Coinbase is an American company that provides Cryptocurrency exchange services. Brian Armstrong and Fred Ehrsam founded the California-headquartered firm in 2012. Since then, the exchange has enabled thousands of people around the world to buy and sell various virtual currencies such as Litecoin, Ethereum, and Bitcoin etc.
Currently, the exchange has over 8.9 million registered users spread across 32 other countries. The main factors that have driven the popularity of this exchange include extensive customer support and great advice about trading the altcoins.
How To Register On Coinbase
Go to www.coinbase.com and click “Sign up” to begin the registration process. You will be required to provide personal details such as your name and type your password. After verifying your email, you will be required to provide your phone number where a code will be sent to access your account.
Sending Funds To Your Account
You can top up your Coinbase account in different Cryptocurrencies. Go to “Tools” and then “Addresses” to find your wallet address. To send Cryptocurrencies into your account, click on your preferred coin to get its address. You can copy the address and then paste it on your other wallet to avoid any mistake when sending the funds.
Buys And Sells On Coinbase
Coinbase allows its customers to buy and sell different Cryptocurrencies. When you want to buy a digital currency, visit the exchange’s Buys page. Here, you will indicate the virtual currency you want to buy and the amount you will spend in your local currency or digital currency. Select the wallet that will receive the funds and your preferred payment method. Click “Buy” to execute the transaction.
Coinbase also allows its users to “cash out” their Cryptocurrencies. However, the exchange only lets the users sell their digital assets directly into their respective Coinbase fiat wallets. Once you have funded your Coinbase fiat wallet, you may choose to withdraw to your US bank account or buy virtual currencies on other platforms.
Note that the buys and sells options on Coinbase is not available to all customers worldwide. However, the exchange regularly updates its users about the availability of this feature in their country.
You can go to settings to change various aspects of your account. On “My Profile”, you can change your picture, password, and nickname among other personal details. On “Preferences”, you can edit your local currency, notifications etc.
You can go to “Security” to verify your phone number if you have not. You may also choose when to use the two-factor method on your Coinbase account. It is also here where you have access to your account activities and even the option to close your account.
On “Linked Accounts”, you may also link your Coinbase account with other accounts. You can click on “API Access” to create API keys. You can also view your OAuth2 applications here.
Even when Coinbase’s buys and sells options are not available in your area, you could also use the platform in various ways. You can use it for recurring payments and storing your funds securely. You can also send and receive funds on the platform.