Buying Bitcoin

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?

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A trading platform with real-time order books, charting tools, trade history, and a simple order process specifically for individual traders. You need to have a Coinbase account in order to have a “Pro” account. Coinbase Pro charges 0% for maker orders and 0.30% for taker orders. This means you can trade without incurring fees once you learn the difference between a “maker” and a “taker” order.

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?

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Cash App is a mobile payment service developed by Square, Inc., that allows users to transfer money to one another using a mobile phone app. Buying and selling Bitcoin through the Cash App is currently available to all Cash users except those located in Georgia, Wyoming or Hawaii.

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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Robinhood lets you learn to invest in the stock or cryptocurrency market for free, it’s fast and simple. Bitcoin and Ethereum trading is now available in Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin.

Other Resources

Buying Options

Review all the buying options available for acquiring Bitcoin.

Signal Service

Explore the option to trade using signal services from expert traders.

Coin Market Cap

Cryptocurrency price and market cap rankings live feed.

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