This article will break down exactly how to buy shares of U.S.-based Coinbase Global, or COIN. We’ll also break down what exactly Coinbase stock is, why it’s a good idea to buy now, where to buy Coinbase stock, and the potential risks of buying stock in Coinbase.
Start trading or investing in stocks right now with Webull!Name of the Company |
Coinbase Global |
Nasdaq Ticker |
COIN |
Current Price |
345,36 USD |
Price-to-Earnings Ratio (p/e) |
31.54 |
Income |
1.79 B |
Stock Options |
Yes |
Stock Trading Fees |
$0 on Webull |
Coinbase stock, or COIN, are shares of the cryptocurrency exchange Coinbase. This stock opened on April 14th at about $381 and ultimately peaked at around $429.54 before dropping. Shares began to close at $328.28, which was a $78.28 boost from the original $250 reference price. Coinbase now has about 261.3 million shares, giving the platform a market capitalization of around $86 billion. That’s certainly impressive, as many other exchanges rarely best the $67 billion market cap.
As cryptocurrency becomes more popular, Coinbase Global is also going to become more popular. This IPO was hyped up quite a bit and surprisingly lived up to that hype. Now, Coinbase Global could be a very good investment opportunity.
"The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser-focused on to gauge investor appetite," Wedbush equity analyst Dan Ives wrote in a letter to the platform’s clients. "Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years."
It certainly makes sense why Coinbase is so viable. The platform had over 43 million users in 2020, and about 2.8 million of those users were trading on a monthly basis. In fact, Coinbase’s revenue grew to a whopping $1.14 billion in 2020, nearly doubling its revenue from 2019. Investors who want to get into the world of cryptocurrency without having to buy any coins could benefit from investing in Coinbase. It could potentially be less volatile than actually buying crypto.
Now that we have some context to go off of when it comes to Coinbase’s standing in the crypto world, let’s break down how to buy Coinbase stock.
Open your stock trading platform of choice. For this step-by-step guide, we’ll be using Webull. Webull has very affordable fees and does charge any commission for trading stocks. If you do not have a Webull account, go ahead and start the signup process. As with any trading platform, U.S. users will need to go through an extensive identity verification process before buying any stocks, crypto, ETFs, options, etc. This verification process can take a day or two to complete. From there, transfer funds into your Webull account via direct deposit or wire transfer.
Once your account is set up and your Webull wallet has money in it, it’s time to buy COIN. Navigate to the search bar at the top of your Webull dashboard. In the mobile app as well as the website, the search bar will say “Symbol/Name.” Type in “Coinbase” and select the first option that pops up and says “Coinbase Global, Inc.” or “COIN.” You will then be transferred to COIN’s main stock page.
How to Buy Coinbase Stock on Webull
On this stock page, users can view lots of information about Coinbase Global. A few different things on this page include real-time quotes and Nasdaq’s last sale. You can also explore the stock’s opening rate, the highest rate, volume, the 52-week high, and market cap. We recommend giving this page a thorough look-through before buying your shares or COIN.
Market Analysis
Below the basic COIN information, you’ll be able to look at things like news, releases, company profile, etc. Navigate to Analysis. This will show you an analyst rating and a recommendation to either buy or sell. If COIN is in a state of “sell”, we would recommend waiting to buy shares of this stock.
Buy your shares of COIN. Navigate to the stocks quote page, select your trade, and place an order. You can choose your funding source easily and purchase COIN by the share or via a set price. And that’s it! Congratulations, you now own stock in Coinbase Global.
We believe that Coinbase stock is a good investment. However, a company like Coinbase’s profit depends largely on the price of cryptocurrencies. If cryptocurrency falls out of style, Coinbase could lose money. This is a risk worth considering for any company one chooses to invest in. When it comes to exchanges like Coinbase, the company’s income depends on the activity of traders and the price of cryptocurrency. However, as it currently stands, Coinbase is a good investment at the moment and the company is experiencing some serious growth.
Coinbase is growing fast, yet its stock still sits at a reasonable value. Right now could be an excellent time to buy, but it’s worth noting that even with the platform’s massive growth, there is always the potential for volatility.
At the time of writing, Coinbase Global stock is currently worth about $337.05 with a volume of $3.53 million and a 52-week high of about $429.54. The market cap for Coinbase Global is currently sitting at $71 billion.
Wall Street forecasts are positive, which is another reason to consider purchasing Coinbase Global stock. Eighteen different Wall Street analysts have provided a year-long price target for Coinbase Global of $255.56, with a high forecast of about $500 and a low forecast of about $160. The average price target boasts a 2.88% change from the former price of about $345.60. Currently, this would be considered a “moderate buy” period and a good opportunity to purchase COIN.
Coinbase as a company has excellent prospects. However, even the best companies have their risks. In the context of Coinbase specifically, there could be potential risks associated with the regulation of cryptocurrencies in the future. Regulation is getting tight among crypto exchanges on a state-by-state basis. Just as well, there are many platforms out there that offer cryptocurrencies, both as brokers and exchanges. That could lead to some serious competition that could knock Coinbase down a few pegs. As with any stock, anything that could negatively happen to Coinbase is a risk you’ll have to deal with, such as lawsuits, scandals, currency failures, etc. Coinbase relies quite a bit on emerging technology, so the future is a little bit difficult to predict.
