Nowadays, businesses are looking for efficient and secure ways to manage their finances. As such, many of them are turning to cryptocurrency as a way to do business. One of the most popular platforms for doing business with cryptocurrencies is Coinbase. This platform allows businesses to easily buy, sell, store, and trade digital currencies like Bitcoin, Ethereum, and Litecoin.
In this article, we’ll cover how to open a Coinbase Business Account. When you set up a business account on Coinbase, you’ll be able to take advantage of its features and services, such as its merchant tools, customizable invoices, and ability to accept payments in multiple currencies.
Features Of Coinbase Business Account:
The features of a Coinbase Business Account include:
- Ability to accept payments in multiple currencies, including Bitcoin, Ethereum, and Litecoin.
- Access to advanced trading tools and analytics.
- Access to Coinbase Commerce, an e-commerce solution for businesses.
- Ability to issue invoices and manage payments.
- Business-level support and account management.
- Seamless integration with Coinbase’s suite of products and services.
- Compliance with industry-standard security protocols and practices.
Guide to Open a Coinbase Business Account?
The process of opening a Coinbase business account is quite different from the simple one period here in the below section of this article we are providing all the essential steps that are required to be completed for a Coinbase business account opening. So let’s get started
- First of all, you need to visit the official website that is coinbase.com
- Move your cursor to the top right of the home page and click on the get started tab
- A new window will appear on your screen asking you to enter your personal details
- At the bottom of the same page, you will see an option given as “ sign up for a business account”
- Within seconds a new screen will appear having a dialog box as:
- Enter all the details and agree to the conditions
- Hit on the “create account tab”
- An email will be sent to you for further verification
- Open the email and verify your email address
- Once you click on the verification tab, a new window will appear asking you to complete the Set up 2-step verification
- Here you need to enter your Business phone number
- Enter the mobile number and then hit on the “Continue tab”
- A 7-digit code will be sent to the entered mobile number
- Check the text messages and then enter the 7-digit code
- Click on the “Submit tab” and you will be redirected to a new page
- Now, you need to create your organization
- Enter the organization name
- Click on the “Save and continue” tab
- A new page will appear as:
- In the “Create your business profile” click on the “Start” tab
- A new screen will appear asking you to enter the details like:
- Basic information: Legal entity type, legal entity name, Other Trade Names or Doing Business As (DBA) Names (Optional)
- Place of Business Operations: Address in detail (street, city, country, etc)
- Incorporation information
- Select the type of business and then choose the product you are interested in
- Select the purpose of the account, your asset to details, and your monthly trading volume
- Select the Source of account funding
- Enter the application code
- Finally hit on the save tab
- Thereafter you need to provide information about your business by answering the 15 questions
- Once you answer all the questions you will be redirected to the new page asking you to upload all the required documents
- Upload the documents and hit on the submit tab
- Verify your business ownership by providing essential information and then provide details about your team members
- Once you complete all the requirements finally hit on the “submit application” tab
- Your application to open a Coinbase business account will be submitted and you will receive a confirmation email
- Follow the rest steps carefully and complete your application.
Opening the Coinbase business account is not too complex if you follow all the guidelines properly.
Conclusion:
Overall, opening a Coinbase business account is easy. With Coinbase, businesses can easily buy, sell, store, and trade cryptocurrencies, as well as accept and process payments from customers. To open a Coinbase business account, simply create a personal account, link it to a bank account, add a payment method, and set up an API key. With these steps, you’ll be ready to start using Coinbase right away.