How to Sign Up for Coinbase
Coinbase was founded in 2012 and has quickly become one of the most popular and in-demand cryptocurrency exchanges in the world. In recent months the platform has boasted over $1 billion in revenue, which has given them the powers to turn away investors and venture capitalists. Based in San Francisco, they are digital currency wallet and a platform where users can interact with cryptocurrencies such as bitcoin, ethereum and litecoin.
Their mission is to create an open financial system that is controlled by no one, not any country or company, just like what the Internet did for information distribution. An open financial system is one of the best ways to bring about economic freedom, innovation, efficiency and equality in the world.
The Coinbase values are about clear communication, where they share information clearly as well as listening to people about direct issues that they may be facing. Positive energy in the workplace so everyone feels comfortable and creating an environment for people that doesn’t feel like the typical workplace.
How to Join Coinbase
Firstly, you should navigate to the Coinbase website where you will then need to click on the “Sign Up” button.
When you first see the homepage for Coinbase, you will notice that it is very simplistic and very easy to know what everything is, unlike some exchange platforms that are very complicated and damaging to the eyes.
Once you have familiarized yourself with the coinbase home page and click on the sign up button, you will be redirected to this page where you will need to type in your email address and select a strong password. Passwords that are too weak won’t be allowed.
Once you have filled out all the details for the sign up process, you will need to verify your account by checking your email address. If you find that you have not received any email, it is advised that you check your spam folder as well.
During the next stage of the sign up process you will be required to enter your mobile phone number, and this falls under the two-part verification process, as well as for transactions.
Once you have completed this step, the next step involves choosing a payment method. So you need to choose between connecting your bank account, debit card, or your credit card to buy and sell the varying number of cryptocurrencies on the Coinbase platform. Fortunately due to the tight security on Coinbase, you need to provide the necessary documentation in order to prove your identity before you can proceed with payment method.
During this part of the process, coin base will redirect you to an additional page where you will asked to choose between three different ways of verifying your identity, which include:
- Driving License
- Photo ID
Once you have selected which method you would like to choose, you will then need to upload the necessary photographic evidence that is required as per the method. Then once your documents have uploaded and all seem to be okay, you will directed to a page that will tell you whether or not your identity has been verified.
If everything has been verified you can now fill out your preferred method of payment, and once you have chosen your method, Coinbase will make two charges to your bank account and you are requested to enter the last two digits of each charge to your account and click “Verify Charge Numbers”.
Once this is finalized you are free to use the Coinbase platform.