Coinbase – All About Coinbase

In this article we are going to discuss about Coinbase.

Coinbase ? What is it ?

Now its the era where the world is dealing with cryptocurrencies. i should say bit coin played a major role for this because of  its climbing value. Currently there are many currency exhangers, one of the most popular is Coinbase. Ii is a platform where we can Buy, Store, Transfer, and store digital currencies. It was founded in the year 2011 by Brian Armstrong and Fred Ehrsam. It is headquartered in San Francisco, California, United States.

They Broker Exchange Bitcoin, Litecoin, Ethereum and many other digital currencies. In the year 2017 coinbase got the Bitcoin license for trade. In the same year they weree approved to trade etherum and litecoin too. On December 2017, it launched Bitcoin Cash Support.

Coinbase is a wallet ??

No, coinbase is not a wallet. often many people confuse between wallet and exchange, using wallet you can spend your bitcoin cash for day to day expenditures. Using coinbase is like a exchange. you can convert your local currency into digital currencies such as bitcoin, litecoin, ethereum and many others as a investment. Its better  to maintain both Exchange and Wallet.

Is Cionbase safe ? Is it safe to link your Bank account ?

yes, it is safe. It is a Exchange service. Negligible chances of hacking issues. If its hacked through their mails, It is likely to blame own selves. The users account numbers are stored using level AES-256 encryption on their servers. so it is  safe.

How to use Coinbase ?

  1. The first step to register at official coinbase website.
  2. Link your bank account to your profile to enable higher trancaction range.
  3. After linking load your profile with Cryptocurrency of your choice .
  4. After loading, If you want to Send or Request currency, Follow the steps below.
  5.  In the top left corner of the webpage, you see a option Send/Request. Decide weather you want to send or request currency to someone.
  6. coinbase
  7. For Sending and Requesting currecy, you have to fill the same information such as
  •  Recipient (details of person you want to send or request currency)
  • Amount (you can load amount from your wallet you wish like bitcoin wallet, USD wallet)
  • coinbase
  • Note ( u can send any description about the amount you are sending or requesting )
  • click on Send funds/Request funds .
Does coinbase supported in your country ?

Currently coinbase supports its brokerage sercices in Canada, United kingdom, United states, Singapore and most of the european countries.

How to know if my Transaction is successful?

Coinbase purchases usually done instantly, sometimes it takes 10 secs to a maximum of 10 days depending up the method of payment and your geographical area.
People purchasing from canada, Uk, Us, Singapore, European countries using Debit/Credit cards get their purchases or deposits instantly or it takes a couple of minutes ror it.
But, doing it through bank transfer takes time as the bank have to transfer the cash to them. It usually takes 3-5 days and sometimes 7-10 calender days. Once the money tranfer is done, you’ll get your purchaces in less time.
How to know if my Transaction is successful ?
If your transaction is successfull, it gets verified and shows you  Complete in green letters.
Coinbase transaction
Sometimes, many are facing Transaction pendings. It may be because of many reasons such as  due to incomplete fees, Trying to send same coins by double transactions, sending a very little amount.
Coinbase is a global digital currency exchange portal and the transactions are done globally every time. Some due to heavy traffic, they may loose nodes with the server and it may cause transaction pendings.
Anyhow, Transaction pendings wont last long, and will be done with in sometime. If not, Try contacting the support team.
Conclusion: Any Queries about Coinbase and other topics , Comment us below and we will response as soon as possible.

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