![]() In certain countries Coinbase offers additional local payment methods that can be faster yet not more expensive than normal bank transfers. This feature is only available to US customers though. If you hold more than $1 of USDC in your account, Coinbase will automatically distribute these rewards to you. USDC is a stablecoin issued by a consortium of crypto exchanges and financial firms which Coinbase is a part of. Earning Interest on CoinbaseĪs an additional perk Coinbase let's you earn 0.15% interest on USDC deposits. ![]() After your funds have arrived you can simply buy cryptocurrency using your Fiat wallet as payment method. This will take approximately 2-3 days to be processed after which you will receive an email from Coinbase notifying you of the arrival of your funds. Then, head to your online banking and initiate the transfer using the transfer information displayed by Coinbase on the next screen. If you want to make a normal SEPA bank transfer, just enter your name, bank name and the amount you want to transfer. Click on the fiat currency you want to fund your account with (in our case that’s Euro) and then click on “Deposit” on the screen. You’ll see a list of all assets and your respective balances. To make a bank account deposit, go to the “portfolio” tab in the navigation bar. Coinbase for example, will charge you a 3.99% fee on your purchase if you use a credit card so you’re better off using your bank account. That’s because Coinbase itself incurs high costs for processing these transactions using services of so called payment providers. Generally speaking credit/debit cards are always the fastest method to obtain your crypto but also the most expensive. ![]() There are several payment options you can choose from. In order to do that, click on “trade” in the top right, choose the cryptocurrency and the amount you want to buy as well as the payment method you want to use. Once you’re signed-up and verified, you’re good to buy your first crypto. Once that’s done, Coinbase will ask you to provide you some personal information like your name, birthdate, address, current occupation and the source of your funds. Make sure to give your primary phone number as Coinbase will use this phone number to authenticate you every time you log-in through their website. Next, enter your country and mobile phone number. You should receive an email from Coinbase asking you to verify the email address, immediately after. Sign-up with your email and choose a password. To start, navigate to and click on “Get started”. Millions of people have turned to it in the crypto hype phase of 2017 because it’s extremely easy to use for people looking to quickly buy bitcoin or other cryptocurrencies.Īlthough Coinbase offers mobile apps the sign-up is best completed through their website on a desktop PC (parts of it can’t be done on mobile). It’s one of the most well-known companies in crypto. Founded in 2012 in San Francisco, Coinbase is a custodial digital currency wallet with an integrated trading platform.
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