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?
2. Is safe to buy Bitcoin from Coinbase?
3. What kind of cryptocurrencies can I buy from Coinbase?
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?
7. Does Coinbase charge any fees when I purchase crypto currencies?
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
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:
- Buy some Bitcoin from Coinbase or GDAX with your USD.
- Withdraw your Bitcoin from Coinbase or GDAX , and enter your Bittrex or Binance Bitcoin wallet address.
- Then, follow on screen instruction to complete the transaction.
- Depending on Bitcoin’s mempool, the fund arrival time may vary. Once you receive your fund in your Bittrex and Binance, you can start to trade other cryptocurrencies with Bitcoin.