what is coinbase and how to use it for beginners

Coinbase is a digital currency exchange that allows you to purchase and sell bitcoin, ethereum, and litecoin.

Coinbase supports more than 30 cryptocurrencies and offers novice users a simple way to get started with buying cryptocurrency.

Coinbase also has an app for Android, iOS, Windows 10 and Mac OS X.

Coinbase charges fees of 1%, but they are very low compared to other exchanges. However, there are some drawbacks if you are not using plastic money: You can only deposit and withdraw money in the United States and Canada.

If you're looking to get started in the world of digital currencies, then using Coinbase is a great way to do it. In this article, we'll show you how to use Coinbase so that you can begin buying and selling cryptocurrencies.

To Use Coinbase :

coinbase is a secure place to buy and sell bitcoin, ethereum, and litecoin.

Create your account. You’ll need a Coinbase account in order to use the site. Create your account by entering the email address used for your primary bank account or credit card, or by using your mobile phone number.

Set up 2FA (Two-Factor Authentication). If you have an iPhone, Android phone or another smartphone that supports 2FA (such as Google Authenticator), you’ll need to set it up before you can log in securely.

Connect your bank accounts. To deposit money into your Coinbase account, you’ll need to connect it to a bank account that allows transfers in US dollars (USD). You can find out whether your bank offers USD transactions by logging in and going to Settings > Accounts > Add Bank Account. If it does not offer USD transfers, you can still use Coinbase but only if you have another way of moving money out of Coinbase into USD (e.g., through a wire transfer).