When you are using the coinbase or any other platform for the trade of the cryptocurrency you will need to connect your bank account. In this article, we are going to discuss the Coinbase and the bank account. Basically, we are going to discuss How To Verify Bank Account On Coinbase?
Whether you are buying or selling cryptocurrency on the coinbase you will need to connect your bank account with your binance account. By doing this you will be able to pay for or accept the payment of the cryptocurrency on the coinbase.
Coinbase is the currency exchange which is providing you to trade different currencies like bitcoin, litecoin, Ethereum, and other major altcoins. The payment option on the coinbase is good but the problem is that they charge very high transaction fees. If you are interested in trading the cryptocurrencies using the coinbase then you should go for it. As they provide you one of the safest ways to transact them.
How To Verify Bank Account On Coinbase?
When you connect your bank account with the coinbase account there is no need for you to worry about. There are different processes for different bank accounts in different countries; here we are going to discuss U.S. based banks. If you follow these steps then you are good to go:
- You have to log in your account and open the trading view at the pro.coinbase.com/trade.
- On the left side of the column under the Assets, you will find the option of the Deposit, select it.
- From there in the currency type menu, you have to select the USD as we are going to deposit using the U.S. bank account.
- Now you have to select the bank account tab and click on the link “ADD BANK”.
- Here you will be redirected to the coinbase account to complete the bank account verification process.
As you have completed these steps then you are ready to buy the cryptocurrencies that are available on the coinbase.
When you are doing the verification process it is obvious that the time will be taken to go through the process. And in the verification process, it gets even more essential to be double sure. So the process normally takes 3 days to verify your bank account.
Even after the verification, it can take 3 to 4 days to link your bank account to the coinbase account. Before that, you will not be able to buy or sell anything from the coinbase account.
If you think about the safety of the link you have to establish between the bank account and coinbase one then you should not be. This is because coinbase is one of the secure platforms which take security as one major point. Till now there has not been a single issue from the coinbase side has emerged.
If you were unaware of How To Verify Bank Account On Coinbase then now you are not. As we have discussed the steps required to do that and how much time you have to wait to go through the process.