Bitcoin wallet service Coinbase has created an SMS interface, which enables users to send and receive bitcoins via text message.Any Coinbase customer, regardless of the network they are on and whether or not they have a smartphone, can use the new service.First, users have to head online and visit their Coinbase account page, verify their phone number, select a six-digit pin and click the 'enable SMS' button.After sending 'hi' to 1 (650) 316-5555, the service is activated and the user can complete any of a number of actions, for example sending bitcoins to a friend's Coinbase wallet, checking the current price of bitcoin and selling bitcoins.Complete list of Coinbase SMS commands: For the actions that involve buying, selling and sending bitcoins, the user will receive an automated phone call and will be prompted to enter their pin.The SMS interface was built by Coinbase's new recruit Charlie Lee, the creator of Litecoin.It is one of many developments the company has made since it received a $5 million investment led by Union Square Ventures in May.

Coinbase was involved in the 2012 summer programme of elite startup incubator Y Combinator, which has nurtured a number of successful companies, including reddit, Airbnb and Dropbox.ethereum exodusY-Combinator’s co-founder Paul Graham labelled Coinbase's rapid growth as "very, very rare."buy bitcoin with vcc“Hackers are the animals that can detect a storm coming or an earthquake.ethereum cost of transactionThey just know, even though they don’t know why, and there are two big things hackers are excited about now and can’t articulate why – Bitcoin and 3D printing," he added.litecoin price diagramKipochi offers a similar product to those based in numerous regions across the world, including the Middle East, Africa and South America.bitcoin 2050

Kipochi, which means purse or wallet in Swahili, is like Coinbase's new system in that users' mobile phone numbers act as their account numbers, enabling them to buy, sell, send and receive bitcoins via their handsets.bitcoin oculus riftIt works on all web-enabled mobile phones and operates with very low transaction fees.bitcoin short term capital gainsWhat do you think of the new Coinbase SMS service?golden village bitcoinLet us know in the comments below.bitcoin madencilikTroubleshooting 2-factor authentication This page contains troubleshooting steps for the various 2-factor authentication code options provided by Coinbase.For information on setting up 2-factor authentication, please see this page: How do I set up 2-factor authentication?

Authenticator Authy SMS or Text message Phone number changed Landline Authenticator When Google Authenticator or a similar authenticator app is enabled on your account, it will no longer be possible to authenticate using 2-factor authentication codes generated by the Authy app or SMS/text.Since Authenticator apps are not susceptible to phone number porting, we recommend it as the most secure 2-factor authentication solution for your Coinbase account.Code not working If you're using Authenticator and codes are not working, please check that the clock on your device is correct and set to the correct timezone.An incorrect clock can cause codes to be out of sync.To learn more about Authenticator: Managing Google Authenticator Device lost If you've lost your Authenticator device and have access to your secret seed See how to restore your account here.If you've lost your Authenticator device and do not have access to the secret seed Recover your account by selecting the "Code not working?"

link after providing your username and password.Note that this must be done on the Coinbase website, not the mobile application.Authy App When an Authy app is configured and registered with your phone number, it will no longer be possible to authenticate using 2-factor authentication codes generated by SMS/text.If you have obtained a new phone number, you will need to perform a number change via Authy.Click the 'I don't have access to my phone' button at the bottom of the page to initiate the process.Please note that this change can take between 48-72 hours to complete in order to ensure your account security during the process.SMS/Text Code not working On the 2-factor authentication page there will be a link with additional options if you are having trouble receiving a code via SMS or if your code was incorrect.If you have installed and added the Authy or Google Authenticator apps to your device, this option will not be available.If this is the case, please refer to the section of this article that pertains to your 2-factor authentication configuration.

Clicking 'Code not working?'will allow you to request another verification code to be sent If the 'Code not working?'/phones/reset and then log in to your Coinbase account again to find the link.iPhoneAndroid phoneChrome browser Not Receiving SMS Codes If you are using an app for your 2FA codes, such as Google Authenticator, you will not receive SMS to your phone.Occasionally, due to issues with the SMS network itself, these codes may be undeliverable to some users.To prevent this, it is recommended to use Google Authenticator or another TOTP app for 2-factor authentication in your Coinbase account if possible, as they do not require internet connectivity or SMS coverage once configured.If you become locked out of your account during this type of outage, please contact Coinbase support.Phone Number Changed If you have a new phone number and are unable to sign in, the phone change process will vary based on the method you use to receive 2-step verification codes.