How To Buy Bitcoin On Coinbase
In this blog post you will learn how to invest and how to buy bitcoin on the most popular cryptocurrency exchange called Coinbase. Coinbase is located in San Francisco, California and is the largest bitcoin exchange with a market cap of over 1 billion dollars. Coinbase was founded on June 20, 2012 by Brian Armstrong and Fred Ehrsam. Besides being able to buy bitcoin on this platform you can buy ethereum and litecoin as well. Ethereum and litecoin are other forms of digital currency commonly referred to as alt coins. If this is your first time making a bitcoin investment Coinbase is the best possible exchange, it is very easy to use and super user friendly. You can buy bitcoin with credit cards, debit cards, and with USD from your bank account. This exchange is where you will invest in bitcoin and hold for a few years or you can trade bitcoin (buy/sell) if and when you make a nice profit. Unfortunately Coinbase doesn’t let you buy bitcoin with PayPal, however, you can link a bank account and sell to your PayPal account if you prefer (just the selling fees are higher at 3.75%). That’s why I recommend using your bank account then the buying and selling fees are much lower at 1.5% of your total purchase or sell order. You can expect to pay a commission fee of 3.5% to buy bitcoin with a credit card.
Log Onto Coinbase
The first step to setting up your account is logging onto Coinbase. Rather than just signing up directly on their website make sure you use my referral link located here. This way once you make your first purchase of $100 or more you will get an additional $10 worth of bitcoin free. Please wait about 5 minutes after your purchase to allow Coinbase to send you this free gift. Once you have clicked the link it should look like the image below, it’s time to fill out some of your basic information.
Fill Out Your Personal Information
Please fill out your first and last name, your email address, and your password. Make sure you write down both your email and password and store it in a safe place. Once you write those down, click the box to indicate that you are not a robot and then click the box that you are 18 years or old and that you agree to the terms & conditions after you read them. Once this is filled out and is accurate click the blue button “sign up”. You will be directed to the next page on the website where you will need to select the state that you live in, then hit submit. Once you complete that Coinbase will send you a verification email to the email address you signed up with. Open the message and click the link they sent you in the email, you will be redirected to a new window. Once the new window opens up you will have to fill out a little more information about yourself. This includes your address, last four of your social security, employment and phone number. Make sure you use your cell phone number as a built in security Coinbase will send you a text message each time you login with a 7 digit verification code (2-Step Verification). This code will change each and every time you login, so don’t worry about saving it.
Set Up Your Payment Method
To set up your bank account make sure you are in the dashboard tab, scroll towards the bottom of the page and fine where it says “Bank Account”. Click the bank account you will be asked to select your banks name, examples (Chase, TD Bank, Wells Fargo). Find your bank and select it, next you will have to connect your bank account to Coinbase, you can do this by entering the email address and password associated to your bank account online. Coinbase will then be able to find your checking or savings account select which ever one you have money in and connect it.
Verify Your Account With An ID or Driver’s License
As another security measure you will have to verify your account with an ID or driver’s license. I verified with a driver’s license. You will need to take a picture or scan the front and the back of your driver’s license. If you use your phone take a picture and upload it right to Coinbase. If you are using your laptop to set up your Coinbase account you can use your printer to scan the license or simply take the two pictures with your cell phone and then email the pictures to yourself. Open the email and save the two images then you can simply upload them to the website.
Send Money From Your Bank To Coinbase
Now that your bank is linked to Coinbase and your account has been verified you will need to initiate a wire transfer. Go to the Tab on Coinbase called “Accounts” once you click that you will see all your “wallets” BTC Wallet, BTC Vault, ETH Wallet, LTC Wallet and the USD Wallet. Go to the USD wallet and click where it says “deposit”, this means you will deposit money from your bank account into Coinbase. You will see your banks name and the last 4 digits of your bank account number; enter the desired amount of money you would like to invest. Keep in mind to receive your additional $10 of bitcoin you will need to invest a minimum of $100. Enter you amount like so $100.00 (using $100 as an example you can invest more if you would like to). Hit continue and then you can review this deposit, if everything looks correct to you then hit the blue button “Confirm”. Your money should be in the account in about 4-5 business days but they will give you a date when they expect it to be there usually 7 days out just to be safe. You will get an email saying you started a deposit from your bank account into Coinbase, once your money is in the account you will get another email saying the money has arrived.
