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Coinbase, everything you need to know about this exchange

August 5, 2020

Coinbase is a central exchange (CEX)This means that our money is protected by the software and technological infrastructure of this immense company. Of course, this means that our money is protected by one of the most advanced technological infrastructures available today.

But not only that, being Coinbase is a duly registered stock exchange approved by the U.S. authoritieswe can be sure that our money is protected and insured by the laws of this country. This is no small matter as there are very few exchanges that enforce the right rules for their operations. A point in favor of dealers and stakeholders who are concerned about regulations and the framework of the law. In particular, those who regularly manage large sums of money in their wallets to participate in exchange markets like Coinbase and who want the support of a reputable company and institutions that can assist them in the worst case.

As we said at the beginning, Coinbase is like a bank, only better than it. With Coinbase you can arrive at any time of the day and simply by going to the website It is more difficult to manage your money and carry out operations with it. Send, receive and pay bills, all of this can be done with one click via the clear interface. An interface that you can use from your PC or smartphone with the native app for systems such as iOS and Android.

Coinbase, everything you need to know about this exchangeCoinbase, everything you need to know about this exchange

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Thanks to that, using Coinbase is very easy. It is enough to have a device with an internet connection and you already have everything you need to use this powerful exchange platform.

Start my Coinbase registration

Now you will surely ask yourself How can i use Coinbase? This is actually very simple. The first thing you should do is direct them to your website and from there í and choose the ldquo;Beginning rdquo; to start data logging. nbsp;

If you quickly click on this option, it will be redirected to a registration form, where should I enter the basic information about your identity.

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Once you have read and accepted your data, email address and terms of service, you can do so then click ldquo;create Account quot; to take the first step in using Coinbase. nbsp;

At this point you will be asked to check the email account you submitted in the registration. It’s easy Go to the email you are using and click on the message Coinbase sent you to verify your email account.

In the end I will find you with the registration of the phone number. This point will help you to register your phone number for certain cases of restoring access to your account and to receive authentication messages from the platform. nbsp;

https://lh3.googleusercontent.com/f8lzt-TtBDxHPwyI1TKBPyBcWiYC_vyXYU-Pp_f5Eq0GPhThRwBTmZ6Ms333cPuAmljb6Sl3pGTniKpsK8lfFqwOY5R9_CNpVL5rwy0F8Dh1OqbVLasdA1-rVtZLkc7NMFn9OVpS

And finally you will find identity verification that is an important part of the platform access process to be able to use all of its functions. This part cannot be skipped Coinbase is a U.S.-based exchange and is required to comply with the KYC (Know Your Customer) process and AML / CFT (Anti-Money Laundering and Anti-Terrorism Financing) laws. Nbsp;

In the end you will be able to enter the platform and enjoy everything that Coinbase can offer you.

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Search the wallets and coins

Coinbase automatically offers you a range of cryptocurrency wallets or wallets that are active on its platforms. With these wallets you can receive and send cryptocurrencies quickly and easily. To access these wallets, you have to click ldquo;wallet rdquo; and from there it will be sent to you on the control interface of your portfolios and the assets you have in them.

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In this section you will see your assets / coins stored in your account a little further down. From there you could see how many cryptocurrencies you have saved depending on the case and how much your holdings have increased or decreased in relation to the market price of these currencies.

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Watch the market

A particularly useful feature of Coinbase is the overview of the market and the price of the platform’s assets. You can access this view by clicking ldquo; Pricing rdquo; and then it will be aimed at that section. There í could see how the price of assets has risen or fallen in the market and give a clear idea of ​​where it is better to trade to make better profits.

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As you have seen, Coinbase offers a very clean and simple interface to navigate and understand. Thanks for that, Beginners or inexperienced users can get to Coinbase from the very first moment and enjoy the platform without having a negative experience.

What is my coinbase address?

Now you will be sure to ask How do I know what my wallet address is on Coinbase? In this case, this section is for you. For starters, wallet addresses are unique and different for each cryptocurrency. That is, the Bitcoin addresses are only for receiving Bitcoin, the Ethereum addresses are only for the Ethereum and so on. successively with the rest of the cryptocurrencies. We warn you about this, as many inexperienced users can mistakenly try to send the Bitcoin balance to an Ethereum wallet, resulting in an error or even a loss of money. So í You should be very aware of this situation and monitor what cryptocurrencies you are in. Sending go to the right wallet and cryptocurrency. nbsp;

For example, if we want to know what our Bitcoin address is in Coinbase, the process to do it is simple. First, Go to the ldquo; Portfolio rdquo; and from there í Look for the ldquo; Bitcoin rdquo;

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Once there you could see two tabs with the words ldquo; Submit rdquo; ldquo; Receive rdquo;. The first will allow you to send your BTC balance on Coinbase to another person or wallet. The second one will tell you what is the address of your Bitcoin wallet on Coinbase? This second option is exactly what we’re looking for. When we select them, we see the following:

https://lh3.googleusercontent.com/LIH2n8TRkti4zdtuLn0YhevF4CFGYZcNHRlVHlRdSfFyW9yRHneazyvda-jF0KB2OaCMDfzh-9sncwBtJv0zYN5xmPXhGOkYdVkDIr3ucldmBqZoDgXpAuQuvEYeJaU6WuBeYOJ0

The QR code, the ac á We see that our address is written in this format, Useful if, for example, we want to share our address with another person and they can scan the code on their phone to save mistakes and other situations that can lead to the loss of funds.

