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What is the process of verifying your credit card on Coinbase for buying digital currencies?

avatarDaxit ThesiyaDec 30, 2021 · 3 years ago1 answers

Can you explain the step-by-step process of verifying your credit card on Coinbase in order to buy digital currencies? I'm new to Coinbase and want to make sure I understand the process correctly.

What is the process of verifying your credit card on Coinbase for buying digital currencies?

1 answers

  • avatarDec 30, 2021 · 3 years ago
    Verifying your credit card on Coinbase is a straightforward process. Here's what you need to do: 1. Log in to your Coinbase account. 2. Go to the 'Settings' tab and click on 'Payment Methods'. 3. Select 'Add a payment method' and choose 'Credit/Debit Card'. 4. Enter your credit card information, including the card number, expiration date, and CVV code. 5. Coinbase will initiate a small authorization charge on your credit card, typically less than $1. This charge will be refunded. 6. Check your credit card statement to find the exact amount of the charge. 7. Return to your Coinbase account and enter the precise amount of the charge to verify your card. Once you've completed these steps, your credit card will be successfully verified and you'll be able to purchase digital currencies on Coinbase.