Buy Bitcoin On Coinbase
After you receive the confirmation email from Coinbase, sign into your account remember you’ll be getting a text message where you will need to enter the 7 digit code they text you. Go to the tab called “Buy/Sell” make sure bitcoin is selected and enter the amount you would like to purchase; using the example of $100 again it should look like 100.00 they will show you how much bitcoin you will get it should be a decimal of a full bitcoin like .01754 or something similar to that. Then select “Buy Bitcoin Instantly” then confirm the order. You may have to enter your password to complete the order, which is normal. Keep in mind that there will be a 1.5% commission fee for buying Coinbase so $1.50 will come out. However since you used my referral link in about 5 minutes or less your $10 of bitcoin will be in your account. Woohoo! That’s it you now officially own bitcoin and you can find it in the accounts tab and then “BTC Wallet”.
Investment Opportunity (Optional)
If you are happy with your purchase and just want to hold on to bitcoin for the long run then you don’t have to read this. However, if you would like to turn your $100 into about a 300% return in under a year you may want to learn about Bitconnect here. That’s right your $100 can turn into about $399 in under one year’s time. This blog was about buying Coinbase so if you would like to learn more about this opportunity to really make some great cryptocurrency profits head over to my other blog “10 Steps To Make Money With Bitcoin Using Bitconnect”.
Conclusion
Thank you for reading my blog, and welcome to the cryptocurrency community! If you have any questions please feel free to leave them in the comment section below. If you would like to help you friends invest in bitcoin as well you can share this post with them or have them use your referral link that is located on the top right of your Coinbase account. You will see an invite friends $10 tab click that and then you will find your referral link it will look similar to this https://www.coinbase.com/join/59260c2ea97bd00a1803bfb1
In this blog post you will learn how to invest and how to buy bitcoin on the most popular cryptocurrency exchange called Coinbase. Coinbase is located in San Francisco, California and is the largest bitcoin exchange with a market cap of over 1 billion dollars. Coinbase was founded on June 20, 2012 by Brian Armstrong and Fred Ehrsam. Besides being able to buy bitcoin on this platform you can buy ethereum and litecoin as well. Ethereum and litecoin are other forms of digital currency commonly referred to as alt coins. If this is your first time making a bitcoin investment Coinbase is the best possible exchange, it is very easy to use and super user friendly. You can buy bitcoin with credit cards, debit cards, and with USD from your bank account. This exchange is where you will invest in bitcoin and hold for a few years or you can trade bitcoin (buy/sell) if and when you make a nice profit. Unfortunately Coinbase doesn’t let you buy bitcoin with PayPal, however, you can link a bank account and sell to your PayPal account if you prefer (just the selling fees are higher at 3.75%). That’s why I recommend using your bank account then the buying and selling fees are much lower at 1.5% of your total purchase or sell order. You can expect to pay a commission fee of 3.5% to buy bitcoin with a credit card.
Log Onto Coinbase
The first step to setting up your account is logging onto Coinbase. Rather than just signing up directly on their website make sure you use my referral link located here. This way once you make your first purchase of $100 or more you will get an additional $10 worth of bitcoin free. Please wait about 5 minutes after your purchase to allow Coinbase to send you this free gift. Once you have clicked the link it should look like the image below, it’s time to fill out some of your basic information.
Fill Out Your Personal Information
Please fill out your first and last name, your email address, and your password. Make sure you write down both your email and password and store it in a safe place. Once you write those down, click the box to indicate that you are not a robot and then click the box that you are 18 years or old and that you agree to the terms & conditions after you read them. Once this is filled out and is accurate click the blue button “sign up”. You will be directed to the next page on the website where you will need to select the state that you live in, then hit submit. Once you complete that Coinbase will send you a verification email to the email address you signed up with. Open the message and click the link they sent you in the email, you will be redirected to a new window. Once the new window opens up you will have to fill out a little more information about yourself. This includes your address, last four of your social security, employment and phone number. Make sure you use your cell phone number as a built in security Coinbase will send you a text message each time you login with a 7 digit verification code (2-Step Verification). This code will change each and every time you login, so don’t worry about saving it.
