Here's a step-by-step guide on how to buy Bitcoin using Coinbase
Step 1: Sign Up for Coinbase
- Visit Coinbase: Go to Coinbase’s website.
- Create an Account: Click on “Get Started” and fill in the required details (name, email, password).
- Verify Email: Check your email for a verification link and follow the instructions to verify your email address.
Step 2: Complete Identity Verification
- Log In: Log in to your Coinbase account.
- Provide ID: Go to the “Settings” section, then “Identity Verification,” and upload the required identification documents (e.g., passport, driver’s license).
- Set Up Two-Factor Authentication (2FA): Enable 2FA for added security in the “Security” settings.
Step 3: Link a Payment Method
- Go to Payment Methods: Navigate to “Settings” and then “Payment Methods.”
- Add a Payment Method: Click on “Add a Payment Method” and choose your preferred option (bank account, debit/credit card).
- Enter Payment Details: Follow the prompts to enter your payment details and complete the verification process if required.
Step 4: Deposit Funds
- Go to Buy/Sell: On the Coinbase dashboard, click on the “Buy/Sell” button.
- Select Currency: Choose Bitcoin (BTC) from the list of available cryptocurrencies.
- Enter Amount: Specify the amount of Bitcoin you want to buy or the amount of fiat currency (e.g., USD) you want to spend.
- Select Payment Method: Choose your linked payment method.
Step 5: Buy Bitcoin
- Review Purchase: Review the transaction details, including the amount of Bitcoin you will receive and any fees.
- Confirm Purchase: Click on “Buy Now” to complete the transaction.
- Receive Bitcoin: The Bitcoin will be credited to your Coinbase wallet.
Step 6: Transfer Bitcoin to Your Personal Wallet (Optional but Recommended)
- Go to Accounts: Navigate to the “Accounts” section in Coinbase.
- Select Bitcoin Wallet: Click on your Bitcoin wallet.
- Click on Send: Click the “Send” button.
- Enter Wallet Address: Enter the address of your personal Bitcoin wallet (this address can be found in your personal wallet app).
- Enter Amount: Specify the amount of Bitcoin you want to transfer.
- Confirm Transfer: Review the details and confirm the transaction.