Coinbase is a popular cryptocurrency exchange that offers secure wallets for storing your digital currency.
It’s one of the most popular cryptocurrency exchanges. If you want to buy, sell, or trade cryptocurrency on Coinbase, you first need to set up a Coinbase wallet address.
In this article, we’ll go over how to set up an account and get your wallet address.
1. Sign Up for a Coinbase Account
First, you’ll need to create an account on Coinbase.com. This will give you a secure place to store your coins and easy payment methods to convert your local currency into or out of digital currencies.
To sign up for Coinbase.com, you’ll need to provide your name and email. You’ll also be asked for a phone number and to create a password.
2. Enter Your Name, Email Address, and Password
Coinbase will ask you to enter your first name, last name, email address and choose a password.
After entering these details, click the “Create Account” button to continue. It’s important that you’re careful with your password.
Don’t ever use the same password for multiple accounts (including Coinbase), and try not to use passwords that contain common phrases or words found in dictionaries.
3. Verify Your Email Address and Phone Number
Coinbase will send an email to the address you entered. Open this message, and click on the verification link inside.
This will take you back to Coinbase’s signup page, where a new box will be displayed requiring you to enter a phone number.
Enter your number and click the green box marked “Verify Phone Number.” You’ll then be sent a text message containing an authentication code. Enter this code on the same page, and click “Submit.”
4. Set Up Your Account Security
After submitting the authentication code on your phone, you will see a new menu option in the upper right-hand corner of the page.
Select “Security,” and you will be directed to a menu containing a series of security options.
To secure your account, choose “Basic” or “Advanced.” The Basic settings screen allows you to set up your name, password, and 2-factor authentication.
If you want to take things to the next level, select “Advanced” to set up your security settings for maximum account protection.
5. Link a Bank Account and Verify Your Identity
Once you’ve completed all of these steps, you can then link your personal banking information and complete the verification process (which requires uploading an image of your license or passport and snapping a photo of yourself with your webcam).
After you have verified your identity, you can start a purchase.
6. Get Your Coinbase Wallet Address
After you have created an account and linked your bank account, the next step is to generate a Coinbase wallet address.
This is where you will send cryptocurrency that you buy on Coinbase. It’s also were to receive money when you want to cash out.
To generate your Coinbase wallet address, click on the “Wallet” link at the top of the page.
On this page, there will be a small box in which you can enter an amount of money (anywhere from $20 to $1 million) and then click “Deposit.”
This will give you your unique wallet address, which you can then use to receive money.
7. Verify Your Wallet Address
When you receive funds into your Coinbase account, the money will show up in this box.
You’ll be able to see how much is in there, along with a small QR code that can be scanned by exchanges who wish to send you cryptocurrency.
In order to use this wallet address, you’ll need to enter a 2-step verification code that will be sent to your phone. This ensures that only you can access your money.
Conclusion
These are the steps on how to get a Coinbase wallet address;
1. Sign up for a Coinbase account
2. Enter your name, email address, and password
3. Verify your email address and phone number
4. Set up your account security
5. Link a bank account and verify your identity
6. Get your Coinbase wallet address
7. Verify your wallet address
Whether you’re trading cryptocurrency on Coinbase or using your wallet to buy and sell currency, this is a crucial step that ensures your money is safe.