Set Up Your Payment Method
To set up your bank account make sure you are in the dashboard tab, scroll towards the bottom of the page and fine where it says “Bank Account”. Click the bank account you will be asked to select your banks name, examples (Chase, TD Bank, Wells Fargo). Find your bank and select it, next you will have to connect your bank account to Coinbase, you can do this by entering the email address and password associated to your bank account online. Coinbase will then be able to find your checking or savings account select which ever one you have money in and connect it.
Verify Your Account With An ID or Driver’s License
As another security measure you will have to verify your account with an ID or driver’s license. I verified with a driver’s license. You will need to take a picture or scan the front and the back of your driver’s license. If you use your phone take a picture and upload it right to Coinbase. If you are using your laptop to set up your Coinbase account you can use your printer to scan the license or simply take the two pictures with your cell phone and then email the pictures to yourself. Open the email and save the two images then you can simply upload them to the website.
Send Money From Your Bank To Coinbase
Now that your bank is linked to Coinbase and your account has been verified you will need to initiate a wire transfer. Go to the Tab on Coinbase called “Accounts” once you click that you will see all your “wallets” BTC Wallet, BTC Vault, ETH Wallet, LTC Wallet and the USD Wallet. Go to the USD wallet and click where it says “deposit”, this means you will deposit money from your bank account into Coinbase. You will see your banks name and the last 4 digits of your bank account number; enter the desired amount of money you would like to invest. Keep in mind to receive your additional $10 of bitcoin you will need to invest a minimum of $100. Enter you amount like so $100.00 (using $100 as an example you can invest more if you would like to). Hit continue and then you can review this deposit, if everything looks correct to you then hit the blue button “Confirm”. Your money should be in the account in about 4-5 business days but they will give you a date when they expect it to be there usually 7 days out just to be safe. You will get an email saying you started a deposit from your bank account into Coinbase, once your money is in the account you will get another email saying the money has arrived.
Buy Bitcoin On Coinbase
After you receive the confirmation email from Coinbase, sign into your account remember you’ll be getting a text message where you will need to enter the 7 digit code they text you. Go to the tab called “Buy/Sell” make sure bitcoin is selected and enter the amount you would like to purchase; using the example of $100 again it should look like 100.00 they will show you how much bitcoin you will get it should be a decimal of a full bitcoin like .01754 or something similar to that. Then select “Buy Bitcoin Instantly” then confirm the order. You may have to enter your password to complete the order, which is normal. Keep in mind that there will be a 1.5% commission fee for buying Coinbase so $1.50 will come out. However since you used my referral link in about 5 minutes or less your $10 of bitcoin will be in your account. Woohoo! That’s it you now officially own bitcoin and you can find it in the accounts tab and then “BTC Wallet”.
Investment Opportunity (Optional)
If you are happy with your purchase and just want to hold on to bitcoin for the long run then you don’t have to read this. However, if you would like to turn your $100 into about a 300% return in under a year you may want to learn about Bitconnect here. That’s right your $100 can turn into about $399 in under one year’s time. This blog was about buying Coinbase so if you would like to learn more about this opportunity to really make some great cryptocurrency profits head over to my other blog “10 Steps To Make Money With Bitcoin Using Bitconnect”.
Conclusion
Thank you for reading my blog, and welcome to the cryptocurrency community! If you have any questions please feel free to leave them in the comment section below. If you would like to help you friends invest in bitcoin as well you can share this post with them or have them use your referral link that is located on the top right of your Coinbase account. You will see an invite friends $10 tab click that and then you will find your referral link it will look similar to this https://www.coinbase.com/join/59260c2ea97bd00a1803bfb1
Disclaimer: This is not investment advice; these are just my own opinions. Only invest the money you can afford to lose. You can lose it all so invest wisely.
Disclaimer: This is not investment advice; these are just my own opinions. Only invest the money you can afford to lose. You can lose it all so invest wisely.