The 7 Home Building Mistakes

1. Finding a Home Builder with … Passion! Do not make the largest purchase of your life, without doing your homework. If you are ready to build your dream home, you must invest the time, to learn more about the Home Builders in your area.Before you make a final decision on who will be building your dream home, do your research. As in any industry, not all professionals are the same. Not all home builders will have the same passion for the project as you do.”Home Builders with Passion” – In every town, there are always a few Home Builders that are so passionate about their craft, that every home they build is a “Work of Art”.Their attention to detail, and continuous learning of new real estate construction ideas, ensure that they will always be at the top of their industry. Every home of theirs is a “Signature Piece”, reflecting the values of their company.When you first meet a “Home Builder with Passion”, you will notice their charm, and keen listening skills. They are very similar to a great doctor. Their focus will be entirely on listening to the patient, or you the home buyer. They will have many questions, which will help them diagnose or determine your needs.Once they understand your needs and desires… Hang On. They will begin a presentation of ideas and possibilities that will astound you. You will tour some of their previous projects, to see first hand their quality and dramatic ideas.Their passion for their craft, and desire to build the best home each time will take you back. You will sense that they are more, than just a Home Builder. Their love of the Home Building Profession, and the pride they have in their homes will be evident. Now, the hard part, finding a “Home Builder with Passion”.To find your “Home Builder with Passion”, you will have to do your homework. Begin by asking for referrals from friends, subcontractors in the housing industry, Interior Designers, Architects and anyone who has recently built.Look in the Yellow Pages under Home Builders. Also, look in the real estate ads under New Real Estate Developments and New Home Construction. Next, get in the car and take a trip. Drive to some of these new subdivisions and developments.Think of yourself as a Judge in a Parade of Homes. What is unique about each home, that is visually appealing. You are looking for clues in Unique Design and Architecture. One of the “Secrets to Great Curb Appeal” in a new home, is the importance of “Staggered Visual Lines”. Square boxes are not visually interesting, without another visual dimension added to it. Our eyes and our emotion, love to focus on… curves, angles, depth, texture, and color tones.Take detailed notes on which style is appealing and why? Note the names of each builder. If there are workers on the job site, get out and talk to them. Who do they think is a Home Builder with Passion in your area? They love to share their thoughts. The best “Out of the Box” idea would be to bring along some donuts or snacks. A couple dozen donuts is pretty cheap, and can earn you a lot of goodwill, opening up conversations on Home Builders in your area. Note – Be sure to pick a time when they are on break or eating.Next, pick up the phone, call to set up an appointment to meet with a number of Home Builders. Remember, great Home Builders are waiting for your call. They love to talk about what they do.When you meet with the Home Builder, listen to their story. How are they different from the other Home Builders in the area? What is unique about their company? Ask about the materials they use. What are some of their favorite floor plans, and why? Ask to view some of their previous homes. How do they capture trends from around the world and New Home Building Construction Ideas? Do they travel to other cities? Do they attend “National Home Builders Conventions”, where many new products and new construction ideas are introduced to Home Builders, Architects and Interior Designers? Also, what were some of their biggest Home Building mistakes? This is an important question, to get a sense of their humility. What are they doing different now and why?Again, you are looking for someone who can listen and incorporate … your needs. They must have Unique Home Design Ideas, and have a reputation in the community for building quality homes. The interview process will be a large investment of your time. Do not rush this step! You want to meet a number of Home Builders in your area. Sometimes, after a few meetings, you will begin to sense, who should build your dream home. Your homework is beginning to payoff!Important – do not make your decision on the lowest bid. Almost anyone can make various cuts to lower their final estimate. Pricing is important, but do not be fooled by the lowest bid. You are looking for Quality Construction, Dramatic Ideas, and… Value.Rapport is so important in the building process. You will be working together for the next 4 to 18 months, so it is important to partner with someone that can address your needs and concerns. You will soon begin to notice that, “Home Builders with Passion”, are usually the most charming too. There ability to balance your enthusiasm for the perfect home and the realities of building are what make them so unusual.Finally, coordinating the details of a real estate construction project is not an easy task. New design changes and problems can arise everyday. How these issues are handled, can determine the final effect of the project.Remember, when you are choosing the builder for your Dream Home, always work with a “Home Builder with Passion”.2. Saving Money On Your Lot? … Maybe NotIf you are saving money on your lot today, you will have to pass this savings on tomorrow. The Number One Rule is … go heavy on you lot purchase. This is Critical!Rarely, will you find a good deal on a lot. Great location comes at a price. If you are talking to a Home Builder who is promoting one of their lots, make sure you have done your homework and thoroughly analyzed the other available building lots in the area.Do not make you decision based on price alone. Look at the other homes that are in or will be built near your location. Are they in the same price range? Are