Module #3 - Making Your First Investment

Lesson 5 - Navigating the Rest of Coinbase

Now you own some Bitcoin; I am going to walk you through the other key sections of Coinbase that you need to be aware of.

I won't cover every part of Coinbase in this lesson, there are many advanced features available on Coinbase, but you don't need to know about all of them now and some of them I have never used. This lesson is to make you aware of some of the features that you may want to use right now.


Step 1: The Dashboard

Coinbase: dashboard

The dashboard is the home screen you see after you have logged into Coinbase. It has three main panels:

  • Price charts: this will default to Bitcoin and highlight the current price and how the price has moved in the period selected. My period has defaulted to the month; you can click on the text links in the top right to select the hour, day, week, month, year and all time. You can also switch between the charts for Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
  • Your portfolio: this highlights each of your wallets and how much Crypto you have in each.
  • Recent activity: this is a chronological list of things you have done in your account.

Step 2: Recurring Transactions

Coinbase offers an option to create Recurring Transactions. Some people use this as they want to create a regular time-based buy of Bitcoin (or other coins), to grow their portfolio.

To do this:

  • Go to the Tools page
  • Click on New Recurring Transaction
  • Complete the popup and select:
    • Whether it is a regular Buy BTCSell BTC or Send
    • The account you want to send it to in your Coinbase account
    • The payment method you wish to use
    • The amount you wish to buy
    • When you want this to start
    • The period you want the regular buy to be: hourly, daily, weekly etc...
    • How long you want the regular buy to be active for
    • Any notes you wish to add

You will need to confirm this with your Two-Factor Authentication code to confirm.

Coinbase: recurring transactions

Coinbase: new recurring transaction


Step 3: Preferences

Coinbase: preferences

Within the Settings page there is a Preferences section. Here you are able to:

  • Change your default Local Currency
  • Change your default Time Zone
  • Choose the Email Notifications you would like to receive

Step 4: More Security Options

Coinbase: security options

Also within the Settings page, you can put in place additional Security protection.

The one you should take a look at is when your verification code should be required. By default, it is set to the Most Secure which is for any amount. You can remove it or change it to a specific amount per day. I would not recommend changing this, but you should be aware it is there.

You can also see on this page any Third-Party Applications which you have authorised access to your account, Active Sessions for your account and Confirmed Devices which have access to your account.

If you download the mobile application and log in, this will be added to your Confirmed Devices.

Finally, there is an option to Close Your Account. If you ever choose to do this, then you must ensure that you have withdrawn all your funds before you do.


Module #3: Lesson 5 Summary

  1. Your dashboard is a summary of your account: it has prices and charts for all coins on Coinbase, a snapshot of your portfolio and any recent transactions
  2. You can create recurring transactions: for buying, selling and even sending Crypto Assets to other wallets
  3. You can manage your preferences: this includes your default currency, timezone and the email notifications you would like to receive
  4. There are advanced security options: this includes third party applications, active sections and confirmed devices
  5. You can close down your account: but you should transfer all your Crypto out of your account first

Now you are aware of the other important features in Coinbase, you can move to Module #3: Lesson 6 and learn about your account limits.