As you grow in knowledge of cryptocurrency, you will realise that one of the best knowledge in cryptocurrency has to do with keeping your cryptocurrency safe.
This quest for crypto assets safety has led a lot of crypto users to finding answers to how to open a coinbase account.
A lot of people coming into the use of cryptocurrency normally fall prey to a lot of fake and fraudulent crypto exchanges.
This is why I always advice crypto users irrespective of your knowledge about crypto to always keep your crypto assets with a reliable crypto exchange like coinbase.
This will serve you a whole lot of stress in the long run as you are sure of the safety of your crypto assets when they are stored in a crypto exchange with a good insurance records.
In this tutorial, we will be looking at how to open a Coinbase account anywhere in the world.
- Brief overview of Coinbase
- How Much Does It Cost To Open a Coinbase Account?
- Why open an account with Coinbase
- Can I Have Two Coinbase Accounts?
- Limitations of Coinbase
- Is Coinbase good for beginners?
Brief overview of Coinbase
Coinbase is one of the first cryptocurrency exchange that was opened to spearhead the activities of cryptocurrency.
How to open a coinbase account is the next thing in a crypto users mind when they see how Coinbase has stood the test of time across more than a decade of active provision of crypto services.
Coinbase was birthed in 2012 as one of the first team that really believed in the success of cryptocurrency.
All through its existence for more than a decade now, Coinbase has continuously been on the go to make the mass adoption of crypto a reality.
This level of zeal and tenacity is evident in its unparallel show of trust and transparency all through these long years of existence.
Coinbase has not only won itself a good name with trust but has also helped in the right education of new crypto users by paying them while they learn about crypto.
This is evident in Coinbase learn and earn.
In the united states and across the world at large, Coinbase is rated as one of the most secure exchanges to store and trade your crypto assets.
This is due to the high level of exchange platform security and cryptocurrency insurance that Coinbase uses to run its exchange platform.
How To Open a Coinbase Account
Opening a functional Coinbase account is not a sweaty task at all. The following steps below outlines how to open a Coinbase account successfully
Step 1: Check if your country is supported by Coinbase
The first step that must be considered before you safisfactorily begin how to open a coinbase account has to do with checking if coinbase supports your country.
Below is the list of countries that is supported by Coinbase in different parts of the world:
- North America (18 supported countries)
Aruba, Bahamas, Barbados, Bermuda, Canada, Costa Rica, Dominican Republic, Curacao, El Salvador, Guatemala, Panama, Jamaica, Nicaragua, Mexico, Honduras, United States, Trinidad and Tobago, Virgin Islands, British.
- South America (8 supported countries)
Argentina, Brazil, Chile, Ecuador, Peru, Colombia, Paraguay, Uruguay.
- Oceania (1 supported country)
- Africa (13 supported countries)
Botswana, Mauritius, Kenya, Ghana, South Africa, Angola, Cameroon, Benin, Namibia, Rwanda, Zambia, Tunisia, Uganda
- Asia (20 supported countries)
Bahrain, Hong Kong, Armenia, India, Brunei Darussalam, Indonesia, Kuwait, Jordan, Korea, Kazakhstan, Kyrgyzstan, Maldives, Macao, Nepal, Mongolia, Taiwan, Philippines, Oman, Singapore, Uzbekistan.
- Europe(39 supported countries)
Bulgaria, Cyprus, Andorra, Belgium, Croatia, France, Denmark, Finland, Estonia, Czech Republic, Gibraltar, Iceland, Greece, Hungary, Guernsey, Isle of Man, Ireland, Italy, Latvia, Jersey, Malta, Lithuania, Liechtenstein, Luxembourg, Monaco, Norway, Portugal, Poland, Romania, Montenegro, Serbia, San Marino, Slovenia, Slovakia, Spain, Sweden, Turkey, Switzerland, United Kingdom.
You can always check the latest coinbase supported countries
Step 2: Fill your details in the Coinbase Signup Form
After you have confirmed that your country is supported by Coinbase, proceed with your registration by clicking here and filling your correct details.
You will be given a free $10 when you make a first deposit of $100 and above after finishing your registration.
When filling your personal details, carefully double check that the details are correct as the details you fill will be vital for your Coinbase account verification to avoid failure on how to open a coinbase account.
The information that will be needed for Coinbase account signup are;
- your first name
- your last name
- a functional email account
- your password to be used
- you must be 18 years or above
After filling in your personal details and ticking that you are 18 years or above, click on the create account button
When filling your first name and your last name, make sure that it is your real name and not a nick name.