there water issues in the area? What are the current and future traffic patterns? What is the surrounding zoning? What direction does the lot face? What are the current and future schools?Note – Location truly is everything. This is one of those decisions in life, when you cannot make a mistake. Always, go heavy on your lot investment; you will never regret this decision.3. Common Floor Plan? … Lost OpportunitiesCreating drama is much easier when building a home from the ground up. Within your building plan, you must design and designate some areas of unique opportunities. This is where you will be able to create the drama in you home. You do not necessarily have to spend a lot of money here, but you must think this process through.The additional investment for a Tray Ceiling, Niche, Barrel Ceiling, Dome Ceiling, Unique Drywall Spaces, Dramatic Dining Room, or Grand Columned Entry Way, are minimal for what they can add to the total market value of your home.Bring your Interior Design team together when you are drafting your floor plan. Their experience from previous projects and gift for great design can offer you a collection of ideas to introduce in your home. This additional step can ensure that you do not miss out on the many creative opportunities in the designing stage.4. Is Your Custom Floor Plan Marketable? … Review Your Plan With An ArchitectCustom floor plans are the Pinnacle of Home Building, but make sure that your dream home is marketable in the future. We have all seen floor plans that were not as well thought out, as they should have been.If the floor plan for your dream home is truly unique, I would strongly encourage that you discuss your project with an Architect. They have the vision, to view a project from a perspective that is beyond what we can see.Your project is too important not to go the extra mile, to get a second opinion from an Architect. Your floor plan must flow naturally, create opportunities for drama, and be marketable.An Architect can see where there are potential problem areas, discover additional areas of opportunity, and suggest options that you may not have considered. Take advantage of their valuable insight and ideas, when you are drawing up your dream home.Finally, someday, maybe sooner than you think, you will be selling your home. Could you sell your home tomorrow? Are there sufficient bedrooms for a variety of family sizes? What is it about your home that will generate Home Buyer’s knocking at your door?Take the additional step to discuss your Home Plans and Home Design with an Architect. The added assurance they can bring to your Home Building Project will be well worth the time and any additional cost.5. Lost In My Design Layers … Share A Coffee, With An Interior DesignerOnce you have agreed on your floor plan, and have drafted your unique spaces or opportunities for drama, the next step is … Interior Design.Here you will coordinate all of the layers of your Interior Design Project. This can be overwhelming at times. They will include wall colors and blends, style of carpet, unique wall finishes, Italian Venetian Plaster, Faux Finishes, or Wall Paper.Your choices will include, type of ceiling and drywall finish, knock down style, crows feet, orange peel or a Level 5 smooth finish. Your ceiling options can range from texture to an Italian Venetian Plaster, Tin Ceiling or a unique Italian Finish, layering a patina metallo effect.Your selection of flooring, tile, marble or wood floor, choice of wood, style of doors, wood trim, lighting decisions, style of fixtures, kitchen cabinets, bathroom cabinets, counter top styles, granite or marble. All of these decisions are difficult. But more importantly, all of these design elements must flow congruently, to create a dramatic effect throughout your home.Sometimes this can become overwhelming. Your Home Builder can help you with many of these decisions, but keep in mind, most Home Builders do not have a background in Interior Design. I would strongly encourage you to discuss your project with an Interior Designer. Ask around for names and referrals. Everybody loves to share a name, when they have had a great experience working with a designer.Interview a few Interior Designers. Share your project with them, ask them about some of their previous work and discuss their fees. Most people do not think they can afford an Interior Designer, this is not true. Fees can vary from nothing, to an hourly fee or a percentage.One final thought; make sure that the final effect is a collaborative decision, and one that you truly love. If you are not comfortable with an idea, then keep looking for other options. This is not the time to hold your opinion. Share your thoughts about the direction of the Interior Design Project. The best results are when all members of your design team, Home Owner, Home Builder, Interior Designer, Architect and Professional Decorative Artist are involved in this fun, yet challenging Interior Design process.6. Electrical Decisions … I Wish I Would HaveThis has to be high on the list of regrets for many homeowners. It is so hard to visualize all of the areas where you will have future electrical needs. During the holidays it may be a receptacle on the stair landing, front porch, or separate breakers for outside lighting.Important – go through the seasons, reviewing how all areas of your home will be used. Will a bedroom someday become a future office? Garage receptacle locations, separate light switch for outside holiday lights, entry way outlets, deck or outside activities, TV/Internet locations, Plasma TV wall outlets, ceiling speakers, (note – the speaker you don’t put in will be the one you regret) outside deck speakers, correct location for main audio equipment, present and future wiring for speakers in your current and future media rooms.Like many of us, who are serous about their media room, I would strongly encourage you to discuss your project with a Home Theater Specialist. Their expertise will ensure that your media room is ready for the present and future systems that are not on the market yet.Another thing to keep in mind, is the importance of lighting. When you are staging a room to create a functional