Coinbase Account Type

Coinbase offers a single type of brokerage account for trading stocks, known as a taxable brokerage account. This account allows users to buy and sell shares of Coinbase stock (ticker symbol: COIN) and other securities. Coinbase is primarily known as a cryptocurrency exchange, but it also enables users to invest in its own stock, providing a convenient platform for both crypto and stock trading. The account supports various investment options, including the ability to purchase fractional shares, making it accessible for investors with different budgets.

Coinbase Broker Account Opening Process

To open a Coinbase brokerage account, follow these steps:

• Choose a Brokerage: Select Coinbase as your preferred brokerage for trading COIN stock.
• Open Your Brokerage Account:
• Visit the Coinbase website and click on "Get Started."
• Provide your personal information, including your name, email address, and password.
• Verify Your Identity:
• Coinbase will require you to verify your identity by submitting a government-issued ID (such as a driver's license or passport).
• You may also need to provide additional information, such as your Social Security Number (SSN) and date of birth.
• Deposit Funds:
• Link your bank account to transfer funds into your Coinbase account.
• You can deposit as much cash as you wish to invest in COIN stock.
• Place Your Order:
• Once your account is funded, search for Coinbase stock (COIN) using the platform.
• Decide whether to place a market order or a limit order to buy shares.
• Track Your Investment:
• After purchasing, keep track of your investment through your Coinbase account dashboard.

By following these steps, you can successfully open a brokerage account with Coinbase and start trading COIN stock.