![]() You’ll need to confirm this email address before being able to log in to the exchange. All that’s required as far as personal information is concerned is your email address. If you don’t already have an account, the first step is to sign up for Binance. Once confirmed, the amount of cryptocurrency that you have purchased will be credited to the relevant Coinbase wallet. Before confirming the transaction, Coinbase provides you with details of the service fee and the amount of cryptocurrency being purchased in the transaction. It’s important to make sure that you are on the right tab of your account to purchase the correct currency. to Binance), or simply leaving them in your Coinbase account to sell at a later date (this option is not recommended for safety reasons). Now you have the option of withdrawing them to a private wallet, sending them to another cryptocurrency exchange (e.g. ![]() The purchase will be executed immediately, meaning that the digital coins will be stored safely in your Coinbase account. Now that you’re all set-up, click on the cryptocurrency that you want to buy, enter the total USD (or local currency equivalent) amount that you want to purchase, and pay for the transaction with your verified payment method. Deposit your Coinbase account if necessary Once you’ve done the above, you’re now ready to buy your first-ever cryptocurrency. You’ll need to log in to your online bank and confirm the last two digits of these charges.Īlternatively, if opting for a bank account, you need to make a small transfer into the account details specified by Coinbase. If opting for a debit card, Coinbase will process two small charges from your card. To conclude the account set-up process, you will need to verify your chosen payment method to confirm you are the true owner. Gather the required documents and upload them to Coinbase. This is the KYC (Know Your Customer) process, and it’s a common practice for most cryptocurrency exchanges. Bank transfers in the US can take up to 4 to 5 days to complete, or 1-3 days by SEPA transfers in the EU, while credit and debit card transactions are instant.Ĭoinbase also allows users to link their PayPal account to the platform, but this can be used for proceeds made from selling cryptocurrency only.Īfter selecting “Bank Account,” Coinbase will prompt you to provide verification details for your ID. You will also be asked to enter the billing address linked to your preferred payment method.įor bank transfers, Coinbase will often set up one or two small transactions to and from your account, in order to verify your account.įor credit cards, a screenshot of the credit card is necessary. Your options will depend on where you are located, although in most cases this covers a debit/credit card and bank account. This is absolutely fundamental, as you will need your mobile device to access key account features, such as logging in or withdrawing funds.Īs you will be asked to deposit funds, you will need to set-up a payment method. Other 2-factor identification methods are also available, as set out below.Ĭoinbase will then send you an SMS message containing a unique code, which you’ll need to enter on-screen to verify that you are the rightful owner of the device. The reason for this is to create a form of 2-factor identification in order to ensure that your account remains secure. The next step is verifying your phone number. Once completed, you will be redirected to the startup page, where you will be first requested to confirm whether you want to create an individual or business account. Upon request, you will be asked to confirm your email address. Select your account type: Business or Individual Coinbase will then send you an email, which you will need to verify.Ģ. You will need to enter your first and second name, alongside your email address. Sign Up/Log In to your Coinbase accountġ. ![]() How to transfer from Coinbase to Binanceīelow you can see the step-by-step process to send Bitcoin from Coinbase to Binance. If you need to transfer funds from Coinbase to Binance, our guide below will walk you through the entire process, step by step. Both Coinbase and Binance are top crypto exchanges that have a reliable reputation as a safe place to buy crypto and have millions of users all over the world.
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