The Easiest Way to Buy Bitcoin
Coinbase is the world’s largest Bitcoin broker to-date and while there are other options – all of which we’ve used – it is by far the easiest for beginners. That said, there is a process to follow for getting identity verification documents uploaded but once your account is verified, connecting a bank account or using a debit card is an easy operation. The interface is user-friendly and will closely resemble your online banking platforms. Visa and MasterCard debit cards can be used to buy, but prepaid cards are not accepted.
Got Bitcoin – Now What?
When new to buying cryptocurrency, starting with Coinbase and graduating to other platforms like CoinbasePro, Square Cash or Robinhood can follow. You can choose to trade your Bitcoin, or just hodl it as a future investment – the need to secure it is the same for all options.
What is Coinbase Pro?
As with ANY exchange, do not store your digital assets on Coinbase or Coinbase Pro long-term. You do not hold the private keys to your coins when they are stored on an exchange – the exchange does!
What is Square Cash?
Once again – Square holds Bitcoin on your behalf. In other words, you do not hold the private keys to your Bitcoin! You have access to sell or withdraw your Bitcoin as indicated in the App.
What is Robinhood?
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