In this article we are going to talk about those platforms and services that facilitate the purchase and sale of cryptocurrencies. Specifically, we are going to inform you about the platform Coinbase, which serves as both a virtual currency and cryptocurrency wallet.
Coinbase, like other platforms of this style, has a great advantage because it offers you a great price evolution statistics. Since it will help you to know the daily value of cryptocurrencies, as well as commissions. So, stay to learn more about this virtual wallet.
What is Coinbase?
As we said earlier, Coinbase is a web platform that works both as a virtual wallet and also as a storage for cryptocurrencies. Likewise, it is a kind of online exchange house that has positioned itself among the best in the world.
In this platform you can have your personalized account address to receive payments and also from where You can send payments in both conventional currency and cryptocurrencies.
Its scope is approximately in 42 countries, where you can sell, buy and trade in general with cryptocurrencies. This cryptocurrency website has at least 20 million users, who use the platform both from computers on the web, and from the application for Android and iOS mobile devices.
What you need to create an account on Coinbase
Like any website where registration is required, Coinbase has its own rules to follow. In order to register on the platform you must:
- Be of legal age, that is, to be 18 years old or more.
- Reside in the countries with access to this virtual wallet: United States, European countries, Australia, Singapore and Canada.
You must bear in mind that in Singapore, Canada and Australia, you can only buy cryptocurrencies through this platform, you will not be able to sell.
Then, if you meet these requirements, you must complete the relevant registration on the web, and verify the account through a verification email that they will send you.
How this cryptocurrency wallet works
This platform is very complete and practical, since It has 2 main functions that can be developed:
- Platform for buying and selling cryptocurrencies.
- Digital wallet to store cryptocurrencies.
Similarly, there is another platform or app for merchants called "Coinbase Commerce". Here merchants will be able to accept cryptocurrencies from digital wallets and other tools, which the main platform provides.
At the moment of entering the main page you will see the beginning, where will be all the necessary information for the use of this virtual platform.
If you go down, you can find one fairly general view of bitcoin or cryptocurrency prices that manages the platform, through purchase, sale and storage.
Then, you will see that on that same page You can find the fastest way to create your account through your email. You give start and it will redirect you to another web page.
At this time another small window will open, where you will proceed to make your registration process on the web.
To finish the whole process, You must follow the steps that the platform tells you to do later, which are usually simple. The rest is up to you, since you will be the one who will know how you want to carry out all your transactions.