Detail Instructions on How to Register Coinbase Exchange

I. What is Coinbase Exchange?

Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses (Coinbase Commerce), which includes hosted checkout pages, payment buttons, invoicing, and multiple e-commerce integrations, as well as a turnkey solution for brokerages, exchanges, and fintech to offer customers crypto (Coinbase Prime), crypto asset custody (Coinbase Custody), and a wallet to self-store crypto (Coinbase Wallet).

Introducing Coinbase Earn: A New Way to Earn Crypto While You Learn Crypto

Coinbase is a cryptocurrency trading and investment website that allows users to purchase, trade, and exchange over 100 tradable cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Coinbase is a major corporation with over 98 million users and a platform worth $256 billion.

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II. Coinbase Exchange Features

1. Fees

The fee structure on the basic Coinbase platform is incredibly complicated. You do not pay maker/taker fees or a flat cost, but rather a spread fee that temporarily locks in the transaction price. You will not see the cost until you are set to submit the deal.

Coinbase’s spread costs are usually approximately 0.5%. Coinbase imposes a significantly simpler maker/taker fee on all transactions for Advanced Trade users.

Most cryptocurrency exchanges charge maker/taker fees. On a platform, a maker increases liquidity while a taker diminishes it. The sole disadvantage for users is that they do not know if they are makers or takers until after the transaction is completed.

Advanced Trade’s maker/taker costs, like those of other cryptocurrency exchanges, reduce as the customer trades more money. In the table below, you can see the complete spectrum of Coinbase Advanced Trade fees:

Coinbase Trading Fees
*Pricing Tier*	*Maker Fee*	*Taker Fee*
Up to $10,000	0.40%	0.60%
$10,000 to $50,000	0.25%	0.40%
$50,000 to $100,000	0.15%	0.25%
$100,000 to $1,000,000	0.10%	0.20%
$1,000,000 to $15,000,000	0.08%	0.18%
$15,000,000 to $74,999,999	0.06%	0.16%
$75,000,000 to $250,000,000	0.03%	0.12%

In addition to cryptocurrency trading fees, Advanced Trade charges a 0.001% taker fee on some stablecoin pairings, such as USD Coin (USDC)/EUR and Tether (USDT) and USD.

2. Security

Coinbase’s security methods include looking for client passwords on the dark web, advising the usage of a third-party security key, and providing onsite security prompts.

All deposits in US dollars on the Coinbase website are kept in FDIC-insured bank accounts. Cryptocurrency holdings are not protected.

Coinbase has criminal insurance that covers site security breaches but not hacked login passwords. As a result, it’s critical that consumers follow Coinbase’s strict security guidelines.

Between March 2021 and May 2021, Coinbase was hacked. Over 6,000 clients had their accounts emptied over this time period.

3. Crypto Wallets

Crypto wallets come in a variety of designs and sizes. As a result, Coinbase provides more than a one-size-fits-all wallet for your cryptocurrency storage needs. The exchange really provides three types of hot/online wallets:

Coinbase Wallet: This self-storage wallet handles “hundreds of thousands” of cryptocurrency assets. It’s a standalone wallet software that doesn’t require you to establish a Coinbase account. You may also use this wallet to store non-fungible tokens (NFTs).
Coinbase Exchange: This is the default wallet choice for Coinbase trades, but bear in mind that your private keys are stored on the exchange, making them more vulnerable to hackers.
Coinbase dApp Wallet: This wallet holds all ERC-20 tokens that are supported by the Ethereum network.

4. Cryptocurrencies available on Coinbase Exchange

Coinbase allows you to trade over 200 cryptocurrencies and stablecoins. Here is a list of some of the most popular cryptocurrencies that may be traded on Coinbase:

*Coin*	*Available on Coinbase*
Bitcoin (BTC)	✔
Ethereum (ETH)	✔
XRP (XRP)	X
Cardano (ADA)	✔
Solana (SOL)	✔
Dogecoin (DOGE)	✔
Polkadot (DOT)	✔
Polygon (MATIC)	✔
TRON (TRX)	X

III. Coinbase Products

Coinbase is made up of several different products, not only an exchange platform. The items offered by Coinbase will be mentioned below.

