Coinbase clone script

Users will need to sign up to the cryptocurrency exchange platform. A complete account can be created by inputting credentials such as name, email and password and verifying the email address thereafter.

To begin using Coinbase, users will need to either link their bank accounts or a credit/debit card to the exchange platform’s account. The two modes of buying cryptocurrency are different from each other in terms of transaction speed and limits. Users who choose to link their bank accounts are limited to make high-value transactions such as $2500/week. The downside is that it takes 2-4 business days for purchased coins and sales to reflect in the Coinbase account. Whereas users who choose to link their credit/debit card will have the currencies they purchase and exchange shows up in their Coinbase accounts immediately. The catch is that this choice has higher transaction limits - $250/week.

If the user chooses to buy coins using a bank account, then he/she will be prompted to verify and validate one or two test transactions. In the case of linking a debit/credit card, users will have to send a screenshot of the card they want to link with coinbase.

After setting up the account, users can proceed to buy and exchange cryptocurrency. Before every transaction, a breakdown of the service fee and amount of coins being purchased will be displayed to the user.