Security and Account Addition

By Admin . 02 February, 2019 . Altcoin

Reading Time: 20 mins Anyone who is remotely interested in learning about crypto has taken part in some form of trading. As it gets more and more mainstream attention, newer players want to enter the market and get their slice of the crypto pie. So, to help those people enter this exciting market, we have created this “Cryptocurrency Trading Guide.” In this guide, we are going to take you through all the steps in order for you to become a crypto-trader. We will be going through the following sections: Fiat to Crypto Trading. Storing Cryptocurrencies. Crypto to Crypto Trading.

Next up is security and Account addition. In this section you will need to do the following:

• Phone Verification: Phone verification is necessary to give your account a 2-step verification process. Firstly, you’ll have to enter your phone number.You will receive a text message with a verification code. Simply put in that code and you are done.
• Adding a Payment Method: Payments in Coinbase can be done via bank account, debit card, and wire transfer. In order to understand the advantages and disadvantages of all these three methods you can simply refer to this table:“Buy” and “Sell” refers to buying and selling Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.“Deposit” and “Withdraw” refers to depositing and withdrawing credit in your Coinbase account. The Coinbase help guide will show you exactly what you need to do in order to manage your payment methods.Click here to read the help guide. Note: Coinbase doesn’t support credit cards anymore.
• Identity Verification: Finally, you will need to verify your identity. Since Coinbase is a regulated company, they will need to be compliant with KYC/AML regulations. Before you can use your debit card to purchase anything, you will need to verify your identity. It is a pretty straightforward process, you can click here to follow the instructions.

 

How to Start Trading

Alright! Let’s get started.

You have now signed up and then set up your account. How exactly are you going to go about trading now?

In Coinbase you can buy the following coins:

You can watch the video here and follow whatever he does to purchase your first bitcoin.