What is Coinbase and How to set up the Coinbase Account?

Coinbase is one of the most credible platforms that make it easy to buy and sell cryptocurrency. It is an online wallet that allows you to store, send, and receive digital assets. Today it has around 13M users and it is considered the most trusted platform for purchasing Bitcoin, Ethereum, and Litecoin etc. This site attracts many people because of its features like mobile apps to make it user-friendly. Coinbase has also made account creation very easy as it only requires the basic information to open a new account there- Name, email ID, and password.

Coinbase also offers two-factor authentication which will require you to enter your password, as well as the four-digit code that Coinbase will provide via text or email verification, which will help you complete your transaction on their website. 

Here are some Coinbase features:

• Transaction fees are very low (0.6% for Bitcoin and 1% for Ethereum).
• Receive the money directly to your wallet within several minutes. It could take up to 10 minutes to send money back. However, if it is urgently needed, the transfer could be instant.
• Cash-out to your bank account or PayPal. You can also choose to receive Gold Rewards which is an American Express card with 1% cash back on every purchase at local stores like Starbucks and other restaurants—as a form of payment for buying Bitcoins within Coinbase's exchange platform. 
• Coinbase is available in 32 countries. US citizens can only buy digital assets through Coinbase. So, if you are a US citizen, you can buy digital assets by buying Bitcoins/Ethereum/Litecoin on the Coinbase platform using the payment method i.e. Credit card, debit card, or bank transfer, etc.

Now you should also know the entire process of setting up the coinbase account properly. Here are the steps required to set up your Coinbase Account.

Step 1: 

Create an account on Coinbase by clicking here. Select how you are going to pay- either via Debit card or Bank Account. Enter your basic details like Name, email ID & password etc. 

Step 2: 

Once you have successfully created your Coinbase Account, you will be required to verify your Email ID. You can do that by following these steps:

1. Go to the official webpage of Coinbase and enter the email address that you used when creating your account.

2. Click on the "Verify Email" button after entering your email ID. You will be directed to Coinbase's verification page. 

3. Enter the generated password and click on "Submit". You will now receive a link by which you can log in to your newly generated Coinbase account (Email verified). 

4. Once you successfully log in, go back to step 1 and log in by clicking here.  Click on " My Account "

5. A verification link will be sent to your email ID or mobile number. Click on the link or enter your mobile number in the box provided to verify the account.

6. Once you verify your account, you can fund it by selecting "Buy/Sell" option under the Dashboard.

Step 3: 

Select either Bank Transfer or Credit Card to fund your Coinbase Account. You can easily do that by clicking on “Deposit/Withdrawals”.

Step 4:  

Once you have successfully funded your Coinbase Wallet, you can easily buy digital assets like Bitcoin, Ethereum, etc through it by clicking on Buy/Sell button under Dashboard.  

Step 5:

Now, select the asset you wish to buy and follow the steps provided. Select either Bank Transfer or Credit Card to make payment for your Bitcoins. Once the payment is completed successfully, you will be able to see your Assets (Bitcoins/Ethereum) in “My Account”.  

Step 6:

Now, click on the “Withdraw” option under “My Account”. You can withdraw your coins to personal wallet. 

Step 7:

Once you have successfully withdrawn the coins, you can use them for any purpose.

Coinbase Pro Login:

Today, Coinbase has launched “Coinbase Pro login” option which is a professional version of this platform that enables users to get enhanced features. Both plans provide excellent security and ease of use. Although Coinbase has higher fees, it’s built for people new to investing in cryptocurrency. Coinbase Pro offers more transaction types with lower fees, perfect for active traders. If you go for coinbase pro login, you can enjoy the benefits it offers for advanced traders. It includes features such as: 

• TradingView

It is an optional add-on for the official Coinbase Exchange. It provides graphical charts and historical data for upwards of 60 cryptocurrencies and two fiat currencies (US Dollar and Euro).

• Blockfolio:

A portfolio tracking app that lets users keep tabs on their portfolio and allows you to create alerts.

• Coinbase Custody 

A private wallet called "Coinbase Custody", which the company describes as the most advanced way to store funds of all kinds. 

• Trade Engine

The Coinbase Pro trading interface is a separate piece of software that the company created and open-sourced recently.