1. Coinbase Exchange

Coinbase Exchange is one of the most liquid CEXs, implying that consumers can easily make huge transactions. This exchange station accepts various payment options, including banking, credit card, and PayPal.

One unique feature of Coinbase is that practically every asset on the network is protected by a cold wallet, which means that hacking is not a major issue for Coinbase.

2. Coinbase Pro

It is the same as Coinbase Exchange but on a higher level. Users of Coinbase Pro can place additional orders, such as Limit Orders, Stop Orders, and so on. Furthermore, Coinbase Pro facilitates large transactions that might otherwise be restricted owing to the payment method or country restrictions.

3. Coinbase Wallet

A centralized wallet that can store over 4,000 assets. Coinbase Wallet is integrated with a wide range of Dapps on the market, which enhances user experiences. Aside from cryptocurrencies, Coinbase Wallet allows customers to store their NFTs directly in the wallet.

4. Coinbase Custody

Coinbase Custody, which was introduced in 2018, is a separate firm that is separately financed by Coinbase. This is a protocol for holding assets for capitals, corporations, and exchanges. All digital assets are separated and maintained in trust for the benefit of its clients, as required by New York State banking law. Polychain Capital, a16z Crypto, Placeholder, and other large venture capital firms use Coinbase Custody.

Coinbase Custody clients can also stake their assets or participate in protocol governance.

5. Coinbase Ventures

Coinbase Ventures was founded in April 2018 with the goal of providing funding to early-stage cryptocurrency and blockchain entrepreneurs with a focus on the development of the crypto ecosystem.

Coinbase Ventures has made approximately 200 investments in a variety of industries, including major crypto protocols such as Compound, Blockfi, Etherscan, etc.

6. Coinbase Prime

Coinbase Prime is a comprehensive solution that combines safe custody, an efficient trading platform, and prime services, allowing customers to manage their crypto assets in a single location.

Users will get access to many different exchanges through Coinbase Prime’s Smart Order Routing, which will automatically send their order to the exchange with the lowest price.

IV. How to register an account on Coinbase Exchange

1. Requirements before registering

You must be at least 18 years old (evidence will be required).
A government-issued picture ID (no passport cards accepted).
A PC or smartphone with internet access.
A phone number linked to your smartphone (for SMS text messaging).
The most recent version of your browser (we prefer Chrome) or the Coinbase App. If you’re using the Coinbase app, check sure the operating system on your phone is up to current.
Coinbase does not charge a fee to open or maintain an account.

2. Steps to register for a Coinbase account

Step 1: Create your account

To get started, go to Coinbase website: https://www.coinbase.com

Note: Do not advocate using your mobile device’s browser to visit Coinbase.

Tap or click “Get started”.
The following information will be requested. To avoid problems, enter correct, up-to-date information.

Legal full name (ask for proof)
Email address (use one that you have access to)
Password (memorize your password)
Your State (ask for proof)

Read the “User Agreement” and “Privacy Policy”.
If you agree, check the box and click “Create account” (computer) or “SIGN UP” (mobile).
Coinbase will send you a verification email to the email address you provided.

Step 2: Verify your email

In the email you received from Coinbase.com, click “Verify Email Address”. This email will be from no-reply@coinbase.com.
Return to Coinbase.com by clicking the link in the email.
To complete the email verification procedure, sign in again using the email and password you just supplied.
To properly complete 2-step verification, you’ll need the smartphone and phone number linked with your Coinbase account.

Step 3: Verify your phone number

Sign in to Coinbase. You’ll be prompted to add a phone number.
Select your country.
Enter the mobile number.
Click “Send Code” (computer) or tap “Continue” (mobile).
Enter the 7-digit code Coinbase texted to your phone number on file.
Click “Submit” or tap “Continue”.
If you did not receive the code, select “Resend-SMS”.

Step 4: Enter your personal information

Enter the information from your legitimate government-issued picture ID—a photo of this ID will be required later.

