Coinbase & GDAX Review/Tutorial With Video!

Founded in San Francisco in 2012 as part of Ycombinator, Coinbase is one of the oldest Cryptocurrency exchanges around. Coinbase is the biggest Bitcoin broker/exchange around, supporting 32 countries and more than 4 million customers around the world. Coinbase operates differently from traditional cryptocurrency exchanges. Instead of requiring users to trade on a market, Coinbase directly sells cryptocurrency to users at a set price (based off the current market price). This allows users to buy their cryptocurrencies more quickly than on an exchange.

Coinbase is also a hosted web-based E-Wallet used for sending, receiving and storing bitcoins.

HOW TO REGISTER

You’ll first need to sign up for an account, which simply entails entering your email address and choosing a password. After verifying your email address, you’ll be redirected to your user home page, which will include a quick start guide. This will help you buy your first bitcoin, learn how to accept bitcoin payments, and invite friends and earn a $10 bitcoin credit. On this home page, you’ll also be able to quickly view your account activity, current balance, as well as the ability to send and request money.

WHO CAN BUY?

Coinbase offers its services in the United States, United Kingdom, Canada, Singapore, and the following European countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden and Switzerland.

REQUIREMENTS FOR PURCHASE

In order to add bitcoins to your Coinbase wallet, you’ll need to connect it to a bank account or credit card (Visa only), and verify your phone number. The number of bitcoins you can purchase each day depends on your “level”:

• Level 1 – Verify your email address and phone number, and link your bank account. This will then give you the ability to purchase up to 10 bitcoins per day, and sell up to 50 per day.

• Level 2 – Complete a purchase, and verify your identity. You’ll then be able to purchase and sell up to 50 bitcoins per day.

When purchasing bitcoins, Coinbase gives you two options: Regular buys and Instant Buys. Regular buys will take four business days to process, while Instant Buys will allow you to receive your bitcoins “in seconds.” Once bitcoins have been added to your account, Coinbase securely stores them, and allows you to send them out as needed, whether you’re investing, paying friends, or shopping online.

HOW TO PURCHASE

1) Signup and Verify Your Email Address

The first step is to create an account. Initially you will only be asked for your name, email, password, and state.

2) Choose Your Account Type

After you confirm your email address, you will be taken through a 4 part process to buy. Choose whether you want to create an individual or business account.

3) Verify Your Phone Number

You will then need to verify your phone number. This is used as a form of 2-Factor Authentication, helping to secure your account.

4) Set up Payment Method

The next step is to set up a payment method. Coinbase accepts payment through bank transfer and credit card. When setting up your bank account with Coinbase, they may first initiate two small transactions, then require you to verify the amounts. When setting up a credit card, you’ll likely need to upload pictures of your credit card. Both methods may require you to verify your identity. This is required by almost all cryptocurrency exchanges who handle fiat currencies (USD, EUR, Etc.), to comply with various government regulations.

5) Buy Bitcoin, Ethereum, and/or Litecoin

Lastly, it’s time to make your cryptocurrency purchase. The price and all Coinbase fees are clearly stated at the time of placing your order.

CONCLUSION

Use Coinbase to buy your Bitcoins, the service is solid. However, once you buy your Bitcoins you can transfer to a wallet that you completely control like Ledger wallet or any other secure wallet. You can also maintain a portion or all of your cryptocurrency in the exchange in order to stay liquid and have the option to transfer the funds directly in to your bank account.

  Click Here to Visit Coinbase.com and get started today. Receive $10 in Bitcoin once you invest $100 or more

Subscribe to our website be part of our crypto community and never miss an update. www.CryptocurrencyAltcoins.Com

Watch our Coinbase GDAX Review Tutorial Video below: