Bitcoin is increasingly seen as a strong store of value, and a there are a range of different ways you can take advantage of its big swings in price to generate some profit for yourself, or create a digital nest egg for the future. But futures and ETFs aside, if you want to own your own Bitcoin, and follow the mantra of"Not your keys, not your coins," then you'll need to buy Bitcoin directly.
There are a wide range of Bitcoin and cryptocurrency trading exchanges, but for the benefit of this article, we'll be using Coinbase, which is arguably the most popular and beginner-friendly of the exchanges. It has had some issues with outages during peak trading times, but it is a well established company that's been trading for close to 12 years, and it is headquartered in the U.S., so it does have some real oversight.
Note: You can also complete this process within the Coinbase app. The process is much the same, just with a different interface. Step 4: Add your personal information, like first and last name, date of birth, and address. These should match those on your government ID that you'll be using to verify your identity shortly.Step 5: Complete identity registration. This is different depending on the country you live in, but typically for U.S. customers involves comparing a photo of yourself with a government issued ID, like a driver's license, passport, or green card.
Step 1: Login to Coinbase and select the blue Deposit button at the top of the page, or within the app. Step 6: The money will then begin transferring. It's usually fairly instant, but can take up to 24 hours depending on you, your account, your bank, and a range of other factors. If it doesn't arrive after 24 hours, contact Coinbase support.
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