and dramatic effect, this must be well thought out. There are so many lighting options available today, whether it is a wall sconce, rope lighting in a tray ceiling, unique puck lighting or shadow lighting an area, which is being staged, before a room of opportunity.These are not quick decisions to make, you must do your homework. Discuss the various lighting options available with your supplier of lighting fixtures. Also meet with your Home Builder, Interior Design, Architect, Electrical Contractor and if, you are fortunate, a talented lighting specialist in your area.Important – Unfortunately, many times during the home building process, you will feel like you are being rushed through the various stages. Lighting decisions are one of those steps where you need to do your homework. If you invest the time, you will be well prepared when you get the phone call to meet with your Electrical Contractor.7. Budget Blues, Not Designating Funds For … “The Wow Effect”Everything in the Home Building Construction process will revolve around the target budget you have in place for your new home. But almost everyday, you will be confronted with new cost overrun decisions. Some of these can be challenging to make. Determine which items are high priority and which are low on your wish list. Everything is more expensive in the future, after you have built.Keep in mind these words … Drama, Effect, and Staging. If you truly wish for your home, not to be like every other home in your area, then you must designate some of your budget for “The Wow Effect”.The opportunities that you have drafted and designed into your floor plan will not create the dramatic effect, if you have not provided a budget to fund them.We have all gone through the annual Home Builders Parade of Homes, and waited in line for the 1 or 2 homes, that truly understand “The Wow Factor”.It is hard to describe its effect. It will stop you in your tracks. You will stop and stare, trying to absorb what you are seeing. All senses are kicking in. Conversations can be heard around you.”Wow, look at this room, what is it?”"I love the colors. What is the finish on the walls? It is almost translucent.”"Wallpaper is coming back?… I loved it in the Powder Room.”"The Shadow Lighting is perfect … Wow! What a great idea.”"What is on the Ceiling. That is really something. Who did this?”"Did you see the Barrel Ceiling finish, is that Italian Venetian Plaster?”"Did you feel the Dining Room Walls? Cold like stone, but felt just like marble or granite… Wow!”"I never thought of a having a Tin Ceiling in our office, that is so … Cool.”"You have to see the Wine Cellar, what was that on the walls? Something you would see in ancient Rome”"Did you notice the movement of the Bedroom Ceiling? What was that?”The very best Home Builders and Interior Designers will try to include a room that will take your breath away. It is bold, but not brash. It can change your taste in an instant. You may be standing in front of something new that was not on your color palette before. Many of your likes and dislikes are falling by the wayside. The “Wow Factor” has now pushed you out of your comfort zone.Where do you go from here? Many times when we find something new that we love, we are hesitant to ask questions. Unfortunately, most of us will not risk, or invest the time to learn more about it.But some… will not hesitate. Some will take the first step to learn more. Grab a cup of coffee and invest some time contacting the Home Builders, Interior Designers, and Decorative Finish Artists on these “Wow Projects”. Meet with them and share your ideas about your Home Building Project.This will be an important investment of your time. The best in their professionals are sometimes challenging to meet with. Their schedules are always busy, but stay with it. Your passion for your Home Building project will come through in your conversation, which will impress upon them your desire to create a dramatic project.Building “Your Dream Home” is an important goal for most families. They will save for many years before they can finally achieve this dream. But a word of caution, the Home Building process can also be very stressful. Ask anyone who has every built before, they will echo this sentiment.Almost everyday, you will be asked to make long term and sometimes critical, home design decisions. Your emotions can run the gambit, from highs to lows, as couples try to negotiate the many Home Building options.So before, you begin the Home Building process, if you are married, I would strongly suggest that you discuss the following rule … “Preferably, over a Glass of Wine and some Great Italian Food.” “The Marriage Saving, Home Building Rule”"As a couple, if you cannot agree on a Home Building Decision, then wait on the decision. Sleep on it that night. The next day, begin to look for a better idea. You will not be as emotionally charged, and together, you will come up with a much better solution.”When emotions are high and each side has dug in, you will be glad you have discussed this rule. This will give you a reason, to set aside a difficult Home Building decision, preventing it from becoming a much bigger issue than it really is. Trust me … It Works!Finally, study your floor plan all the time. Carry it with you and try to visualize all of the activities in your new home. There are so many opportunities that you will miss, if you do not … “Live In Your Floor Plan”. Your new house is in constant motion. Your opportunities for any change in design are… very brief.One last thing, always keep your eyes open for new Interior Design ideas and possibilities. Talk with your Home Builder, Interior Designers, Professional Faux Finishers or Decorative Artists and Friends, discussing your project. Always listen to the ideas and experiences other people have had building. You may not use all of them, but the few ideas you do use, may help to ensure that your dream home is well on the way to creating … “The Wow Effect”.The “New Home Building Process” is a great experience. You will never forget the memories, the lessons, the laughs, and the new friendships you have made in this exciting chapter of your life. Enjoy this … Fun Walk!

