Buying Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP on Coinbase is easier than you think. Follow the steps below to make your first cryptocurrency purchase. If you make a purchase of min. If you purchase $100, Coinbase will automatically give you a gift of $10 in Bitcoins.
The buying cryptocurrencies process on Coinbase is simple and it probably won’t take you more than 10 minutes!
How fast, safe and easy is it to buy Bitcoin or other cryptocurrencies on Coinbase?
There are many stock exchanges and exchange offices offering to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, etc., but Coinbase is distinguished by low fees, high security, positive reviews and the ability to buy cryptocurrencies for many fiat currencies using a bank card (credit or debit card). Thanks to that you can buy or invest in Bitcoin or other cryptocurrencies very quickly or even instantly.
A few words about the Coinbase.com exchange
Coinbase is a fully regulated stock exchange based on California regulations, which facilitates the purchase of cryptocurrencies in an easy, fast, safe and convenient way (the possibility of payment by credit cards, debit cards, transfers and withdrawals to Paypal).
Opinions on Coinbase
Coinbase is one of the largest crypto stock exchanges in the world. It serves millions of users and throughout the entire period of operation has gathered a lot of great reviews. Of course, there are some negative opinions, but you can see that the positive ones prevail. As you know, Coinbase is one of the largest stock exchanges and serves millions of users, even if there are negative opinions, the vast majority of them are positive.
Purchase cryptocurrencies on Coinbase
Although you can buy cryptocurrencies from Coinbase.com, we think that using the mobile app created by Coinbase is a little easier. Of course, if you want to buy or invest using a computer, nothing stands in your way.
Here are the steps to show you how to get started in order to buy cryptocurrencies in an easy and fast way.
Download the Coinbase app and create a new account (2 minutes)
Verify your phone number, payment method (e.g. credit card, debit card) and identity (5 minutes)
Buy Bitcoin / Bitcoin Cash / Ethereum / Litecoin / Ethereum Classis / Zcash / Bat / Stellar / XRP (1 minute)
You ready to go? Let’s get started.
Step 1: Create a Coinbase account
This is the part where we download, install and configure Coinbase mobile application for the first time. You only need to do it once.
Android users: Download Coinbase via Google Play here.
iPhone users: Download Coinbase via iTunes here.
After installing the app on your mobile device it’s time to create an account. Fill out the form, click on “Sign Up”, then click on the verification link sent to your email address. Ready! Account created!
Step 2: One-time verification
This is the part where we prove we have our phone number, payment method and identity. This also has to be done only once.
-Enter the verification code sent to your phone by text message.
-Take pictures of your identity document – front and back (driving licence or ID card). You will then have to wait until Coinbase accepts your photos. The approval usually takes only 2 minutes and is safe.
Step 3: Buy crypto
This is the part where we use Coinbase to purchase cryptocurrencies.
Bitcoin, Ethereum, Litecoin and Bitcoin Cash are cryptocurrencies that you can buy with Coinbase. Which one should you buy? It’s up to you. You can buy crypto on Coinbase for investment purposes or to make transfers. According to many experts, the best cryptocurrency for an investment is Bitcoin.
Coinbase is certainly a trusted exchange. Opinions about it are usually positive. Costs and commissions are relatively low, and it offers an additional $10 free of charge when you register for the first time. Verification is fast and secure. According to many users it only takes 2 minutes.