Cryptography has become a serious business for investors and fans of making money online. All the more so as the bitcoin, blockchain and cryptocurrency industries are still evolving and will probably surprise us more than once! It is possible to make a lot of money in this field. All it takes is will, a little education and free time.
More than once or twice, we've heard the following questions from novice users:
- How to buy bitcoine ?
- How to start investing in cryptocurrencies?
- Where to buy cryptocurrency?
- How to start exchanging cryptocurrencies?
- What is the best bitcoin exchange and cryptocurrencies?
There are many questions - but it all comes down to one - how and where to buy cryptocurrency. In this guide, we answer all these questions.
1. Registration on the cryptocurrency exchange
The first thing you need to do to start and buy cryptocurrencies is to register on the stock exchange. Exchanges are divided into currency-accepting (ie you can deposit in PLN or USD) and trading only in cryptocurrency / cryptocurrency pairs (meaning that you do not deposit zlotys or dollars there).
Coinbase is currently one of the most popular and easiest cryptocurrency swaps to buy and invest in cryptocurrencies, and we encourage you to get started. There are others, but Coinbase has many benefits that are very much appreciated by beginners (including the ability to pay by credit and debit cards, a banal buying process, and a $ 10 free purchase if you buy bitcoins or other cryptocurrencies in excess of $ 100). accounts are a simple process, which we describe below. Here you register as a Coinbase user and use this link to get $ 100 free when buying cryptocurrencies over $ 10.
If you prefer the service in Polish, you can also use the Polish Bitbay exchange. You can read more about Bitbay at this link and if you want to register now, click here . In addition, it is also worth recommending that it is also the most popular Binance cryptocurrency exchange in the world .
Registration in Coinbase
- To buy cryptocurrencies or invest in bitcoin in your chosen web browser, start Coinbase.com ( click ).
- A form appears with the fields Name and Surname, Email Address, and Password . Be sure to use the real name on your passport, ID card or driver's license, as using a pseudonym may delay proof of identity in the future. Please check that your email address is also correct.
- Select Password. Make sure you use a combination of uppercase and lowercase letters and at least one number.
- Check the box " I'm not a robot " and the field below " I certify that I am 18 years of age or older and agree to the User Agreement and Privacy Policy. "
- Click the " Register " button to create a free account.
- A confirmation email will be sent to the email address provided. Visit your inbox and open the email. There should be a confirmation link inside. Clicking on it will open a new browser window that will activate your account on the Coinbase Exchange.
- You will now receive information on the steps required to verify your identity. You can skip this temporarily and do so later, but it's worth doing so because the more information you provide, the more cryptocurrencies you can buy (Coinbase has increasing time and activity limits) and your account is more secure. Verification of identities on stock exchanges is a common and secure process required by most regulators.
Coinbase ID
Coinbase offers several ways to activate your account - after registration and later on the Settings tab> Security Options
Verifying your identity in Coinbase will help you increase your purchase limit (the number of cryptocurrencies you can purchase in one week) and keep your account secure.
Phone Number : Verifying your phone number is a very simple process. You will be asked to select the country where your number is registered and the number itself. After providing this information, Coinbase will send an SMS with the code to. account activation. Enter it and click the Check Phone Number button .
Address : After confirming the phone number, you will be asked to enter your home address. As with any other account information, this is true. The Country field is especially important because it defines what financial services you can use in Coinbase, what currency you can work in, and how much cryptocurrency you can buy or sell.
Verification of documents A: You will be asked to prove your identity by providing copies of government-certified identity documents such as a passport, national ID card and driving license. Remember that your documents are safe and will be deleted after verification. This is a normal process and every buyer / seller of cryptocurrency has gone through it. What's more, not only in cryptocurrency exchange, it is necessary to check the account by scanning documents. This is also a common process for stockbrokers or FOREX brokers - wherever the topic of investing and money trading appears.
While setting up the account, a blue button will appear with the text " Start Scan ". Press it to start the process. After starting the document scan, you can choose between two to three types of documents. Click on the document you want to use. cam in. Keep your ID card in front of webcam and click take a snapshot of the camera picture to do. captured photo preview will be available on the website. If the photo is clear and it is in your face and all needed to identify a document, press Stop and start the validation . If you want to re-photos To do this, press the Take another picture buttontry again. You can try as many times as you want. It may take several hours to several days to verify the document submitted.
Payment options in Coinbase
Coinbase users can use bank transfers as well as credit and debit cards to deposit and withdraw money. The easiest and fastest way to buy bitcoin, etherum or other cryptocurrency is to connect a bank card.
Adding credit or debit card information usually allows you to purchase cryptocurrencies instantly from the Coinbase platform.
What cryptocurrencies can be purchased from Coinbase?
- Bitcoin
- Bitcoin Cash
- Ethereum
- Ethereum Classic
- EOS
- Litecoin
- Zcash
- XRP
- XLM (letter)
- PVT
- 0x
How to buy cryptocurrency from Coinbase
The process of buying cryptocurrencies / investing in Coinbase is very simple. Just go to the " Buy / Sell " tab , select the cryptocurrency and payment method you are interested in, then enter the purchase amount and click the " Buy (cryptocurrency name) immediately " button . For example, when buying Bitcoin - " Buy Bitcoin immediately ".
Free bonus
If you click on this link and buy cryptocurrencies for over $ 100, you get completely free and $ 10 free hooks in bitcoins to do everything you want (withdraw, send, etc.)
What's more, if you recommend the site to a friend, you and your friend will each receive $ 10 - completely free.
Where to store cryptocurrency?
The cryptocurrency world says, "If you don't control your wallet's private keys, it doesn't belong to you." This means that the safest way to keep funds is to put them in your personal wallet. It fits perfectly for the Ledger Nano S purse or a more modern version of the General Ledger Nano X . These are secure devices that look like a flash drive and offer a number of security features that effectively protect against money theft. They are also great for storing smaller amounts of cryptocurrencies in mobile applications or computer programs .
Increasing the Coinbase purchase limit
Coinbase usually limits newly created accounts to a purchase limit. Its purpose is to prevent money laundering and other illegal activities. You can increase your purchase limits by following these steps:
- Fill out your profile: Filling in all your Coinbase account information is the fastest way to increase your purchase limit. This includes adding (and verifying) a phone number and uploading at least one ID.
- Making Regular Purchases: Frequently active Coinbase accounts typically receive increased purchase limits. Try to make one small purchase a week for a month or two.
- Wait: the older the account, the more reliable it is in Coinbase's eyes. Newer accounts usually have an access restriction, while older accounts are eventually restricted.
As you can see, buying cryptocurrencies is not difficult. We hope that after reading this article you will already know the answers to the following questions:
- How to Buy Your First Bitcoin |
- How to start investing in cryptocurrencies
