exclusive6 min read

Coinbase Account — A beginner’s guide.

Do you know what’s the toughest part of crypto? Not ‘Trading crypto’. It’s getting started with crypto. But an easy-to-use centralized cryptocurrency exchange like Coinbase makes it that easy to get started. It is moreover like how you use GPay…

blog

Review Coinbase

Coinbase is a stable online platform for selling, transferring, buying, and storing crypto or digital currency. But what is it, exactly? How does it work? And is Coinbase safe to use? These are all questions you still might have. We’ll take a look at how Coinbase went from an idea on the back of a napkin to one of the most trusted brands in the cryptocurrency space.

Coinbase has become one of the most well-known names among people who trade cryptocurrencies like Bitcoin (BTC) and Ether (ETH), and many more. However, if you are new to the cryptocurrency space, Coinbase is the most popular way to buy digital currency. It allows customers to trade BTC, ETH, Litecoin, and more for US dollars, Euros, Canadian dollars, British pounds sterling, and Australian dollars. Additionally, it offers a “crypto-to-crypto” exchange that enables customers to swap between crypto-assets.

How to use Coinbase

This blog post will go through using Coinbase, an online wallet, and an exchange website. There are tons of different cryptocurrencies you can add to your accounts, such as Bitcoin (BTC), Ethereum (ETH), DogeCoin (DOGE), and Ripple (XRP). The beauty of this website is that you can convert these coins into dollars or other cryptocurrencies. You can also link a bank account or a debit card to your account to purchase digital assets with a credit card. For many people, this is perfect for their busy lifestyle.

As described on the Coinbase website, “Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency.” This cryptocurrency exchange also provides an online wallet for users to purchase Bitcoin through their bank account or credit card. This blog post will focus on the online wallet feature.

How to sell/buy crypto on Coinbase.

The following are step-by-step instructions on how to create an account with Coinbase. This includes setting up 2-factor authentication (2FA) for your account using text messages or email reminders. After you complete these steps, you will be ready to make your first Bitcoin or any other cryptocurrency you wish.

Step 1: Click on “Buy/Sell” at the top of the Coinbase website. Click on “Start Here.”

Step 2: Click on “Sign Up” at the top left of the page.

Step 3: Fill out your information and create a password that you will remember. It is important to note that Coinbase requires a phone number for security reasons. After you have filled in your information, proceed to check out by clicking on “Sign Up” again. You will receive an email from Coinbase with an activation link in it.

Step 4: Click on the activation link that is sent to you via email. After you have clicked on the activation link, once it arrives, go back to Coinbase. You will receive a confirmation screen.

Step 5: At this point, you should receive a message from Coinbase via your email account with a security code. Once you have received this email from Coinbase, enter the security code into the field and press “Confirm.”

Step 6: Click the Buy/Sell option in the upper right-hand corner.

Step 7: Set up either a one-time purchase or a daily/weekly/monthly one.

Step 8: Enter the amount of your purchase.

Step 9: Choose the cryptocurrency to buy.

Step 10: Select your payment gateway. And you are good to go.

Disclaimer: Cryptocurrencies are not legalized in certain areas/countries. Make sure that you do not have any regulatory violations before performing the above-mentioned procedures. Also, Blockscribers is not responsible for the type of assets you trade. We mentioned the names of certain crypto assets just for an example. That does not mean, we support those assets or suggest them.

More From Blockscribers.