Coinbase the giant bitcoin exchange site which has 500 employees.
A user can buy cryptocurrencies with a Credit card or bank transfer after signing up coinbase.
It is very easy to create an account on coinbase just like to buy products from an online store.
A user can buy cryptocurrencies with a Credit card or bank transfer after signing up coinbase.
It is very easy to create an account on coinbase just like to buy products from an online store.
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| Coinbase User Graph |
There is nothing to know in advance about bitcoin or cryptocurrencies to buy bitcoin from coinbase. I am showing you how to start with coinbase.
Coinbase Sign Up
Open your browser and go to Coinbase.com, the website will appear, now click on the “Get Started” button as in the picture, situated on the right side of your computer.
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| Coinbase Home Page |
Now a new window will appear.
If you want to invest as for your company you have to choose the “Business” and then “Institutional Investing “and if you want to accept cryptocurrencies for your e-commerce business then you have to sign up “Merchant Service”.
Follow the image..
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| Business or Merchant Account Creation Window |
In general, for the individual investor, you need nothing to do. Just sign up using your details.
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| Individual Account Creation Window |
Input your Real name and choose a password which is uppercase, lowercase, letter, and complex sign combination.
Must choose a password which is at least 8 characters long and would a complex one.
Must choose a password which is at least 8 characters long and would a complex one.
Now solve the captcha and tick on the User Agreement & Privacy Policy and press button “CREATE ACCOUNT”.
So you have created an account on coinbase.
Now it is time to verify it.
Sign in your mail account and an email has been sent to you to verify the email address that you have provided when you were signing up.
Open the email and click on the link and your email verified coinbase account has been created successfully.
Now it is time to verify it.
Sign in your mail account and an email has been sent to you to verify the email address that you have provided when you were signing up.
Open the email and click on the link and your email verified coinbase account has been created successfully.
You have not bought anything from coinbase yet.
If you want to buy bitcoin from it then it needs to go some further steps.
If you want to buy bitcoin from it then it needs to go some further steps.
1. Phone Number Verification
2. Address Verification
3.Document Verification
How to verify Phone Number in Coinbase?
I think you have logged in coinbase, now click on the Setting and then Security and add your mobile phone number and click on the verify button.
A message will be sent with a Code and input the code in the box that you will find there and now your phone number is now verified.
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| Add Phone Number |
A message will be sent with a Code and input the code in the box that you will find there and now your phone number is now verified.
Setting > Security
One important thing that is you must enable 2-factor authentication system.
Every time when you log in an SMS will be sent to you and after input the SMS code an email will be also sent to your mail and you will be logged in clicking on the verification mail link.
You can skip this process for the next 30 days too.
This is really a very good security system coinbase is using. So never forget your email password and always use a good email service.
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| 2 Step Verification for strong security |
Every time when you log in an SMS will be sent to you and after input the SMS code an email will be also sent to your mail and you will be logged in clicking on the verification mail link.
You can skip this process for the next 30 days too.
This is really a very good security system coinbase is using. So never forget your email password and always use a good email service.
How to verify the address in Coinbase?
Go to your Coinbase dashboard and click on the Setting and then My profile and fill up the form using your details.
Your real name, address, country etc. Please make sure you have input the details truthfully.
It is very important for you. You have to be honest with Coinbase when input your data.
Your real name, address, country etc. Please make sure you have input the details truthfully.
It is very important for you. You have to be honest with Coinbase when input your data.
Setting > My Profile
How to verify documents in Coinbase?
Coinbase provides its bitcoin exchange service 32 countries in the world and transaction to all over the world.
So if you are from the listed 32 countries then you would be requested to submit your documents like ID card, Passport, and Driving License etc.
Only Coinbase approved 32 countries people can buy cryptocurrencies from Coinbase.
So if you are from the listed 32 countries then you would be requested to submit your documents like ID card, Passport, and Driving License etc.
Only Coinbase approved 32 countries people can buy cryptocurrencies from Coinbase.
To verify your documents just go to Setting and then Limits and there you will need to upload one of the documents you choose to verify with.
The next step is your ID verification with your device enabled webcam. A screen will appear, enable your camera, and hold your ID in your hand.
Hold it in such a way so that your face and ID can see clearly. Make sure your web camera produces a good quality photo.
Hold it in such a way so that your face and ID can see clearly. Make sure your web camera produces a good quality photo.
It may take about one day to several days to complete your ID verification system because Coinbase does this manually.
A real human will check your details and then approve your account.
A real human will check your details and then approve your account.
USA users of Coinbase can exchange bitcoin or cryptocurrencies for cash using PayPal and it also supports direct wire transfer, Credit or Debit master card.
The most popular and safe way to buy bitcoin is to add a bank account and transfer your money.
PayPal hates bitcoin because bitcoin is its direct competitor so if PayPal find any fault it will seize your money and you will get in trouble.
So as much as possible please avoid it and there is another advantage you will get from bank transfer that is your transaction data is stored in your bank and you can collect it anytime from your bank if you have any problem with your bitcoin investment sites.
The most popular and safe way to buy bitcoin is to add a bank account and transfer your money.
PayPal hates bitcoin because bitcoin is its direct competitor so if PayPal find any fault it will seize your money and you will get in trouble.
So as much as possible please avoid it and there is another advantage you will get from bank transfer that is your transaction data is stored in your bank and you can collect it anytime from your bank if you have any problem with your bitcoin investment sites.
To add your Credit card, Debit master card or bank account you have to go to your Coinbase dashboard.
There you will find the payment method and you have to select an option and have to add it there.
Using your Credit card, Debit master card or PayPal you can buy bitcoin instantly but with your bank account it may take up to 2 days after linking it to the site.
There you will find the payment method and you have to select an option and have to add it there.
Using your Credit card, Debit master card or PayPal you can buy bitcoin instantly but with your bank account it may take up to 2 days after linking it to the site.
How to increase Coinbase buying limits?
There is a limit on buying cryptocurrencies on a new account because to prevent money laundering. Coinbase limits for the new account is 300$ but there are three ways limits can be increased.
Completing Profile:-
Complete your profile, fill up with all the necessary data, verifying phone number, submitting one document.
Be a regular buyer: -
active user all time get the more priority and regular buying will also increase the limits.
Get old: -
Coinbase removes limits from the older account.
How to get a 10$ reward for free?
If anyone joins in Coinbase and buy at least 100$ worth bitcoin will get a 10$ bonus.
If you buy 100$ bitcoin then you will get 110$ worth bitcoin. This is really good for the user.
A user can invite friends to Coinbase and they can also get 10$ more if his or her invited friend deposit at least 100$.
If you buy 100$ bitcoin then you will get 110$ worth bitcoin. This is really good for the user.
A user can invite friends to Coinbase and they can also get 10$ more if his or her invited friend deposit at least 100$.
Limitations Of Coinbase:-
Coinbase provide cryptocurrency exchange services to 32 countries in the world but it can send cryptocurrencies about 190 countries of the world.
So if you are not from its listed country you cannot buy or sell bitcoin from Coinbase.
Coinbase provide cryptocurrency exchange services to 32 countries in the world but it can send cryptocurrencies about 190 countries of the world.
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| Coinbase Service Proving Countries |
So if you are not from its listed country you cannot buy or sell bitcoin from Coinbase.
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