The Home-Buyers Guide to AC Systems – Part 3 of 3

Homeowners your hands one of the most important documents you can possess before you purchase a home! What every homeowner or potential homeowner absolutely needs to know and understand is this, you as a homeowner have ALL the responsibility to make sure your new home is going to function and be an energy efficient home.This document is written for the homeowner to understand the city inspections. This article is not referring to the third party inspection completed by a licensed Professional Home Inspector.If you are concerned about the energy efficiency for your new home the single most important item that impacts energy usage and monthly energy bills is the size of the home. The energy cost to operate your home is directly related to the size, shape and volume of your home. Home builders today are not supplying potential home buyers with two critical pieces of information you need to understand the energy efficiency of a particular home or if you are comparing the homes from two different home builders.When an engineer designs and sizes the AC equipment for a building large or small he uses a load calculation method to determine how much heating and air conditioning capacity is needed to serve the new building. The same approach and method is supposed to be used today in new homes built in Texas. The home builders in Texas have been building homes in Texas since 2001 that will not meet the required energy code standard and design guides. The load calculation step is the very beginning and most important step in building a home for energy efficiency but is not being performed by builders today. This is simply because most builders do not pay attention, understand the energy code or understand load calculations.The other problem or issue is that most homeowners have never heard about it and do not care as well. Most homeowners believe that someone else is taking care of this for them. As I stated earlier in this guide this is simply not true or being done.Homeowners Have To Take ResponsibilityHow do homeowners know that one home is more efficient than another? The method used to
understand the efficiency of a home in regards to the heating and air conditioning systems is based on a unit of energy known as a “British Thermal Unit” (BTU). I am not going to get real technical here but I will give you the homeowner the information you need to go home shopping with and it is really very simple.Three Efficiencies Regarding Home Building1. Thermal Efficiency- Determined by the home construction methods and materials
used to build the home. It is the most important efficiency in home building.2. Energy Efficiency – Measured and calculated by the conversion of energy input
(KW/BTU) into useful work output cooling/heating BTUH.3. Overall Efficiency – Is the combination of both efficiencies above. Thermal Efficiency
has a huge impact on the Energy Efficiency rating and therefore will impact the
overall efficiency of the home.As a homeowner this is what you need to know. The amount of energy required to heat and cool your home is directly related to the amount of heat gain your home experiences when it is warm outside and how much heat loss your home experiences when it is cold outside. This heat gain and heat loss is measured in BTUS. The amount of heat gain and heat loss is measured and defined on an hourly basis so the measurement is in BTUH. This stands for British Thermal Units per Hour. The higher the thermal efficiency of the home the lower the energy use is. As a homeowner you will receive a better return on investment for each dollar you spend to make your new home more thermally efficient than to build a very poor thermally efficient home and try to make up the overall efficiency with very expensive high end heating and air conditioning equipment. This approach simply does not work over the life of the home.As a homeowner you have another measurement or consideration to think about and that is the “Return on Investment” (ROI) for your money. If you to take short cuts on the home construction side and purchase very expensive high end AC equipment to make up you may cost your self a lot more money over the life of with expensive repair bills. The cost to repair the high end AC systems is very expensive.Below is a simple but real example.
- 14 SEER AC System – Replace a failed indoor fan motor. Cost= $250.00
- 20 SEER AC System – Replace a failed indoor fan motor. Cost= $1200.00The newer systems are very complicated with a lot of electronic components that are very susceptible to power problems and lightning strikes during storms. As a homeowner you need to consider this when building a new home with the least cost to maintain and operate. Homeowners need to spend their money making their home more thermally efficient and use AC system(s) rated at 14-15 SEER instead of 20 SEER systems.The Questions a Homeowner Needs to Ask a Home Builder- Mr. Home builder what is the heat gain for this home on July 15th at 3:00 PM in the afternoon?After he regains his thoughts he will probably reply with; what do you mean? This will give you a real clue here. He does not know anything about the thermal efficiency for the homes he is building!”You might want to consider a new home builder at this point!”- Mr. Home builder what is the heat loss for this home on January 15th at 3:00 AM in the morning?These are the questions that any potential home buyer should ask if they are concerned about energy efficiency and the monthly energy bill for their home. If you are a homeowner who operates on a monthly budget then energy efficiency is very important for your new home. Let us use the example below to demonstrate how the real energy efficiency of two homes should be compared.- Home A- single story with 2500 square feet of air conditioned living area, all electric home, all energy star rated appliances, and all the lighting fixtures are compact fluorescent and the high efficiency type. The home has a 5 ton 14 SEER rated AC system.- The heat gain for the home in July is 49,500 Btuh.
- The heat loss for the home in January is 72,000Btuh.- Home B- single story with 2700 square feet of air conditioned living area, all electric home, all energy star rated appliances, and all the lighting fixtures are compact fluorescent and the high efficiency type. The home has a 4 ton 13 SEER rated AC system.- The heat gain for the home in July is 44,000 Btuh.
- The heat loss for the home in January is 66,000 Btuh.Which home is more efficient? Many homeowners would choose Home A simply because it has the largest AC system and highest SEER rating of the two homes. The most efficient home is Home B. This home is larger and is being served with the smallest AC system. Even with the lower SEER rating for the AC system the system is rated at 4 tons and is able to cool the home adequately. The difference in heat gain and heat loss values is what makes home B the most thermally energy efficient. The size of the AC system does not make a home more thermally efficient. The AC systems in homes are sized to meet the heat gain and heat loss values of the home. The lower the heat gain/loss number the higher the “Thermal Efficiency” is for the home. What makes the home more thermally efficient is size, construction, direction the home faces, window type, wall construction and insulation values to name a few. The thermal energy efficiency of the home is determined by the construction methods and materials not the heating and air conditioning equipment. The AC equipment only makes a difference in the conversion of electrical energy or the conversion of fuel into useful work- cooling output (Btuh) or heating output. When the SEER rating is higher the conversion of electrical energy is more efficient and therefore the energy bills are lower for the home. A home that only requires a 3 ton AC system to meet the cooling load will be less efficient if the same home has a 5 ton system installed no matter what the SEER value is.Example:
- Home C- Has a 12 SEER 3 ton AC system that is properly sized and works properly
- Home C- with a 16 SEER 5 ton AC system will not function correctly and will make the home uncomfortable because the system will short cycle and this reduces the energy efficiency (SEER) of the AC system.Homeowners do not fall for the bigger is better sales pitch! Bigger is not better regarding AC systems EVER!Let’s talk about heating systems now. If you are building a new home, buying a new home or purchasing an existing home you need to consider how your new home is heated. The method of heating a home today is not quite as simple as it once was. My personnel first choice for heating a home is by using a natural gas or propane system. I like the warmth and feel of the gas systems. At one time it would have been considered the most economically method to heat a home. In today’s constantly changing energy markets the price of a MCF of natural gas is not always the least cost to operate. I will list the methods of heating a home in order based on cost, comfort and reliability below.The Southern Part of the Country1. Gas Heat- If the price of natural gas or propane is least expensive on a consistent basis2. Heat Pump System- If the home is total electric a heat pump system is a must for energy
efficiency.3. If the home is total electric the last choice would be electric resistive heating. This is a very
expensive choice for heating.The Northern Part of the Country1. Fuel Oil – If the price of fuel oil remains less than natural gas or propane on a consistent basis2. Natural Gas – Would be the second choice over electric heating.3. Heat Pump System- If the home is total electric a heat pump system is a must for energy
efficiency.4. If the home is total electric the last choice would be electric resistive heating. A very
expensive choice for heating.
5. In areas where wood is available and the home has a good wood heating system.
Home AC System DesignQuestions to Ask Your Builder1. What is the heat gain for the home? July 15th 3:00 PM _____________ Btuh2. What is the heat loss for the home? January 15th 3:00 AM ______________Btuh3. How many units (systems) are in the home?Recommendations
- Single Story Homes less than 2000 sq ft- Single System
- Two Story Home less that 2000 sq ft- Two Systems, One Up and One Down Stairs
- Single Story Homes > 2000 but 5000 sq ft- Need to consult with a mechanical engineer with experience with
energy efficiency designs and energy conservation. Ask for references. Suggest
someone not in relation to the AC contractor to get the best objective design and solution.
- Discuss the heat gain/losses with your AC contractor or mechanical engineer to find out
what you can do to lower these values by making changes in the design and materials for
your home.4. 6. Ask for the AC contractor’s name and for references. Talk to homeowners who have been in their home more than two years or so. This will give you a better understanding of how well the contractor designed the AC systems and how they performed in both the cooling and heating seasons.5. Ask the contractor to give you some estimates in writing to replace the indoor fan motor and the compressor for the AC systems you are considering. If you are trying to decide between a system rated at 15 SEER and one rated at 20 SEER this will help you understand what the overall cost is and what your ROI could be over the life of the system(s).6. If you are looking at purchasing a home that will require major remodeling and the heating and air conditioning system to be replaced you need to make sure you understand the following about the AC contractor you hire.- Is the contractor licensed?
- Is his licensed current?
- What level of general liability insurance does he have?
- Is his insurance policy current?
- How many technicians will be working in your home?
- Have these technicians been registered with the state? A state of Texas requirement
- Have you checked the contractor out with the Better Business Bureau?
- Ask for a copy of his license and insurance policy.
- Verify the insurance policy is current with the policy provider, this is very important.Insurance Requirements for AC Contractors Texas (Verify Requirements for Your State)Homeowners AC contractors in Texas are required to carry a general liability insurance policy in order to perform work in the state of Texas. In 2003 the state of Texas stopped requiring AC contractors to prove they have general liability insurance prior to renewing their license each year. This puts homeowners at risk all over Texas when using and hiring AC contractors. You as a homeowner have to take the initiative to verify the AC contractor you are working with has a current general liability insurance policy.- Class A license holders are required to carry a $300,000.00 policy.- Class B license holders are required to carry a $150,000.00 policy.Homeowners you need to determine if the value of your home and personnel possessions have a value higher than the required limits for the AC contractor you hire. Check with your homeowner insurance provider how this impacts you as a homeowner in the event your home is damaged or destroyed because of poor workmanship or faulty equipment. You may want to ask your contractor to provide a higher level of liability insurance before starting work in your home.Homeowners do not become a victim of an unlicensed and uninsured AC contractor!Third Party Inspections and ResourcesMany cities and homeowners are using third party inspectors today. As a homeowner you are ultimately the responsible party to make sure your home and your investment is protected. Just because someone is a third party inspector means they are any better than the local city code official. I would recommend that you take the time to talk with two or more inspectors to find out who you believe is the best one that can help to insure you receive the best value for your money and the best AC system for your home. I always recommend that homeowners talk to their neighbors, friends and family to find out if they can offer you some good advice or to help steer you away from someone who does not understand what they are doing. A few simple phone calls or few minutes talking to someone can save you thousands of dollars and headache.SummaryHomeowners if you are considering purchasing a new home you have a lot on your mind. The AC system(s) for your new home are a very important piece of the equation to being satisfied and happy with your new home. We covered a lot of information in the “The Home Buyers Guide to AC Systems” and I believe you probably have learned some helpful tips and a whole lot about heating and air conditioning. Do not let this overwhelm you but simply take it in a step by step approach when deciding what type of heating and air conditioning system for your home. If you take the information you have learned and start to discuss it with home builders and AC contractors you will find out they are not going to be very open and willing to work with you. When home builders and AC contractors know they are doing business with a potential homeowner that knows something about AC systems they become a little uncomfortable. This will go to show you that home builders and AC contractors have had it their way for a long, long time. It is time for homeowners to receive the best AC systems for their new homes. You can do this and be very
successful at the same time.Good Luck with Your New Home or Next AC Project!

