Follow this step-by-step guide for the easiest way to buy Bitcoin – using screenshots and pictures. In this guide we will explain you how you can do it using Coinbase. You can buy your first Bitcoin or even a fraction of a Bitcoin in 10 minutes.
The process is very easy and in five minutes you can have a Coinbase account.
Begin by signing up using this link – we both get $10 worth of free Bitcoin when you buy $100 worth. Hit the Sign Up button on the top right corner of the screen.
Create your account by providing the information required, name, surname, e-mail address, and a password.
In order to have full access to your account you will have to confirm your email address, add your phone-number, verify your identity, and add a payment method. This will let you withdraw and deposit more funds, and will let you have advanced security features.
Confirming your email address is the easiest thing you will be required to do. Most of the platforms ask a confirmation via email.
The phone number is vey important if you want to use Coinbase. It is the direct contact you will have with the platform in case you have problems with your account. At the same time, it will provide you with security features like 2-factor-authentication.
The identity confirmation is also an important procedure for Coinbase. It is needed in order to comply with Know Your Customer (KYC) policies requested by the regulatory authorities. If you do not want to provide your personal information, then, you will not be able to fully use Coinbase’s account.
Once you have fulfilled all these steps, you will be able to Bitcoin and raise the transactional limits.
You’ll also want to setup secure authentication to login.
While you are logged in, scroll to the top of the home page. Click on “Buy/Sell”. A screen with the following appearance will appear:
You can specify a US dollar amount or Bitcoin amount. Whatever you want. The website will display the amount of BTC you would receive for that amount. In this example, the purchase is for $1000 of Bitcoin. This was equivalent to 0.11757679 BTC at the time.
For a faster purchase, use a credit card – this may result in a cash advance fee from your credit card as well. You can also buy with a ACH bank transfer and avoid some of the fees.
Click on “Confirm Buy”. You will then see a green check indicating that the purchase was successful.
Return to the dashboard and there will be a summary of the account and your activity, including the recent purchase of Bitcoin.
The platform allows you to configure this type of recurring transaction directly from your control panel if you wish. Simply check the “Repeat this buy” box on the Buy/Sell page and choose the frequency of your recurring purchase.
Note: Coinbase also offers sales of Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).