FAQs

Disclaimer: This Website is NOT offering any financial advice.

Note: Coinbase referral link: https://www.coinbase.com/join/5872a2c675d36c11664c5d4f

1.  How can I buy my first cryptocurrency?

Answer: If you are in US, you can buy cryptocurrencies with USD through Coinbase. If you live in the other countries, check this list: https://www.bestbitcoinexchange.io/ 

2.  Is safe to buy Bitcoin from Coinbase?

Answer: Yes.

3.  What kind of cryptocurrencies can I buy from Coinbase?

Answer: As of 01/11/2018, Coinbase offers Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

4.  Is Coinbase an exchange that I can sell and buy crytocurrencies?

Answer: Coinbase is a “store” to let users to buy cryptocurrencies, and you can also sell cryptocurriecies back to Coinbase. In addition, the same company does offer an exchange GDAX for all users to exchange (buy/sell) their listed cryptocurrencies withe limit/market orders.

5.  What type of payments does Coinbase accept?

Answer: Credit Card (with small limit), Bank Transfer (with medium limit) – 5 business days, Wire Transfer (with large limit) – 1 day.

6.  Does Coinbase charge any fees when I sign up?

Answer: No.

7.  Does Coinbase charge any fees when I purchase crypto currencies?

Answer: Yes.

8.  How can I lower my fee to buy crypto currencies through Coinbase?

Answer: With a little more work,  you can save a bit fee by doing the following steps:

  • Deposit USD to your Coinbase account through the payment system.
  • Login to GDAX and click on “Deposit” button, and select “Coinbase Account”, then select “USD Wallet” as source to transfer your fund from Coinbase. 
  • Click on “Deposit funds” to complete transaction.
  • The fund should be deposit to your GDAX instantly. Note: This deposit transaction does NOT cost you any fees.
  • Now you can use the money to buy your choices of cryptocurrencies at market price, or limit order; likewise, you can also sell your cryptocurrencies

9.  Is there an easy place for me to check price for all cryptocurrencies?

Answer: Yes, https://coinmarketcap.com

10.  It appears a lot of crptocurrencies, where can I buy those other than Bitcoin, Ethereum, Litecoin?

Answer: There are a lot of exchanges, and recommended ones are: Bittrex and Binance.

Note: 01/18/2018 It appears that both exchanges are not accepting new registration due to huge influx of new applications. Here are some other exchanges you might want to consider:

Kucoin

Gate.io

11.  How do I buy other cryptocurrencies from Bittrex and Binance?

Answer: