how does coinbase work for beginners

Coinbase simplifies cryptocurrency trading for beginners, offering secure registration, diverse funding options (bank transfer, cards), easy crypto purchases (Bitcoin, Ethereum etc.), and secure wallet storage with transaction history. Remember to enable 2FA!

Mar 21, 2025 at 02:44 pm

First, you need to download the Coinbase app from the mobile app store or the official Coinbase website. After opening the app, click the "Register" button, fill in a valid email address, and set a strong password, which is best containing letters, numbers and special characters. After completing this step, Coinbase will require you to authenticate, usually requiring a government-issued photo of your ID card, such as an ID card or passport, to ensure your account's security and compliance. At the same time, it is recommended that you enable two-step verification (2FA), and you can choose to use SMS verification code or use an authenticator application (such as Google Authenticator) to add an additional layer of security to your account.

Once the funds arrive, you can start buying cryptocurrencies. In the Coinbase trading interface, browse the list of cryptocurrencies available for trading, such as Bitcoin, Ethereum, etc. Select the cryptocurrency you want to purchase, enter the purchase amount or the cryptocurrency quantity, and confirm transaction details, including information such as handling fees. Coinbase's handling fee depends on factors such as transaction amount, payment method, and market conditions. Be sure to check it carefully before confirming the transaction. After confirming that, click the "Buy" button. After the transaction is completed, the cryptocurrency you purchased will be displayed in your Coinbase wallet.