How to set up and fund your Coinbase account

Coinbase is both a fiat and cryptocurrency exchange based in USA. You can use it to move funds from your bank account or debit card to Coinbase, and also purchase cryptocurrency with your fiat deposits.

Once your funds are in Coinbase you can use them for spot trading, send them to another exchange, or use them to fund your FinRev account.

The following guide will walk you through the steps to set up & fund your Coinbase account.

1. At www.coinbase.com, click on one of the blue 'Sign Up' buttons

2. Choose your account type. Most people will need to choose 'Individual' to start

3. Fill out your information and click on 'create free account'

4. Verify your identity by following the prompts and filling out the relevant information

5. Verify your email address

6. Click on the blue button to 'Add a Payment Method'

Note - For larger fund amounts, adding your bank account is recommended as fees could be higher when using your debit card.

7. When selecting 'Bank Account' you will be connecting using Plaid

8. Select your financial institution

9. Continue through the process to connect your bank account to Coinbase by entering your credentials.  Select which account you would like to use for Coinbase if you have more than one account

10. Verify your identity using text or email. Coinbase might deposit a few micro-deposits into your bank account that you will have to verify as well. 

Note - It may take a few minutes to verify your account. You will get an email to let you know your bank account has been added to a Coinbase account

11. Once your Coinbase account is connected to your bank account, you will want to buy some USDT or USDC.  Click on the blue 'Buy & Sell button' and select the 'Buy' tab in the window.

12. Enter the amount of USDT you wish to buy

    
    
13. Enter your payment method

14. Click 'Preview Buy'

15. Review the Order Preview and Click 'Buy now' 

16. Click 'Done'

Note - Coinbase often place restrictions on trading or transferring your cryptocurrency for a number of days as a security measure. You will receive an email letting you know your USDT or USDC is available for trading on Coinbase.

To find out the date you are able withdraw funds from Coinbase, go to:  

• help.coinbase.com and click on the blue circle on the bottom right.
• When the chat pops up, answer Yes
• They will give you the date and time you will be able to withdraw/transfer/send funds out of Coinbase.

If you already have funds in Coinbase in USD, you can buy USDT or USDC in preparation for sending to your exchange.

Click on Buy/Sell button on the top right and fill out as in this example:

Transferring Your USDT or USDC To Your FinRev Account

1. When your funds are available to send, Click on the 'Send & Receive' button on the Coinbase website after logging in

   
   

2. Enter the amount of funds you wish to send

   
   

3. Enter the crypto wallet address (found on your exchange when you click on the Deposit button and enter USDT or USDC)

   
   

4. Click 'continue'

   
   

Note - The network MUST be the same on both Coinbase and your exchange. Coinbase will give you an error message if the deposit address is on another network.

4. Click 'continue'

If you are experiencing difficulties with the steps outlined above, you can contact us at: [email protected]