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Coinbase Tutorial

Updated: Jun 9, 2022

Congrats on taking the first step to investing in the BOOMING cryptocurrency markets. So first make sure to join our top-rated Cryptocurrency course! Next, if you think you are too late to the game… think again! Cryptocurrencies account for under 1% of the world’s total money… as the crypto market cap grows, the value will too! So let’s start investing in cryptocurrency with Coinbase!

Coinbase is the world’s most popular way to buy and sell Bitcoin, Ethereum, and more. The reason I use Coinbase and I suggest it is that Coinbase offers FDIC insurance just like banks! If you are a United States resident, your Coinbase USD Wallet is covered by FDIC insurance, up to a maximum of $250,000.

Step #1 – Get a Crypto Wallet

Get a hardware wallet to store your cryptocurrency safely offline:

Step #2 – Create your Coinbase account

Get a FREE $10 in Bitcoin when you sign up via our partner Coinbase link:

Step #3 – Setup 2-Factor Authentication on Coinbase

Coinbase provides several options for generating 2FA or two-factor authentication verification codes.

Step #4 – Fund your Coinbase Account

Coinbase supports a variety of payment methods for customers to buy or deposit cash, including bank transfers, credit cards, debit cards, and bank wires. Each of these methods is detailed at:

Step #5 – Make Passive Income from your Crypto

Make passive income from your crypto in an interest-earning account (you can earn up to 8.6% interest)! Plus get up to $250 in Bitcoin by using our partner link to sign up:

Step #6 – Learn How to Earn Passive Income from Mining Bitcoin

Bitcoin miners use high-powered, specific computers and electricity to solve complicated math problems that verify transactions on the Bitcoin blockchain (i.e. distributed bank ledger).

This Bitcoin mining process is called "Proof of Work". This not only keeps the network secure, but also rewards Bitcoin miners with a predetermined amount of Bitcoin for operating a Bitcoin mining machine. This reward of newly minted Bitcoin on the blockchain is called a “block reward”.

On December 25, 2021 the price was $50,000 per Bitcoin. You could have bought 0.14 BTC for $7,000. Or you could have bought one Bitcoin Miner in a world-class mining facility and made an average of 0.012 BTC/month from mining for 36 months total for an estimated ~0.432 BTC or $21,600 (mining Bitcoin would have earned you TRIPLE what you would have made simply buying Bitcoin)!

Get more information on joining our Bitcoin mining facility to start earning passive income from mining Bitcoin:

Coinbase Learning Resources

Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and more. Check out their free learning resources below!

My Secret to Picking Winning Altcoins

A mentor of mine constantly reminds me, “You are the average of your 5 closest friends!” This couldn’t be truer when you look at your bank account… Are your friends helping you learn and grow and succeed financially? If not, do what I did in the early days… until I could someday meet and befriend my idols, immerse yourself in their content, read their books, pay for their newsletters, join their mastermind groups… the list goes on and on for how you can build your “dream team” of mentors.

Click the link below to see who my cryptocurrency mentors are and to take a peek at my actually crypto portfolio:

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Mike Anderson
Mike Anderson
Aug 29, 2023

The Coinbase tutorial offers clear instructions for newcomers on setting up an account, purchasing, selling, and overseeing cryptocurrencies using the Coinbase platform. It leads users through the process of account creation, payment method integration, exploring the range of cryptocurrencies, executing trades, and understanding fundamental security protocols. This tutorial provides valuable insights for beginners in the cryptocurrency space, much like the guidance offered in the article "How to Create a Crypto Wallet App: Guide to Cost-Effective Development."

Aug 29, 2023
Replying to

Thank you for your comment Mike! :-)

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