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How to Buy Bitcoin on Coinbase – What You Need to Know
Coinbase is an online platform that allows users to buy, sell, transfer, and store cryptocurrency.
It is known particularly for being reliable and comprehensive, offering users various features to make the most of their investment.
You can use Coinbase to buy different types of crypto, including Bitcoin.
Therefore, this article is a guide on how to buy Bitcoin on Coinbase using the web browser on your computer or on the Coinbase mobile application.
So, let’s get into it.
How to Buy Bitcoin on Coinbase via the Web Browser
Here are the steps for buying Bitcoin on Coinbase via the web browser on your computer.
Create an Account on Coinbase
You will need to create an account on Coinbase to start using its services.
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You can visit the website for this step, and it’s quick and intuitive.
Moreover, Coinbase ensures users that the platform is designed to keep their personal information secure.
Also, this step is the same for both the web browser and the mobile app.
Verify Your Identity
One important step that Coinbase takes to keep your information secure is to require identity verification.
Thus, you will need to provide a photo ID to verify it’s you who has made and wishes to use this account.
Open Up Coinbase
Once your account is made and verified, log into it.
After that, you’ll see an option on the upper right-hand corner of the page called “Buy/Sell.” Click on that.
Select Bitcoin as the Asset You Want to Buy
A window will open after you click the “Buy/Sell” option.
There, you’ll find three options at the top of the window: “buy,” “sell,” and “convert.”
By default, the window will open on the “buy” option, but it’s to check before you proceed.
Next, click on the first option beside the text “buy” to select Bitcoin as the asset you want to buy.
You’ll find a number of other types of cryptocurrencies in this drop-down list.
So, you can follow the same steps in this article to purchase another crypto.
Input the Amount
You can input an amount in dollars or your local currency, which is denominated in Bitcoin.
You can then select the option below it to set whether you want to buy Bitcoin on Coinbase as a one-time purchase or a recurring one.
If you choose a recurring purchase, you can pick how often Coinbase will automatically buy Bitcoin for you.
You can cancel a recurring purchase at any time.
Pick Your Payment Method
You can use either your debit card or input your bank details to buy crypto on Coinbase.
Preview Your Purchase
Coinbase includes an option called “Preview Buy” on this window.
You can click this option to take a look at all of the details about your purchase.
If there’s something that isn’t correct, you can press the back arrow on the window (not on your web browser) to go back to the page where you choose your crypto and input the amount.
Make Your Purchase
After double-checking all of the details of your purchase through the preview option, you can make your purchase by clicking on the “Buy” option.
After that, the purchase will be completed through the web browser.
How to Buy Bitcoin on Coinbase via the Mobile App
The process of buying crypto on Coinbase via the mobile app is similar to that on the web browser, but it’s best to be well-informed about it so that you can make a purchase without doubts.
The advantage of using the mobile app is that you can buy your crypto even when you’re traveling.
Overall, it’s more convenient because you don’t have to access your laptop or desktop.
With that said, here’s how to buy Bitcoin on Coinbase if you’re using a mobile device.
Select the Correct Option
The mobile app doesn’t have a “Buy/Sell” option that you need to select.
Instead, there’s a blue button at the bottom of the screen.
This blue button has two arrows in white within it.
Also, each arrow is facing a different end.
You will need to select the “Buy” option to start.
Select Bitcoin as the Asset You Want to Buy
There, you’ll get to pick the asset you want to buy.
So, select Bitcoin.
Input Your Amount
After you select Bitcoin, your app will open up a page with a number pad where you can input the amount of money that you wish to spend to buy Bitcoin.
At the top of the screen, you’ll see a black heading that says “Buy Bitcoin.”
Under it, there’s an arrow pointing down that allows you to choose whether you want this to be a one-time purchase or a recurring one.
You can also select the frequency of the recurring purchases.
Preview Your Purchase
Like with the desktop version, you can preview your purchase before you buy Bitcoin on Coinbase via the “Preview Buy” option.
Press the back arrow if you want to change some details.
Finalize Your Purchase
You can press the “Buy Now” option if the details are correct and you want to finalize your purchase.
Last Few Words
Now that you know how to buy Bitcoin on Coinbase, you can amass a considerable saving in crypto.
You also don’t need to put in a lot of money to buy Bitcoin or other cryptocurrencies on Coinbase.
So, the minimum amount of buying and selling all types of cryptocurrencies on this platform is 2.00 of crypto, denominated in your currency.
Once you make your purchase, ensure that you keep your private key safe so that your investment is protected.
This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links at no cost to you. Please read my disclosure for more info. Clicking any of the links on this website does not increase the cost or affect the price for any item you purchased. Our main purpose is for informational purpose and not for just earning 🙏
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