![]() ![]() This unlocks the Level 1 account on the platform, and you will need to submit further verification (personal/business) to upgrade your account to levels 2 and 3. ![]() You’ll receive the verification mail and be asked to log in again, once you click on the verification mail.Ī safety risk notice will pop-up to ensure that your account is fully protected. When all of this is filled out, click Registration and complete the slide verification that will pop up on your screen. You’ll need your e-mail, a strong password (they require that your password has at least 8 letters/one number/one capital letter), and optionally a referral ID that gives bonuses to the person who linked you to Binance via his referral link. Most of the process with Binance is similar. A complete list of steps to do so can be found here. The account creation process is unique with Coinbase Pro as it is possible to create it by linking your already existing Coinbase account. The full list of details for individuals can be seen here and the list for businesses can be seen here. ![]() Next up, you will be asked to create an “Individual” or “Institutional” account, which will determine the rest of information that you will need to provide. Phone verification can be done by entering your phone number in the provided field and then entering a 7 digit SMS code that Coinbase Pro automated response bots will send to your number. This will also be required to gain full access to your Coinbase Pro account funding and trading options. It is always recommended to have a phone linked to enable 2FA. Next screen requires you to input a phone number for better security, and while you can choose to skip it for now, your account will stay in a limited state until you connect a phone number to it. You can read those, or if you are familiar with them already, simply proceed by clicking the I Accept button. Opening your e-mail and clicking the link saying Verify Email Address leads to the Coinbase Pro user terms screen. So with the initial greetings out of the way, let’s start digging deep to answer the question from the title of this article.įilling out the form data and clicking Create an Account will lead you to a confirmation screen, which will inform you that a verification e-mail has been sent to the address you submitted on sign-up. The scale of its influence on the cryptosphere can be seen every time a Binance listing instantly causes a massive boost in price of a coin. While much younger than Coinbase, many regard it as one of the best places to trade various altcoins. Meanwhile, Binance is an independent, Asian-based cryptocurrency exchange focused on supplying English/Chinese speaking markets. It is backed by some serious smart money in NYSE, Andersen Horowitz, Union Square Ventures etc. ![]() It’s an US-based and regulated exchange offering a number of trading pairs for the biggest cryptocurrencies online. One of the biggest dilemmas facing any investor looking to enter the cryptocurrency world is: “Which platform should I use to invest into my first coins?” These platforms are called exchanges and today we are going to take a look at two perhaps most popular ones out there, Coinbase Pro and Binance.Ĭoinbase Pro is an online trading platform extension of Coinbase, probably the most famous place to buy Bitcoin and Ethereum online. ![]()
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