How to receive crypto-coins on Coinbase ?

How to receive crypto-coins on Coinbase ?

You have decided to receive crypto-coins on Coinbase, but you don’t know how to do it. No problem, we’ll show you the steps to follow to achieve this.

Your registration on Coinbase

Before you can receive crypto-coins on Coinbase, you must create an account on this platform. However, this is really not difficult, you just need to follow different steps. The first of them is to give several personal information, including your first name, your name and your email address. In addition, you will need to create a password. We recommend that you generate a complex password, which will allow you to limit the risks of hacking your account. Once this is done, you will receive an e-mail containing a link that will allow you to validate your registration.

You will then need to indicate whether you are an individual or a company before your mobile phone number you requested. Once you have provided it, you will receive an SMS with a code to enter on Coinbase. In addition, we recommend that you bind your account and your mobile phone number. Thus, you will be notified by SMS before each transaction, which will allow you to take advantage of a second safety.

The documents to be provided

However, you can not yet take maximum advantage of Coinbase. In fact, before you do that, you will need to prove your identity. For that, you need to take a picture while you hold a piece of identification belonging to you to the hand. You have the choice of your identity card, your passport or your driving license so that the picture can be taken with your webcam or your mobile phone. However, if you prefer a more traditional method, you can send your documents by posting them directly on Coinbase.

Create your receiving address and receive crypto-currency

However, before to receive the crypto-currency, you must generate a receiving address. For this, you need to go to your profile and click on generate a new key. Once this is done, you will need to provide this address to the sender of the shipment to use for the transaction. However, we recommend that you use the copy-and-paste to do this. Shipments of crypto-currencies are in effect irreversible and an error in the address would result in a permanent loss of your crypto-currency. Once the transaction is validated, you will receive your crypto-currency directly to your email address.

What you must remember

  • Before you can receive the crypto-currency on Coinbase, you must create an account on the platform and validate it.
  • However, before you can fully use your account Coinbase, your identity needs to be verified. To do this you must provide an identity document in course of validity.
  • To receive the crypto-currency, you must first generate an address to provide to the issuer.
  • However, when it is used, your address must not contain any error, under penalty of irreversible loss of your crypto-currency.