How To Setup Coinbase In 12 Minutes

There are two apps I recommend you choose from. They're both really easy to use and both take minimal effort to set up. Don't let the number of screenshots/steps fool you. I put so many simply to be as detailed as I could. Anyway, let's start with the from the company that trades on the NYSE: Coinbase.

Step 1

To use the world's most legitimate digital currency exchange—Coinbase—you can either download the Coinbase App onto your smart phone, or go to https://www.coinbase.com . The process shown below is for using the app, but the steps on a PC are pretty much the same.

Once you download the app, you'll need to register an account and then verify your email address. Screenshot below.


Step 2

Open your email and you’ll see an email from Coinbase. Go ahead and verify it by clicking the verify email address button. Screenshot below.


Step 3

Next you’ll need to provide them with a phone number, and then you’ll be asked to verify your phone number (they send you a text with a code). Screenshots below.


Step 4

Now you’ll have to verify your identity. They’ll ask you for some basic information. Some people get nervous here but it’s the places that DON’T ask you to verify this kind of stuff that you have to worry about. Coinbase is registered as a Money Services Business with FinCEN. FinCEN is part of the government, and Coinbase therefore is heavily regulated, safe, and secure. Screenshots of the info required below.

Step 5

Congrats! Your account is created. Now we need to get you some cryptocurrency. To do so, click get started on the screen you now see. Screenshot below.


Step 6

To buy cryptocurrency, you need money. They’ll ask you to add a funding source, and you’ll click add. below.


Step 7

After you click add, it’ll say you don’t have any linked accounts. You’ll need to add one by clicking on go to settings. Screenshot below.


Step 8

Click on the add button to add a funding source, and then choose what source you’d like. Debit card is the easiest so that’s what we chose. Screenshots below.


Step 9

After clicking on debit card, you’ll need to enter your debit card’s information and then click continue. Screenshot below.


Step 10

Now you’ll need to verify your debit card. The way you’ll do this is by telling them the amounts of two small pending transactions (which they will reverse so they don’t actually go through or cost you money). Screenshot below.


Step 11

After you log into your bank account and get the amounts of the pending transactions so you can enter them into Coinbase, you can click verify card, then click done. Here’s what you’ll see.


Step 12

Now you can click the home button, then click Bitcoin. Here’s what you should see:


Step 13

If you click buy, it’ll almost seem like you can buy cryptocurrency. But, if you notice, it says your buy limit is $0. IScreenshot below.


Step 14

What you need to do is get out of this screen by clicking the X in the top left, and then click on settings in the bottom right. Here’s what you should then see:


Step 15

See how receiving and sending digital currency is still disabled? That’s what we need to fix. To do so, you’ll click enable send and receive. The last thing they need is for you to scan a copy of your driver’s license. Screenshots below.


Step 16

After you do this and click continue, it’ll say they’re going to verify your ID to make sure it matches the information you gave them earlier. About 15 minutes later, you should receive a confirmation email. Once you do, you can now finally buy some cryptocurrency! Go to step 17 to find out how.


Step 17

Click the home button on the app, then click Bitcoin, then click buy. Enter the USD amount of Bitcoin you want to buy. Here’s what you should see:


Step 18

Click the preview buy button and you’ll be sent to the final screen where you can confirm your transaction by clicking buy now. See the screenshot below.


Step 19

After you click buy now, you’ll see a confirmation. The next step takes patience since you’ll need to wait a few days until the Bitcoin is available for withdrawl/sending in your account. Once it is, all you need to do is send it. To do so, click accounts, then click BTC Wallet and enter the USD amount of Bitcoin you’d like to send. Here’s what you’ll see:


Step 20

Finally, here's the part where you actually get the address to which you can send the Bitcoin. To get that address, all you need to do is go to the page with the product/service you want and click the "Pay With BTCPAY" button. Here's what you'll see:

Once you enter your email and click the continue button, you'll be shown the address in QR code form; you can also choose to copy the actual address as text, whatever you feel more comfortable with. Send it to the address/QR code and...voila! You're done! You'll then be redirected to a confirmation page and will receive an email with your downlaod link(s) and/or any next steps to the email address you provided.

If you have questions/trouble at all, please feel free to click the "Leave A Message" button at the bottom right of the screen here on this page to contact me with your question.




How To Setup Strike In 8 Minutes

The other app you can use to pay with cryptocurrency, called Strike, is an app made by the company that the NFL partnered with to allow NFL players to get their salaries paid in cryptocurrency instead of regular money if they so choose. It's also the same one which Twitter recently partnered with.

