Buy Crypto
Let’s Buy Crypto with Coinbase
There are loads of platforms to purchase cryptocurrencies on, however, for your very first time, I’ve found Coinbase to be the most user-friendly.
Coinbase is a trading platform that allows users to buy, sell and store more than 30 different digital currencies. Coinbase is more geared towards beginners while Coinbase Pro, the premium service, is for avid and experienced traders who make high volume transactions and want more trading options.
Open a Coinbase account & Buy Crypto
Opening a Coinbase account is pretty straightforward. You’ll need a government-issued photo ID, as well as information like your phone number and the last four digits of your Social Security number. Also be ready to answer questions about what you’ll use the platform for. When choosing a password, use proper cyber hygiene — like a unique password you haven’t seen elsewhere and multi-factor authentication — to avoid hackers getting ahold of your account.
Before you begin trading, you’ll need to attach a payment method to your Coinbase account. In the U.S., you can use a bank account, debit card, wire transfer or PayPal account (you can’t currently sell digital currency using a PayPal account, but you can make withdrawals).
Once you have your digital wallet set up, you’re ready to trade. Coinbase doesn’t offer trading for all cryptocurrencies, but the exchange does regularly add new coins.
Once the setup is complete, navigate to the “Trade” tab from the menu. There you can explore different currencies, view the current price as well as buy that crypto. To BUY, navigate to the crypto of your choice, click the trade button and then “select purchase with cash.” You can also convert other Cryptocurrencies to the Currency of your choice. After that, simply follow the instructions and after a few minutes, you should see your crypto purchase on your “Assets” Tab.