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How Social Media Allies and Upsides Your SEO Efforts?

SMM and Search Engine Optimization are usually given a separate space in the digital marketing arena.

And, quite reasonably, they are the two most decisive factors in the online marketing sphere.

But what we fail to understand is why many businesses do not acknowledge social media marketing as one of SEO’s most influential allies.

Do we intend to say that social media directly encourages your Search engine rankings?

The simple answer could be NO!

You must recognize that social metrics like Facebook likes and Twitter followers indicate social profile authority but have no hand in directly circumscribing the search engine rankings.

Surely, our straightforward answer is confusing. However, we completely believe that SEO and smo are powerful collaborators whose association must be leveraged for digital marketing success.

Let’s dig deeper and express how SMM can merit and warrant your SEO strategy.

The Relationship Between Social Metrics & SEO

Let’s assume that there might have been experiments conducted in the past that determine the use of social-media metrics such as social mentions and engagement level for search engine rankings.

But due to the unpredictable and unstable nature of smo and the weak signals generated, professionals might have dropped the attempts.

This was well elaborated by Matt Cutts back in 2014 in a Webmasters video. He was the Head of Google’s Webspam Team back then, and he revealed that social media provided incomplete signals.

Also, search engine algorithms can’t ascertain the reliability and authority of the smo posts and the profile.

Nevertheless, is there an Indirect way that social media influences search engine rankings?

And, this was embellished in the Cutt’s video itself.

He said that Google treats all social media websites like any other website on the Internet, which means that the same rules apply to Facebook, Twitter and so on as it applies to other websites.

