Today, I will write about how to use Coinbase wallet in the easiest way to understand.
Hope to help you less. OK, got it Let's begin!
- 1 What is Coinbase?
- 2 The downside of Coinbase
- 3 Coins supported by Coinbase
- 4 Full Coinbase user guide
- 5 Conclusion
What is Coinbase?
In the Cryptocurrency market, in order to securely store your assets, specialized wallet addresses are needed.
And Coinbase is one of the largest e-wallet address services available today.
Established and put into operation since 2012 - With the plus point because some of Coinbase's services are completely free such as creating storage wallets, Bitcoin transaction fees, exchanging supported coins.
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The downside of Coinbase
First: Coinbase does not support Vietnam to use the buy / sell function.
Second: Bitcoin transaction confirmation time is longer because there are no transaction fees.
However, these two things do not matter much because our purpose only uses Coinbase to store Bitcoin.
Coins supported by Coinbase
Currently, Coinbase only supports the following coins: Bitcoin / Ethereum / Litecoin and most recently Bitcoin Cash.
From this part to the end of the article, I will take Bitcoin as a guide and others to do the same!
Full Coinbase user guide
Sign up for a Coinbase account
Signing up for a Coinbase account is also pretty straightforward. To start the registration process go to: https://www.coinbase.com/signup
Then fill in the information and click Sign Up.
Coinbase will send you an account confirmation email, you check your mail and click Verify Email Address.
Then will appear a message to verify the phone number, you enter the phone number and click Send Code.
About 5s, you will see the notification code on the phone. Brothers enter and press Submit .
And this is the interface of Coinbase.
Set up Coinbase wallet security
For added security, you should set up two-step verification (2FA).
Brothers access here: https://www.coinbase.com/settings/security_settings. Then you click Enable Authenticator.
The following window will appear, you need to verify the phone number again to open the two-layer security function.
After verification, the QR Code will appear so you can scan and enter the Code to activate two-layer security.
So you have turned on the two-layer security function for Coinbase accounts.
Create a Bitcoin wallet on Coinbase
To create a Bitcoin wallet on Coinbase, go to here: https://www.coinbase.com/accounts/
Click on Receive and the following message will appear:
Brothers clicked Show Address will issue your Bitcoin wallet address.
So you have created the Bitcoin wallet on Coinbase.
How to transfer Bitcoin to Coinbase wallet
After you create the Bitcoin wallet address. You can transfer Bitcoin from another wallet address to Coinbase for storage.
For example: I want to buy Bitcoin in VND, then I go in Remitano floor to buy some BTC. Then transfer to Coinbase wallet for safekeeping.
How to withdraw Bitcoin from Coinbase
To transfer Bitcoin from Coinbase to another Bitcoin wallet, you do the following:
Click on the item Send / Request. Then you need to complete the following information:
- Recipient: Enter the Bitcoin wallet address to send to
- Amount: Enter the amount of Bitcoin you want to transfer
- Note: Fill in the money transfer content
After completing all! You should double check before sending.
Next, brothers click Send Funds .
Through this article, I hope you can create yourself a Coinbase account and use it easily.
If you have any questions about the article, leave a comment at the end of the article. Coin98 will answer for you in the shortest time.
Goodbye and see you again in the next article!