Today, there are numerous cryptocurrency exchanges that allow you to trade different digital currencies, however, not all of them are reliable and secure. In order to buy a cryptocurrency on a reliable exchange that does not charge any fees, you need to get a verified account.
What is a Coinbase Verified Account?
A verified account is a status given to users who have gone through a certain level of verification on an exchange.
Verified users are given complete control over their accounts and are able to see every transaction that happens in the exchange, this is done through a process called settlement or verified signing, Coinbase is an online cryptocurrency exchange that allows users to buy, sell, and store various cryptocurrencies.
The main advantage of Buy verified account is that it’s one of the most secure exchanges out there, what’s more, Coinbase supports a wide variety of cryptocurrencies, allowing customers to purchase any digital asset.
However, not all exchanges are like this; in fact, most exchanges allow customers to only purchase a few digital assets.
To get verified on Coinbase, users must provide their name, address, and government-issued ID, in addition, the exchange requires your phone number and set of bank/insurance information, once verified on Coinbase, you can see the complete transaction history and send/receive funds.
How to Buy a Verified Account on Coinbase
To buy a verified account on Coinbase, follow these steps:
- Go to Coinbase and create an account.
- Select the country/region you live in.
- On the left menu, select buy/sell and then buy bitcoin.
- Scan the QR code from the phone or type the bitcoin address.
- Enter the amount you want to spend and the bitcoin address.
Steps to Buy a Verified Account on Coinbase
- Coinbase Verification to complete the process of getting verified on Coinbase, you must provide your name, address, phone number, and ID. You must also link your bank account, credit card, or debit card, once you’ve finished the process, you’ll be able to see a green lock on the buy bitcoin section.
- Select the Amount and Price of the Bitcoin Once you’ve verified your account on Coinbase, you’ll see the amount and price of the bitcoin you bought. You can change the amount or the price by long-pressing the bitcoin and selecting the amount/price you want to buy.
- Complete the Payment After you’ve selected the amount and price, Coinbase will show you the payment details. You can check the details such as the address, amount, and date of the transaction.
- Buy the Bitcoin Once you’ve completed the details of the payment, you can buy the bitcoin once the payment has gone through, the bitcoin will appear in your Coinbase account.
Conclusion
Buying a verified account on Coinbase means you will have complete control over your account, this means that you will be able to see every transaction that happens in the exchange.
You will also be able to send and receive funds. Coinbase is one of the most secure exchanges out there, not only does it have end-to-end encryption, but also it has a strict verification process that can take days or weeks.
If you want to buy a verified account, you should start by creating an account on Coinbase after that, you should verify your account and buy some bitcoin, with your verified account, you will have access to the most secure and reliable exchange where you can buy your cryptocurrency needs.