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How Social Media Allies and Upsides Your SEO Efforts?

SMM and Search Engine Optimization are usually given a separate space in the digital marketing arena.

And, quite reasonably, they are the two most decisive factors in the online marketing sphere.

But what we fail to understand is why many businesses do not acknowledge social media marketing as one of SEO’s most influential allies.

Do we intend to say that social media directly encourages your Search engine rankings?

The simple answer could be NO!

You must recognize that social metrics like Facebook likes and Twitter followers indicate social profile authority but have no hand in directly circumscribing the search engine rankings.

Surely, our straightforward answer is confusing. However, we completely believe that SEO and smo are powerful collaborators whose association must be leveraged for digital marketing success.

Let’s dig deeper and express how SMM can merit and warrant your SEO strategy.

The Relationship Between Social Metrics & SEO

Let’s assume that there might have been experiments conducted in the past that determine the use of social-media metrics such as social mentions and engagement level for search engine rankings.

But due to the unpredictable and unstable nature of smo and the weak signals generated, professionals might have dropped the attempts.

This was well elaborated by Matt Cutts back in 2014 in a Webmasters video. He was the Head of Google’s Webspam Team back then, and he revealed that social media provided incomplete signals.

Also, search engine algorithms can’t ascertain the reliability and authority of the smo posts and the profile.

Nevertheless, is there an Indirect way that social media influences search engine rankings?

And, this was embellished in the Cutt’s video itself.

He said that Google treats all social media websites like any other website on the Internet, which means that the same rules apply to Facebook, Twitter and so on as it applies to other websites.

Benefits of Social Media for Business

A Linkable Opportunity

As most social media consists of links to other websites, site owners and content creators can use it to promote their content.

You can employ a particular mixture of organic and paid promotions strategy to maximize your audience base.

Here’s how this happens-

As you use social media, there might have been countless times that some articles impacted you.

The impression an article made is evident in the things you share and communicate on social media. You might often use the information from the article in your other works, giving the source article a reference.

Understand that people cannot relate to something unless they know about it. Social media gives the perfect opportunity to content creators to prompt the audience and share link-worthy content.

You might well concede that SMM has given attention to many websites and individuals who were not known before. Creating Brand Mentions

Now, suppose someone or something (brand, product, service, individual, business, etc.) that has not yet been identified by Google suddenly notices many remarks online. In that case, it will influence Google to categorize them as an “entity”.