This is because the names you fill will be used in verifying the documents you submit for your Coinbase account verification.
Step 3: verify your email
In order for coinbase to Confirm that you are the owner of the email address you just filled, a verification link will be sent for you to confirm your email.
Click on verify email address and you will be taken to your Coinbase dashboard.
If you have reached this stage, congratulations as you have successfully completed part of your journey on how to open a coinbase account.
This verification is also to make sure that your email address is functional as lots of people may give email addresses that they cannot access due to forgotten password or wrong email address issues.
If you cannot verify your email address, you will be unable to complete your coinbase account signup.
This is why it is very important to use an email address that you have the login details intact in order not to mess up on how to open a Coinbase account successfully.
How Much Does It Cost To Open a Coinbase Account?
Over the years, a lot of people who are total beginners in cryptocurrency have fallen prey to a lot of scammers by paying to open an account with an exchange.
To open a Coinbase account is totally free and does not incure any amount to be paid to Coinbase.
A lot of greedy mentors have scammed their tutors by demanding huge amount of money from their tutors so as to open a Coinbase account or verify a Coinbase account after collecting them training fee.
If anyone ever ask you to pay money so as to Sign up for a Coinbase account for you, know that it is a scam.
Except that the tutor is charging for the teaching being offered to you but be rest assured that Coinbase does not collect money from users to Sign up for a Coinbase account.
Why open an account with Coinbase
(1) Access to variety of crypto assets
One of the benefits of opening a coinbase account is that you have access to a lot of cryptocurrencies to trade and invest.
Unlike other small crypto exchanges that have limited number of crypto assets, coinbase is well equiped with a lot of great cryptocurrencies.
This gives you the needed flexibility and comfort of trading or investing on any crypto asset for a good ROI.
(2) High liquidity of crypto assets
Liquidity of crypto assets refer to the ease in which a crypto asset can be converted to other crypto assets or fiat without affecting the market price of that crypto asset.
Majority of the biggest traders in cryptocurrency are found in Coinbase exchange.
This is due to the high amount of liquidity that exist on coinbase exchange across each and every crypto asset that is present in Coinbase
This level of high liquidity also helps curb against pump and dump schemes that is very common in small exchanges caused by sharp price fluctuations when the liquidity is low.
(3) Coinbase security is very strong
One of the pros of using Coinbase is that it has a very strong and advanced level of security that is used in protecting crypto assets from hackers.
Over the years, we have heard a lot of big and small crypto exchanges being reduces to nothing due to an exploitation by hackers.
Coinbase has curbed against this by using measures that has made the success of hackers operations on coinbase exchange very futile.
Most of the crypto assets on coinbase are safely stored in cold wallets to prevent an attack and also has a strong crypto insurance for its crypto assets.
This level of security has really endeared millions of users all over the world to make Coinbase their number one crypto exchange.
(4) User friendly interface
Coinbase has one of the best and highly user friendly crypto exchange interface.
With coinbase exchange, it is really easy for a new user to comfortably navigate the various functions present in coinbase exchange.
(5) Continuous support of crypto adoption by beginners
Coinbase is always on the go to make understanding cryptocurrency the right way a total possibility for beginners.
This is seen in coinbase innovative approach to make learning about crypto fun filled through Coinbase learn and earn.
Innovations from Coinbase and Obonbcrypto like this has continually made how to open a coinbase account stress less and easy.
Can I Have Two Coinbase Accounts?
Yes you can have two Coinbase accounts. If you already have an account with Coinbase, you can use the same details to open an account with Coinbase Pro.
Limitations of Coinbase
(1) Not available for all countries
One of the most bitter limitations of Coinbase crypto exchange is that it is limited in access to some countries.
This level of limitation has really been a painful thing to citizens of countries in which coinbase does not support.
Is Coinbase good for beginners?
Coinbase crypto exchange is very good for beginners in cryptocurrency to use and have the confidence that their crypto assets are safe.
Some of the reasons why Coinbase Crypto exchange is good for beginners include;
- access to high liquidity of crypto assets
- access to high level of security that covers account operations and crypto assets
- access to user friendly interface
- access to free materials for learning about cryptocurrency
- access to motivating offers like Coinbase learn and earn
This guide on how to open a Coinbase account has comprehensively shown the ways on how to sigh up for an account on coinbase.
A lot has also been discussed about the reasons why you should use Coinbase cryptocurrency exchange.
Coinbase has really impacted positively on the use of cryptocurrency all around the world.
We at Obongcrypto wish you a satisfactory experience in the use of Coinbase crypto exchange after going through our article on how to open a coinbase account.
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