How to receive Bitcoin (BTC) on Coinbase ?
You want to receive bitcoins using Coinbase, but you don’t know what to do. It is for this reason that we advise you of the procedure to follow step-by-step.
Your registration on Coinbase
Before you can receive Bitcoin on Coinbase, you need to register on the platform. But you should not experience too many problems, since it is quite simple. You can then follow the different steps mentioned. The first thing you need to do is fill in a form in which to indicate your name, your first name and your email address. You will also need to create a password. However, in order to limit the risk of piracy, we recommend that you find a complex password. It only remains for you then to click on the link you will find in the email you received to validate your account.
Once your account is validated, you will be asked if you are registering as an individual or as a company. After you have indicated, you will need to give your mobile phone number before entering on Coinbase code received by SMS. We also recommend that you link your account with your mobile phone. You will benefit in a second security since you will receive an SMS on every transaction.
The verification of your identity
However, before your account Coinbase is fully operational, you need to prove your identity. Once again, this is really not difficult. You will need to simply provide one piece of valid identification, either an id card, a passport or a driving licence. To do this, you just need to take a picture holding your id in hand. You can do it with your webcam or with your mobile phone. However, if you prefer a more traditional method, you can also send your documents. To do this, you will go directly to the post on Coinbase.
Create your receiving address and receive crypto-currency
But before receiving of Bitcoin on Coinbase, you’re going to have to generate a new receiving address. It is, in effect, it will allow you to receive your bitcoins. So you need to go to your profile and click on ” Generate new key “. Then, you will transmit this key to the transmitter. It will be indispensable. However, you need to ensure that there is no error with this address. The sending of bitcoins is irreversible, and the slightest error in this address would result in the permanent loss and unrecoverable bitcoins. Therefore, we advise you, as well as the transmitter of the sending, use copy and paste to manipulate this address. Once the transaction is completed and validated, you will receive your bitcoins in your account Coinbase.
What you must remember
- Before you can receive Bitcoin on Coinbase, you need to register on the platform and validate your account.
- However, you will not be able to use your account as your identity will not be checked.
- To receive Bitcoin, you must first create a new address to pass on to the issuer.