.