You can use your currency wallet, or transfer in new ones, to buy and sell. In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic, 0x, Basic Attention Token, Zcash, Ripple and Stellar Lumens.

Wit you using Coinbase platform you can convert your Bitcoins in dollars or euros and thus avoid decreases or increases in market value. When changing it only a small commission is reflected. In addition, you can send your money to a bank or to your PayPal account.

Creating a Coinbase account is as easy as 1,2,3 !

Go to Coinbase.com to create your wallet. Click on the “Sign Up” button and a screen will be presented where you will need to enter your first/last name, email address, and password. Accept the “User Agreement” and “Privacy Policy” and click the “Create Account” button.

Afterwards, access your email and follow the verification link. On the next screen you’ll need to enter a phone number to verify your account. Select your country and add your phone number and press “Send Code” button.

A 7-digit code will be sent to your phone, and you will be directed to enter this code.

After entering the code, you may or may not be directed to verify your ID. If you go directly to your dashboard you can skip this step, but we strongly advise you to verify your identity because sooner or later you must verify in order to purchase digital assets.

Identity Verification

You will then be directed to fill in your personal information. Fill out your date of the birth, home address and additional fields that are required in this step and press “Continue” button.

On the next step, you’ll need to upload a photo of either your passport, drivers licence or Photo ID.

Once your photo ID is verified, the ID verification process should be complete and you should be redirected to Coinbase platform. However lately for some countries, they are requesting lastly to upload a proof of address. It can be either Bank Statement, Utility Bill or Credit Card Statement. If you are don’t want to fill out this info skip this screen by pressing “Go to coinbase.com” link.

You now have a fully functioning Bitcoin wallet that you can use to purchase and send/receive Bitcoin and other cryptocurrencies.

In the next steps will go over various options available to you within the Coinbase platform.

How to add Payment Method?

Once you are logged in you’ll see a various option inside Coinbase platform. To buy Bitcoins or any other digital currencies you need to link Coinbase with your Credit Card or Bank Account. To do so click on the Settings >> Linked Accounts. Once you are on the Linked Accounts area press a “Link Account” link and you new popup “Add Account” will open.

You will then be able to select which payment method to add.

To link a debit card, select that option then fill out your debit card information.

Debit cards are best for purchasing smaller amounts quickly. Any debit card purchase will instantly transfer the cryptocurrency to your account, which is best if you want to quickly trade it for another cryptocurrency.

However, debit cards have much lower purchase limits and higher fees than wire transfer.

How to Buy and Sell Bitcoin?

With your account all set up, you can finally buy some cryptocurrency!

Click the “Buy/Sell” tab at the top of the page.

Select the type of cryptocurrency you want, the payment method, and the amount in your currency.

You will then be directed to confirm your purchase.

Selling cryptocurrency is a very similar process. The main difference is that you cannot deposit to your credit card directly. Instead, you are deposing to your currency wallet that will hold your money on Coinbase. Afterwards, you can withdraw money from your currency wallet, but only to PayPal or Bank account.

How to Send and Recieve Bitcoin?

Click the “Accounts” tab at the top of the page and select the type of cryptocurrency you want. For each cryptocurrency, you will see two options – Send and Recieve. To receive cryptocurrency click receive button and popup with wallet address will appear. The only thing you need to do afterwards is to send this wallet address to the sender.

To send cryptocurrency to another address, click the “Send” button.

Next, enter the desired recipient address and the amount in your currency that you would like to send. Be sure to send only to wallets of the same type of cryptocurrency, or it will be lost

You will also notice an additional miner fee for sending currency.

Now that you know how to set up an account, buy/sell, and deposit/withdraw, you should have all the knowledge you need to start buying and trading.

The post How to Create Coinbase Bitcoin Wallet? appeared first on Bizznerd.

A Blockchain wallet is an online application that allows many people to store and send bitcoins or other digital currencies. It is a free service that makes easier to send and receive your digital currencies without the need for any client software or hardware.

