At Coinbase, our mission is to create an open financial system for the world. One of the ways we will achieve this is by helping connect as many participants in the cryptoeconomy as possible.

Connecting the cryptoeconomy will enable our customers to do more with their crypto, whether it be sending, borrowing, earning, or spending. With Coinbase Commerce, we’re building the most trusted and secure way for merchants anywhere in the world to accept cryptocurrency payments, and in turn enabling more ways for customers to spend their crypto.

Starting today, all Coinbase Commerce customers can easily connect their Coinbase.com Login accounts to sell their crypto for a more stable store of value. Many customers have been requesting a faster way to convert their crypto payments, and until today, Commerce merchants needed to transfer their crypto to an exchange prior to selling their crypto for cash or stablecoins. Now merchants can easily convert their crypto payments into USD, EUR, GBP, or USD Coin (our US Dollar-backed stablecoin) without leaving the Commerce product.

Getting started is simple. First, merchants can connect their Coinbase.com accounts to their Commerce accounts. For merchants who predominantly use Coinbase Prime or Coinbase Pro accounts, those connections are coming soon.

Second, when merchants are ready to withdraw their crypto, they’ll be able to choose their settlement currency and convert their funds for a 1% fee. The proceeds will arrive in their accounts shortly thereafter.

This year we also released custom branding for all merchants, easier refund support, DAI support, and Spanish-language support. Accepting crypto payments with Coinbase Commerce has never been easier. 

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:
  1. Setting up an Exchange account to change fiat into crypto

  2. Buying ETH from an Exchange

  3. Setting up an address on a wallet that supports participating in Token Sales

  4. Transferring ETH from an Exchange to a wallet

  5. Completing HelloGold Token Sale Registration

  6. Sending ETH to the Token Sale address

There are other Exchanges you may use in the crypto space. This walkthrough focuses on using Coinbase.

Setting up an Exchange account to change fiat into crypto

Step 1:

Go to https://www.coinbase.com/ for Coinbase.com Login or signup and click “Signup” at the top right-hand corner of the page.

Please carefully review the terms of the User Agreement and Privacy Policy.

Once you’ve reviewed all the terms:

  1. Fill in your personal details

  2. Check the “I agree to the User Agreement and Privacy Policy”,

  3. Click “Create Account”

You will be directed to a confirmation page upon submission.

Step 2:

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.

Step 3:

Set up your account.

Begin by selecting your account type. For the purpose of participating in HelloGold Foundation’s Token Sale, select “Individual”.

Step 4:

Enter local phone number.

This is required for:

  • Logins (2-Step Verification)

  • Transactions

Step 5:

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.com Login will redirect you to this page, where three modes of identity verification are allowed:

  • Passport

  • 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!