Coinbase

Coinbase is one of the leading cryptocurrency exchange sites, founded in 2012 and based in San Francisco USA. They were among the first exchanges that grew massively when Bitcoin boomed boom and currently have over 25 million active users. Coinbase offers you the possibility to buy and sell an ever growing number of cryptocurrencies, Bitcoin, Ethereum and even more recently Dogecoin. On April 14, Coinbase became the first publicly listed crypto exchange with their Nasddaq listing. The reference price of $250,00 a share gave the company a $47billion valuation.

With its fast and secure transactions, good prices and easy withdrawal systems, Coinbase is one the most solid and reputable places for you to start your crypto adventure. Opening your account and doing your first transactions is simple and fast and makes it possible for you to begin investing, playing or buying with your Bitcoin, for example, within a couple of hours only. Depending on the volume that you are looking to buy, identity verification applies.

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Another great feature that Coinbase offers is the recurring payments function, where you can set Coinbase’s system to buy and sell on a regular basis, subscribe to merchant services, pay your bills and schedule future payments so you never miss out on any payments you should have made.

The crypto prices are updated automatically in the system and shows you the current buying and selling price, which will always have a few dollars of difference as that is how Coinbase makes their money by taking a commission. You can also use Coinbase as a wallet and safely send and receive crypto with ease, with either a small or no fee attached to it.


Buying Cryptocurrency

The purchasing process at Coinbase a very simple process. Upon registering an account with Coinbase, verify your identity, bank details and your phone number and you are ready to go. All of this only takes a few moments and allows you to upload money to your account so you can buy Bitcoin and other cryptocurrency.

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Once fully verified you simply place an order for the amount that you want to purchase and Coinbase will show you exactly the amount of money that they will deduct from your bank account. Since bank transfers in general take a little time, you will not receive the new purchased instantly, but it might take a day while before they are in your account. You can also wire transfer funds to your Coinbase account. This usually takes up to 48 hours.

If you want to be able to buy cryptocurrency instantly, then you need to add and verify a credit card. The process is very fast and once it has been fully verified it allows you to buy crypto instantly by using it.


Withdrawing Funds

Withdrawing the money you have in your account can be done by requesting a bank transfer or to your credit card. It is straightforward and your withdrawal will be send to your account within a couple of days, depending on your bank.


Transferring Coins

Transferring coins to another user or to another wallet of yours can be done fast and simple by making a send money/crypto request. You simply have to fill in the receiving party’s wallet address, the amount you want to send and fill in the optional message and the chosen currency is on its way. Transfers takes 10-50 minutes depending on the network, so it is basically instant.

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Requesting Payments

If yfor example you want to receive Bitcoin or money in your account from other users then you have to make a payment request in Coinbase’s system. The payment request sends an email to the user you need to receive from, with the amount that you have specified that you need to receive and with your unique wallet address. Once the other party has send you the Bitcoins or funds it will be credited to your account and you can do whatever you want with it.


How to Buy and Sell on Coinbase?

Buying and selling on Coinbase is very easy and only takes a few moments to go through the system. The buying and selling price is always decided by Coinbase and once you have placed a buying or selling order in the system by filling in the needed fields, then your order will be processed.

When you buy coins you simply fill in the amount that you want to purchase and the total amount of money you will have to pay will appear. From there you choose if you want to pay with your bank or with your credit card and as soon as Coinbase has received your money they will transfer the crypto to your account.

When you are selling your cryptocurrency, it is the same process, where you fill in the amount of that you want to sell and see how much you will be paid in total. You will then receive the funds in your bank account or on your credit card within a few banking days and the order has been successful. There is nothing else to do, making Coinbase a very easy place to buy and sell your cryptocurrency.