It is one of the first online wallets and besides Coinbase one of the safest for keeping your digital currencies.

Beside Bitcoin, you can create a wallet for Ethereum, Bitcoin Cash and from recently Stellar as well.

In this blog post, you’ll learn how to create your new Blockchain wallet.

Step 1. Visit Blockchain website

Go to the Blockchain website. On the home page, you will find a link “Get a free Wallet”. Alternative you can press the “Sign Up” button in the right corners of the screen.

Step 2. Create Wallet

Create your wallet by filling in your email address, a secure password, agree to the Blockchain Terms and Service and then click Continue.

Step 3. Verify your account

Once you sign up for a Blockchain wallet, you should receive an email from no-reply@blockchain.info with the subject Please Verify Your Email Address. Verify your email by clicking the button within the email, or you can verify your email later from within the Security Center.

Your welcome and verification emails include your wallet identifier, or wallet ID, which you’ll need later to sign back into your wallet. Make sure you have this information stored somewhere safe.

Step 4. Start Receiving or Sending Payments

Use your wallet id, along with your password, to log into your Blockchain wallet. Use your wallet id, along with your password, to log into your Blockchain wallet. Once you sign in, you’ll be redirected to your Wallet Dashboard.

With this final step, you successfully created your Blockchain account and will be able to send and receive Bitcoins and other digital cryptocurrencies.

In the next part, we will focus on how to make your account more secure.

Securing your Blockchain Wallet

Whenever you log into your wallet from a different device or IP address, you’ll be prompted to verify the log in via a verification email. It is a good security measurement, but I strongly advise you that you link your account with your mobile phone as well.

Go to the Security centre and follow the following steps to enable Two-Step Verification.

• You will need to link your mobile number. Under Enable, press the Mobile Phone Number button.
• Enter your mobile number in the field and press Get Verification Code.
• You should receive a text message with your verification code. Enter the code and click Submit Code. If you made a mistake inputting the number, press Change mobile number and enter a new number.

Two-step verification helps to prevent unauthorized access to your wallet by requiring a one-time password for every login attempt. You can disable this here if you would like to change your phone number or switch the type of two-step verification you are using.

We also recommend that you download the Blockchain app for your mobile device. Pick your preferred platform iOS or Android (If you chose a mobile option, download & open the app).

With the mobile app, you’ll easier able to access to your blockchain account. Also, if you don’t have a camera on your desktop – you can use your mobile phone for identity verification.

Identity Verification

In reality, if you want to stay anonymous you can use your wallet. But in order to make exchanges and have larger daily and yearly limit, we strongly advise you to verify your identity.

Based on your exchange preferences, you can choose between Silver Level and Gold Level identity verification. If you want to exchange amounts that total no more than $1,000 worth of cryptocurrencies per year, only Silver identity verification is necessary. If you want to exchange more than that (up to $25,000 per day) or participate in our airdrop program, you will need to go through Gold verification.

For Silver verification, you’ll just need to verify your email address and provide your:

• Country of residence
• A first name, last name, and date of birth
• Residential address

For Gold verification, you’ll need to complete all of the above steps for Silver verification, as well as:

• Upload identity document
• Take a picture/video of yourself

On their site, they state that if submission for Gold verification is clear and consistent, the automated verification may take anywhere from 5 minutes to 2 hours. But in our experience, it can take longer even a couple of days.

If you completed profile verification to Gold Level, read our post “How to Claim Free 25$ Stellar Lumens (XLM) with Blockchain wallet?“.

Every user needs to connect to a bitcoin network in order to transfer bitcoins. It is just like your local bank account where you create a savings account and store your money. The same way you can create a free bitcoin account with a Blockchain wallet and store your Bitcoins or other digital cryptocurrencies.

With your blockchain account, you can easily receive and send bitcoin payments or convert Bitcoins to other digital currencies at any time you want.

The post How to create a Blockchain Wallet? appeared first on Bizznerd.