Coinbase Tutorial for Beginners 2018
Looking to buy cryptocurrency, but you have no idea where to start? Don't worry, we've got you covered!
In this tutorial we will show you how you easily can buy Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) in matter of minutes.
Coinbase is one of the most popular and well-known cryptocurrency exchanges in the world. Coinbase makes it very easy to convert your local currency into digital currencies, and is therefore a great solution for people who are beginners in the cryptocurrency space. Keep in mind that this tutorial is done in a desktop/laptop browser. If you are looking to buy cryptocurrencies on mobile go ahead and download their app for iOS or Android.
Let's get right into it!
Register on Coinbase
Head over to Coinbase and fill in your information to register. By using our link you will earn 10$ in Bitcoin for free if you buy or sell 100$ or more worth of digital currency.
You should now have received a verification mail from Coinbase, it might take a couple of minutes to arrive. Click the link in the mail to verify your account.
When you have successfully verified your email account you will have to add a phone number to your account. After entering your phone number you will receive a seven digit confirmation code on your phone. Enter this code in the field on your screen.
Complete Account Setup
After you have successfully attached your phone to your account you should be redirected to the Coinbase Dashboard. You will find a box named "Complete Your Account" in the bottom left corner of the Dashboard.
Since Coinbase is a regulated financial service company operating in the US, they are required to identify users on their platform. Select your preferred verification method and complete the required steps.
Now that you have verified your identity you are almost ready to start buying your first digital currency! Select your preferred payment method and complete the required steps. For lower fees select Bank Account, but this might take 1-3 business days to complete. If you want to buy cryptocurrency right away you should select Credit/Debit Card, which has a larger fee. You can find more information regarding Coinbase Fees here.
When you have successfully added a payment method you are good to go! Head over to the Buy/Sell section and select which kind of cryptocurrency you would like to buy. Coinbase currently offer purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). After your purchase is confirmed, your cryptocurrency should instantly arrive in your account.
If you head over to the "Accounts" section you will be presented with a complete overview of your digital currency funds currently in your Coinbase Account. This is also where you can send cryptocurrencies to other accounts and wallets.
It's that simple. Buying cryptocurrency has never been easier!
Coinbase is just one of many exchanges where you can buy digital currencies. Check out our complete list of all the best Cryptocurrency Exchanges. Looking for a safe place to store your crypto? Check out our list of the best Cryptocurrency Wallets.