While the price of Bitcoin is increasing almost on daily basis, most people are still unaware of its existence not to talk of how to get into the business.
Today, I want to talk about the Bitcoin Wallet which specifically, CoinBase will be the one I will recommend to you at the end of the day.
What is Bitcoin Wallet?
Bitcoin is a currency so let me say Bitcoin Wallet, as the name sounds is where you keep your Bitcoin. You can also think about as Bitcoin bank account. That is the simplest way I can explain it.
CoinBase is the best wallet I have ever used for my Bitcoin transactions.
Lets say you want to start a savings account at a bank, what are some of the qualities you look out for from the bank before you sign up for the account?.
With me, these are the qualities I look out for in a bank before signing up for an account;
- Customer services
- Available services
- Responsive online platforms
- Recommendations from friends or users
If I don’t get any of the things mentioned above in a bank, I’m definitely not signing up for anything there. Now, lets take all that to coinbase.
While this is just an online platform, the security is exceptionally tighter than you can ever imagine. Using 2-Factor Authentication is a must when using this account. Aside that, your account automatically logs-out if there is no activity for more than 5 minutes and you also have to verify your email address anytime you log in from a new device.
2. Customer service
You can contact coinbase in many different ways including through their phone number which is available in every country. It takes less than 30 minutes to get all your questions answered and all your problems solved.
3. Available services.
There are so many available services in the coinbase account;
- You can buy and sell Bitcoin directly from your wallet. Even though this is not available in every country, coinbase is looking forward to extend this service to every country. Inside this service, you can transfer the money from your coinbase wallet directly into your offline bank account.
- You can store other cryptocurrencies in the same coinbase wallet.
- You can also invite your friends to sign-up for coinbase account and earn $10 on every sign-up
4. Responsive online platforms
There is a flexible online platform for the desktop computer which is the website, there is an android app on google-play-store and there is one for iPhones as well.
You check the number of good reviews against the bad reviews on google. We can’t all like the same thing so someone will definitely give some bad review about it. Unless there is a problem with their services, you should see more good reviews than bad ones. You can check this review here
Anyone who will give good testimonies about their services is actually recommending their services to you same way. That is exactly what I am also doing here.
How to sign up for a coinbase account
Note: Make sure you don’t sign up with random details because coinbase will request for those information if you are making a transfer into or out of your account. It is highly recommended that you fill the form with your correct information.
In my next article, I will be talking about how to get some Bitcoin into your coinbase account so sign up and get your account ready for my next tutorial.
If you have any suggestion, you can leave a comment in the comment box.