To create Coinbase, download the Coinbase app, create a Coinbase account, and validate your email address.
Following that, validate your phone number, enter your details, upload your driver’s license, and proof of address.
After you’ve uploaded your ID, wait two to three minutes for it to be evaluated. That is exactly How to Create a Coinbase Account
According to many sources, Coinbase is one of the most popular bitcoin exchanges in the world.
Coinbase, founded in 2012 by Brain Armstrong and Fred Ehrsam, will have over 1,000 workers and generate over $1 billion in revenue by 2021.
Coinbase simplifies the process of purchasing Bitcoin, Ethereum, or other cryptocurrencies.
The exchange features a straightforward user interface that is ideal for novices.
Additionally, Coinbase has a dollar-cost averaging tool that allows you to acquire bitcoin automatically every week.
If you’re more savvy, you can use Coinbase pro, which offers reduced costs and more features.
You may use Coinbase Pro to execute market, limit, and stop orders.
This article will teach you how to establish a Coinbase account, verify it, and begin purchasing bitcoins.
How to open a Coinbase Account
To get started, you’ll need to download the Coinbase app and validate your email address.
Following that, validate your phone number, enter your details, upload your driver’s license, and a proof of address.
After uploading your ID, you must wait two to three minutes for it to be evaluated.
After around 2 to 3 minutes, you’ll know the status of your ID’s evaluation.
If you are successful, you will be sent to the Coinbase webpage, where you may begin purchasing cryptocurrency.
If you are unsuccessful, you must retake the front and back of your identification.
Additionally, the account creation procedure asks you to answer questions about your income, job status, and other personal information.
Coinbase is required by federal law to ask you those questions.
Additionally, this is referred to as the Know Your Customer (KYC) procedure.
The following steps will guide you through the process of creating a Coinbase account:
- Create a Coinbase account using a referral link.
- Begin by creating a Coinbase account.
- Verify your email address and telephone number
- Supply your information.
- Respond to a few questions
- Upload your identification
- Upload an address verification document
- Allow 2-3 minutes.
Create a Coinbase account using a referral link.
To begin, register an account using this link: Create Coinbase Account. You’ll receive $10 USD in free Bitcoin when you use a referral link.
To qualify, you must purchase or sell $100 USD or more within 180 days of account opening.
The sum can be spread between many transactions—for example, five $20 purchases. It is not necessary to spend $100 in a single transaction.
Sign up for a Coinbase account.
After clicking the referral link, you’ll see a number of forms. This contains the fields “First Name,” “Last Name,” “Email,” and “Password.”
To begin, enter your first name in the area labeled “First Name.” Second, put your last name in the area labeled “Last Name.”
Thirdly, under the “Email address” field, enter your email address.
Fourth, construct a password (at least eight characters in length) and put it in the “Password” section.
Finally, accept the user agreement and privacy statement and click “Create account.”
Confirm your email address and phone number
After clicking “Create account,” you’ll be sent to the “Verify your email” page. Now, an email with a verification link will be sent to you.
To begin, check your email for a link to verify your account. Following that, click the verification link to confirm your Coinbase email address.
If you did not receive the email, check your spam and trash folders. Alternatively, you can click “Resend email” to resend the email.
Typically, the email will come in less than five minutes. On Coinbase, two-step verification is required.
After verifying your email address, you’ll want to enable two-step verification. This additional degree of protection is necessary to setup your Coinbase account.
To begin, enter your phone number in the area labeled “Phone.” Following that, click “Continue” to go to the next stage.
Following the entry of your phone number, you will be sent to the “Enter authentication code” page.
Coinbase will send you a text message with a seven-digit verification code. Examine your SMS messages and make a note of the seven-digit code.
Then, copy it and paste it into the “Code” area, then click “Continue.” If you have not received the code within five minutes, click “Resend code” to resend it.
Include your contact and personal details.
After verifying your phone number, you’ll be prompted to choose your citizenship. Select your citizenship by clicking on the “Citizenship” field.
If you are a dual citizen of more than one nation, you must choose one. To advance to the next stage, click “Continue.”
Following your citizenship selection, you’ll be prompted to input your personal details. This contains your legal first and last names, as well as your date of birth.
To begin, enter your legal first name in the section labeled “Legal first name.” Second, in the “Legal last name” section, enter your legal last name.
Thirdly, input your date of birth in the area labeled “Date of birth.” To open a Coinbase account, you must be at least 18 years old.
If you are under the age of 18, you must wait until you reach that age before registering. Once you’ve completed all fields, click “Continue.”
Now, you must input your primary residence’s street address. Use a residential address rather than a PO box or a business address.
To begin, enter your residence address in the section labeled “Residential address.”
Then, in the “Apartment number” and “City or town” areas, respectively, enter your Apartment number and your city or town.
Finally, in the “Postal code” area, enter your postal code and click “Continue” to advance to the next stage.
Respond to a few questions
Following the entry of your address, you’ll be prompted to answer a few questions.
Among the questions are “How will you utilize Coinbase?” “What is your major source of income?” and “What is your job status?”
Additionally, you must respond to questions such as “How much cryptocurrency do you plan to trade each year” and “What industry do you work in?”
Coinbase is obligated by law to gather this information in accordance with government laws. There should be a total of five questions.
Upload your identification
Following your responses to the questions, you’ll be required to prove your identity. Three options are available for establishing your identification.
This includes your state-issued identification card, driver’s license, or passport. Select “ID Card” if you wish to use your ID card to prove your identification.
After selecting “ID Card,” you must snap a photo of both the front and back of your identification.
Ascertain that your ID is completely visible, including your entire name, date of birth, and ID number.
Bear in mind that your photo ID and activities during the ID verification process may contain biometric data.
Submit an address verification.
After uploading your identification, you must provide proof of address.
This is because Coinbase is required by law to acquire an additional document to validate the address you supplied.
To submit a bank statement, select “Bank Statement.” Upload a PDF copy of a recent bank statement in your name.
Allow 2-3 minutes.
Coinbase will evaluate your ID after you’ve created your account, secured it, and confirmed your identity.
The review should take between two and three minutes to complete.
If you are successful, you will be sent to the Coinbase webpage, where you may begin purchasing bitcoins with a debit or credit card.
If you are unsuccessful, you must retake the front and back of your identification. A negative rating typically indicates that the photo of your ID is not clear.
As a result, you should retake your ID and check that the photo is clear. You have successfully created a Coinbase account!
Conclusion (How to Create a Coinbase Account)
After creating a Coinbase account, you may begin purchasing cryptocurrency.
If you’re on a desktop computer and using Coinbase, you may do so by clicking the “Buy / Sell” button.
If you’re using the Coinbase mobile app, however, touch on the reverse icon, then on “Buy.”
If this is the first time you’re purchasing a cryptocurrency on Coinbase, you’ll need to add a debit or credit card.
Coinbase’s fees are pretty expensive, so if you’re wanting to acquire bitcoins on a regular basis, you’re better off using Coinbase Pro.
Coinbase Pro, on the other hand, is not available in all countries. As a result, you should verify that Coinbase Pro supports your country before using it.