What Is a Coinbase Account? Coinbase is one of the leading cryptocurrency exchanges in the United States, founded in 2012 by Brian Armstrong and Fred Ehrsam. The platform allows users to buy, sell, and manage various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. Coinbase offers two main account types: unverified accounts, which have limited features, and verified accounts, where users confirm their identity using documents like ID cards, passports, or driver’s licenses. Verification includes biometric checks and secure storage measures to protect user funds. A verified Coinbase account provides stronger security, higher limits, and smoother access to all platform features—making it a trusted choice for safe crypto transactions.