Opening an account at any crypto exchange is the first step to enter to the crypto world. Choosing the best crypto exchange platform matching your needs may be a little tough, as the number of new crypto exchanges is growing day by day. This is creating huge competition among crypto exchange platforms. In this blog post, we are going to cover Coinbase and how one can start with Coinbase. Let’s get started:
A Little Intro to Coinbase
Coinbase didn’t become popular overnight. They have put a lot of struggle into becoming the most reputed and trusted crypto exchange in the world. Founded in 2012, Coinbase is a fully licensed and regulated crypto exchange supporting all US states except Hawaii. Initially, Coinbase allowed only BTC trading but later began accepting other cryptocurrencies meeting its criteria. The following are considered the big plus point of Coinbase: Simple users interface, extremely high liquidity, a wide range of altcoin choices. When it comes to the downsides, Coinbase doesn’t control wallet keys and you have to pay high fees when you don’t have a pro membership.
How to Get Started with Coinbase
Setting up a Coinbase account is quite similar to opening an account at any online platform. Before you start the account creation process, it’s important to see if you fulfill the following requirements:
- Only individuals of 18 years or old are allowed to use Coinbase
- Government-issued ID
- A smartphone or computer connected to the internet
- A SIM number connected to your mobile device (they will send SMS for verification)
- The upgraded Coinbase app or the latest browser version
There’s nothing you will need to pay to create or maintain a Coinbase account. As already stated above, creating a Coinbase account is easier and simple. The whole process will take a few minutes to complete. All you need is to provide all the necessary information proving your identity and fill some other fields, and you’re done.
James has been a crypto enthusiast for a year. He’s an avid watcher of all the latest developments in the space, and enjoys predicting what will happen next with his favorite coins.
He lives in his hometown of New York City with his wife and two sons. His hobbies include watching movies, playing basketball, and reading about how to survive disasters that may occur from climate change or an asteroid impact!