Coinbase Login – Sign In Your Coinbase Account
How to Use Coinbase
Stepping into the realm of cryptocurrency trading can seem like a daunting task, but Coinbase simplifies the process, making it accessible to all. As a trusted and popular platform, Coinbase allows users to buy, sell, store, and manage over 265 assets with ease. However, many don’t know how to use Coinbase. That’s why this guide is designed to help you get started with Coinbase.
We’ll guide you through the account setup process, navigate the platform, and use its features, such as buying, selling, and staking cryptocurrency. By following these steps, you’ll be ready to use Coinbase to manage your digital assets effectively and confidently.
TL;DR
Coinbase is a beginner-friendly platform for buying, selling, storing, and managing cryptocurrencies. This guide walks you through account setup, navigation, buying, selling, staking, and sending/receiving crypto. While Coinbase is easy to use and supports many assets, be mindful of its high fees and potential customer service issues.
Quick Step-by-Step Flow Chart
For those looking for a quick overview, here’s a step-by-step flow chart that outlines the entire process at a glance. Refer to this chart if you want a visual guide to follow alongside the detailed steps below.
Click Here for the Full High-Resolution Flow Chart
Let’s get started on your journey into the world of cryptocurrency!
A brief overview of Coinbase
Coinbase is an online centralised exchange that can be used to trade and store 123 different cryptocurrencies.
Here are some of the pros and cons of using Coinbase.
Pros
- Very user-friendly, making it a good choice for beginners.
- Supports a good variety of cryptocurrencies.
- Provides insurance against cyberattacks.
- There’s a free Coinbase Pro version for more advanced users.
Cons
- Users are often charged high transaction fees.
- Users have frequently reported issues with Coinbase’s customer service.
This tutorial will show you how to set up and navigate through your account, as well as how to buy, sell, swap and stake on Coinbase.
Setting up your account
First, head over to Coinbase’s website, ‘https://www.coinbase.com’. Coinbase also has a smartphone app, but we’ll be sticking to the website for this tutorial.
Click on the ‘Get started’ button and enter your details into the required fields. It’s important that you enter your first and last name as they appear on your ID documents, as you will need those to verify your account later on.
Once you press ‘create account’, you’ll need to read and acknowledge Coinbase’s privacy policy. After this, you will be asked whether you want to receive email updates from Coinbase. Click ‘continue’.
Next, you will need to verify your email address via an email that Coinbase will send to the address you entered. As part of Coinbase’s two-step verification process, you’ll also be required to enter a code that will be sent to your phone number.
On the next few pages, you’ll be prompted to enter more details, such as your citizenship, address, date of birth, employment status and reason for using Coinbase.
Next up, you’ll have to verify your identity using your passport, driver’s licence or national ID card.
Once you’ve uploaded an image of your ID, Coinbase will begin the verification process.
This process can take anywhere from a few minutes to a few days. You’ll receive an email when the process is complete.
When you click on the ‘sign in to Coinbase’, you’ll be instructed to upload an image of a document to verify your home address (utility bill or credit card statement ). Again, this can take a while to process.
When you sign back into Coinbase, your homepage should look something like this.
Next, you’ll want to add your payment method. If you want to add a credit or debit card, the easiest way to do this is by clicking on the ‘add payment method’ button displayed on your home screen.
From here, you can enter your card details. Coinbase will automatically add the name and address you used to set up the account.
If you want to add a different payment method, click on your name in the top right-hand corner of the screen and then click ‘settings’.
In the ‘payment methods’ tab, press the ‘add payment method’ button.
Here, you’ll have the option to choose from several different methods, such as PayPal or a bank account. Simply click on the option you want to go with and follow Coinbase’s prompts.
Still, in settings, the ‘profile’ tab is where you can change things like your display name, profile image and account passwords.
The ‘security’ tab is where you can select your 2-step verification method. You have the option to verify via text, an authenticator app, or your security or hardware keys.
In the ‘activity’ tab, you will see your account login history.
Navigating your Account
Homepage
To the left of your screen, you’ll notice a column of icons. The house icon will return you to your account’s homepage.
Portfolio page
The second icon down will bring you to your portfolio page. Here, you will be able to view all the assets (e.g. crypto coins, fiat currency) that you currently hold in your Coinbase account.
Your portfolio page is also where you can view your recent transactions as well as any rewards you might have earned via staking, which we will go into more detail on later.
Prices tab
The 3rd icon down is the ‘prices’ tab. This is where you can view up-to-date market values of all the cryptocurrencies that Coinbase supports.
Each cryptocurrency is listed according to its market capitalisation (i.e. the current price of a single coin x number of coins in circulation). This page also tells you what percentage the overall market is up or down by over the last 24 hours.
If there is a particular cryptocurrency that you’re looking for, then you can type in the name (e.g. Bitcoin) or the coin’s ‘ticker’ (e.g. BTC) into the search bar.
When you click on a cryptocurrency, you will be brought to a page that looks like this.
If you want to keep a close eye on a coin’s market value, then you can add it to your ‘watchlist’, which is displayed on your account’s home screen.
The main graph on the screen displays a price chart for the coin against your country’s fiat currency. You can alter the time scale that the chart is presented in by clicking on the different time frame icons in the top right corner of the chart.
Below the graph, you will find some more information.
The ‘volume’ price indicates the amount (in fiat currency) of the cryptocurrency traded over the last 24 hours. ‘Circulating supply’ tells you how much of the currency is in circulation. Coinbase also ranks each coin according to its popularity.
The ‘trading activity’ gives you an indication of the percentage of the currency that is being bought and sold.
If you scroll down a bit further to the right of the screen, you will see a ‘price correlation’ section. Here, Coinbase shows you the degree to which the price fluctuation of other currencies correlates with the price fluctuation of the coin you are looking at.
For You page
The fourth icon down will bring you to your ‘for you’ page.
This page is where you can find Coinbase’s recent articles and daily news updates.
Rewards page
The present icon will bring you to the rewards page. This page lists the different ways that you can earn rewards on Coinbase.
One of the main ways is by staking certain cryptocurrencies, which we’ll talk about more later.
Notifications page
The bell icon is where you can view any notifications sent to your Coinbase account.
Buying Crypto
To buy some crypto, click on the ‘buy/sell’ button at the top right of your home screen. You can also buy from the coin’s info page in the ‘price tag’ section.
If you click on the ‘buy/sell’ button, a pop-up screen like this will appear.
All you have to do is enter the amount of fiat currency you want to spend and select the type of cryptocurrency that you want to buy.
By clicking on the arrow icon next to your fiat currency amount in blue, you can see how much of your chosen cryptocurrency you will get in exchange. If you want to buy a certain amount of cryptocurrency, you can also change this number, and you will be charged the corresponding fiat currency amount.
Coinbase allows you to set up ‘recurring buys’, which is where you automatically buy some of your chosen cryptocurrency at set periods of time.
To do this, click on the ‘one-time purchase’ button and choose how often you would like to buy.
This option enables users to get a good average price for their crypto (i.e. sometimes the price will be high, other times it will be low), so some people view recurring buys as a more stable way of investing in crypto over the long term. Note that it is also possible to set up recurring buys via the ‘invest over time’ tab on your portfolio page.