Cryptocurrency is taking the world by storm this 2021! If you haven’t hopped onto this investment train yet, you're definitely missing out. This transformative technology brings new promises of revolutionizing numerous global industries.
If you want a reliable, long-term store of value, cryptocurrencies are your best bet. The highly-praised blockchain security system makes it almost impossible to be stolen. While value remains dependent on a variety of factors, the thrill of being part of the market is due to the possibility of being the next "crypto-millionaire."
Among the top-performing and widely-known cryptocurrencies are Bitcoin (BTC) and Ether (ETH). These two have shown remarkable growth and are projected to expand more in the coming years. Now is the time to invest in this lucrative income stream. Who knows? You could be included in the next batch of digital millionaires. Ready to start your money-growing journey? Here's a step-by-step guide on how to buy bitcoin on Coinbase.
Choose a cryptocurrency exchange platform
Your trading platform must have the following qualities:
- A wide selection of tradeable coins
- Excellent customer service
- Fast transaction speed
- Regional availability
- Low fees
- Topnotch security
Coinbase
Some Coinbase reviews hail it as the best cryptocurrency trading platform or crypto exchange website available. It is beginner-friendly, has a strong reputation and offers a variety of payment methods. Not only that, but it also offers tremendously high liquidity, making your trading experience better. The best part? Your money is secure with insurance protection against data breaches and stores user cash in FDIC-insured accounts.
Set up an account
Creating your own account on Coinbase is easy. Click here to start your road to success. All you need to do is fill out your information and you’re good to go!
Sign in
Once you have an account, you can easily sign in with your Coinbase log-in credentials.
Start buying!
There are two platforms that you can use to start trading -- the website and their mobile app. With as little as $2, you can start exchanging cryptos!
Coinbase website
1. In the upper right corner, you will find the "Buy/Sell" button.
2. Click on "Buy" to choose an asset you would like to buy (choose bitcoin or your coin of preference).
3. Enter the amount you’d like to purchase in crypto or your local currency.
4. Choose a payment method.
Coinbase offers a variety of payment methods to make trading more convenient. For small investments, PayPal and debit cards are good options. On the other hand, it is best to choose the wire transfer or bank account options when you have bigger sums to invest.
How to buy bitcoin with a credit card
Simply go to the Payment Methods tab → select Add a payment method → select the type of account you wish to link → follow the instructions for the verification process
5. Review your purchase details by clicking "Preview Buy." If you wish to make a change, just click the back arrow.
6. Confirm your purchase when done by clicking "Buy."
You can opt to make the purchase a recurring one by clicking "One-time purchase" and selecting your preferred time interval between repeat transactions.
Coinbase mobile app
Using the mobile app is a convenient way to trade anytime, anywhere. Buy and sell bitcoins straight from your phone and of course, use it as an e-wallet. You can easily transfer bitcoins to merchants who accept this currency or even send it as a gift to loved ones!
1. Configure your payment settings.
Set up your payment methods on the go for more ease when buying your coins.
Go to Settings → Payment Methods → Add a payment method → Select your account type → Complete verification process
2. Tap the ⇄ symbol at the bottom of the screen.
3. Enter your desired amount.
4. Click "Preview Buy" to review your transaction details.
5. Tap "Buy Now" to complete your purchase.
Again, you may save this transaction to make it a recurring purchase.
Now that you know how to buy bitcoins or any digital currency on Coinbase, all you have to do is watch your money grow. You can choose to go long-term or short-term depending on your goal. It is important to devise a trading strategy and stick to it by monitoring your trade from time to time. Our two cents? Buy long and sell short. Take your profit, cut losses and reap the rewards.