Coinbase is a cryptocurrency trading and investment company offering a fair, accessible, efficient, and transparent financial system. The company was launched in the year 2012 and at the core of their buisiness is the idea that people should be able to easily and securely send and receive Bitcoin. Coinbase has made a remarkable impact in the 9 years they have been in existence because as of now, the company has approximately 73 million verified users, 10,000 institutions, and over 185,000 ecosystem partners in over 100 countries, this proves just how big and reputable the company is.
With Coinbase, users can buy, sell, and exchange cryptocurrencies and you will be excited to know that the company offers over 100 tradable cryptocurrencies like Ethereum, Bitcoin, Dogecoin and several others. The company offers more opportunities to earn cryptocurrencies to its customers as they can either earn interest on eligible balances, or get a small amount of a new currency through Coinbase Earn.
Coinbase runs two different platforms and these are Coinbase and Coinbase Pro, the two have their own unique differences but the similarities lie in the fact that each allows you to buy, sell, and trade cryptocurrencies.
One thing that separates Coinbase from other companies is that Cryptocurrency is insured so users do not have to stress whether the website is hacked or not because everything is insured, this has led many people to use Coinbase because it gives users a sense of security.
Please note that you can send crypto to your friends and family, and crypto can be used to pay for goods and services.Sending crypto is easy because since crypto is digital, sending crypto is very easy as just as sending an email. The other popular international exchange is Binance South Africa, and even though they are not based in South Africa, they do enable South Africans to buy Bitcoin.
How to register with Coinbase South Africa
You must be registered on the Coinbase platform in order for you to make use of their services. To register, you must:
Visit the Coinbase website at https://www.coinbase.com and please note that you can do this from a browser or on the Coinbase App which is available on Android and iOs.
Click on the ‘Get started’ button on the top-right side.
Fill in the registration form with the following details
Names
Email Address
Password
Check the box for confirming your age and agreeing to the Terms and Conditions.
Coinbase will send you a verification email to your registered email address, verify your email to complete the registration process.
How to set up a Coinbase Crypto wallet in South Africa
Your crypto wallet is the place where you can securely keep your crypto and in order for you to set up a hosted wallet, you must:
Choose a platform you trust. Your main considerations should be security, ease of use, and compliance with government and financial regulations.
Create your account. Enter your personal info and choose a secure password. It’s also recommended to use 2-step verification (also called 2FA) for an extra layer of security.
How to withdraw funds with Coinbase?
You can withdraw your money from Coinbase back to your bank. You will just need to sell your cryptocurrency on the exchange. The money from the sale will enter your Wallet on Coinbase, and then you can withdraw the funds to your bank.
You can also send crypto from your Coinbase account to your own wallet as long as you have your wallet address, though you may incur a fee.
Which cryptocurrencies does Coinbase offer?
When it comes to cryptocurrencies, Coinbase is one of the best because it supports trading of over 100 cryptocurrencies and regularly introduces new coins on the list. Below is a list of some of the popular currencies on the platform:
Bitcoin (BTC) (see latest Bitcoin to Rand Price)
Ethereum (ETH) (see latest ETH to ZAR Price)
Cardano (ADA)
Solana (SOL)
Polkadot (DOT)
USD Coin (USDC)
Dogecoin (DOGE)
Uniswap (UNI)
Litecoin (LTC)
Shiba Inu (SHIB)
Algorand (ALGO)
Stellar Lumens (XLM)
Polygon (MATIC)
DAI (DAI)
SushiSwap (SUSHI)
Coinbase Customer Support
The Coinbase customer service is impressive and this is just one of the most significant area where other cryptocurrency companies fail. There is a number of communication channels whereby you can reach this company and that is very good because the customer will be able to receive help in time.
Coinbase has a great customer service options such as the Coinbase help page, emailed support tickets, an automated phone system, and a chatbot.