Coinbase is the market for every of the crypto you might need. But before you can use the crypto market you will need to transfer some of your cryptos to the market. Ethereum and Bitcoin are the two crypto coins currently leading the sales of cryptocurrencies around the globe. The most challenge anyone would have to face is how to first own a Coinbase account and avoiding getting defrauded. This post is centered mostly on ways to use the Coinbase market.
How to create a Coinbase Account
To start selling and buying crypto on the online store is the need to first own a Coinbase account. For first-timers, there might be a little bit to learn but very simple.
The first step to creating an account in this cryptocurrency market is to launch your favorite browser preferably chrome and enter Coinbase dot com
On the sign-in page click on sign up or don’t have an account
Once the signup page load fill in your details, the password should not contain a common word like ‘love or password’ and should also contain special symbols like @ along with numbers.
Log into your email and confirm your mail through the link in your inbox.
The next step is to have your phone ready, once your phone is ready, fill in your phone number on the phone number page. Coinbase already has the normal country code that starts every number, so you should enter the phone number without the first leading zero that starts it.
When you have entered your primary contact details, you will receive a seven-digit OTP, a one-time password to confirm your phone digit. Enter the OTP digits to confirm your phone number.
One last thing is to transfer your crypto from your wallet to Coinbase. Hence, you can start trading with the crypto in your account.
Furtherance after now you have to own an account you can easily trade Bitcoin or other cryptocurrencies with other users who now own an account. On your portfolio, you will see the number of currencies you have in your account. The three major cryptocurrencies you can trade on Coinbase are Bitcoin, Ethereum, and Litecoin.
How to get free five dollars when you have set up your account
Most people do not know that they can earn a free five dollars on Coinbase. Therefore once they have created an account they let it slip which is not too awesome as you are entitled. To no let your free five dollars slipped by, set up a recurring buy of 50 dollars, once you have done this, on your second purchase you get to earn a free five dollars. The way Coinbase sets up security most often times you try to log on to your account. There is always a need to constantly enter an OTP each time you log in to your account.
For a more insurance-backed platform, you can always use the Coinbase pro. Importantly, you might need to check the availability of the pro version in your country. This is because this version of the trading market is currently not available in some countries. Meanwhile, the platform has made it so easy for users to easily know if they can use the pro version due to country of residence. Currently, the only state in the US not backed by Coinbase pro in Hawaii.
There are two ways to funding your account. The two ways are to fund your account with direct currency through money transfer or via cryptocurrency from a previous wallet. To fund your account with GBP, enter pro.coinbase.com/trade. Thereafter, from the left-hand under wallet balance, choose deposit and select currency type. On the deposit menu, select your bank account tab, and select ‘From’ then add the account link.
When you have been redirected to Coinbase, from the deposit GBP menu, select your bank account and use the displayed information to initiate your UK Bank transfer. Verify your UK ID and confirm the phone number in your Coinbase account. Make sure that the name in your Coinbase account matches with the name in your Bank account. Therefore you have successfully transfer funds to your account. Visit this post on top twitter apps and Learn more about cryptos using this link.