It’s been quite some time that crypto-currency has been in the market. The introduction of different platforms and wallets has ignited interest amongst people to invest in crypto-currency. There have been several digital currency platforms, but one amongst all of them is known to be the best. Not by the platform officials but the professional traders as well. Coinbase is one of the trusted crypto exchange platforms and has given a lot of people a chance to make money by mining it from their computer.
What are the currencies supported by Coinbase?
Being used widely and one of the best platforms of crypto-currency, Coinbase supports a lot of coins and wallets on its platforms. Some of the best and widely used currencies supported by this platform include:
- Bitcoin Cash
Apart from these, you can find a few more, but these are the best in terms of the number of users every platform has. And recently, they have also included a few features of Litecoin on their platforms.
What will be the Coinbase fees that you would have to give?
You might face Coinbase login issues in the starting, but once your verification is done, this problem will not arise while you log in to it. Now another question that people have while they make their account on Coinbase is the fees that they charge. Now roughly if you were to calculate the fee this platform charges, then it ranges between 1.50% and 4.01%. This highly depends on payment methods. This is one of the perks of this platform that the fee and other charges they charge are lesser as compared to other platforms and competitors.
How can you set up your account on Coinbase?
Setting up an account to start mining the crypto-currency is an easy task. It is the same process that you follow in any other account making session anywhere.
The first step is to create an account on the platform. You will be asked for your full name, then your e-mail ID, and then your password. At times people face Coinbase verification issues, but don’t bother much; try a couple of times, and if it doesn’t work out properly, you can simply refresh the page and punch in your credentials again.
Once you are done with your first step, you will then be directed to another step wherein you will have to again punch in your email address to verify your account. Once you are done with this, you will simply be redirected to another page, which will be your start-up page. On this page, you will start your business by punching the information of your account type. You can choose among an individual or a business account.
The next step that you will have to do is verify your phone number. This is important for you as it will keep all the transaction account safe and noted. Verification of the phone number converts your account to a 2-factor identification.
In the next step, you will have to set up a payment option. This will be the medium by which you will complete all your payments. There are two options amongst which you can choose one, either it will be a credit card, and the second one will be bank transfer. For bank transfer, there would be two small transactions that would be done by Coinbase to check whether the account holder is the same or not.
The last step includes buying crypto-currency and making the payment. So these five steps are important and will make your account secured for different payments.
Now, you have the important information that you would want before opening an account. Keep all these in mind and make sure you execute them properly. Also, make sure that you connect your PayPal account with your Coinbase account. This gives you a chance to get easy and secure payment.