Coinbase Tutorial

Discover a complete tutorial on how to use Coinbase. From creating an account, to using it, we detail everything. Buying, selling and storing your crypto-currencies will have no more secrets for you. Importantly, we will also teach you how to secure your account and Coinbase wallet.
Bots de Trading > Cryptocurrencies > Coinbase Tutorial

Coinbase, a perfect exchange for beginners!

11Bots de Trading - Coinbase

The Coinbase platform, founded in June 2012 by Brian Armstrong and Fred Ehrsam, is a cryptocurrency exchange platform that allows you to buy, sell and store cryptocurrencies.

Its uncluttered interface, and its fast payment methods (via credit card in particular) make this crypto exchange the most accessible platform for beginners.

In addition, Coinbase remains very well positioned in terms of various fees.

Register on Coinbase

Start by registering by filling in the various fields and then validating by clicking on “Create an account”.

Then validate the conditions of use concerning the RGPD.

Then go to your email address to validate the email that Coinbase has sent you. To activate your account, click on the link in this email.

11Bots de Trading - Coinbase
  • Activation link by emailWhen you click on the link sent to you by email, you will be asked to enter your phone number to activate the 2-step authentication
  • Phone numberEnter your phone number
  • SMS codeEnter the code sent to you by SMS
11Bots de Trading - Coinbase
  • Verification of identityFill in your personal information in order to validate your identity
11Bots de Trading - Coinbase
  • Identity verification suiteOn this new screen, select the ID you wish to use to confirm your identity
  • Download methodSelect a method to upload your ID (webcam / mobile camera / file) then complete the ID verification
11Bots de Trading - Coinbase

Secure your Coinbase account and wallet

To secure your account, you must now go to the “Security” section of your account. You can access it directly through this URL: https://www.coinbase.com/settings/security_settings

On this page, we will find several ways to secure your account (we recommend that you use the authentication application as a minimum):

  • SMSDuring the authentication, an SMS containing a code is sent. You just have to enter this code to validate the authentication. You will have to indicate this code for all transactions.
  • AuthenticationIt is a free mobile application that generates a random code every 30 seconds to secure the connection. This security is highly recommended.
  • Security keySecurity key, like YubiKey, is an electronic authentication device that supports one-time passwords, encryption and public key authentication. It allows users to securely authenticate to their accounts by issuing a one-time password.
11Bots de Trading - Coinbase

Register a payment method

The next step is to add one or more payment methods to the site.

To do this, you must go to “Settings” / “Payment methods”.

You can access it directly via this link: https://www.coinbase.com/settings/linked-accounts

  • Add payment methodThen simply click on "Add a payment method".
  • Method of paymentThen select the payment method(s) that interest you (Paypal / Bank Transfer / Credit Card)
  • Finalize the additionAll you have to do is follow the wizard to validate the payment method. Some payment methods will require validation from you
11Bots de Trading - Coinbase
11Bots de Trading - Coinbase

Fund your Coinbase account by bank transfer

When you want to buy cryptocurrency for rather large amounts, the most convenient way to do so is often to use Bank Transfers.

Here are the steps to follow in order to fund your account this way.

  • Access the portfolioStart by going to the "Portfolio" menu
  • Select the currencyThen click on the currency "USD"
11Bots de Trading - Coinbase
  • Add CashThen click on Add Cash, which will bring up the bank details to be filled in to make your transfer
  • Retrieve bank detailsAll you have to do is copy the bank details and transfer the amount you want
  • ValidationYou will then receive a notification by email and by the site to inform you that your transfer has been received
11Bots de Trading - Coinbase

Buy cryptocurrencies with your Coinbase balance

Once you have made a Wire Transfer to Coinbase, you can then purchase cryptocurrencies directly with your available balance.

To do this, from the site, simply click on the “Buy / Sell” button at the top right.

11Bots de Trading - Coinbase

All that remains is to enter the various information:

  • The amountEnter the amount (either in Euro or in the currency you wish to buy)
  • Choice of the cryptoSelect the crypto you want to buy
  • Pay withSelect "USD Portfolio" to use your available balance
  • ValidateFinally, preview and validate the payment
11Bots de Trading - Coinbase

Buy cryptocurrencies with your credit card

To make a purchase of cryptocurrencies by credit card, the handling is almost the same as the previous step:

To do this, from the site, simply click on the “Buy / Sell” button at the top right.

11Bots de Trading - Coinbase

All that remains is to enter the various information:

  • The amountEnter the amount (either in USD or in the currency you wish to buy)
  • Choice of the cryptoSelect the crypto you want to buy
  • Pay withSelect your credit card that you have previously registered in the payment methods. If it does not appear yet, you can directly do "Add a payment method".
  • ValidateFinally, preview and validate the payment
11Bots de Trading - Coinbase

How to find your crypto address (BTC, LTC, USDT, etc.)?

Here’s how to find out your different deposit addresses for your different cryptocurrencies:

  • Display your portfolioClick on "Portfolio" in the menu
  • Find your cryptoLocate in the list the cryptocurrency for which you want to retrieve the address and click on it
  • Click on receptionOn the right side of the screen, click on "Receipt" to display the drop-off address
  • Retrieve the address Copy the address
11Bots de Trading - Coinbase
11Bots de Trading - Coinbase

Effectuer un retrait en Euro sur son compte bancaire ?

It is possible to withdraw from Coinbase to your bank account in 2 ways: By Wire Transfer, or by Credit Card.
You will also need to have Euros in your Coinbase account.
If this is not the case, you will have to transform your cryptocurrencies into Euros first.

Here are the steps to follow to make the withdrawal:

  • Display your portfolioClick on "Portfolio" in the menu
  • Select USDLocate the USD line and click on it
  • Select the amountOn the right, in the "Cash Out" tab, select the amount you wish to withdraw and click "Continue".
  • Means of withdrawalFinally, select the withdrawal method and validate
11Bots de Trading - Coinbase
11Bots de Trading - Coinbase

Make a cryptocurrency transfer to the outside world

To make an external transfer (a payment), simply click on the “Send / Receive” button at the top right of the site.

Make sure you are on the “Send” tab and fill in the form:

  • AmountSelect the amount to send. ATTENTION : You have to add to your base amount, the possible network fees according to the crypto used (here, you have to add 0.00000420 LTC)
  • ToEnter the destination drop-off address that has been communicated to you
  • Pay withSelect the cryptocurrency you wish to send
  • PreviewClick on "Continue" to get a summary of your transfer
  • ValidateFinally, validate the transfer
11Bots de Trading - Coinbase
11Bots de Trading - Coinbase

Convert your cryptocurrencies

There are many reasons why you might want to convert your cryptocurrencies (such as converting your cryptos to euros).

Another reason, which we highly recommend, would be to want to convert your “risky” crypto-currencies into another much less risky currency (such as stablecoin, like USDT, which are crypto-currencies that don’t fluctuate much in price).

To do so, you will have to click on “Buy/Sell” from the home page.

11Bots de Trading - Coinbase

All you have to do is fill in the form and validate.

  • Convert tabSelect the convert tab
  • AmountChoose the amount to convert
  • Choice of currenciesSelect the source currency and the destination currency
  • ValidatePreview and validate
11Bots de Trading - Coinbase