5 Reasons to Drop Coinbase Like a Hot Potato (Op-Ed)

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Updated December 15, You've probably heard the hype about bitcoin or ethereum, but what about cryptocurrencies like neo, dash or ripple? From next year, Coinbase — one of the world's biggest cryptocurrency exchanges — has announced that a swathe of new altcoins will be added to its platform.

It has come as welcome news for Australian investors who, until now, have been paying a premium on local exchanges. Coinbase currently lists three of the world's most popular coins: There are thousands of cryptocurrencies available — almost everyone has heard of bitcoin and ethereum — altcoins are all of those other currencies. The Australian peer-to-peer blockchain-based energy trading platform Power Ledger is a good example of what altcoins are. Buyers and sellers are able to trade renewable energy, dispensing with the need of a middleperson.

So Australian investors who want a better price often have to sign up to a US-exchange and learn how to trade coins like shares. But now, with Coinbase's decision, investing will become accessible to anyone with a credit card and a phone. While Coinbase has yet to announce which currencies they will be adding, Professor Potts said the result would likely see more Australian cash flowing into the cryptocurrency world.

Alex Saunders made so much money in cryptocurrencies that he decided to quit his job to work full time as an investor. But he also helps other investors through his Youtube channel Nugget's News Australia, which is dedicated to answering cryptocurrency questions. First posted December 15, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content.

Read about our editorial guiding principles and the enforceable standard our journalists follow. Would you have coffee in a cemetery or take your kids to play near a family member's final resting place? Talk about fortuitous timing. There's an election looming and a budget situation — long portrayed as a disaster — suddenly on the mend. But what to do with this sudden bounty? The imposition of refereeing technology has created a myth of decision-making infallibility, shown up by the video assistant referee's A-League grand final glitch, writes Richard Hinds.

Animal hospitals and carers are seeing more emaciated koalas, possums with dog bites and wallabies hit by cars than ever before. Coinbase has yet to announce which currencies they will be adding to their platform. Bitcoin one step closer to being regulated in Australia. RBA warns bitcoin is a 'speculative mania', dismisses e-Aussie dollar. What's the worst that would happen if the crypto 'bubble' bursts? Coinbase currently lists only the big three: Bitcoin explained Can't tell a bitcoin from a blockchain?

Read our explainer to see how the cryptocurrency works. Take a look at what some of our readers said about Coinbase introducing altcoins in the comments. AM Kelly O'Dwyer announces economic security fund for women Government to reveal modest income tax cuts in budget Why are Queenslanders paying more for water? China retaliates after US slams territory warning to international airlines Mystery over fate of sky-diving princess 'missing after trying to flee Dubai' Vladimir Putin sworn in for another six years as Russian President Mystery of hidden room in King Tutankhamun's tomb put to rest Hawaii volcano destroys 26 homes, blasts lava more than 60 metres into the air Opinion: Minister promises body modification crackdown.

Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Cemeteries' new role By Connie Agius Would you have coffee in a cemetery or take your kids to play near a family member's final resting place? Debt and deficit, or defeat Talk about fortuitous timing. Don't blame VAR The imposition of refereeing technology has created a myth of decision-making infallibility, shown up by the video assistant referee's A-League grand final glitch, writes Richard Hinds.

Wildlife deaths on the rise Animal hospitals and carers are seeing more emaciated koalas, possums with dog bites and wallabies hit by cars than ever before. China retaliates after US slams territory warning to international airlines. Most Popular 'I am that girl': The young woman whose rape case put consent on trial Compensation awarded to ex-cop who was 'crucified' by police for hunting a paedophile priest Nine charged over stabbing death of woman in Toowoomba Turnbull's choice: Debt and deficit, or defeat 'A storm's a coming': Stormy Daniels appears on Saturday Night Live sketch of call to Donald Trump Marathon trial 'gone off the rails' ends with jury dismissed after seven months 8 charts that illustrate our growing tax problem 'Orwellian nonsense': China retaliates after US slams territory warning to international airlines Government announces review into liquid fuel security Trump's lawyer Giuliani does not rule out payments were made to other women.

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