A beginner’s guide to Coinbase cryptocurrency
Coinbase exchange was introduced in 2012 as a wallet or exchange for cryptocurrency in San Francisco. Since then, it is known to serve as a digital currency for more than 20 million clients across 32 countries led by the US. It is also the biggest exchange across the globe and it is the highest funded crypto startup as well. The initial idea of the Coinbase funding team consisted of Brian Armstrong, Fred Ehrsam, and Ben Reeves. Although the team departed with each other as they have a difference of opinions, Armstrong and Ehrsam later enrolled in the 2012-Y combinator startup incubator summer program, the company later launched a platform for buying and selling bitcoin and making use of fiat bank transfers.
Coinbase since then has been gaining investments and taking over other similar wallets.
What is so unique about the Coinbase?
Coinbase is one of the biggest trading wallets in the world depending on the trading volume it has. More than 25 million people have registered with it and it revolves around 150 billion exchanges made on the platform. Coinbase is one of the leading cryptocurrency exchanges in the world which allows you to go for fiat funding through debit cards or bank transfers as well.
When it comes to bitcoins or other sorts of cryptocurrencies, Coinbase doesn’t provide you with market-based trading. Unlike the other cryptocurrencies that allow direct trade based on live market prices, the Coinbasesupport number serves as a middleman, setting a price for each coin. This makes it easy and possible for them to buy and sell cryptocurrencies quickly and conveniently.
How can register with Coinbase?
- If you want to open an account with Coinbase, you will have to register with them on their website. Once you are in there, you will have to ‘Sign up’ from the drop-down menu and right-click on it.
- Then you have to verify your account through the verification link sent to you on your email. You have to input your country, phone number and then proceed further.
- A page will be displayed where you will have to enter the 7-digit code that was sent to your phone. You will have to input the code and then proceed further.
- After entering the code, you will have to confirm your email id.
Adding of the payment methods
Once you have made your account, you will have to provide your payment method before you can buy any cryptocurrency. There are three different payment methods for the same:
- Debit card
- Wire transfer
- Bank account
Placing your orders
All you need to do is visit the dashboard and locate the Buy and Sell tab on the left corner. Once you have clicked on this, you will be able to determine the amount of cryptocurrency you plan on buying and selling.
Selling cryptocurrencies is very easy, just like you want to buy a product.