Hello today I will be talking about an opportunity to learn something I truly think will be important later in life and make a little money to. I’m talking about opening an account on www.coinbase.com. The verification can take a little time to complete. I really feel that the coinbase wallet is a good starter wallet for the newbie to Bitcoin. If you were like me you didn’t understand what cryptocurrency was. I was down on my luck and trying to figure out a way to make a couple dollars. My mindset is $1 made today is $1 you didn’t have yesterday. I just try to get as many dollar bills in a day that I can. Those of you who won’t get out of bed for less than a hundred u might wanna look elsewhere. I’d suggest maybe the Wall Street Journal would give you more satisfaction than this article.

    You must use your email address to open an account. Once you verify said email. You'll have to verify your phone number. Once your done with all that you will be able to add a bank account. Now if you don’t intend to really do any major crypto training I suggest just adding a debit card. You can later add your bank account if the $100 a week deposit using the debit card is not enough. With a bank account connected to your account I believe you can buy up to $25,000 in cryptocurrencies. Unfortunately coinbase uses the plaid system to add bank accounts. I like the instant access that comes with the plaid system but I despise the constant asking if I wanna save the username and password to plaid instead of seeing it as adding a bank that you probably already have saved under the bank name. I just see it as content filler I’m gonna have to go in and manly remove when I’m tired of going through all those extra passwords to get to Western Union or Zelle.

    I’d like to add that even though you can add a credit card to your account I would recommend not doing it. I’m not sure the monetary limit I just hate the thought of big business screwing the little guy into paying more money for his cryptocurrency. I can see it if you ain’t got the money in the bank and you need to send money to a loved one or family member overseas which don’t work out with the crazy strings they have attached to sending money(more on that later). Anyway the credit card bank is gonna charge you interest on the amount you spend. Certain cryptos come with already set interest rates on certain crypto currencies. But a cryptocurrency can be a very volatile stock on the stock exchange. So unless the stock market goes up on the crypto your buying using a credit card may not be worth the extra interest you'll be charged.

  If you want a safe investment I recommend a stablecoin. A stablecoin would be like the US dollar or silver on the stock market. It’s a great cryptocoin to have had at like the beginning of all this covid-19 mess. If you remember the stock market and crypto took a nose dive. That would’ve been the best time to have owned a stablecoin because it wouldn’t have fallen as much as Bitcoin did.

    On a personal note I have only been doing research and the learning process on Bitcoin I am not a financial advisor or even a college graduate. I think Ethereum is a stablecoin but I could definitely be wrong. I know what a stablecoin does but I can’t for sure give you an example of it. i’m always learning, some of the stuff 2 or 3 times before I finally understand it. If I come to discover I made a mistake I will immediately update my page so if you come back the wrong statements will be corrected. Anyway I give out no finacial advise I’m the last person to tell someone how to spend their money. I’m trying to give ideas on how to add to it.

    After you have connected your bank its time for the fun part of the verification. This is always my favorite part. I had a coinbase account opened for over a year yet I still didn’t have a cell phone with a good enough quality camera to take a picture that would pass verification. Now I was using what is refered to as the Obama smartphone or the cheapest model they got phone. So it took me until I finally upgraded to above the cheapest phone at the store. Just so I don’t hear about it in the comment section later I wouldn’t use a flip phone. Yes I’ve seen commercials on TV and just like a vampire scouring the great white north for the Winter Solitice  flip phones will not die. To each his own I guess but I recommend borrowing one of the kid’s phones for this section though so you have a much greater chance to actually get verified.

    Please note that once the ID section has been accomplished you must give a selfie. You only want half your face in the picture frame. Don't feel bad if it takes you a couple tried just keep at it you'll get it.

  Once the selfie is verified you are ready to start earning crypto. Yayyyyy!!!!!! Simply scroll down until you see  after the watchlist on the website or start earning if your on the app.

   To earn Cryptocurrency rewards you will need to watch a series of videos and answer questions on what you just saw. All in all I believe I made $40 to $50 USD just watching videos and answering questions about the videos. 

   If you would like a link to setup a wallet you can use mine. We will both receive $10 USD once we use the account to buy, sell, or trade $100 USD. https://www.coinbase.com/join/troyer_am . After you take the quizzes on stellar lumens you can earn an extra $10 USD when you refer your friends.

   Here is I believe the biggest drawback when you have money add money to coinbase. Once you add money to coinbase you have to wait 6 days before you can send it to a friend. Let's say your daughter in college needs some emergency funds and is also a member of coinbase. Your still better off using Western Union or Zelle rather than depositing money into coinbase no matter how you have your bank connected to coinbase. 

   This is the reason I say coinbase makes a good investment wallet for the newbie. With the 6 day wait it is not something you'd want to use for business or something that if you change your mind and need that money back. 

   Coinbase does allow you to change your cryptocurrencies to any other cryptocurrency easily. Let's say you want to help a friend from a different country. He only knows bitcoin but you have all different types like dash, compound, maker, and graph. Coinbase will allow you to turn your different cryptocurrencies to bitcoin ( or any other cryptocurrency) to send to your friend.  

   I think coinbase adds new cryptocurrency rewards each month. I could be wrong about this. I know that after I first created my account about after a month a new cryptocurrency popped up that a few dollars more on.

   This is the end of my first blog entry. I hope you learned something. If you do not have coinbase yet I hope you will take a few hours and try it out. You can learn something and make a little money as well.