How To Buy Bitcoin and Ethereum

Learn how to buy Bitcoin (BTC), Ethereum (ETH) or other crypto such as Solana (SOL) and Link (LINK) with US dollars or your local currency and store it securely in your Coinbase wallet. This page is for beginners.

8/14/20201 min read

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This first step is to sign up and create a Coinbase account. This will give you a secure place to buy your Bitcoin (BTC) or other crypto with US dollars or your local currency. I recommend Coinbase for anyone starting out as it is easy to use and a regulated, publicly traded company.

Use your full name as you have to comply with banking regulatory requirements.

Using my invite below and by starting with $100 you will receive an additional free $10!

Secure your account

Log in to Coinbase by choosing a strong password and keep it safe. Then enable 2-factor authentication (2FA) to increase the security of your account. This is a must and is an addition to your password. Coinbase uses the Microsoft authenticator app for 2FA for iOS and Android.

Connect Your Bank Account

After you sign up, connect your bank account, Paypal, or debit/credit card. You'll need to complete identification verification steps by sharing copies of your government ID, such as a passport or driver's license.

Once the verification steps are complete, you can start to buy Bitcoin (BTC) or other crypto.

Bank account transfers are best due as they are free, while other method fees range from 1.49% to 3.99%.

Buy and Sell Bitcoin

After starting your first purchase, your Bitcoin (BTC) or other crypto will be sent to your Coinbase wallet.

Dependent on amount the transaction may be pending until the payment is cleared.

Sells work the same way but in reverse.

The prices changes over time, so check the exchange rate with Coinbase before you buy or sell.

Consider setting up a reoccurring buy, dollar cost averaging, to reduce price entry risk over time.

You can buy and trade fractions of a Bitcoin (BTC) also known as a Satoshi.

Avoid Bitcoin Cash (BCH) as it simply is not Bitcoin!

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