The really cool thing about this app is that it actually doesn't require you to use cryptocurrency at all. It works just like PayPal, Venmo, Cashapp, etc, even easier actually!

Anyway, here's how to set it up:

Download The App

Click here to go to the Strike app homepage, click on the download button, and that will take display the links to download Strike from the iTunes App store or Google Play store. Easy.

Step 1a

Now that you’ve downloaded the app, this is what you should see:


So like it says, click the get started button!

Step 1b

It’ll ask for your email address. Put it in. (Note: if you use some random junk email though, it might wind up forcing you to jump through extra hoops to verify. This app is big on security, for their and your benefit.)


Step 2

Strike will send a confirmation code to your email so they know you gave a real email address that you control. Go into your email, get the code, and enter it in.


Step 3

Next it asks you to create a username. Go ahead and pick one, but don’t fret too much since you can always change it in the future if you want.


Step 4

After that we get to the real stuff: your name. Strike, just like all other money-transfer apps, have to comply with AML (Anti-Money Laundering) and KYC (Know Your Customer) rules as set up by governmental regulations from FINCEN. Strike takes this stuff seriously because they’re the real deal, which is part of why the NFL trusted them out of all other companies to work with.


Note: it’s not uncommon at this step for Strike to ask for your address, and/or social security number. This only happens if they can’t verify your identity with just name and email and need to use their third party identity verification service provider because of the very strict laws that exist (created by FINCEN) for money transfer apps. I’m saying all this because it can sometimes be alarming to some people when companies ask for such private information, but here, it’s the professional (and legal) standard to do so. No need to be alarmed 👍

Step 5

Next is your phone number. Go ahead and enter that.


Step 6

Strike sends a confirmation number via text to your phone, so once you get that, all you need to do is enter it as seen below.


Step 7

Ok, now we’re getting some where! This is what you should see next.


Now you can actually click on the pay button. Don’t worry though, you can’t actually send money yet. Clicking pay will take you to the step where you can actually deposit money into the Strike app that you can actually send.

Note: if Strike still wasn’t able to verify your identity yet, it’s not uncommon at this step for them to ask you to upload your drivers license before allowing you to link a financial account with the app. This is another FINCEN safeguard to make sure scammers can’t use their platform. It’s a pain, but at least it means they’re being safe.


Step 8

You can choose from bank transfer, or debit card; no fee for either (take that, PayPal!). For these instructions, we chose bank account.


Step 9

This is one of the really cool things about Strike. They use Plaid to link your bank. This is cool because not only is Plaid like the number one choice many companies use when it comes to having customers link bank accounts, but it also means Strike never needs to know any of your banking details. They all go through Plaid in a safe, secure, encrypted fashion. Strike won’t have access to your banking info.


Step 10

You’ll pick a bank, you’ll login via Plaid, and you’ll have to verify a confirmation code again for security purposes. I’m big on security so I appreciated this.


Step 11

After you input your code, you’ll see your accounts. Pick the account from which you want to deposit money into the Strike app.


Step 12

Now you can finally deposit money from that bank account into the Strike app. Just enter how much you want to deposit.


Step 13

Confirm said deposit by hitting confirm.


Step 14

Strike lets you know all is well, and they’re processing it.


Step 15

After your deposit is processed, you’ll be able to send money. This part is really cool now because you don’t need to enter any information about the sender. You literally just need to scan what’s called a QR code. Scanning a QR codes ensure you don’t accidentally send to the wrong person or something.

How do you scan a QR code? Just hold your phone camera up to the QR code you wish to send to. Where you find a QR code for the product/service you want to purchase?

All you need to do is go to the page with the product/service you want and click the "Pay With BTCPAY" button. But wait, Dr.36, that’s for BTCPay, I’m using Strike.

Yea, that’s the magic part! Once you hit the button, you’ll see a QR code pop-up on the screen in front of you. When you scan it, you’ll see it’s compatible with Strike. Strike works seamlessly with cryptocurrency QR codes or fiat QR codes. That means you can send us cash in Strike, and we get it on our end as cryptocurrency. It’s brilliant! Anyway, once you hit the "Pay With BTCPAY" button, here's what you'll see:

Once you enter your email and click the continue button, you'll be shown the address in QR code form; you can also choose to copy the actual address as text, whatever you feel more comfortable with. Send it to the address/QR code and...voila! You're done! You'll then be redirected to a confirmation page and will receive an email with your downlaod link(s) and/or any next steps to the email address you provided.

If you have questions/trouble at all, please feel free to click the "Leave A Message" button at the bottom right of the screen here on this page to contact me with your question.


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