Bitcoin. Ethereum. Litecoin. Crypto is all the rage these days, but what are cryptocurrencies? Are they safe? Where do you buy them? What’s the best exchange to use for buying/selling crypto? Coinbase is a great place to start because it has some of the lowest fees and its easy-to-use interface makes trading fiat currency into crypto simple. If you’re new to cryptocurrency, this beginner’s guide will help make sense of everything.
Set Up Your Account
To get started, you’ll need to set up an account on Coinbase. You can create an account by clicking this link and following the instructions. After you’ve created your account, you’ll be prompted to enter some personal information and verify your phone number. By visiting HowToReferral.com, you can get a referral link to Coinbase and share your invite code with friends. Once the phone verification process is complete, you’ll just need to wait for your bank transfer or debit card payment to clear before you can buy coins on Coinbase. The amount of time it takes depends on the type of payment method you choose.
Once your account is set up, you can add funds to it by clicking on the “Accounts” tab and selecting “Deposit”. You’ll then be prompted to enter your bank information. After your bank transfer clears, the funds will be added to your Coinbase account and you can start buying coins. If you have a debit card, you can add funds to your account by clicking on the “Accounts” tab and selecting “Deposit”. You’ll then be prompted to enter your credit or debit card information. After your payment clears, the funds will be added to your Coinbase account and you can start buying coins.
Buy & Sell Cryptocurrency
Now that you have funds in your account, you can start buying and selling cryptocurrency. To buy coins, click on the “Buy/Sell” tab and select the “Bitcoin” or “Ethereum” option. You’ll then be prompted to enter the amount of money you want to spend and the number of coins you want to buy.
When you finish purchasing your cryptocurrency, you can store it in a “wallet”. There are many types of wallets and Coinbase has its own which is called the “Coinbase Wallet.” You’ll just need to enter a password for your wallet when prompted. Once you’ve done this, Coinbase will give you an address where people can send cryptocurrencies to you. If you have a mobile device, you can also store your cryptocurrencies in a mobile wallet.
Withdraw Your Funds
To do this, click on the “Accounts” tab and select “Withdraw”. You’ll then be prompted to enter the amount of money you want to withdraw and the cryptocurrency you want to withdraw it in. After you’ve entered this information, Coinbase will give you a withdrawal address. You can also find your withdrawal address by clicking on the “Accounts” tab and selecting “Ethereum Wallet”. Once you have the withdrawal address, you can send cryptocurrencies to it from any other wallet or exchange.
Transfer Funds Between Coinbase Accounts
When you have verified your account and added a payment method, you can start transferring funds between Coinbase accounts. This is useful if you want to buy or sell crypto on different exchanges, or if you need to send money to a friend or family member.
To transfer funds between Coinbase accounts, log into your Coinbase account and click on the “Accounts” link at the top of the page. From there, click on “Send” next to the account you want to send funds from and enter the amount you want to transfer. Then, select the account you want to receive the funds in and click “Confirm.” The funds should be transferred within a few minutes, but it may take longer if you have a bank transfer going on.
So, there you have it! You are now a crypto-currency investor. As with any new investment, do your research to decide whether or not buying crypto is right for you. Be sure to keep an eye on the news and prices, and don’t invest more than you’re willing to lose. Have fun trading!
