CoinBox is a reliable cryptocurrency wallet that allows you to save over 100 cryptocurrencies and sell crypto in a single application. Most people always wonder, “how does Coinbox work?”
In this article, we review CoinBox and show you how to use the cryptocurrency wallet.
CoinBox wallet overview
Using CoinBox, you can store, send, and receive hundreds of different cryptocurrencies all in one place.
Tokens such as bitcoin (BTC), Ethereum (ETH), and ripple (XRP) are supported, but
CoinBox also allows you to store any ERC20 token. Tokens based on the ERC20 standard have grown in popularity since the ICO boom of 2017, and have regained importance amid the recent Decentralized Finance (DeFi) boom.
With an in-built exchange, CoinBox’s desktop and mobile wallets offer speed, simplicity, and security. The wallet is a great tool for keeping track of the price of cryptocurrencies like tokens. The exchange in your CoinBox wallet has no transaction limits.
More recently added functionality allows you to exchange your crypto for fiat directly to your bank account via SEPA.
If you have any problems while using CoinBox, they have excellent customer service. All customer service inquiries are responded to within one business day.
CoinBox is available on a variety of platforms, including Android, iOS, and the web wallet on a computer. CoinBox also allows you to trade on your Apple Watch thanks to the CoinBox app. When it came to making this possible, the wallet was a pioneer.
How to get started with Coinbox
To start, you need to use the web app or download the mobile app on Google Play or App Store.
Then, begin registration by providing your email and password.
Now that you have signed up, you can quickly receive and send cryptocurrencies to anyone. You can also buy or sell cryptocurrencies inside the app, as shown below:
How to purchase crypto on CoinBox Wallet
Look for the cryptocurrency you wish to purchase and then click on it to make the purchase. To begin, click the buy button on the newly opened page.
Next, enter the desired purchase amount. There are purchases ranging from $45 up to $10,800. We’re using CoinBox to purchase $65 worth of bitcoin (BTC) in this example. To proceed, click “Pay 65 USD.”
You’ll be redirected to a payment processor’s website to complete the purchase.
How to sell crypto on CoinBox Wallet
To sell a cryptocurrency on CoinBox app, find the one you want and click on it. The process is very similar to buying it.
To proceed, select sell.
You’ll be asked to provide identification to prove your legitimacy. Enter the USD value of the amount of cryptocurrency you wish to sell. Your bank account information or PayPal credentials will then be required to complete the purchase.
CoinBox affiliate program
CoinBox wallet exchange has a unique affiliate program, which allows you to receive up to 80% commission of the user’s friends’ transactions. All you need to do is send your referral code to friends to use when signing up.
To find your referral code, go to the “Invite” tab on the application. You can then share your code with friends via social media and earn passive income. You can also track your referrals and the commissions you have earned overtime via the ‘Referral Statistics’ page.
CoinBox Wallet settings
CoinBox provides you with complete control over your wallet and how you use the program. This option can be found in the settings tab.
You can adjust the security level, native currency, and notifications, as well as contact support.
You can improve the security of your cash by using the security window. You can use a coded password, a fingerprint scan, or a face unlock/ID to secure your device.
All transactions can also be confirmed through email. Click “Enable email confirmation” and input the code supplied to your email address to enable it.
After each incoming transaction, the dynamic address option in the security box will modify your receiving address. At the time of writing, this feature was only accessible for bitcoin (BTC).
“Support” is another crucial component in the security window. You can use the same wallet on another interface and, more significantly, recover funds if you lose your device if you back up your wallet.
You can choose any handy currency to finish transactions in the “National Currency” section.
Coinbox app Settings
In the “Settings” section of coinbox app, you can select the security level, national currency, enable notifications, and also contact Support.
Bottom line – Should I use CoinBox?
CoinBox wallet offers a clean wallet interface with several crypto options, an in-wallet exchange, and full control over your funds.
The wallet app is a great choice to consider when using a wallet.
Highlights of key features of CoinBox
- Over 100 cryptocurrencies are supported.
- ERC20 tokens supported.
- Multilingual support.
- Over 1,500 assets are supported in total.
- Instant sell to bank account inside the app.
- Apple Watch trading support.