What is Coinbase and how does it work?
What is Coinbase and how does it work?
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. There are more than 90 coins available on Coinbase, so we won’t list every single one. But here are some of the most popular ones that Coinbase provides access to:
The key mission of Coinbase is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.
Coinbase makes buying and selling digital currency easy.
Sending or receiving digital currency between online wallets, friends, or merchants on Coinbase is free!*
The company handles security and backups so you don’t have to worry.
They are a “one-stop shop” – we offer a wallet, an exchange, and merchant tools within one simple interface.
Coinbase is a platform on which many applications are being built using our API.
How to open a Coinbase account
Opening a Coinbase account is easy. Here’s what Coinbase says you’ll need to create an account:
If none of this is a problem, you’re ready to create an account. To do so, enter your first and last name, email, and state of residence, and create a password. You’ll also have to check the box confirming you are at least 18 years old. The only thing left to do after that is to set a password. Be sure to set a strong, unique password to keep your account safe.
You’ll also want to add a payment method so you can move money into your Coinbase account. U.S. customers can use a variety of methods, including a linked bank account, debit card, PayPal, Apple Pay, or wire transfer. Note that PayPal is only available to U.S. customers, and you can only use it to buy cryptocurrency or to cash out.
Once you create your account and add a payment method, you are ready to start trading cryptocurrency.
How to buy and sell cryptocurrencies on Coinbase
If you have already linked a payment method to Coinbase, buying and selling couldn’t be easier. When logged into your Coinbase account, here are the steps to buy cryptocurrency: