Coinbase is an Exchange platform, which allows you to exchange FIAT money (Euros, Dollars, …) for cryptocurrencies, and at the same time it is a Wallet where you can keep your cryptocurrencies
To operate on the Kuailian platform, it is necessary to have Ethereum (ETH) cryptocurrencies. This cryptocurrency, at the moment, cannot be purchased directly at Kuailian.
In order to convert “real” money into cryptocurrency it is necessary to register on an Exchange platform such as Coinbase, which allows you to convert Euros to Ethereums.
In addition, you can also use Coinbase as an E-Wallet, that is, as a wallet to which Kuailian will send your earnings.
How to register in Coinbase
If you access Coinbase with a promotional code, when you buy your first $ 100 of any cryptocurrency, both you and I will receive $ 10 in gift Bitcoins.
When you click on the link, you must fill in the registration form.
After filling in the basic information (Name and Surname, email and password) you will receive an email to verify it. It is advisable to use a password that you have never used before.
Once you have verified the email, by clicking on the corresponding link, you will have to inform your mobile phone to enable a 2 steps verification for your future activity (for example, making transfers). When you enter it, you will receive an SMS with a code that you have to enter in order to continue with the registration process.
Next, they will ask you some more information and a copy of your ID card (which you can photograph directly).
Finally, they will ask you to associate a payment method, which can be PayPal, bank account or Credit Card. The cheapest method is the bank account, since they do not charge commissions, although it will take longer to have the money (which takes the transfer from your bank to arrive).
If you choose a bank account, you will be asked for the name of the entity, the IBAN of your account and the SWFIT.
To verify the bank account it is necessary that you send a small amount. They will indicate the data for you to make this transfer.
When this transfer arrives (usually takes between 24 and 48h), the account is verified and you can now operate.
You may be asked for further identity confirmations to ensure your security.
Coinbase is available in app version.
Coinbase also offers physical payment cards (such as bank credit or debit cards) to withdraw money from ATMs or pay with them in physical stores.They convert Ethereums to Euros at the time of the transaction, but they usually charge significant commissions, unlike bank account transfers.
Purchase of ETH’s in Coinbase
The purchase of cryptocurrencies is very simple, you just need to have balance in your EUROS wallet (or any other wallet) in your Coinbase account.
To buy ETH’s you have to press the Operate button and select the Buy option.
Mark the cryptocurrency option you want to buy (in this case ETH) and the amount (in ETH or EUR).
The ETH wallet address
In addition to buying cryptocurrency, you can also use Coinbase as a Walletto keep your cryptocurrencies.
To know the address of your ETH wallet in Coinbase (which can be the one you indicate in Kuailian to receive your income) you must follow the following steps:
First select the Wallet option:
You will see a list of all the cryptocurrencies Coinbase works with and your associated balance (which at first will be all 0 except Ethereum, which will have the balance you have previously changed and Bitcoins, in which you will have the gift voucher equivalent to approximately € 10 for having bought more than € 100 in any cryptocurrency).
Click on the Ethereum cryptocurrency to access the detail of your Wallet in Ethereums (each cryptocurrency has its own independent Wallet):
On the detail screen you will see two buttons: Send and Receive.
Since you want to know the address to Receive Ethereums from Kuailian, click on Receive:
You will see a warning screen informing that in this wallet you can only receive transfers in Ethereums and after accepting the message, you will see the address of the wallet.
A QR code and an alphanumeric code appear on the screen.Both information are identical.
Copy the alphanumeric code to the clipboard and paste it in the field corresponding to the address of the Ethereum Wallet on the Kuailian registration form.
You can also see this explanation in this video tutorial.
If at any time you want to use an Ethereum Wallet different from Coinbase to receive your returns, you can change it in the Kuailian configuration options.