Coinbase cryptocurrency service is in no doubt known as the most popular Bitcoin exchanges in the world, which have been in place since the year 2012. With its easy user interface, you rest assured to make purchases on Bitcoin as swiftly as possible. One interesting thing about this service is the fact that there’s no deposit fee required for you to change your currency into an exchange. So, therefore, all you need to know how to buy Bitcoin on Coinbase have been detailed for you here.
One thing you need to be aware of when trying to buy Bitcoin with Coinbase is the fact that you’ll need to pay an amount as a tax based on any profits of above $20,000 were made. This is simply as a result of Coinbase’s affiliation with the United States financial authorities which supports a tax on Bitcoin purchase. Irrespective of the fact that you cannot be able to make use of your credit card once you’re in the US, there’s still an assurance from the service of you to make use of your debit card once you want to engage in a purchase.
Upon your sign up process for this service, you’ll need to easily navigate to the user interface, and then confirm your account identification by uploading your photo ID. Depending on your accounts verification level, you will be able to purchase different amounts of cryptocurrency on daily basis.
The fee rate has been charged by this cryptocurrency service is quite low compared to Coinmama and stands at a 3.99% rate. Although the purchasing limit of this service is quite low if you decide to make use of a card. On your daily purchase, you’ll be charged a fee ranging to $50,000 prior to your verification.
Steps to Buy Bitcoin on Coinbase
Now read below so you could follow the steps provided for you below and see you can be able to buy Bitcoin on Coinbase.
- The first thing to do is to create an account on Coinbase and then confirm your email address.
- The next step is where Coinbase will have to send a code to you, all you need do is to type the code being sent to confirm your mobile number.
- You’ll then have to fill in your required information so as to verify your identification.
- Once you’re through, you’ll homepage will then be opened for you. Then go to the settings navigation bar and click on “Link a new account” in order for you to choose the payment method you want to link.
- Once you’ve linked the account successfully, you’ll be notified that you’re certainly ready to purchase a Bitcoin.
- After that, you’ll then have to click on the “Buy/sell” navigation icon to continue. To process this, just input the amount you want to purchase with and click on “Buy”
- Finally, you’ll then be sent a notified that you have successfully bought a Bitcoin.
Now that’s just how easy it’s been done!
If you want to visit the site then click the Coinbase to redirect your to the official website now.
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