If you want to buy cryptocurrencies and you are wondering how to do it, in this guide we will explain you how you can do it using Coinbase. The process is very easy and in five minutes you can have a Coinbase account.
Coinbase allows you to buy, sell, receive and send Bitcoin, Litecoin, Ethereum and Bitcoin Cash, four of the most important cryptocurrencies in the market. (Indeed, all of them are in the top five virtual currencies by market capitalization).
Let’s get into the article.
How to Create a Coinbase Account?
The first thing you need to do is go to Coinbase and select the Sign Up option.
Here you will have to create your account by providing the information required, name, surname, e-mail address, and a password.
In order to have full access to your account you will have to confirm your email address, add your phone-number, verify your identity, and add a payment method. This will let you withdraw and deposit more funds, and will let you have advanced security features.
Confirming your email address is the easiest thing you will be required to do. Most of the platforms ask a confirmation via email.
The phone number is vey important if you want to use Coinbase. It is the direct contact you will have with the platform in case you have problems with your account. At the same time, it will provide you with security features like 2-factor-authentication.
The identity confirmation is also an important procedure for Coinbase. It is needed in order to comply with Know Your Customer (KYC) policies requested by the regulatory authorities. If you do not want to provide your personal information, then, you will not be able to fully use Coinbase’s account.
Once you have fulfilled all these steps, you will be able to purchase your favourite cryptocurrencies. If you would like more functionalities (including trading), you will have to open a GDAX account. This is a cryptocurrency trading platform that is owned and run by Coinbase.
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