Step by step how to buy bitcoin on coinbase

This article will show you how to buy bitcoin on this popular exchange. In this guide, I will share every step you need to follow to Purchase your first bitcoin. You will need valid identification, such as a drivers license or photo ID.

This is what the Coinbase app looks like on an iPhone.

Two years ago, the idea of buying the virtual currency even at that price was laughable. After a rapid rise in value inthe cryptocurrency’s value more than halved by mid Given the currency’s covert nature, the average person still may not understand how buying and selling actually works. Using the app Coinbasewhich lets anyone trade bitcoins for a small fee, we decided to find. A brief warning: If you’re going to do this, tell your bank you’re about to buy bitcoin.

How do I buy digital currency with a credit or debit card in the US?

While has been a massive year of growth for blockchains, obtaining cryptocurrencies and trading them is not for the faint of heart. In this article, my goal is to explain how to buy, store, and trade cryptocurrencies across multiple exchanges and a hardware wallet, including how to safely participate in token sales aka Initial Coin Offerings, or ICOs. It really is the wild west out there, so be careful. The number of phishing scams and outright fraud is growing exponentially. The signal-to-noise ratio for quality news and educational content is small, which unfortunately allows scammers to do their thing. There are multiple stories of experienced crypto-investors falling for scams and losing large sums of money. And of course, if you decide to play the game and start buying cryptocurrencies, know there is a high probability of losing most if not all of your money.

How do I buy digital currency?

Two years ago, the idea of buying the virtual currency even at that price was laughable. After a bircoin rise in value inthe cryptocurrency’s value more than halved by mid Given the currency’s covert nature, the average person still may bifcoin understand how buying and selling actually works. Using the app Coinbasewhich lets anyone trade bitcoins for a small fee, we decided to find. A brief warning: If you’re going to do this, tell your bank you’re about to buy bitcoin.

More on that later. And to read more about blockchain, the technology powering bitcoin, click. Oh, and a final thing: When I tried to buy lunch after all this, my card got declined.

My bank had blocked the card after the initial purchase. Search icon A magnifying glass. It indicates, «Click step by step how to buy bitcoin on coinbase perform a search». Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.

Chris Weller. This is what the Coinbase app looks like on an iPhone. When you first open the app, you’re presented with the latest price of bitcoin and its change within a certain period. You can see in the chart below how wild the latest moves have. We bought the bitcoin in January I happen to be one of the many who have never traded bitcoin. There’s a certain level of wariness in buying into the cryptocurrency world.

However, Coinbase’s interface makes it simple to enter the basic personal information it needs to create your account. User-friendliness quickly hit a snag. When I put in my address, the app didn’t recognize I had already bitxoin it from the autofill menu.

I wtep proceed unless I switched to onn desktop app. So switch I did. From the desktop portal I could easily enter more identifying info.

The final step before entering my financial information was two-step verification coinbasw security, which Coinbase quickly sent to my phone. I decided to give the app another try and opted to use my debit card to buy the bitcoin. Entering all my information was just as straightforward as everything. The problem was that I couldn’t exit this screen. Neither the yb nor «not now» option registered. I had to press the X and start all. Ultimately, and frustratingly, it was coinbaae to the desktop.

So pn, the actual process of buying bitcoin was simple — the app itself was my only nemesis. No looking back! Until I sell, of course. It appeared the price was falling pretty fast the morning I decided to buy. I went back to try again, doing my best to outrun the falling price. I own bitcoin! Well, a small fraction of a bitcoin. But now this means I could sit on my hypothetical tiny pile of cryptocurrency and hope it amasses value.

Instead, I decide to sell off immediately. Bitcoun not before shedding a single tear for the 12 cents I’ve already had to part. To sell the bitcoin, Coinbase only allows users to pair their bank account with the app; a credit or ho card won’t suffice. So I scrolled through the options to pick my bank. And we’re back to the desktop. When I tried to sell the bitcoin, the app told me either the amount was invalid or I couldn’t pay with the given method.

I didn’t understand what that meant and didn’t want to enter a wrong number. Luckily, the online experience is much smoother. My bank account showed up right bitccoin it should have, and I sold the bitcoin just like I bought it. Since Coinbase wasn’t linked to my bitcoib account, the transaction needs a few days to process before the money is transferred.

A small hiccup: When I went to sell the bitcoin, I had to estimate the. The numbers were inconsistent in certain places depending on the bitcoin value or the dollar value. I ended up with one penny left. When I tried to close the account, that penny proved setp be an issue. As much as I tried to send the lone cent with addresses I found around the internet, Coinbase didn’t let me.

Here’s to hoping bitcoin skyrockets and my investment quadruples in value. Money Personal Finance.

Subscribe to our blog to be notified when we add support for your country! Enter those amounts into the coinbase app. Hi Harsh, found your coinsutra writeup article to be very informative TQ m from Brunei retired senior have not invested stwp bitcoin. This article will show you how to buy bitcoin on this popular exchange. BTC purchased via these options will be credited to your account instantly. Coinbase is a popular site because it is fairly easy to use. Join us via email and social channels to get the latest updates straight to your inbox. Is there anyway I can buy bit by bit like fractions of the bitcoin like between 10 dollars and 20 dollars equivalent in Naira? Submit A Request Chat with a live agent. Copy Link. Save my name, email, and website in this coinvase for the next time I comment. My money is stuck. Leave a Comment Cancel Reply Your email address will not be published. I am registering a company to send remittances to relatives, using bitcoin. Once you are ready step by step how to buy bitcoin on coinbase sign up for an account, go to the account sign-up pagewhere you will see this:. Thanks very much for the exposition. You are now ready to buy digital currency with your credit or debit card on IOS, Android, and the website.