Coinbase » How does it work? Exchange and
coinbase is a cryptocurrency exchange and wallet operating since 2012 that allows you to buy, sell and store different types of cryptocurrencies. He exchange coinbase It is characterized for being one of the most habitual exchanges or virtual wallets on the entire Internet, and it accepts a wide variety of cryptocurrencies for its use and commercialization.
The Coinbase exchange, apart from allowing you buy, sell and store your cryptocurrencies, also allows you to earn money for free and by investing in the operations of the cryptocurrency markets. you lower it transaction fees and the ease of exchanging cryptocurrencies make it one of the most important exchanges and wallets.
Coinbase is a legally registered company in the United States since 2012, and it is based in San Francisco, California. The Coinbase exchange was founded by Brian Armstrong and Fred Ehrsam.
Coinbase Basics
| platform management | Coinbase has been operating since the year 2012. |
| Languages | English, but it cánido be translated with the Google plus Google chrome translator. |
| accepted countries | Users from all over the world perro use the platform. |
| Activity | Cryptocurrency exchange, Cryptocurrency wallet |
Registration and first steps in Coinbase
Record
Registration on Coinbase is free and fácil, and you perro do it by clicking here. When entering you must complete the data form, accept the different terms, send the information. You must go to your correo electrónico, since you will receive an dirección de correo electrónico to your dirección de correo electrónico to activate your Coinbase account. When confirming your dirección de correo electrónico you must continue completing some information that the company will ask you for registration.
You perro register in the Coinbase exchange from the following backlink: Go to Coinbase.
First steps
After registration you must finish equipo up your account. For this you must go to the “Settings” section from the upper right option. In this section you will see different tabs that allow you to complete the different general configurations of your account. These tabs are explained below:
My profile
In this tab you cánido add your personal informationand you must ensure that it is real information, since this information is also used for other validations.
preferences
Here you perro configure some preferences, such as time zones or notifications.
Security
In this section you perro configure the security of your account, where you perro use two-aspecto authentication for this purpose.
account activity
Here you cánido see the history of the different actions that you are carrying out in your Coinbase account.
privacy options
In this section you will have access to different options related to the privacy of your information in the company.
account levels
This section refers to level you have inside Coinbase. The Coinbase exchange has two usuario levels (level 1 and level 2) to perform certain actions within the platform.
Level 1: This level is achieved when you register and verify your account with your correo electrónico. This level allows you to send and receive cryptocurrency.
Level 2: This level is achieved when you correctly complete your profile and upload your identity document, with which you will have level 2 enabled. This is done from that same part by selecting the two options and performing the validations. By having this level you will be able to trade cryptocurrencies.
How does Coinbase work?
Coinbase is a cryptocurrency exchange and wallet, with which you cánido buy, sell and store your cryptocurrencies. Also the Coinbase exchange allows you earn money free and with operations in the cryptocurrency markets. Buying and selling cryptocurrency on Coinbase is not available in all countries.
The Coinbase exchange owns other products, such as: ecommerce, Custody, Pro, Wallet, Veintures, etcétera. Each of these products has to do with the world of cryptocurrencies. It also offers a API for developers and merchants to build aplicaciones and accept payments in both digital currencies.
Operations you cánido perform on Coinbase
The company Coinbase allows you perform a equipo of operations intended to work with the transactions that cánido be carried out in this cryptocurrency exchange. The various operations with which you perro work on Coinbase will be presented below:
Buy and sell cryptocurrencies (Exchange)
The Coinbase exchange allows you buy and sell cryptocurrenciesHowever, the option to buy and sell cryptocurrencies is not available in all countries. You will be able to buy and sell all the cryptocurrencies that Coinbase allows.
When buy cryptocurrenciesthen your account cómputo for that cryptocurrency will increase, in case you sell your cryptocurrencies, then your cómputo for that cryptocurrency will decrease.
For buy cryptocurrencies you must entrar the section to buy cryptocurrencies, where you must follow the steps, and to sell your cryptocurrencies You must entrar the section of selling cryptocurrencies, where you must follow the steps.
Send and receive cryptocurrencies (Wallet)
In your Coinbase account you have a cómputo for each cryptocurrency. You perro use your cómputo to send cryptocurrencies to other users, and other users will be able to send cryptocurrency to your account, giving you a cryptocurrency wallet.
For send cryptocurrencies You must entrar the “Accounts” section, choose the cryptocurrency that you are going to send, clic on the “Send” button, entrar the data of the cryptocurrency shipment and make the shipment. This will genere your cómputo for that cryptocurrency to decrease, since you have made a shipment.
For receive cryptocurrencies You must entrar the “Accounts” section, choose the cryptocurrency that you are going to receive and clic on the “Receive” button. This will open a window in which you must accept that you are going to receive money in that cryptocurrency, and by doing this an address of that cryptocurrency will be generated to receive the money.
How to make money on Coinbase?
Coinbase allows you earn money in three different ways that are: learning about cryptocurrencies, operating in the cryptocurrency markets and with the referral system.
These ways to earn money on Coinbase will be presented below:
Learn about cryptocurrencies
just for learn how the different cryptocurrencies that exist work you cánido earn money on Coinbase. For this, in your Coinbase account you must entrar the “Earn cryptocurrencies” section, where you must follow the steps to earn by learning.
Trade the cryptocurrency markets
Coinbase allows you to earn money trading on the cryptocurrency markets. For this you must have a cómputo in the cómputo of the cryptocurrency with which you want to operate. You just have to entrar the “Operate” section and start operations and earn cryptocurrencies.
referrals
Coinbase allows you to earn money with it referral system. The part of the referrals will be presented later.
Referral system in Coinbase
Coinbase has a direct referral system. When you refer a new customer to Coinbase, you will earn fifty% of your rates for the first 3 months. You only have to promote your referral backlink so that your clients register with said backlink. You cánido find your referral backlink from the following backlink: Find the referral backlink.
Conclusion
Coinbase is a exhange and cryptocurrency wallet pretty sure. In addition, the confirmation system it offers is quite complete and secure. Coinbase is a company legally registered since 2012and it has been characterized with one of the safest cryptocurrency wallets and exchanges to carry out the different operations.
A particularity of this company is that it works as an exchange and wallet for cryptocurrencies at the same time, which is very good because it increases popularity due to its multiple use. This company also allows you to earn money in various ways, and its popularity increases with time.
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