Launch Advanced Cryptocurrency Exchange Like Coinbase

Coinbase platform requires users to link a bank account, or credit/debit card to their Coinbase account to buy cryptocurrencies. Using a bank account, it allows for higher limits say, $100/transaction or $2,500/week, but it also takes longer to verify transactions done by the users. The thing is, the user will not see money in his Coinbase wallet for two to four business days (depending on the bank). When selling Bitcoin, once the sale is confirmed, it takes two to four days fto proceed that sale to show up in their bank account. With a credit or debit card, limits are less (like, $200/week). But he can purchase digital currencies by simply transferring funds from that bank account to the exchange site. For these transactions, Bitcoin shows up in the Coinbase wallet instantaneously. Users have an option sell Bitcoin to the PayPal account, effectively cashing out, as their Bitcoin will be exchanged for local currency. This transaction is instantaneous.

By following steps, users will be able to buy cryptocurrency via Coinbase: To sign up, Email address and password is required from the user end. Confirmation to activate the account from the user will be send to his respected email address and will be redirected to the landing page. After that, phone number verification will be done.

As Coinbase allows both bank transfer and credit card for payment methods. For bank transfers, this exchange platform will set up one or two small transactions to and from the user account for verification. Whereas for credit cards, screenshot of the card is necessary.

Once the user has the sufficient funds in his account, he can buy the cryptocurrency. Before confirming the transaction, Coinbase exchange platform will provide the users about service fee and the amount being purchased in the transaction. Once confirmed, the amount of cryptocurrency is purchased, it will be credited to the wallet.