Coinbase is an application used to buy and sell all sorts of cryptocurrencies.
The cryptocurrencies like bitcoin, ethereum, litecoin and about 50 others.
You can also use Coinbase to convert one cryptocurrency to another, or to send and receive cryptocurrency to and from other people.
Opening a coinbase account is very easy but it requires some other legal information including legal name, home address, date of birth and last four digits of your social security number.
How To Start The Coinbase Account
To open the coinbase account, first download the Coinbase app for iPhone or Android.
Open a Coinbase account and tap it to “Get Started.”
You can create your coinbase account for sale with your email address and tap “Start.”
Also you can verify your email by tapping a link that was sent to your inbox.
Enter your phone number and verify it by entering a code that was texted to you.
Enter in your name, date of birth and last four digits of your Social Security number.
Note: you need to be at least 18 years old to use it.
Enter your address.
Choose how you will use Coinbase, either for investing, online payments, online
purchases or for investing in other exchanges.
Confirm your source of income.
Tap “Let’s Go.”
Now you’ll start to link your bank account. Search for your bank.
Log into your bank account with the username and password you normally use for banking.
Select the bank account you want to link to Coinbase for purchases and tap “Continue.”
That’s it. You’ll be dropped off on the main page of Coinbase now, where you can get started buying cryptocurrencies.
How To Sell Cryptocurrencies On Coinbase
Tap the blue circle icon on the main page. It shows two arrows. In that choose the icon to Sell.
Select the asset you want to sell.
Choose how much you want to sell, or tap the “Max” button on the left of the page to sell it all.
Review the page, again note the Coinbase fee.
Tap “Sell now.”
How to withdraw your money from Coinbase
To buy and sell funds on the coinbase, there you must have the withdrawal limits.
From the home page, tap your portfolio balance on the top of the screen.
Choose the U.S. dollar option. If you’ve sold some crypto, this should have a value other than $0.
Choose “Preview withdraw.”
Select your bank account. The transfer takes one to three business days.
You can also opt to add a debit card for an instant transfer for a small fee.
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