These are some unique circumstances that can boost your search engine rankings. This is bound to the context you are being mentioned or how people are talking about you online.

Understand that you are not adjudicated for how high you rank for a thing but what you entail as an entity.

So your website might not be getting a mention for a specific thing right now, but seeing the number of people who put trust in you, they can well start recognizing your business for that particular piece.

This is called the power of positive mentions.

Nevertheless, you need to make sure that positive mentions are not just on social media but on all public forums.

You can spring your brand marketing with your true audience base and inspire positive reinforcement and communication on social media.

Social Media For Searches

You cannot miss the fact that people use social media to search for a particular product or brand, and your audience base is just not limited to Google or Bing.

As you operate Twitter, you will realize that the social media channel with its trends, hashtags, insights and other tools give you a perfect opportunity to collude with the potential customers, making your content visible to the users.

You will find similar responses to Pinterest and Instagram.

Also, if anyone wants to know more about your company, he/she will likely ascertain your presence on Facebook, Instagram, Twitter channels- do a quick search and decide upon if he/she wants to deal with your business or not.

In 2016 Mark Zuckerberg had mentioned that “Now people are doing more than 2 billion searches a day between looking up people, businesses, and other things they care about.”- source Techcrunch.

Facebook had earlier retreated on a semantic graph search engine and launched a true keyword search, which landed in more search queries for media channel.

Twitter, since its onset, has been the leading destination for the population to flock for searches, especially in the event of big global news. Full post search appeared to have worked for Facebook and have expedited query volume.

Changing The Idea Of SEO

We have reached the phase where SEO is not just centered till Google optimization. We need to realize that search engine optimization is extending and converging on smo.

Also, if Google has been unclear about its stand, Bing, on the other hand, has been quite positive in including social metrics in its search engine algorithms.

You may well agree that the audience that reaches the company website, lurking through digital media channels, has already interacted with the company in a very pragmatic sense.

Also, digital media gives users the capability to engage more powerfully and compellingly. Hence, it will be only effective to broaden your social, media capacities and elicit brand awareness and growth.

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Coinbase Review

As the leading mainstream cryptocurrency exchange in the United States, Coinbase has become a standard on-ramp for new crypto investors. Coinbase offers a wide variety of products including cryptocurrency investing, an advanced trading platform, custodial accounts for institutions, a wallet for retail investors, and its own U.S. dollar stable-coin.

Coinbase was founded in 2012 and is a fully regulated and licensed cryptocurrency exchange supporting all U.S. states except Hawaii. Coinbase initially only allowed for Bitcoin trading but quickly began adding cryptocurrencies that fit its decentralized criteria.

Its list expanded to include Ethereum, Litecoin, Bitcoin Cash, XRP, and many others with the promise of more as long as its requirements are met.

Pros Explained
Solid variety of altcoin choices: Coinbase offers over 25 cryptocurrencies for investment, trading, and also staking.
Extremely simple user interface: Coinbase is perhaps one of the easiest on-ramps to crypto investing. It is easy to sign up and buy cryptocurrencies within a matter of minutes. It also has a learning program that pays users cryptocurrency to learn more about how cryptocurrency works.
High liquidity: Coinbase consistently ranks among highly liquid exchanges. This protects the investor from serious price slippage in an already volatile market.
Cons Explained
High fees when not using Coinbase Pro: Coinbase has high fees compared to some of its largest competitors. Many newcomers who use the standard Coinbase platform will be subject to these fees unless they use Coinbase Pro—free to switch to and with lower fees—which has more features that could be overwhelming to new crypto traders.
Users do not control their own wallet keys: This is consistent with many centralized exchanges but it still remains a con for all of them. When a user purchases cryptocurrency on an exchange, it is stored in a wallet that Coinbase has control over. This means that the user does not have autonomous control over their holdings, which, in essence, goes against the ethos of decentralized currency or finance. This can be avoided if the investor withdraws their currency to their own personal wallet, preferably a hard wallet.
Not a large enough variety of altcoins for altcoin traders: Coinbase has a good variety of altcoin options for newer investors to dabble in, but those interested in seriously trading of altcoins will not find a great selection here. That said, Coinbase plans to add more altcoins over time.
Cryptocurrencies Available on Coinbase
Coinbase has a solid number of options to invest and trade in and has plans to add more to the list. The following currencies are listed right now:

Aave (AAVE)
Algorand (ALGO)
Cosmos (ATOM)
EThe Balancer (BAL)
Band Protocol (BAND)
Basic Attention Token (BAT)
Bitcoin Cash (BCH)
Bancor Network Token (BNT)
Bitcoin Satoshi’s Vision (BSV) (Send Only)
Bitcoin (BTC)
Celo (CGLD)
Compound (COMP)
Civic (CVC)
Dai (DAI)
Dash (DASH)
districtOx (DNT)
EOS (EOS)
Ethereum Classic (ETC)
Ethereum (ETH)
Filecoin (FIL)
The Graph (GRT)
Golem (GNT)
Kyber Network (KNC)
Chainlink (LINK)
Loom Network (LOOM)
Loopring (LRC)
Litecoin (LTC)
Decentraland (MANA)
Maker (MKR)
Numeraire (NMR)
NuCypher (NU)
OMG Network (OMG)
Orchid (OXT)
Ren (REN)
Augur (REP)
Synthetix (SNX)
USD Coin (USDC)
Universal Market Access (UMA)
Uniswap (UNI)
Wrapped Bitcoin (WBTC)
Stellar Lumens (XLM)
Ripples (XRP)
Tezos (XTZ)
Yearn.finance (YFI)
Zcash (ZEC)
0x (ZRX)
Trade Experience
Trading on Coinbase is an extremely easy process and geared toward a beginner. The platform can also be accessed through your android or iOS devices. Coinbase does not offer any downloadable trading software and it is all browser-based, including its more advanced trading platform, Coinbase Pro.

When you log in you are immediately shown your portfolio balance and its performance in a selection of time frames like one hour, 24 hours, one week, and one year.

A banner above your portfolio balance has a “Buy crypto” button where you can enter a dollar value and place market orders for whichever crypto you choose that Coinbase has available. This button also brings up the options to sell or convert your crypto or even set up recurring orders—daily, weekly, on the 1st and 15th, once a month.

Buy crypto Coinbase
On the top right of the page, you will find the options to send and receive. This allows users to send crypto out of their Coinbase wallets or receive crypto from elsewhere into their Coinbase wallets. While most crypto-first exchanges do offer the ability for users to withdraw to their own private wallets, this is unfortunately not the case for some other brokers and exchanges out there. This ability is hugely important to investors who wish to make sure their holdings are safe and secure in their own offline wallets.

Coinbase Pro
While Coinbase is an incredibly simple on-ramp to crypto investment for those who are just starting out, Coinbase Pro offers a far larger and more robust charting and trade experience.

Coinbase users can purchase crypto using market orders that experience high fees compared to other exchange options out there. With that in mind, Coinbase wanted to create a free option for Coinbase users to graduate to when they were a bit more practiced. With Coinbase Pro, users can place market, limit, and stop orders with lower commission fees. Coinbase Pro also has the option of margin trading and has significantly fancier charting capabilities.

Traders using Coinbase Pro can see as short-term as 1-minute candle or line charts and can use overlays like exponential moving averages. Currently, the only 2 available overlays and indicators are EMA (12) and EMA (26). Coinbase Pro also has over 100 trading pairs available worldwide (nearly 40 trading with USD) and more than 40 crypto to crypto trading pairs in 42 regions. Compared to other serious trading tools out there, Coinbase Pro is still bare-bones with regard to indicators.

While the standard Coinbase platform is a great tool to help people understand how easy it is to purchase, store, and move cryptocurrency, Coinbase Pro is, by far, a better platform for those who wish to actively trade or invest with lower fees and more features.

Fees
Coinbase has an incredibly convoluted fee system that is also quite expensive if you are not using Coinbase Pro. The cost of trading on Coinbase’s standard platform is quite high in comparison to its competitors. Those who are new to crypto and are looking for ease of use may overlook this.

Coinbase’s fees vary across different countries and regions, but for the purposes of this review, we will focus on fees within the United States.

Payment Method Coinbase Fee
Bank Account 1.49%
Coinbase USD Wallet 1.49%
Debit/Credit Card 3.99%
ACH Transfer Free
Wire Transfer $10 ($25 outgoing)
Crypto Conversion 2.00%
In addition to these fees, Coinbase also charges variable spreads on purchases and trades. Coinbase says that they typically charge about 0.50% for the purchase and sale of cryptocurrency below $10,000 in value. This fee is significantly reduced for sums between $10,000 and $50,000 (0.35%) and continues to decrease with each pricing tier until maker-taker fees reach 0.00% and 0.04%, respectively, for sums of $500,000,000 and up. Market fluctuations can make this higher or lower.

There is also a “Coinbase Fee” in addition to the spread and the cost of depositing money mentioned above in the chart. This fee is dependent on the value of the purchase, payment type (debit/credit), and region you are purchasing from.

Coinbase gives the following examples of “Coinbase Fees” one might experience on its platform:

If the total transaction amount is less than or equal to $10, the fee is $0.99 | €0,99 | £0,99
If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49 | €1,49 | £1,49
If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99 | €1,99 | £1,99
If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99 | €2,99 | £2,99
Coinbase Pro Fees
Coinbase Pro fees are significantly less expensive and less complicated. With Coinbase Pro, digital assets and ACH transfers are free to deposit and withdraw. Wire transfers are $10 to deposit and $25 to withdraw.

Pricing Tier Taker Fee Maker Fee
<$10K 0.50% 0.50%
$10 – 50K 0.35% 0.35%
$50 – 100K 0.25% 0.15%
$100K – 1M 0.20% 0.10%
$1- 10M 0.18% 0.08%
$10 -50M 0.15% 0.05%
$50 – 100M 0.10% 0.00%
$100 – 300M 0.07% 0.00%
$300 – 500M 0.06% 0.00%
$500M – 1B 0.05% 0.00%
$1B+ 0.04% 0.00%
Security
Coinbase uses a variety of safety measures for account holders. It is important to understand that any crypto on any exchange account is only as secure as the account holder makes them. It is imperative to use strong passwords and to utilize the available security features like 2-step verification.

Coinbase has 2-step verification, biometric fingerprint logins, insurance in the event that Coinbase itself is breached (this insurance does not apply if your account is breached due to your own lack of security measures), and also stores 98% of users’ funds in offline cold storage.

Digital currency is not considered legal tender and therefore is not backed by SIPC or FDIC. Coinbase provides insurance by pooling Coinbase balances and holding them in USD custodial accounts, USD denominated money market funds, or liquid U.S. Treasuries.

Coinbase provides a solid amount of security in comparison to a number of other leading exchanges. This is one of the reasons Coinbase is a great offering for those looking to safely get started investing in cryptocurrency.

That said, the premise of cryptocurrency is to remove intermediaries where possible and to be in total control of your own funds. While Coinbase does provide an easy entry to cryptocurrency investing, it is important to learn about proper cryptocurrency security and storage. Savvy crypto investors may use Coinbase Pro for its reduced fees and then withdraw their holdings to their own secure cold storage.

Opening a Coinbase Account
Signing up for Coinbase is a very straightforward and easy process. First, you enter your name, email, and the password you wish to use. You will then be asked to verify your email address. Next, Coinbase asks you to enter in your phone number to receive a verification code and enter it. Coinbase will later use this phone number to send 2-step verification codes. After this stage, it will prompt you to enter your identification information.

Just like any bank account or investment account, you must prove your identity via state identification. For users in the United States, this will require a social security number. At this point, your Coinbase account will have been created and you are able to add your bank account, credit card, or debit card information to enable deposits and withdrawals so that you can start trading or investing.

VERDICT
Coinbase is an ideal tool for new crypto investors who may not have any other investment experience. While the standard platform is overpriced, its features, like its learn program and the ability to easily set up recurring purchases, provide the inexperienced with a clear path to becoming invested and actually understanding cryptocurrency.

Those with more trading experience will find that Coinbase Pro is a cheaper and more robust option, but it is still lacking in terms of features. If you wish to trade seriously, you may find that Coinbase is not the right fit for you. Overall, Coinbase is designed with the beginner in mind.

Methodology
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