What is Coinbase? Instructions for creating wallets Bitcoin, Ethereum, LTC on Coinbase

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2021-03-23 09:45:06

Coinbase – In the previous post, I showed you how create a bitcoin wallet on the Blockchain as well as how to use blockchain wallets from A – Z is very detailed already. Today, we will continue with a reputable, secure and free online wallet creation service for Bitcoin, Ethereum, Bitcoin Cash and Litecoin: Coinbase wallet same way to use coinbase, how to transfer / receive money via coinbase. Please pay close attention, I will guide you how create coinbase wallet simplest and the steps to use it.

Instructions for creating a bitcoin wallet on coinbase

What is Coinbase?

Coinbase is a cryptocurrency exchange and also provides wallet services for storing various coins such as: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). However, for now Coinbase exchange Trading transactions are not supported for some countries, including Vietnam, and with the storage wallet service, any national notebook user can use Coinbase.

Basically Coinbase wallet no different from wallet Blockchain.infoAn extremely reputable website that allows bitcoin investors to create wallets to store coins they earn or buy from other vendors. Many of you ask yourself “Coinbase wallet is secure“,”Is coinbase wallet good?“Then I can confirm that at the present time, Coinbase and Blockchain are the two best electronic wallet services for storing money. Coinbase’s service is completely free, meaning you can create wallets, exchange, trade, buy and sell BTC with no fees at all. So Coinbase is widely used and trusted by bitcoin users.

However, a successful transaction’s confirmation time Coinbase will take longer than Blockchain. But this small disadvantage does not reduce the number of users, it is simply free and has many other advantages that help users to store and exchange virtual money conveniently such as: Easy to use, safe, No charge, express and receive.

Instructions on how to create wallets Bitcoin, Ethereum, LTC on Coinbase

1. Sign up for a coinbase.com account

– To register for an account on coinbase, visit the following link: https://www.coinbase.com/signup (Usually when you first access Coinbase’s default language will be French or something, you scroll down to the bottom of the page to notice the “Language” section and then click “English” for easy use.)

– Next fill in all the information: First Name (Last Name), Last Name (Name), Email and Password then click on “I agree to the, ..” then select Create Account

Sign up to create a Bitcoin wallet on coinbase
Sign up to create a Bitcoin wallet on coinbase

After registration, the system’s Coinbase will send a confirmation email, you email to activate your account, it will report like this, you click on Verify Email Address is done

Coinbase Email Confirmation
Coinbase Email Confirmation

Ok. So the steps to register to create a Bitcoin wallet on coinbase are done, quite simple, right, now will come to how to use it. Coinbase wallet. You continue to see below

How to use a Bitcoin wallet on Coinbase

After confirming, you will see an overview of the new interface Bitcoin wallet on Coinbase as shown below, (The time CHK.com wrote this article was on March 20, 2017, coinbase has changed its interface compared to before, making it easier to see and use, even novices can use it. .

The interface of the bitcoin wallet on Coinbase
The interface of the bitcoin wallet on Coinbase

Below I will explain the most important main features of Coinbase wallet that you need to know to be able to master coinbase:

  • Dashboard : Dashboard of your coinbase wallet
  • Buy / Sell : This function is only available for countries like the US or Europe, and Vietnam is not supported
  • Send / Request : You can use this function to send BTC or ETH to another place
  • Account : This is where the BTC, ETH, and BTC accounts are stored in cold storage
  • Setting : A place where you can change personal information, avatar, password, turn on 2-layer security, …
  • Tool : The place where you create BTC or ETH addresses, is the receiving address, you can also create many addresses, the addresses are all in the same account, so it’s easy to manage.

Coinbase allows you to create about 200 different sites, which is a pretty cool advantage use a bitcoin wallet on coinbase. To do this, select the human face logo and choose Advanced.

Instructions for creating a Bitcoin + Ethereum + Litecoin wallet address in Coinbase

First, I want you to know each virtual currency like Bitcoin, Ethereum, Litecoin in your account Coinbase will have main wallet and extra wallet. For the primary wallet, this is a wallet that will automatically change the wallet address every time you receive money. So after each receiving money you should check the new wallet address before sending it to the sender to send you money.

And another point to note is that the main wallet addresses only after receiving money will automatically be listed in the list of sub-wallet addresses. So have you ever had a situation where you forgot to update the new wallet address and still has the old wallet address given to the remitter? The answer is completely okay, the money is still in your account normally

First of all, I will show you how to get it coinbase wallet address right before. You select the tab “Accounts“Then choose”Get Bitcoin Address“As shown below to create a wallet for each coin BTC, ETH and LTC offline

Create wallet addresses for bitcoin, ethereum and litecoin on coinbase
Create wallet addresses for bitcoin, ethereum and litecoin on coinbase

Instructions for creating multiple Bitcoin, Ethereum, Litecoin sub-wallet addresses in Coinbase

Next one Coinbase account You can create thousands, millions of leeches for Bitcoin, Ethereum and Litecoin sub-wallets to receive money, and when someone sends money to that address, they all go to the account. coinbase wallet of you. For secondary wallets, this is a fixed wallet address even after each time you receive money.

So in case of small transactions you can use the fixed sub wallet address. And another point to note is that the main wallet addresses only after receiving money will automatically be listed in the list of sub-wallet addresses.

You go to the tab “Tools“Then select the tab”Addresses“, Select the currency you want to create your secondary wallet and choose”Create New Addess“. You will see the secondary wallet address right below, you can use that fixed secondary wallet address to receive money from someone.

Create a secondary wallet on coinbase
Create a secondary wallet on coinbase

Instructions for transferring money from your Coinbase account to someone else

To transfer Bitcoin, Ethereum or Litecoin to someone else from your Coinbase account, select the tab “Send / Request“, Select the tab”Send“. Next, Enter the recipient’s wallet address or Coinbase account, select the currency you want to transfer, enter the amount to transfer, write the transfer content. And finally choose “Send Funds“To transfer money.

How to transfer money from coinbase
How to transfer money from coinbase

Epilogue

Ok. So CHK.com has finished showing you how create coinbase wallet To store Bitcoin, Ethereum, Litecoin as well as how to use, transfer / receive money from coinbase, it’s not difficult, you just need to follow and follow the step by step guide you will surely create yourself. OK Bitcoin wallet on coinbase to use for your own purposes. Good luck

Watch a video on how to create and use a Coinbase wallet that is intuitive and easy to understand

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