Here’s what Coinbase is and how to use it to buy and sell cryptocurrencies – CNBC

Here’s what Coinbase is and how to use it to buy and sell cryptocurrencies – CNBC

Todd Haselton | CNBC

Coinbase was the first major crypto business to go public in the U.S. when it began trading at $381 Wednesday morning on the Nasdaq, giving the cryptocurrency exchange an initial market cap of $99.6 billion on a fully diluted basis.

Maybe you’ve never heard of Coinbase. Or maybe you’re confused about what it even is. Here’s a quick explanation:

Coinbase is an app that lets you buy and sell all sorts of cryptocurrencies, like bitcoin, ethereum, litecoin and about 50 others. You can also use Coinbase to convert one cryptocurrency to another, or to send and receive cryptocurrency to and from other people. Like stock trading apps you may already be familiar with, Coinbase shows you the current price and trends for cryptocurrencies, a look at your portfolio of holdings, and news stories about the industry.

Here’s how to get started and how to buy and sell cryptocurrencies with Coinbase.

How to get started with Coinbase

Coinbase

Todd Haselton | CNBC

Coinbase is easy to set up but requires some information, including your legal name, home address, date of birth, last four digits of your Social Security number and how you plan to use Coinbase. That’s to comply with federal regulations. Here’s how to begin.