As the interest and investment in cryptocurrencies has increased this year, the need for a secure exchange that facilitates the purchase of cryptocurrency has become increasingly important. One of the most popular exchanges that is currently available is Coinbase.
Launched in San Francisco in 2012, Coinbase is present in 32 countries and has served more than 12 million customers to market more than $ 40 billion in digital currencies. In 2013, Coinbase was the best-funded Bitcoin start-up and the largest exchange of cryptocurrencies in the world. Unlike other exchanges requiring users to trade in a market, Coinbase allows their cryptocurrency based users to swap their market value so they can buy their cryptocurrency faster than other exchanges. Coinbase is also one of the few exchanges of cryptocurrencies that accept credit cards (in addition to bank transfers).
If you sign up for our Coinbase link and deposit $ 100, you’ll receive a $ 10 bitcoin allowance.
Officia site>>> coinbase.com
Coinbase charges vary between approximately 1.49% and 3.99% which i think is high compared to other exchanges, depending on the payment method used, and credit card transactions lead to higher fees. Coinbase rates are generally lower than those of competitors who operate a similar business model as Coinmama or CEX.
Currently, Coinbase only allows users to buy Bitcoins, Ethereums, and Litecoins, though it plans to add more currency to the platform. The “forks” of cryptocurrency in terms of how Bitcoin, Bitcoin cash and Bitcoin gold even Bitcoin Diamond, said Coinbase would only offer transactions in those currencies if there are security guarantees. In addition, Coinbase operates the GDAX exchange for professional operators.
Set up a Coinbase account
Follow the step-by-step guide below to purchase a cryptocurrency via Coinbase.
Registration: To create an account on Coinbase, all you need is your name, email address and password.
Account Type: Upon request you will be asked to confirm your e-mail address. Once you’re done, you will be redirected to the home page, where you’ll be asked to confirm if you want to create an individual or business account.
Check your phone number: The next step is to confirm your phone number. The reason is to create a two-factor identification form to ensure the security of your account. Other methods for identifying two factors are also available, as shown below.
Configuration of payment mode: As mentioned above, customers in Coinbase can choose between two payment methods: bank transfer and credit card. For bank transfers, Coinbase often makes one or two small transactions to and from your account to confirm your account. Credit cards require a screenshot of the credit card. US Bank Transfers. You may need 4 to 5 days or 1 to 3 days for SEPA Transfers in the EU, while credit and debit card transactions are immediate.
Buy Cryptocurrency: Once you have money in your account, you can buy currencies. It is important that you are in the correct tab of your account to buy the correct currency. Before confirming the transaction, Coinbase will provide you with detailed information about the transaction fee and the amount of the cryptocurrency purchased during the transaction. Upon confirmation, the amount of cryptocurrency you have purchased will be credited to the corresponding Coinbase portfolio.
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