Coinbase - virtual number verification process | Onlinesim

Coinbase is a viral American cryptocurrency exchange that operates online. The company allows customers to buy and sell cryptocurrency, transfer funds, perform conversions, and mining if paying little money.

Coinbase is best known for its status as the first public cryptocurrency community. Today, the exchange dominates the market, continuing to develop in an increasingly active way.

Features and functions of Coinbase crypto-platform

Coinbase emerged as a San Francisco startup in 2012. A crypto boom hit Coinbase in 2013 and 2017, and the decline of the exchange occurred twice between 2018 and 2020. The platform has become the most user-friendly on the market, breaking into the leaders and offering access to 142 different crypto-assets.

The main characteristics of services:

• Investing. The safest and most promising option for earning in the cryptocurrency world. Considering the rise in digital money's price and fluctuations, the rate still tends to rise. The method's essence can be traced to the purchase and storage of currency, which increases in price, thereby increasing the amount of capital. Investments can be long-term or short-term. The user can make excellent profits, but long-term investments are full of higher risks.
• Trading and short-term trading. Short-term investments aim to profit from price movements over a day to a few days. Trading allows you to make excellent money profits, but there is a risk of losses as well. A trader must perfectly understand the stock Coinbase exchange fees algorithm, know how to use analytical instruments, and make forecasts. Earnings from trading are possible only if a competent and responsible approach is followed.
• Margin trading. Make money on Coinbase. This type of trading implies trading based on leverage. It turns out that a trader gets the right to operate with more significant money sums, significantly increasing the profitability of operations. If everything is successful, the interest will be compensated.

Any cryptocurrency exchange and day trading Coinbase can become profitable for the user if you carry out thorough work and a responsible approach.

User registration through a personal number. Possible risks

Complete work with Coinbase registration is available only to users from certain countries, constantly changing. The list of countries is limited to buying and selling cryptocurrencies, plus it is necessary to pass the mandatory verification. However, this restriction can be bypassed, and a Coinbase account can be created thanks to a virtual phone number.

Why shouldn't you use a personal phone number on Coinbase? First of all, not all countries support this exchange. Secondly, any personal information can become available to intruders while the Coinbase account registration you made on open connection.

Using a virtual number from OnlineSim to Coinbase register and verification

OnlineSIM boasts more than 10,000 virtual directories from more than 30 locations worldwide. It also works with more than 500 mobile operators from different countries. You can choose a phone number according to your location. Also, free virtual numbers to receive SMS are provided for introductory purposes.

Now let's look at what you need to do to verify with Coinbase:

1. Register your OnlineSim account and go to the payments section. You will see suggested ways to SMS refill your account, where you need to choose the most convenient.
2. Choose a virtual number and country on the main page, selecting Coinbase service location.
3. You now need to enter the number you bought on the Coinbase website and send an SMS notification. Get verification code online. A notification message with a verification code will appear in your OnlineSim personal cabinet. Copy and paste SMS into Coinbase in the appropriate field.

The verification SMS are delivered to OnlineSim's numbers at knots. You will not get frustrated waiting. It is a user-friendly service, and the signup will take several easy steps only. OnlineSim offers short-term directories and long-term directories. The first type provides receiving SMS from one website or app and costs $0,02 per website or app. The rent time lasts 40 minutes. Rentable directories are meant for getting messages from any website or app. The rent time is unlimited and starts from 1 day, and the prices start from $10 per day.