Are you considering buying cryptocurrency but don't know where to start? With the increasing popularity of digital assets and the rise of online brokerages, it’s easy to feel a sense of FOMO when you see the price of Bitcoin or other cryptocurrencies climbing.The Financial Industry Regulatory Authority Foundation and the CFA Institute said in a May 2023 survey that about 56% of Gen Zers own some investments, with about 55% owning crypto and 41% owning individual stocks.
Before diving into the crypto world, it's crucial to conduct thorough research and choose a reliable trading platform. One of the most popular and trusted platforms is Coinbase, a cryptocurrency exchange founded in 2012. Coinbase offers over 250 cryptocurrencies to U.S. customers and is available in over 100 countries.If you’re ready to join the crypto community, follow these steps to create and open a Coinbase account.To start, you will be asked which account level is the best fit for you.
You will then select the country of which you are a citizen, as well as more personal information like your date of birth, address, and the last four digits of your social security number. What will you use it for ?4. Connecting Your Payment Method To transfer payments, Coinbase uses Plaid's services to connect accounts. Plaid will text a verification code and then connect to your financial institution. Once connected, it will ask for the routing number and the account number.The final step is to enable the sending and receiving of crypto. This requires your driver's license, passport, or government-issued ID. After your financial institution has been verified and connected, you can buy your first crypto.
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