I have a coinbase account and have made very light purchases in crypto.
I would like to buy at least two bitcoin at this point.
Is coinbase a safe place to do that?
Many of the largest exchanges will usually offer a relatively “safe” experience, however as soon as you purchase it is good practice to immediately withdraw your Bitcoin balance to your own personal wallet (where only you know the private keys).
I use Kraken for over a while now, plus they’ve got support chat when I needed help. there’s not other exchange I trust more since they are said to be very security minded… I’ve not regretted my decision.
Since you already have a coinbase account, log in to http://pro.coinbase.com and deposit funds into your account with an ACH bank transfer (no cost, but takes a little time to clear).
I am having trouble buying bitcoin online because I am sick of paying such high fees at bitcoin atm’s. I am looking to buy bitcoin to use on international betting sites such as bovada and betonline but these sites do not accept my chase debit card.
Lets say I wanted to buy 3-4 bitcoins and HODL on to them for a while (for investment vs speculation).
That’s a nice chunk of USD these days.
I don’t trust Coinbase and their fees on that amount can suck it.
Robinhood is without fees and great for speculation but at present, you can’t transfer your coins to a wallet. What exchanges would you recommend to acquire a few bitcoins at low cost/fees?
If you don’t have your secret key you don’t own the Bitcoin. Just saying…
Cash app only lets you deposit $2500 USD per week. It would take OP months to buy 3 BTC
We really need bitcoin to be sold like crack in the 90s in America.
Just go hit the corner and head into the alley to get your stuff.
There needs to be an app for that.
Deposit some to celsius.network and get like 6%-10% interest on your bitcoins that you are hodling.
i tried coinbase but their support was pretty much nonexistant, using coinmama.com now and they actually respond when i need help
android – https://play.google.com/store/apps/details?id=com.squareup.cash&referrer=utm_source%3Dcash-web-bitcoin%26utm_medium%3Dweb
Cointree has been my go to exchange, so simple to use, good rates, lots of altcoins to choose from and fast customer support.
It depends on the country you live.
I use Coinify in Guarda wallet, but it’s for EU only.
You can also try Indacoin or CEX, for example.
By the way, ChangeNOW partners with Indacoin, so you can buy any coins right away.
if you buy btc on there do you have to wait a certain amount of time before transferring it to another wallet?
A good option for UK/European customers is CoinCorner.
So I’ll admit, I’m somewhat new to this.
I did know about bitcoin when it was $400 though, but it’s hard to convince your parents to let you invest in virtual internet money when youre 14 lol. I believe that bitcoin is going to keep rising from the point it’s at now. I looked around for the lowest fees to buying bitcoin and figure coinbase pro would be the cheapest/best. Its telling me that I would need to wait 2-3 days to verify my bank account and then 3-5 days for the transfer. I’m thinking now it might be better to eat a somewhat higher fee in order to get in faster (from all my investing knowledge gosh I know how stupid this sounds but bear with me).
Pretty much what the title says.
I would like to have the BTC available to spend asap for a temporary discounted rate sale when using crypto.
Fees aren’t a big deal to me since any reasonable fee would be less than the discount.
Gemini let’s me deposit up to $1000/day to instantly make trades with.
Even before it fully clears my bank account.
Gemini’s fee is 1%.
That’s making trades.
How soon can you spend it though.
I can’t find any information on their site about how soon you can transfer bitcoin to an external wallet after making a deposit. Don’t really want to sign up for a 10th account only to find out that Gemini also doesn’t allow transfers until you’ve held the bitcoin in your account for a couple weeks. All these investing platforms make spending your bitcoin same day as purchase impossible.
If you’re in the US, I’d suggest using Square’s Cash App.
So just realized that I can’t use my credit card to make a purchase, and to do an etransfer will require a lengthy process in certain exchanges. I also saw some sites have ridiculous fees.
What are other regular traders doing in Canada to beat the ban banks have put on us and bypass some places with high fees? I’m looking to buy crypto with fiat at the most efficient way possible.
I’ve been using ndax to buy crypto for a month now with e transfers. very easy to get verified, you just need to confirm your cellphone number. plus their rates are much better for buying then quadrigacx.
Ok so I’m looking to get about £530 worth of bitcoin which is about 0.11 bitcoin. I have the money on my card, and wondered what the best website would be to buy these bitcoin and put them into my wallet. Is there any precautions I have to take to make sure I don’t get mugged off and it’s all safe. Thanks for any feedback
This! Just be sure to create your own wallet and keep your funds safu after you acquire it 🙂
Ask around your communities to see if anyone has Bitcoin that they want to sell to you. Alternately, find some local Bitcoin groups and attend a meetup or something.
Ok thank you, this is what we usually do, but our mate currently has no bitcoin and we need some now, so gonna have to buy some
Easiest is just to buy on coinbase.
So, I bought my first $300 of crypto currency recently from coinbase. (I know, they are awful) I initially attempted to buy via a debit card, but despite having a level 3 account, Coinbase limits these transactions to $50/week with a rediculous fee which wasn’t going to do it for me.
So I spent a couple days verifying a bank account and successfully bought the crypto. While I can trade just fine within coinbase, I cannot transfer the coins to an external wallet for 18 days while the funds just sit in my bank. There has got to be a faster way of doing this.