Coinbase is a virtual wallet in which we can deposit, save, send, receive and buy in different platforms or businesses with Bitcoin from anywhere in the world with very low or no commission, sending money from one side to another, buy in portals, stores, and that they charge us big commissions or that the country in which we find ourselves does not admit dollars is over, now with Bitcoin and the purses we are going to make everything much easier.
- 1 How to Buy BTC from Coinbase?
- 2 Things you should know before using Coinbase
- 3 How to buy Bitcoins with Coinbase
- 4 How to buy Altcoins with Coinbase
How to Buy BTC from Coinbase?
It is easy, safe and fast.
- Create an account at Coinbase.
- Confirm your identity by uploading the requested documents (photo of passport, for instance).
- Add a payment method. For example credit card or bank transfer.
- Choose which cryptocurrency you are buying. (E.g. Bitcoin, Ethereum, Ripple, DASH, EOS, ADA, BNB, NEO or VET)
- Choose how much crypto you are byuing.
- Confirm the purchase.
This portal was founded in 2012 by Fred Ehrsam and Brian Armstrong, current CEO of the company. It is headquartered in San Francisco (California) and has been coming from less to more due to the large capital investments of investment groups such as 5 million euros received at the beginning of 2013 by “Union Square Ventures” or the 25 million received at the end of that year by other major groups such as Andreessen Horowitz, Union Square Ventures and Ribbit capitals, or even 75 million euros received by the New York securities company along with several banks that decided to bet on this project, one of them was the BBVA well known here in Spain.
Coinbase in a nutshell
- Works perfectly in Europe and the United States.
- Languages: Spanish, English, French, Italian, German, Dutch and Portuguese.
- Purchase of Bitcoin by bank transfer has no commission (Consult your bank to see the commissions that might apply to your transfers)
- Purchase of Bitcoin by Visa or MasterCard, 3% commission and instant purchase.
- Withdrawal of balance through Bank Transfer, Coinbase does not charge commission, (Consult your bank to see the commissions he applies to your transfers) or transfers to other purses.
- Buy and Sell Bitcoin with the money you have in Coinbase commission 1%
- No commission between purses
Things you should know before using Coinbase
In which countries does Coinbase work?
Coinbase offers its brokerage services in the United States, Europe, United Kingdom, Canada, Australia, and Singapore. Countries in Europe where you can use Coinbase:
Spain, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Sweden, Switzerland.
How fast does Coinbase send Bitcoins?
The time it takes Bitcoins to get to your wallet and be available to use, will depend on the country where you are located and the method of payment used.
Coinbase in the United States
Credit/debit card: if a credit or debit card is used, the Bitcoins delivery is instantaneous once the verification of the identification has been completed.
Bank transfer: US customers UU They will receive their Bitcoins within five business days of placing an order when using the bank transfer. The “instant purchase” is possible if a credit card is added to the account, as a backup payment method.
The instant purchase will allow fully verified users; buy up to $ 1,000 in Bitcoins per week. The users of Level 2, of instantaneous purchase, can buy instantly up to 100 dollars in Bitcoin per week.
Can you buy Bitcoins with PayPal in Coinbase?
Coinbase does not accept PayPal. Coinbase only accepts the payment methods mentioned above.
Coinbase is a regulated company and holds licenses in all the districts in which it operates. It is backed by major US investors. UU and it is not a scam. Therefore, it is safe to link your bank account, but that does not mean that you should store Bitcoins with Coinbase.
Are there cash advance fees to buy Bitcoins in Coinbase with a credit card?
Buying Bitcoins in Coinbase should not generate any fee for cash advances. If this happens, you can contact to Coinbase support.
How to buy Bitcoins with Coinbase
Coinbase allows you to buy Bitcoins instantly with a credit or debit card. Below are step-by-step instructions to help make the purchase process easier for you.
1. Create an account in Coinbase
Go to Coinbase.com and create your account. Once you create an account, confirm your personal information and log in. You may be asked to upload an identification scan. Once you have logged in, continue with the next step.
Go to the upper right corner and click on its name. There must be a drop-down menu where you can click on “Settings”. Then, click on Payment methods in the menu at the top. Click on Add Payment Method on the right side, to enter your payment method.
3. Click on “Credit / Debit Card”
You will be taken further to add your credit card information.
4.- Enter your credit/debit card information
Please note that Coinbase only accepts Visa / MasterCard credit/debit cards at this time.
You will see a notification of a confirmation. If so, your credit/debit card has been added correctly!
6. Buy Bitcoins
Enter the amount you want to buy and click “Buy Bitcoin Instantly.” Your coins will be delivered to your Coinbase wallet!
How to buy Altcoins with Coinbase
In this article, we will explain how to buy Altcoins with Bitcoin or Ethereum. To do this you just have to find what exchange operates with the Altcoins you want to buy, send your BTCs or ETHs and once your money arrives you can buy them. If you do not have any exchange preferences, then you are advised to use a platform like Binance,
The first thing you should know is that there are cryptocurrencies that cannot be bought with euros or dollars. The only way to acquire them is with another cryptocurrency. In general, you can buy any currency with Bitcoin or Ethereum. The purchase process should be to acquire Bitcoin or Ethereum in a currency exchange house and then send it to the exchange to buy other currencies. This is the case of altcoin. You must transfer your Bitcoins from Coinbase to Binance so you can buy the altcoin.