How to use the Coinbase exchange? Detailed usage tutorial

To create an account on Coinbase, visit their website or download their mobile app and follow the instructions by providing your name, email address, and phone number.

Oct 06, 2024 at 08:53 pm

1. Create an Account

• Visit Coinbase's website or download their mobile app.
• Click on "Get started" and follow the instructions to create an account.
• Verify your identity by providing your name, email address, and phone number.

2. Add a Payment Method

• Once your account is created, you will need to add a payment method.
• Coinbase supports various payment options, including bank transfers, credit/debit cards, and PayPal.
• select your preferred method and follow the instructions to add it to your account.

3. Buy Cryptocurrency

• To buy cryptocurrency on Coinbase, click on the "Buy/Sell" tab.
• Choose the cryptocurrency you want to buy and enter the amount you want to purchase.
• Coinbase will display the current price of the cryptocurrency and the fees associated with the transaction.
• Click on "Buy" to complete the purchase.

4. Sell Cryptocurrency

• To sell cryptocurrency on Coinbase, click on the "Sell" button in the "Buy/Sell" tab.
• Choose the cryptocurrency you want to sell and enter the amount you want to sell.
• Coinbase will display the current price of the cryptocurrency and the fees associated with the transaction.
• Click on "Sell" to complete the sale.

5. Send Cryptocurrency

• To send cryptocurrency from your Coinbase account, click on the "Send" tab.
• Enter the recipient's cryptocurrency address and the amount you want to send.
• Coinbase will display the fees associated with the transaction.
• Click "Send" to initiate the transfer.

6. Withdraw Cryptocurrency

• To withdraw cryptocurrency from Coinbase, click on the "Withdraw" tab.
• Choose the cryptocurrency you want to withdraw and enter the amount you want to withdraw.
• Coinbase will display the fees associated with the transaction.
• Click "Withdraw" to complete the withdrawal.

7. Store Cryptocurrency

• By default, your cryptocurrency will be stored in Coinbase's custody.
• However, you can also store your cryptocurrency in a hardware wallet or a third-party wallet.
• Coinbase provides instructions on how to store your cryptocurrency safely.