How to Setup a Coinbase Bitcoin Wallet
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Pretty much every person today has a PayPal dogecoin wallet configuration and uses it to make purchases or send and receive payments from other people. A cryptocurrency wallet provides the same functionality, but with a couple differences. When you go to Coinbase. Select the checkbox and then click the Sign Up button. Phone verification is necessary to serve as a secondary authentication source to further protect your wallet.
The one caveat to this is you will need to enter your cell phone number. Once you enter your phone number you will receive a text message with dogecoin wallet configuration verification code to enter on the site. Enter the code and verification is now complete. I chose to link both my PayPal for funding my account and bank account dogecoin wallet configuration withdrawals. This allows me to have funds available immediately when transferring to my Coinbase wallet that I use when purchasing hashpower at Dogecoin wallet configuration.
During this part of the setup process I would recommend linking your bank account as no ID verification is required for that step. If you have a camera on your computer you can upload the image that way. I found it easier to install the Coinbase app on my smartphone and upload my ID that way. This will enable your dogecoin wallet configuration and allow you to upload your ID. Once your ID has been verified you will be able to complete your account linking and start transferring funds.
The last thing we need to do is validate our identity by filling out your account profile form. When you go to your account settings you will see a link like the one below. Click that dogecoin wallet configuration it will take you to the Identity Verification form. Enter your information dogecoin wallet configuration this step is complete and your wallet is now active. Now that your Coinbase wallet is active and your dogecoin wallet configuration are linked you can send or receive Bitcoin.
To receive Bitcoin you simply provide people with your Bitcoin wallet address that they send the funds to. A window will pop-up as shown below. The long alpha-numeric address is the address to your wallet. Provide this address or dogecoin wallet configuration email to people sending you BTC. This dogecoin wallet configuration also the address you can use to have your mining profits sent to you.
For example if you purchase hashpower from a cloud mining site like Genesis Mining, when your purchase is complete they provide a BTC address dogecoin wallet configuration send the funds to. Copy that address and use it to send the BTC funds, which will complete the transaction. You can dogecoin wallet configuration use this wallet to receive Bitcoin mining proceeds from sites like Genesis-Mining. To comment on this article, you must sign in or sign up and post using a HubPages Network account.
Other product and company names shown may be trademarks of their respective owners. HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others. Coinbase is used as an exchange between your local currency and cryptocurrency. So if a person wanted to own Bitcoin, Ethereum or Litecoin as a investment they can simply buy the currency with USD and hold it in the wallet.
If the price goes up you can then exchange your cryptocurrency back to USD for a profit. One of the reasons I use my cryptocurrency wallet is to have my cloud mining proceeds deposited in BTC daily.
Phone Verification Phone verification is necessary to serve as a secondary authentication source to further dogecoin wallet configuration your wallet. Identity Validation The last thing we need to do is validate our identity by filling out your account profile form. Receiving Bitcoin Funds Now that your Coinbase wallet is active and your accounts are linked you can send or receive Bitcoin.