Benefits of Social Media for Business

A Linkable Opportunity

As most social media consists of links to other websites, site owners and content creators can use it to promote their content.

You can employ a particular mixture of organic and paid promotions strategy to maximize your audience base.

Here’s how this happens-

As you use social media, there might have been countless times that some articles impacted you.

The impression an article made is evident in the things you share and communicate on social media. You might often use the information from the article in your other works, giving the source article a reference.

Understand that people cannot relate to something unless they know about it. Social media gives the perfect opportunity to content creators to prompt the audience and share link-worthy content.

You might well concede that SMM has given attention to many websites and individuals who were not known before. Creating Brand Mentions

Now, suppose someone or something (brand, product, service, individual, business, etc.) that has not yet been identified by Google suddenly notices many remarks online. In that case, it will influence Google to categorize them as an “entity”.

These are some unique circumstances that can boost your search engine rankings. This is bound to the context you are being mentioned or how people are talking about you online.

Understand that you are not adjudicated for how high you rank for a thing but what you entail as an entity.

So your website might not be getting a mention for a specific thing right now, but seeing the number of people who put trust in you, they can well start recognizing your business for that particular piece.

This is called the power of positive mentions.

Nevertheless, you need to make sure that positive mentions are not just on social media but on all public forums.

You can spring your brand marketing with your true audience base and inspire positive reinforcement and communication on social media.

Social Media For Searches

You cannot miss the fact that people use social media to search for a particular product or brand, and your audience base is just not limited to Google or Bing.

As you operate Twitter, you will realize that the social media channel with its trends, hashtags, insights and other tools give you a perfect opportunity to collude with the potential customers, making your content visible to the users.

You will find similar responses to Pinterest and Instagram.

Also, if anyone wants to know more about your company, he/she will likely ascertain your presence on Facebook, Instagram, Twitter channels- do a quick search and decide upon if he/she wants to deal with your business or not.

In 2016 Mark Zuckerberg had mentioned that “Now people are doing more than 2 billion searches a day between looking up people, businesses, and other things they care about.”- source Techcrunch.

Facebook had earlier retreated on a semantic graph search engine and launched a true keyword search, which landed in more search queries for media channel.

Twitter, since its onset, has been the leading destination for the population to flock for searches, especially in the event of big global news. Full post search appeared to have worked for Facebook and have expedited query volume.

Changing The Idea Of SEO

We have reached the phase where SEO is not just centered till Google optimization. We need to realize that search engine optimization is extending and converging on smo.

Also, if Google has been unclear about its stand, Bing, on the other hand, has been quite positive in including social metrics in its search engine algorithms.

You may well agree that the audience that reaches the company website, lurking through digital media channels, has already interacted with the company in a very pragmatic sense.

Also, digital media gives users the capability to engage more powerfully and compellingly. Hence, it will be only effective to broaden your social, media capacities and elicit brand awareness and growth.

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Coinbase Review

As the leading mainstream cryptocurrency exchange in the United States, Coinbase has become a standard on-ramp for new crypto investors. Coinbase offers a wide variety of products including cryptocurrency investing, an advanced trading platform, custodial accounts for institutions, a wallet for retail investors, and its own U.S. dollar stable-coin.

Coinbase was founded in 2012 and is a fully regulated and licensed cryptocurrency exchange supporting all U.S. states except Hawaii. Coinbase initially only allowed for Bitcoin trading but quickly began adding cryptocurrencies that fit its decentralized criteria.

Its list expanded to include Ethereum, Litecoin, Bitcoin Cash, XRP, and many others with the promise of more as long as its requirements are met.

Pros Explained
Solid variety of altcoin choices: Coinbase offers over 25 cryptocurrencies for investment, trading, and also staking.
Extremely simple user interface: Coinbase is perhaps one of the easiest on-ramps to crypto investing. It is easy to sign up and buy cryptocurrencies within a matter of minutes. It also has a learning program that pays users cryptocurrency to learn more about how cryptocurrency works.
High liquidity: Coinbase consistently ranks among highly liquid exchanges. This protects the investor from serious price slippage in an already volatile market.
Cons Explained
High fees when not using Coinbase Pro: Coinbase has high fees compared to some of its largest competitors. Many newcomers who use the standard Coinbase platform will be subject to these fees unless they use Coinbase Pro—free to switch to and with lower fees—which has more features that could be overwhelming to new crypto traders.
Users do not control their own wallet keys: This is consistent with many centralized exchanges but it still remains a con for all of them. When a user purchases cryptocurrency on an exchange, it is stored in a wallet that Coinbase has control over. This means that the user does not have autonomous control over their holdings, which, in essence, goes against the ethos of decentralized currency or finance. This can be avoided if the investor withdraws their currency to their own personal wallet, preferably a hard wallet.
Not a large enough variety of altcoins for altcoin traders: Coinbase has a good variety of altcoin options for newer investors to dabble in, but those interested in seriously trading of altcoins will not find a great selection here. That said, Coinbase plans to add more altcoins over time.
Cryptocurrencies Available on Coinbase
Coinbase has a solid number of options to invest and trade in and has plans to add more to the list. The following currencies are listed right now:

