WHAT IS COINBASE- The Dummies Guide To Coinbase and How to Use It
So here it is. A new minnow swimming in the big ocean of cryptocurrency mumbo jumbo. And what does it all mean?
Well here is my VERY SIMPLE and GENERAL view of Coinbase thus far. Now, for all of you crazy whales out there, you already know all of this and can dive into lingo for days. This is meant for those of us who are new to crypto, new to exchange platforms, and just need a brief introduction.
Coinbase by far has been the easiest platform to buy, exchange and store Bitcoin, Bitcoin Cash, Ethereum and Litecoin and fiat as well.
WHAT IS COINBASE
To put it simply, Coinbase is an easy way for you to purchase Bitcoin, Bitcoin Cash, Ethereum and Litecoin with fiat currency. You can store your cryptocurrency here as well, and exchange it as you wish. The website is USER FRIENDLY. That’s right. I said USER FRIENDLY... not CRYPTO USER FRIENDLY, just straight up general every day average Joe FRIENDLY.
HOW TO USE COINBASE
Click the link below to register an account with Coinbase. By using the referral link below, you will receive $10 worth of Bitcoin, and I will also receive it as well.
https://www.coinbase.com/join/5a4a4f1812d664054d15a931
Once you register with the site, you will be given a referral link that you can use as well to earn Bitcoin for free just by other new registrants using this link to register.
REGISTRATION WITH COINBASE
One word- EASY. Email. Password. Verify Email. Add funds. By adding funds, this means you can add a DEBIT CARD... yes I said it. You are then ready to purchase the before mentioned crypto that is relatively instant (the most I’ve waited to see it show up in my wallet is about 2 minutes).
STORING YOUR CRYPTO
Coinbase also gives you plenty of options regarding a variety of wallets you can create to manage your fiat and your crypto. The ACCOUNTS tab towards the top of the page gives you a quick and easy way of seeing and managing your wallets and recent transactions.
BUYING
Coinbase is by far the easiest way I have come across to purchase Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Requiring only a minimum of $2.00 to purchase, it makes it SUPER EASY for those wanting to invest, but not requiring a large amount of funds to do so. With a $1 fee for the transaction, almost all of your funds are exchanged directly into the currency of your choice and damn near instantly available. SO FREAKING EASY.
SELLING
Do I have to keep stating how easy this is? Again. Freaking easy. You can exchange your crypto back into fiat, or add wallets to transfer to and from.
Buying and Selling is not only easy, but you can set daily, weekly, bi-monthly and monthly repetitions of a specific buy or sell function. Simply- you can set-up repeat transactions so you don’t have to constantly login and remember to.
WHAT IS YOUR PORTFOLIO WORTH
Again, Coinbase is there for you! Right on your Dashboard, you can tab through the hourly, daily, weekly, monthly or yearly crypto changes so you can stay up to date and make the best investment possible.
I hope this finds some use for those of you out there! Welcome to the Crypto and Steemit world! I am still a new Steemian, so please UPVOTE! COMMENT with all of your lovely thoughts and advice as well!
