how to buy bitcoin on coinbase with bank account

To purchase Bitcoin on Coinbase via your bank account, set up an account, verify your identity, link your bank details, select the amount you wish to buy, review the transaction details, and confirm your purchase.

Nov 04, 2024 at 10:00 am

How to Buy Bitcoin on Coinbase with a Bank Account

Step 1: Create a Coinbase Account

Go to Coinbase.com and click "Get Started".
Provide your email address, create a password, and verify your email address.

Step 2: Verify Your Identity

Provide your full name, address, date of birth, and Social Security Number.
Upload a government-issued photo ID (e.g., driver's license, passport).

Step 3: Link Your Bank Account

Click "Payment Methods" and select "Bank Account".
Enter your bank details and verify your account via Plaid or a small deposit.

Step 4: Purchase Bitcoin

Go to the "Buy/Sell" page and select "Bitcoin".
Enter the amount of Bitcoin you want to purchase.
Select "Bank Account" as the payment method.
Review the transaction details and confirm your purchase.

Step 5: Store Your Bitcoin

Your Bitcoin will be stored securely in your Coinbase wallet.
You can also transfer it to a hardware wallet for enhanced security.

Additional Tips:

Set up recurring buys: You can purchase Bitcoin on a regular basis (e.g., monthly or weekly) to take advantage of dollar-cost averaging.
Use a limit order: If you want to buy Bitcoin at a specific price, you can create a limit order that will automatically execute when the market reaches your desired price.
Consider the fees: Coinbase charges a fee for each Bitcoin purchase. The fee varies depending on the payment method and the size of the transaction.
Monitor the market: Keep an eye on the Bitcoin price to make informed decisions about when to buy and sell.

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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

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