Coinbase was set up in 2012 to allow regular non tech people the opportunity to get their hands on bitcoins. The site has become very streamlined in reference to the purchasing and selling functionality of bitcoin. since their launch they have also implemented a trading platform for people who like to day trade bitcoin. They offer one of the lowest trading rates. In comparison to older trading platforms like btc-e, coinbase is not as anonymous which is an important thing to a lot of bitcoin users. On advantage is they are located in California so they do have to adhere to United States law. This could possibly be good in the sense that the possibility a user would lose their money and many did with MtGOX wight be lessened. The down side to using coinbase is they occasionally audit BTC transactions. Their terms of service prohibit you using your coinbase wallet for gambling and obviously illegal activities. Overall coinbase is a great place to purchase bitcoin and the process is extremely simple.
Create A Coinbase Login
To get started buying and selling bitcoins you need to create a coinbase login. Access coinbase by join coinbase, once you are on the homepage look at the top right hand corner of your screen for the sign up button. It should look like this:
After clicking (or tapping if you are on a mobile device) you will be taken to the registration page. On the sign up page you will be required to fill out your first name, last name, email address and a password that you choose. If you do not have an email address you can always create a gmail login or hotmail login. You also need to agree to the terms of service as well as privacy policy. It is highly recommended that you do this to make sure coinbase is the right service for you.
After you click “Create Account” you will be able to use your coinbase login. There are a few things you need to do before buying bitcoins such as linking your bank account to your coinbase login. For instant buys you will also need to add a credit card. This allows you to buy your bitcoins instantly. While this is not required it does come in useful at times. When you use your coinbase login they are helpful at walking you through the steps of adding your financial information. Your coinbase login is completely free but they do charge a small fee for transactions like most bitcoin services and exchanges.
Coinbase Login Security
Bitcoins are worth real money. With that said there are people who want to steal them. Coinbase has a few security features that help to prevent this. First, always make sure you and only you know your coinbase login information. Never sign in from a public computer or an unsecured network. Link your phone and set up all security parameters within coinbase. Losing your coinbase login to a bitcoin cracker could cost you a lot of money.
Bitcoin Vault
For storing large amounts of bitcoin it is recommended you use the bitcoin vault at coinbase. Here is how it works. In the event someone was able to steal your coinbase login and gain access to your account they would have to withdraw bitcoins to a separate wallet. When you use the bitcoin vault, in order to withdraw you need to have conformation from 2 separate email accounts, you are notified via text and email of the withdraw request. Once the bitcoin withdraw request is initiated it still takes 48 hours to clear. Within that 48 hour you can cancel the request if it was not set up by you. This provides yet another layer of security.
Having a coinbase login is a great way to buy bitcoins instantly as well as a secure environment to store them. Sign up to coinbase today and start buying bitcoins using your login.
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