First Name
Last Name
Date of Birth
Address

You must also answer the following questions:

What do you use Coinbase for?
What is your source of funds?
Current Occupation
Employer
Last 4 digits of SSN

Select “Continue” to finish the process. The application is now complete.
To purchase and sell supported crypto, as well as send and receive via Coinbase.com, you must first authenticate your identity and add a bank account.

Step 5: Verify your identity

Sign in to your Coinbase account.
Complete “ID verification”.

Recommended: Set up a 2-step verification app (TOTP) to help protect against unauthorized account access.

Step 6: Connect a Payment Method

Choose your nation from the list below to find out which payment options are available in your country.

V. How to buy, sell and withdraw crypto on Coinbase Exchange

1. How to buy crypto into Coinbase exchange

Meta Lion Ventures will demonstrate how to buy cryptocurrency.

On the top of the screen, tap “Get started”
You’ll see a list of crypto assets that you may purchase. Choose your cryptocurrency at the top. Decide how much you want to spend.
Select “Preview buy”
Choose “Buy now”

You may exchange cryptocurrency immediately after buying it, but you must wait 8 days before sending it to someone.

2. How to sell crypto from Coinbase exchange

On the main page, tap the blue circle symbol. It depicts two arrows.
Select “Sell”
Choose the asset that you want to sell.
Choose how much you want to sell for, or click the “Max” option on the left side of the screen to sell all.
Examine the website again, and take note of the Coinbase fee.
Select “Sell now”

3. How to withdraw crypto on Coinbase exchange

Tap your portfolio balance at the top of the screen from the main page.
Select the “U.S. dollar” option. If you’ve sold some cryptocurrency, this should be worth more than $0.
Select “Withdraw”
Select “Preview withdraw”
Choose your bank account.

It takes 1 to 3 business days to complete the transfer. For a modest cost, you may also add a debit card for fast transfers.

VI. Coinbase Exchange App Download

Coinbase features an app for almost every platform, including iOS and Android on mobile, and Chrome Extension for PC/laptop.

1. Coinbase on Mobile

iOS
Android

2. Coinbase on Computer

Coinbase Extension

VII. FAQs about Coinbase Exchange

How does Coinbase work?

Users may use Coinbase to purchase, sell, and exchange bitcoin. It accepts ACH transfers from bank accounts, debit cards, money wires, and PayPal as payment options. Because you may deposit money from a bank account without incurring any additional costs, ACH transfers are the most cost-effective choice.

This cryptocurrency exchange has several features, including:

Options for basic and expert trading
A debit card that allows you to spend cryptocurrency and receive cryptocurrency incentives.
A Coinbase Earn program that allows you to earn free cryptocurrency by completing instructional courses.
A cryptocurrency staking program

Is Coinbase covered by insurance?

Coinbase maintains commercial criminal insurance in an aggregate amount larger than the value of the digital money they keep in online storage, according to their insurance policy. That is, if someone hacks Coinbase and takes their bitcoin, they are covered by insurance.

What kinds of rewards may Coinbase users earn?

Coinbase has a few reward schemes for its users. On Coinbase, you may earn rewards by staking your cryptocurrency for up to 5.75% annual percentage yield (APY).

The exchange also offers “the earn while you learn” program.

Is Coinbase secure for your cryptocurrency?

Coinbase is one of the most secure exchanges, therefore your bitcoin is safe with them. Over 98% of customer money is kept in cold storage, which means they are kept in devices that are not linked to the internet. This increases protection against hackers, making it the preferred technique for secure bitcoin storage.

Conclusion

Coinbase is one of the most popular cryptocurrency exchanges in the United States, and for good reason. It is a safe and legal exchange with an easy-to-use interface that is ideal for novices. There are approximately 160+ cryptocurrencies to choose from, giving both new and seasoned investors plenty of options. Coinbase is one of the finest exchanges in terms of security since it has Crime insurance coverage and stores 98% of its digital assets offline. The costs are slightly higher than on other exchanges, but for customers, it is an acceptable compromise. If you are an experienced trader who desires sophisticated features and cheaper costs, you may also utilize Coinbase Pro, another advanced platform.