You can purchase COIN anywhere that offers NASDAQ stocks. We would recommend Webull or eOption as good sources for purchasing COIN. Binance is another great exchange as well. In addition to buying Coinbase Global stock on these platforms, you can also purchase and trade cryptocurrency on those platforms as well. Still, we would recommend Coinbase for crypto trading.
Webull is a stock and cryptocurrency trading platform where users can purchase Coinbase stock, or COIN. Webull supports a number of platforms, including Android and Apple mobile products as well as a desktop browser. We would recommend using this platform to buy Coinbase stock because they offer no commission fees and have an extremely user-friendly interface. If you are someone who wants to trade stocks, options, ETFs, and crypto in addition to purchasing COIN, this is a good trading platform to consider. Stock options are also available on Webull, they offer documentation, and the platform has great online technical support. Webull can be used to trade a variety of things, from crypto to stocks.
eOption is a stock and cryptocurrency trading platform where users can purchase Coinbase stock, or COIN. eOption supports a number of platforms, including Apple and Android products. We would recommend using this platform to buy Coinbase stock because they offer low commission fees at about 10 cents per contract and are well-known for being a top-notch trading platform for brokers. If you are a trader or broker who wants to buy COIN, this is a good trading platform to consider. Stock and binary options are also available on eOption if that is something you’re interested in. Just as well, they also offer documentation, the platform has great online technical support, and there is high return potential with options trading.
Note:
This article is not financial advice and is for educational purposes only. Buying cryptocurrencies is a high-risk type of investment, as most crypto is quite volatile. Proceed with caution when buying cryptocurrency or stocks of any sort, and be sure to do some research in the market of your choice before buying.
Cryptocurrency is becoming huge, and with it, cryptocurrency exchanges are raking in dollars. Coinbase is one example of a crypto exchange that is experiencing some serious growth, and it might just be worth investing in-- even if you don't want to buy crypto.
Coinbase Global, or COIN, has a price-to-earnings ratio of about $31.54 and an income of $1.79 billion. This IPO was hyped up quite a bit when it was first released in April, and Coinbase has not disappointed. Now, Coinbase could be an excellent investment opportunity for those who want to get in on the crypto bandwagon but don't want to deal with the actual volatility of crypto. Why not invest in the exchanges that crypto is being traded and mined on?
Buying Coinbase stock is very easy. Using a stock exchange broker like Webull, simply log into your account and search for "Coinbase Global." From there, simply purchase your Coinbase stock by the share or the dollar. It's really quite easy.
But is Coinbase stock actually worth it? We believe so! Coinbase is experiencing a period of rapid growth, and its current financial profile is excellent. In fact, some Wall Street analysts and forecasts are quite positive, predicting that Coinbase will only increase in value. While there is always risk in buying stocks, Coinbase might just be worth it.
Absolutely. Coinbase is compliant with all applicable laws and regulations in each of the jurisdictions it operates in. Specifically, Coinbase is regulated by and compliant with the Financial Crimes Enforcement Network (FinCEN), the Bank Secrecy Act, the USA Patriot Act, and money transmission laws on a state-by-state basis. If you’re worried about Coinbase being a safe company to invest in, you really don’t have much to worry about. The company is fully compliant, though it is impossible to predict instances of lawsuits or potential pitfalls of the company.
One of the most popular aspects of Coinbase is that it offers its own cryptocurrency wallet for its userbase. Coinbase Wallet is a crypto wallet and DApp browser that is controlled by the platform’s users. Each of a user’s private keys is stored directly onto their mobile device through the centralized exchange. Just as well, you don’t even need a Coinbase account in order to use Coinbase Wallet. Users can even view supported currencies in their wallets by simply opening the app and selecting Recieve. Currently, Wallet supports a pretty good range of crypto, including Bitcoin, Litecoin, Ethereum, XRP, Dogecoin, and more.
As with any type of stock, ETF, mutual fund, or options, there will always be risk in purchasing shares. It’s important to keep this in mind when buying any sort of investment. However, Coinbase has boasted an astounding financial performance since 2020, and they don’t see to be slowing down anytime soon. There are many reasons for this, from the growing interest in crypto to the company’s addition of NFTs to its list of features. Stock is risky, but some Coinbase shares could be a smart investment.
Most exchanges will charge fees in some capacity to keep the exchange open. Coinbase charges miner fees for transactions that take place on currency networks, though the exact number depends on the volume of network transactions. Coinbase also charges 0.50% per trade, 3.99% for credit card purchases, and 1.49% for Wallet or bank card purchases. Coinbase Pro is a little different. With the membership plan, users only 0% to 0.50% per trade with no fees for crest card purchases or Wallet purchases. These fees aren’t too bad when compared to similar exchange platforms.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.