Aave (AAVE)
Algorand (ALGO)
Cosmos (ATOM)
EThe Balancer (BAL)
Band Protocol (BAND)
Basic Attention Token (BAT)
Bitcoin Cash (BCH)
Bancor Network Token (BNT)
Bitcoin Satoshi’s Vision (BSV) (Send Only)
Bitcoin (BTC)
Celo (CGLD)
Compound (COMP)
Civic (CVC)
Dai (DAI)
Dash (DASH)
districtOx (DNT)
EOS (EOS)
Ethereum Classic (ETC)
Ethereum (ETH)
Filecoin (FIL)
The Graph (GRT)
Golem (GNT)
Kyber Network (KNC)
Chainlink (LINK)
Loom Network (LOOM)
Loopring (LRC)
Litecoin (LTC)
Decentraland (MANA)
Maker (MKR)
Numeraire (NMR)
NuCypher (NU)
OMG Network (OMG)
Orchid (OXT)
Ren (REN)
Augur (REP)
Synthetix (SNX)
USD Coin (USDC)
Universal Market Access (UMA)
Uniswap (UNI)
Wrapped Bitcoin (WBTC)
Stellar Lumens (XLM)
Ripples (XRP)
Tezos (XTZ)
Yearn.finance (YFI)
Zcash (ZEC)
0x (ZRX)
Trade Experience
Trading on Coinbase is an extremely easy process and geared toward a beginner. The platform can also be accessed through your android or iOS devices. Coinbase does not offer any downloadable trading software and it is all browser-based, including its more advanced trading platform, Coinbase Pro.

When you log in you are immediately shown your portfolio balance and its performance in a selection of time frames like one hour, 24 hours, one week, and one year.

A banner above your portfolio balance has a “Buy crypto” button where you can enter a dollar value and place market orders for whichever crypto you choose that Coinbase has available. This button also brings up the options to sell or convert your crypto or even set up recurring orders—daily, weekly, on the 1st and 15th, once a month.

Buy crypto Coinbase
On the top right of the page, you will find the options to send and receive. This allows users to send crypto out of their Coinbase wallets or receive crypto from elsewhere into their Coinbase wallets. While most crypto-first exchanges do offer the ability for users to withdraw to their own private wallets, this is unfortunately not the case for some other brokers and exchanges out there. This ability is hugely important to investors who wish to make sure their holdings are safe and secure in their own offline wallets.

Coinbase Pro
While Coinbase is an incredibly simple on-ramp to crypto investment for those who are just starting out, Coinbase Pro offers a far larger and more robust charting and trade experience.

Coinbase users can purchase crypto using market orders that experience high fees compared to other exchange options out there. With that in mind, Coinbase wanted to create a free option for Coinbase users to graduate to when they were a bit more practiced. With Coinbase Pro, users can place market, limit, and stop orders with lower commission fees. Coinbase Pro also has the option of margin trading and has significantly fancier charting capabilities.

Traders using Coinbase Pro can see as short-term as 1-minute candle or line charts and can use overlays like exponential moving averages. Currently, the only 2 available overlays and indicators are EMA (12) and EMA (26). Coinbase Pro also has over 100 trading pairs available worldwide (nearly 40 trading with USD) and more than 40 crypto to crypto trading pairs in 42 regions. Compared to other serious trading tools out there, Coinbase Pro is still bare-bones with regard to indicators.

While the standard Coinbase platform is a great tool to help people understand how easy it is to purchase, store, and move cryptocurrency, Coinbase Pro is, by far, a better platform for those who wish to actively trade or invest with lower fees and more features.

Fees
Coinbase has an incredibly convoluted fee system that is also quite expensive if you are not using Coinbase Pro. The cost of trading on Coinbase’s standard platform is quite high in comparison to its competitors. Those who are new to crypto and are looking for ease of use may overlook this.

