With Coinbase
Enhanced with Gemini, by Google.
Enhanced with Gemini, by Google.
Head to the Coinbase website or download the Coinbase app.
Sign up for a new account, providing your email address, creating a password, and verifying your identity with a valid ID (driver's license, passport, etc.).
Once verified, you'll need to link a payment method to your Coinbase account. Coinbase accepts various options depending on your region, including bank accounts, debit cards, wire transfers, and some digital wallets.
Coinbase offers a variety of cryptocurrencies for purchase. You can browse their selection and choose the one you're interested in buying (e.g., Bitcoin, Ethereum, etc.).
Decide how much cryptocurrency you want to buy. You can choose to buy a specific amount of currency or enter a dollar amount and see how much crypto you'll receive for that amount.
Coinbase will display a preview of your purchase, including the amount of cryptocurrency, total price with any fees, and the payment method you'll be using.
Carefully review the details before confirming your purchase.
Once you confirm, Coinbase will process your transaction. Depending on your chosen payment method, the speed of this process may vary. Bank transfers typically take longer than debit card purchases.
Upon successful purchase, your cryptocurrency will be deposited into your Coinbase wallet. This is a hot wallet, meaning it's connected to the internet. For long-term holdings, some users prefer transferring their crypto to a more secure cold wallet (separate hardware device).
Coinbase charges fees for transactions, so be sure to factor those into your purchase decision.
You may encounter verification steps during the signup or purchase process, depending on your location and regulations.
Coinbase offers educational resources and tutorials within their platform to help you learn more about cryptocurrencies and trading.