Coinbase is a bitcoin wallet that lets you buy/sell/send/receive bitcoins.
Step1: Signup, email gets verified
Step2: Add address. You can add any address here but while setting up payment you’ll anyway have to add the correct mailing address.
Step3: Add a payment method, you can add a debit card, setup wire-transfer or paypal
Step4: They’ll charge (and refund) a token amount to see that you account is legit.
Step5: Once you verify the transactions your card will be added
Step6: Mobile verification is compulsory to buy bitcoins
Step7: Buy Bitcoin, they charge a 4% fees!
Bitcoin address is required to send bitcoins to another person. It is a long string of characters and it is said that a new address should be generated for every transaction.
Additionally there is a wallet address. My wallet address is www.coinbase.com/kshivanku
Anyone can have a bitcoin address, even if they don’t have a bank account. I made another test account. This time I just signed-up with a valid email address and did not do anything else like setting up payments etc. I still got a bitcoin address and a wallet address. Hence, I can receive bitcoins and pay for all the services that accept bitcoins without having any bank account.
Buying stuff with bitcoin:
Buying stuff on Expedia:
Choose Bitcoin as payment method
Pay with bitcoin