Beginners Guide - How to Trade on Coinbase: 3 Simple Steps

Coinbase is a cryptocurrency exchange founded by Brian Armstrong and Fred Ersham. Its base is in San Francisco, California.

Trading on Coinbase has its advantages. It stores the majority of its digital assets in secure offline storage; the cryptocurrency on its servers is covered by insurance; it supports the most popular digital currencies in the cryptomarket; it makes it possible to invest in cryptocurrency gradually by scheduling the purchases daily, weekly or monthly; it is also possible to store funds in a vault with time delayed withdrawals for added security. All these factors make it a safe and easy place to buy, sell and manage a cryptocurrency portfolio. It is user-friendly and convenient for beginners.

Trading on Coinbase is a fairly easy process. You have to create an account. You need to enter a few basic personal details, confirm that you are above 18 years of age and agree to the User Agreement and Privacy Policy.

Step 1 - Create Account

Signup using our referral link, you can get $10 worth of free Bitcoin!


To start trading, you will be required to click on the trade button, Coinbase specifically requests that you perform the identity verification process before making your first purchase.

It will ask you to choose your desired payment method to start buying cryptocurrency from the exchange. You can enter credit/debit card details. There won’t be any charges or purchases required at this step.

Step 2 - Account Verification

You will be asked to verify two pending holds and you will need to do this through your bank website or app to verify your card.

For security reasons, a mobile number needs to be registered. A verification SMS will be sent to the registered mobile number to confirm the account.

Prior to purchasing cryptocurrency, you will have to verify your identity. This is for the security of your transactions and to prevent identity fraud.

You can set up the two-factor authentication for added security. When you try to transact for the first time, it will prompt you for a formal ID which can be your passport or driving license. Coinbase stresses on KYC for the protection of its users. Once this step is completed and the formal ID verified, an email will be sent to you informing you that you are now ready to transact on Coinbase.

Step 3 - Start  Trade

You can put in any amount from your local fiat currency and choose to trade in any of the 9 popular cryptocurrencies supported by Coinbase. You can purchase any of the cryptocurrencies by paying the amount with fiat currency at the current rate and the cryptocurrency will become available for you to trade in or send to other addresses.

Selling involved converting a specific amount of cryptocurrency back into fiat currency. Withdrawing is easy with the help of the wallet of an exchange related to your country.

Trading in cryptocurrency on Coinbase is simple, easy and safe. Coinbase is the perfect platform to join in the crypto movement.

For more information visit official site coinbase.com

Read more about cryptocurrency trading: How to Start Crypto Trading: A Four-Step Guide


Комментарии

Отправить комментарий

Популярные сообщения из этого блога

How to Start Trading on Binance: Step-by-Step Beginner Guide

Изображение
The process itself consists of several mandatory and optional steps. We write out all the details below at the end you have not left a single question. Create personal account We start with the fact that we go to the registration page of the crypto-exchange Binance . On the registration page there are two required empty fields: Email. You should provide your personal valid email address in order to be able to receive a confirmation email and restore your password in future. Password. It must contain minimum 8 characters, at least 1 UPPER CASE and at least 1 number. How to register on Binance: step-by-step manual for newbie Next, you need to check the box next to «I am over age 18 , and I agree to Binance’s Terms» and only then you can click «Create account». The security system of Binance may show you additional check that you are a real person, not a robot. You may be asked to move the puzzle to the right place with the slider at the bottom (left-click and hold the slider itself). N
Далее...

How to Start Crypto Trading: A Four-Step Guide

1. Pick an exchange to trade on Just like fiat finance, to invest in cryptocurrencies you need a place where these coins are traded. To commence you will need to register and put some funds into your account, and then start buying and selling crypto. There are a number of popular crypto exchanges, for example: Binance Coinbase EXMO Bitmex Huobi Bitfinex Such websites can have different terms of service and their trading platforms may differ a lot, so it is best to research and go through several reviews of exchanges (here are two: one, two). This will help you to choose a venue that suits you best. According to CryptocoinCharts’ statistics, there are currently almost 200 cryptocoin exchanges with a total daily trade volume of $3.24 bn though not all of these marketplaces are reliable. Situations where crypto traders lose their money due to the exchange being hacked happen on a regular basis (here are some examples: one, two, three). There are also some cases where exchanges suddenly t
Далее...

Step by Step Guide: How to Buy Bitcoin on Bitfinex

Изображение
Bitfinex is a Hong Kong-based cryptocurrency trading platform founded in 2012 which caters mostly to more intermediate and advanced traders.  The crypto market is considering this platform as one of the world’s most advanced and largest exchange by volume for trading Bitcoin against the US Dollar. There are approximately 72 market pairs linked to the four base currencies of USD, EUR, BTC, and ETH which are currently available on the site. With this, we have prepared steps that are straightforward and easy for you to follow in buying your first Bitcoin on Bitfinex . 1. Sign-up on Bitfinex The first thing you need to do in order to buy Bitcoin on Bitfinex is to create an account.  To create an account on Bitfinex , click on the button below and follow the instructions. Sign-up on Bitfinex On the main page click the ‘Sign Up’ or ‘Open Account’ button to register . how to register on Bitfinex Read through the guidelines and put a check mark on each box as a sign of your agreement. Click
Далее...