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What is Coinbase and how does it work?

In a nutshell, Coinbase is a cryptocurrency exchange where you can buy popular coins like Bitcoin, Ethereum, and Litecoin. Not every coin is supported on Coinbase, but there are more than 90 different types of cryptocurrencies on the platform. Meanwhile, there are thousands of different cryptocurrencies available worldwide.

What is a bitcoin account?

Although the term is used widely by crypto-newbies, there is no such thing as a ‘Bitcoin account’ per-say. On the contrary, Bitcoin is a decentralized digital currency, meaning that you will not have an account with a third-party entity.

How do I open a coinbase account?

Opening a Coinbase account is easy. Here’s what Coinbase says you’ll need to create an account: Be at least 18 years old A government-issued photo ID, such as a driver’s license or state ID

How long does it take to sell a coin on Coinbase?

Keep in mind that when you buy using a bank account, the transaction typically takes 3 to 5 business days to complete, according to Coinbase. Selling on Coinbase is even easier. All you have to do is enter how much you want to sell (or select “sell all”). Then indicate which coin you want to sell and how you want to be paid.

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