Coinbase is one of the most trusted cryptocurrency platforms and offers various products, including crypto investing, an advanced trading platform, a wallet for retail investors, and a US dollar stable coin. Founded in 2012, Coinbase has now become the perfect investment spot for individuals and businesses who want to place their money in a place where it is not secure but helps their investment goals.
As a leading crypto exchange in the United States, Coinbase goes to great lengths to ensure that users’ crypto assets are safe and secure. Initially, Coinbase allowed only trading in Bitcoin, but now it supports more than 50 coins. According to a report by Coinmarketcap, Coinbase covers the third-highest trade volume of all the exchanges. If you are looking for investing in cryptocurrency using Coinbase wallet, here is what you need to know:
Benefits of trading crypto on Coinbase-
- Very high liquidity when compared to other such platforms
- Coinbase is users friendly, and it has a simple interface for beginners
- More than 50 cryptocurrencies to choose from
- It is a secure platform as it maintains crypto-insurance under the FDIC
- Users can access their account through an online browser or mobile app
Which cryptocurrencies are available on Coinbase?
As previously mentioned, Coinbase has more than 50 crypto options for investing, and trading and this number is increasing. Some of the crypto available on Coinbase is outlined below:
- USD Coin
These are some of the most popular cryptos available on Coinbase. Before you invest in any coin, you must first read about its different limits and minimum/maximum withdrawal amounts. Additionally, you can get a summary of the terms of services and restrictions for each cryptocurrency supported on Coinbase.
How to create a Coinbase account?
If you are new, be informed that it is quite straightforward to sign up for a Coinbase. First, you need to provide details such as name, email and create a password after completing the account verification procedure.
- Open the Coinbase official site or mobile app
- On the Login Page, click the option of Don’t have an account
- Now to create a Coinbase account, enter your first name, last name, and email address.
- Then create a password for your Coinbase account
- Choose your country from the drop-down menu
How to complete the two-step verification on a Coinbase account? To Keep Your Coinbase Account Safe-
Once you have the Coinbase account login, you must complete the two-factor authentication, also referred to as 2-step verification. This is to add an extra layer of security to your account. You required the following to set up 2-step verification on Coinbase:
- A Coinbase Account
- A smartphone with a SIM card and internet connectivity
- A compatible authenticator app
- A physical security key device
Check these four items, then move forward to authenticate your Coinbase account. Here is how to set up 2-step verification via SMS:
- In the Security tab, enter your mobile phone number
- Click Send Code, you will get a 7 digit code on the registered number
- Enter the code and click Submit
After the two-steps verification is authenticated on your account, you will receive an SMS code to verify your identity the next time you sign in. Apart from verification via SMS, there are other options available such as 2-step verification via an authenticator app and using a security key; you may try these also.
What Are the Common Coinbase Issues?
While Coinbase has a reputation for providing good service, some customers have said they have experienced account takeovers or other problems while using the platform. Some have reported that their accounts were locked out or were stolen and that their money was not returned. Customers often wonder: What are the common Coinbase issues? Some users even treat Coinbase as their de facto bank. Yet, when they run into problems, the company’s customer support team seems to be a dead end. There are hundreds of complaints on Reddit, and some users are using Twitter to get the company to respond. Others have had to wait more than five days to unlock their accounts.
Some users have reported problems with Coinbase’s mobile app. The platform often goes down during peak hours and many users post screenshots of the Coinbase wallet issues. Other customers have also complained about long verification processes.
Coinbase has improved its customer service department, but the general public is still not satisfied. Although it has improved overall, there have been some recurring issues with the website. In the past, the Coinbase website did not update frequently enough. The company is also prone to errors. While there have been no major issues reported since the launch, users have criticized the lack of support from staff. One user recently said she contacted a customer support team who replied to her request within two hours.
How Do I Recover My Money From Coinbase?
To recover your funds from Coinbase wallet, you must first convert your crypto to fiat. Once you have this money, you can withdraw it in fiat currencies. To do this, you must log into your account and tap the “trade” button on the navigation bar on the left side of the screen. If you don’t have this option, you can report unauthorized transactions by email or phone. You must have the recovery phrase saved on your device to do this.
To recover your funds, you must first contact Coinbase wallet . The company is based in California and offers a user-friendly interface. Then, you must confirm the withdrawal using your phone number. To do this, you must enter the recovery phase. If you do not remember it, you must go back to the Coinbase website and activate it again. Then, follow the instructions on the page to verify your account.
After you have verified your account, you can withdraw your money. If you do not know the recovery phrase, you can check your email or phone number to find it and activate it. Once you have activated your email and password, you should be able to link the new accounts to your current ones.
Is Coinbase a secure platform for trading and investing in cryptocurrencies.?
Yes, Coinbas is a secure and legitimate exchange to use. Although there are market fluctuations involved nad investing in cryptocurrency can be risky. But Coins provide the user with solid security and provide a variety of safety measures for account holders.
Why is my Coinbase account not working?
It could be due to so many different reasons, such as using an older version of the app on your phone, faulty internet connection, entering incorrect details, etc.
How to fix the Coinsbase login errors?
To resolve the login problems on Coinbase, you need to take some troubleshooting measures such as updating the Coinbase application, clearing your browser’s cache and cookies, checking the internet connection, and rechecking the Coinbase login details.
Can I reset the Coinbase account password?
If you cannot log into your Coinbase account, you can try resetting its password by following certain steps on your mobile phone.
What is Coinbase Pro?
The Coinbase Pro is another few exchange platforms of Coinbase. It comes with advanced features for users interested in making a long-term investment in crypto.