The Coinbase platform makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. In this guide, we’ll show you how to get started with Coinbase so that you can begin buying, selling, and storing your own crypto.
If you’re new to the world of cryptocurrency, Coinbase is a great place to start.
What is Coinbase and what can it be used for
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase has a variety of features that make it the best place to start trading cryptocurrencies. These include: Easy to use platform: Coinbase has a simple and easy to use platform which makes it perfect for those just getting started in the world of cryptocurrency.
Security: Coinbase is one of the most secure exchanges in operation today. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures. Insurance: Coinbase keeps your funds safe with industry-leading security measures and insurance. Support: Coinbase offers 24/7 customer support in multiple languages.
How to create an account on Coinbase
Creating an account on Coinbase is simple and only takes a few minutes. First, go to the Coinbase website and select ‘Sign up’. Enter your email address and create a password. Next, you will be asked to verify your email address. Once you have done this, you will be taken to a page where you can enter your personal details. Enter your name, date of birth, and phone number.
You will also be asked to verify your phone number. Once you have done this, you will be taken to the next page where you can set up your payment method. If you choose to use a bank transfer, you will be asked to enter your bank account details. Coinbase will then make two small deposits into your account, which you will need to confirm in order to verify your payment method. Once you have verified your payment method, you will be taken to the main Coinbase page where you can buy, sell, and store your cryptocurrencies.
can you buy crypto with a credit card on coinbase
Yes, you can buy crypto with a credit card on Coinbase. To do so, go to the ‘Buy/Sell’ page and select ‘Credit/Debit Card’. Enter the amount of crypto you wish to purchase and your payment details.
Once your payment has been processed, you will be able to see your crypto balance in your Coinbase account.
How to store your cryptocurrencies on Coinbase
Once you have purchased your cryptocurrencies, you will need to store them in a digital wallet. Coinbase offers a free digital wallet for each customer. To access your digital wallet, go to the ‘Tools’ page and select ‘Wallet’. Here you will see all of the cryptocurrencies that are supported by Coinbase.
To store your crypto, simply select the currency you wish to store and then select ‘Deposit’. You will be given a wallet address to which you can send your crypto. Once your crypto has been received by Coinbase, it will be stored in your digital wallet.
How to sell your cryptocurrencies on Coinbase
If you want to sell your cryptocurrencies, go to the ‘Buy/Sell’ page and select the currency you wish to sell. Enter the amount of crypto you want to sell and choose your payment method. Once your payment has been processed, you will see the funds in your Coinbase account.
Coinbase charges a fee for each transaction. The fee depends on the amount of crypto you are buying or selling, as well as your payment method. For example, if you are buying $100 worth of Bitcoin with a credit card, Coinbase will charge a fee of 3.99%. Fees are also charged when you convert one cryptocurrency to another.