Step 1.a: Setting up a Coinbase account
We have created a series of process walkthroughs providing instructions on how to participate in the HelloGold Foundation Token Sale. This post covers Step 1 in the process, ie:
- Setting up an Exchange account to change fiat into crypto
- Buying ETH from an Exchange
- Setting up an address on a wallet that supports participating in Token Sales
- Transferring ETH from an Exchange to a wallet
- Completing HelloGold Token Sale Registration
- Sending ETH to the Token Sale address
There are other Exchanges you may use in the crypto space. This walkthrough focuses on using Coinbase.
To use Coinhako, you can refer to: Step 1.b: Setting up a Coinhako account.
For the full list of walkthroughs, click here.
Setting up an Exchange account to change fiat into crypto
Go to https://www.coinbase.com/ and click “Signup” at the top right-hand corner of the page.
Once you’ve reviewed all the terms:
- Fill in your personal details
- Click “Create Account”
You will be directed to a confirmation page upon submission.
A verification link is sent via email.
Navigate to the email address specified in the initial step and click “Verify Email Address”.
Note: Check your junk folder if you do not receive any emails from Coinbase.
Set up your account.
Begin by selecting your account type. For the purpose of participating in HelloGold Foundation’s Token Sale, select “Individual”.
Enter local phone number.
This is required for:
- Logins (2-Step Verification)
Select payment method.
Connect your bank account, debit card, or credit card to purchase and sell digital currency with local currency.
Personal identification is required before any payment method can be selected.
Coinbase will redirect you to this page, where three modes of identity verification are allowed:
- Driver’s License
- Photo ID
Select the preferred method of uploading identification documents.
Should you choose the mobile camera upload method, a link leading to the following screenshot would be sent to the phone number specified earlier via message.
Once your documents are uploaded, you will be directed to the following upload page.
You may now enter the details of your preferred payment method.
Two charges will be made to the bank account under “Pending Transactions”.
You are required to determine the last two digits of these charges.
These charges can be found from online bank statements (iBanking).
Enter the last 2 digits of each charge, and click “Verify Charge Numbers”.
And you’re done!
You are now able to buy and sell BTC or ETH from Coinbase! The steps to buy ETH are covered in the next article — Step 2: Buying ETH from Coinbase.