Coinbase Commerce is a platform for merchants to accept payments in cryptocurrency, especially Bitcoin. It is similar to PayPal, except that it does not allow users to store any of their cryptocurrency funds on its platform. Instead, they are required to keep them on an external wallet, such as MyEtherWallet or another third party service.

Coinbase Commerce was founded by Fred Ehrsam and Brian Armstrong, two of the founders of Coinbase, who left the company in 2016. Coinbase Commerce was launched in October 2016. In December 2017, Coinbase Commerce raised $80 million from Andreessen Horowitz, General Catalyst, and others.

As of July 2018, Coinbase Commerce has over 200,000 active merchants using the platform. Coinbase Commerce has been compared to Square, as both companies are designed to make it easy for businesses to accept payments in cryptocurrency.

What is Coinbase Commerce?

Coinbase Commerce is a payment processor that allows merchants to accept payments in cryptocurrency. Merchants pay a small transaction fee when they process payments in cryptocurrency. The platform also provides tools for merchants to manage their cryptocurrency funds.

Coinbase Commerce is based on the idea that there will be a time when most people use cryptocurrency as their primary form of payment. When this happens, merchants will need a way to accept these types of payments. Coinbase Commerce was designed to fill this need.

Coinbase Commerce has been compared to PayPal because it does not store any of the merchant’s cryptocurrency funds on its platform. Rather, merchants must keep their funds on an external wallet. This means that if the merchant’s website crashes or is taken down, then their funds will be lost forever. However, merchants do have a choice in how they store their cryptocurrency funds. They can choose to use a third party service like MyEtherWallet or another similar service.

Does Coinbase have a secret code?

Coinbase Commerce has a secret phrase that merchants can enter into their browser to access their account. The secret phrase is: “1x4p9m”. This phrase can be entered into any browser, but you should enter it exactly as written.

Is it possible to withdraw money from Coinbase?

Yes, it is possible to withdraw money from Coinbase. You must first log into your Coinbase Commerce account. Then you must click the “Withdrawal” button. Once you do this, you will be asked to enter the amount of cryptocurrency you wish to withdraw. Once you have done this, you will be asked if you want to send the withdrawal to your own address, to an exchange address, or to a different wallet address.

You can also request a withdrawal to a bank account, although this may take a few days. There is no limit on the amount of money you can withdraw from Coinbase Commerce.