how to buy velo on coinbase wallet

To purchase VELO cryptocurrency on Coinbase Wallet, users can create an account, verify their identity, add a payment method, and execute a VELO purchase.

Nov 02, 2024 at 07:12 pm

How to Buy VELO on Coinbase Wallet

VELO is a cryptocurrency that is used to power the Velo Protocol, a blockchain platform that enables cross-border payments and remittances. VELO is available for purchase on Coinbase Wallet, a mobile app that allows users to buy, sell, and store cryptocurrencies.

Step 1: Create a Coinbase Wallet Account

If you don't already have a Coinbase Wallet account, you can create one by downloading the app from the App Store or Google Play Store. Once you have downloaded and installed the app, follow the prompts to create an account.

Step 2: Verify Your Identity

Before you can buy VELO, you will need to verify your identity. This is a requirement of all cryptocurrency exchanges, and it helps to prevent fraud. To verify your identity, you will need to provide your name, address, and date of birth. You may also be asked to provide a copy of your government-issued ID.

Step 3: Add a Payment Method

Once your identity has been verified, you can add a payment method to your Coinbase Wallet account. You can add a bank account, debit card, or credit card.

Step 4: Buy VELO

Once you have added a payment method, you can buy VELO. To do this, tap on the "Buy" button in the bottom navigation bar. Then, select VELO from the list of available cryptocurrencies. Enter the amount of VELO you want to buy and tap on the "Buy" button.

Step 5: Store Your VELO

Once you have bought VELO, it will be stored in your Coinbase Wallet account. You can view your VELO balance by tapping on the "Portfolio" tab in the bottom navigation bar.

Conclusion

Buying VELO on Coinbase Wallet is a simple and easy process. By following the steps outlined in this article, you can buy VELO in just a few minutes.