Coinbase’s fees vary across different countries and regions, but for the purposes of this review, we will focus on fees within the United States.

Payment Method Coinbase Fee
Bank Account 1.49%
Coinbase USD Wallet 1.49%
Debit/Credit Card 3.99%
ACH Transfer Free
Wire Transfer $10 ($25 outgoing)
Crypto Conversion 2.00%
In addition to these fees, Coinbase also charges variable spreads on purchases and trades. Coinbase says that they typically charge about 0.50% for the purchase and sale of cryptocurrency below $10,000 in value. This fee is significantly reduced for sums between $10,000 and $50,000 (0.35%) and continues to decrease with each pricing tier until maker-taker fees reach 0.00% and 0.04%, respectively, for sums of $500,000,000 and up. Market fluctuations can make this higher or lower.

There is also a “Coinbase Fee” in addition to the spread and the cost of depositing money mentioned above in the chart. This fee is dependent on the value of the purchase, payment type (debit/credit), and region you are purchasing from.

Coinbase gives the following examples of “Coinbase Fees” one might experience on its platform:

If the total transaction amount is less than or equal to $10, the fee is $0.99 | €0,99 | £0,99
If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49 | €1,49 | £1,49
If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99 | €1,99 | £1,99
If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99 | €2,99 | £2,99
Coinbase Pro Fees
Coinbase Pro fees are significantly less expensive and less complicated. With Coinbase Pro, digital assets and ACH transfers are free to deposit and withdraw. Wire transfers are $10 to deposit and $25 to withdraw.

Pricing Tier Taker Fee Maker Fee
<$10K 0.50% 0.50%
$10 – 50K 0.35% 0.35%
$50 – 100K 0.25% 0.15%
$100K – 1M 0.20% 0.10%
$1- 10M 0.18% 0.08%
$10 -50M 0.15% 0.05%
$50 – 100M 0.10% 0.00%
$100 – 300M 0.07% 0.00%
$300 – 500M 0.06% 0.00%
$500M – 1B 0.05% 0.00%
$1B+ 0.04% 0.00%
Security
Coinbase uses a variety of safety measures for account holders. It is important to understand that any crypto on any exchange account is only as secure as the account holder makes them. It is imperative to use strong passwords and to utilize the available security features like 2-step verification.

Coinbase has 2-step verification, biometric fingerprint logins, insurance in the event that Coinbase itself is breached (this insurance does not apply if your account is breached due to your own lack of security measures), and also stores 98% of users’ funds in offline cold storage.

Digital currency is not considered legal tender and therefore is not backed by SIPC or FDIC. Coinbase provides insurance by pooling Coinbase balances and holding them in USD custodial accounts, USD denominated money market funds, or liquid U.S. Treasuries.

Coinbase provides a solid amount of security in comparison to a number of other leading exchanges. This is one of the reasons Coinbase is a great offering for those looking to safely get started investing in cryptocurrency.

That said, the premise of cryptocurrency is to remove intermediaries where possible and to be in total control of your own funds. While Coinbase does provide an easy entry to cryptocurrency investing, it is important to learn about proper cryptocurrency security and storage. Savvy crypto investors may use Coinbase Pro for its reduced fees and then withdraw their holdings to their own secure cold storage.

Opening a Coinbase Account
Signing up for Coinbase is a very straightforward and easy process. First, you enter your name, email, and the password you wish to use. You will then be asked to verify your email address. Next, Coinbase asks you to enter in your phone number to receive a verification code and enter it. Coinbase will later use this phone number to send 2-step verification codes. After this stage, it will prompt you to enter your identification information.

Just like any bank account or investment account, you must prove your identity via state identification. For users in the United States, this will require a social security number. At this point, your Coinbase account will have been created and you are able to add your bank account, credit card, or debit card information to enable deposits and withdrawals so that you can start trading or investing.

VERDICT
Coinbase is an ideal tool for new crypto investors who may not have any other investment experience. While the standard platform is overpriced, its features, like its learn program and the ability to easily set up recurring purchases, provide the inexperienced with a clear path to becoming invested and actually understanding cryptocurrency.

Those with more trading experience will find that Coinbase Pro is a cheaper and more robust option, but it is still lacking in terms of features. If you wish to trade seriously, you may find that Coinbase is not the right fit for you. Overall, Coinbase is designed with the beginner in mind.

Methodology
Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels.

Exchanges are only considered for review if they are safe, secure, liquid, and either regulated by a proper agency or entirely decentralized.

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