Are you into Cryptocurrency and want to know how to create a Coinbase account? This article will guide you on how to create one.
Coinbase was founded in 2012 by Brain Armstrong and Fred Ehrsam.
Since then, it had been a reliable platform for Crypto Traders all around the world.
Coinbase is not a small platform for buying and selling Crypto, it has a track record of more than one thousand employees with more than one billion dollars in revenue per year.
It is an exchange that is professional and user-friendly with reliable customer support.
Enough said about Coinbase, now, let’s go into the main aim of this article which is how to create a Coinbase Account practically for anyone.
Coinbase Sign Up – How To Create A Free, New, And Verified Coinbase Account
It is so simple to create a verified new Coinbase account, all you have to do is to follow me as I guide you through the simple steps of creating a free, new, and verified Coinbase account.
- Download the Coinbase App. Click here to download for Android and here for iOS. Or visit Coinbase.com on your PC browser.
- Open the app if you are using your mobile device
- Fill the form that will pop up with your first name, last name, email address, and password
- Click on “create account”
Creating a Coinbase account can be as simple as that but it is not finished there.
You will also need to
- Verify your email and phone number
- Provide Coinbase with your information
- Answer a few important questions
- Upload your ID
- Upload proof of your address and wait for some minutes to be completely done.
Coinbase Account – How To Verify Email And Phone Number On Coinbase
Starting from where we stopped, after you click on “create account”, you will be landed on the “verify your email” page.
Now to verify your email on Coinbase, a verification link will be sent to your email i.e, the email you used in the registration process.
Check your email and click on the verification link to verify your email address.
If you didn’t receive any email for verification, you can tell Coinbase to send another mail to your email by clicking on “Resend email”.
Now, after you are done verifying your email address, you will need to set up a 2-step verification.
To accomplish this, you will have to enter your phone number in the phone field and then click on “Continue”
After this, you will be sent a text message containing a 7 digits code by Coinbase.
Paste the digits in the “Code” field and then click on “Continue”.
After this, you have successfully verified your email address and phone number on Coinbase.
Providing Coinbase With Your Information
To do this, you will first have to select your citizenship i.e, the country you are from, and click on “Continue”
After this, you will need to provide your personal legal information which includes your legal first name, legal last name, and your date of birth.
After this, you click on “Continue”
Note that you must be at least 18 years of age in order to open a Coinbase account.
The next important thing that will be done is to provide your address which includes your Residential address, Apartment number, your city or town, and your postal code.
Then click on “Continue”.
Answering A Few Questions On Coinbase
Coinbase will ask you questions like what you want to use Coinbase for, your primary source of income, your employment status, the amount of Crypto you expect to trade per year, the industry you work in, and more.
All those pieces of information are required legally by Coinbase due to Federal regulations and you are expected to give answers to them in order not to be limited while using Coinbase.
Uploaing Your ID To Coinbase
Coinbase also requires that you upload your ID for verification in order to serve you in the best possible way.
You can use your National ID card, Driver’s License, or Passport. Either of the three is acceptable by Coinbase.
Uploading Your Proof Of Address To Coinbase
This can be either a bank statement, a utility bill, or your credit card statement.
Coinbase does this because the regulations require them to collect a second document to verify the address anyone provided on their platform.
After successfully carrying out all the processes listed above, you will have to wait for around 2-3 minutes for Coinbase to review your ID.
If the whole process is successful, you will find yourself on the homepage of Coinbase where you can buy and sell Crypto.
If otherwise, you will maybe have to upload your ID again. This time with clearer front and back.
The processes described above work for the successful creation of a new and verified Coinbase account.
Also, know that the procedures described above work for those searching for how to create or open and set up a Coinbase account in the US, UK, and Canada.
How To Open A Coinbase Account – FAQ
Here are some frequently asked questions concerning the creation of a Coinbase Account anywhere:
How much does it cost to open a Coinbase account?
It cost nothing to open a Coinbase account. But you need a minimum of $2 to purchase cryptocurrency on Coinbase.
How do I start using Coinbase?
You start using Coinbase by opening a Coinbase account. It’s as simple as that!
Is Coinbase easy for beginners?
Both the Coinbase app and the web on PC are easy to use and beginners friendly. Beginners need not fret or contemplate using Coinbase as it is one of the best for newcomers.
Is it safe to keep crypto on Coinbase?
Although, it is not 100% safe to keep your Crypto on any exchange online. But Coinbase has one of the safest wallets online to keep your Crypto.
How To Create A Verified Coinbase Account – Summary
I think the question on How To Create A Coinbase Account and some other pertinent questions had been answered above.
Coinbase is one of the most reliable and safest exchanges for Cryptocurrencies.
I have been using Coinbase for years and I think I have no wrong saying concerning the exchange.
And every new user on Coinbase should know that after opening and verifying their Coinbase account, they need to add a Debit/Credit card in order to buy Crypto on Coinbase.
The fees for buying Crypto on Coinbase are somehow high, so if you want to buy Crypto at a low price, you should consider using Coinbase Pro.
The only shortcoming is that this is not supported in every country, so it is advisable to check if it is available in your country before diving in.
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