Getting Started with Coinbase Wallet
The user interface of this wallet is simple and easy to follow. Developers at Coinbase have made this wallet very user-friendly. It is designed for beginners in the cryptocurrency world. First-timers would not find any difficulties while using this wallet.
To get started with Coinbase wallet, follow the three quick steps below:-
#1 Sign Up
Users must provide details, such as first and last names, active email addresses, and phone numbers. This step involves creating a secure password for the coinbase wallet account.
#2 Select Your Account Type
Coinbase users can select the individual account or the business account. These options are designed to suit the needs of crypto users. For high-volume crypto storage, a business account is suitable. Otherwise, the individual user account would be best for the rest of the purposes.
#3 Verify Your Phone Number
After confirming the email address, users are required to verify their phone number with the 2FA method. This phone-based verification is the strongest point of access to the wallet.
After these steps, the Coinbase wallet users can set up a payment method. This helps them decide on a suitable crypto asset for storage, sending, and receiving. People residing in the European Union countries and the United States can select various payment methods. Credit card payments are the top choice for Coinbase users. Some choose bank transfers for adding funds to the wallet. By verifying these payment methods, the users can easily transfer fiat money in and out of the wallet.
To send and receive digital assets, the wallet user need to select crypto payment methods. These send and receive methods are based on the respective crypto ecosystems. However, if the country of residence does not allow crypto transfers, then the users would have to choose payment methods such as digital platforms that can hold coins in off-shore crypto-friendly bank accounts.
Moreover, the Coinbase wallet helps in sending to or receiving from other crypto wallets. Although for further queries related to Coinbase wallet, you can also check this link.
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