However, below we see the word ldquo; Address nd rdquo; and then we see a direction that starts with “3”. This is our Bitcoin address and starts with 3 because Coinbase ldquo; SegWit rdquo; in your wallets in the ldquo; Compatibility – P2SH rdquo; Allow wallets ldquo; No SegWit rdquo; can send us money seamlessly. If we click on this section, we can copy the full address in its alphanumeric format and we will find that it is:

3GBcKSECQohnYCdHfFrDb9aDXSCGEUECu

Now we know what our Bitcoin address is on Coinbase. But iquest; Qu é What about the rest of the cryptocurrencies? It is the same process, if you repeat the process described here with other cryptocurrencies see á that you can get the Coinbase addresses for each of them, and this allows you to get payments in that cryptocurrency with no problems. nbsp;

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https://lh6.googleusercontent.com/x7N22fv7PYaqL0i6tr333ECgwpK1QHLQY0CHosAHQ8Up0cugekMOmLHreVdfqBx9d0s7xhNWQ76AZVmxVxiAyKQMtCxQmD3J7jj-AArl_9Ora_YybgQ44FKJIlD4zf8JvpINsZTH

How can I deposit into Coinbase?

If you are, this exchange is a great option if you want to start with Coinbase in the crypto world and want to purchase cryptocurrencies. Once you’ve followed the steps to start your account and successfully completed the KYC, buying cryptocurrencies on Coinbase is as easy as going to the “Buy / Sell” option. and choose the cryptocurrency, the amount you want to buy and the payment method to use.

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If it is you when buying / depositing in Coinbase you need to consider that C.oinbase calculates a difference of approximately half a percent (0.50%) for cryptocurrency purchases and cryptocurrency sales. However, the actual spread may be higher or lower due to market fluctuations in the cryptocurrency price on Coinbase Pro between the time we quote a price and the time the order is executed.

In addition, Coinbase charges a fee (in addition to the differential) the higher value from (a) a fixed rate or (b) a variable percentage, which is determined by region, product characteristics and payment method. The flat rates are listed below:

  1. If the total amount of the transaction is $ 10 or less, the fee is $ 0.99 &Euro; 0.99 | Lb; 0.99
  2. If the total amount of the transaction is greater than $ 10 but less than or equal to $ 25, the fee is $ 1.49 &Euro; 1.49 | Lb; 1.49
  3. If the total amount of the transaction is greater than $ 25 but less than or equal to $ 50, the fee is $ 1.99 &Euro; 1.99 | Lb; 1.99
  4. If the total amount of the transaction is greater than $ 50 but less than or equal to $ 200, the fee is $ 2.99 | &Euro; 2.99 | Lb; 2.99

For example, if you are in the United States and want to buy $ 100 worth of Bitcoin and pay with a U.S. bank account or with your USD wallet, the flat fee will be charged. at $ 2.99. As stated in the variable interest rate section below, the variable percentage would be 1.49% of the total transaction, or $ 1.49. Since the flat fee is more than 1.49% of the total transaction, your fee is $ 2.99. If you want to buy Bitcoin with a debit card, there is a 3.99% charge because the variable percentage is higher than the flat rate.

How can I withdraw from Coinbase?

To withdraw from Coinbase, you have to do the same process and go to the “Buy / Sell” section.Only this time you have to ldquo; Sell ​​ rdquo; and enter the cryptocurrency sales data and the bank account you will be working with; Retreat. nbsp;

One situation that often occurs with Coinbase withdrawals is the waiting time before the withdrawal takes effect. This is a security measure that requires Coinbase to check the origin and destination of the funds and to meet the law’s obligations that must be met. In general, this delay is usually no more than 48 hours. Keep this in mind if you want to make quick withdrawals to bank accounts. Nbsp;

Withdrawals and limited deposits

Because Coinbase is an exchange that respects American laws and regulations, you may find that many functions of the exchange are not available to you and your country. This is because Coinbase must legally prevent countries under US sanctions from using their platform in any way for trading. For a full list of countries supported by the platform, please visit this link. Check if your country is a country. on the list.

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