How to Buy Bitcoin on Coinbase Mobile App
Download and Install the Coinbase App
- Go to the App Store (for iOS) or Google Play Store (for Android).
- Search for “Coinbase” and download the app.
Create an Account or Log In
- Open the app and choose “Sign Up” if you’re a new user. Enter your email address, create a password, and provide your phone number.
- Verify your email and phone number by following the instructions sent to you.
- If you already have an account, tap “Log In” and enter your credentials.
Complete Identity Verification
- Coinbase requires identity verification for security and regulatory reasons.
- Follow the on-screen instructions to upload a photo of your ID and a selfie. This step helps confirm your identity.
Add a Payment Method
- Once your identity is verified, navigate to the “Settings” section and select “Payment Methods.”
- Choose to add a bank account, debit card, or credit card. Follow the prompts to link your payment method to your Coinbase account.
Deposit Funds into Your Account
- Go to the “Portfolio” tab and select “Add Funds” or “Deposit.”
- Choose the payment method you added and specify the amount you want to deposit into your Coinbase account.
Buy Bitcoin
- Navigate to the “Trade” tab or tap the “Buy” button on the main screen.
- Select Bitcoin from the list of cryptocurrencies.
- Enter the amount of Bitcoin you want to purchase or the amount of fiat currency you want to spend.
- Review the transaction details, including fees, and confirm the purchase.
Secure Your Investment
- After purchasing Bitcoin, it’s essential to secure your investment.
- Set up two-factor authentication (2FA) in the app’s settings to add an extra layer of security.
- Consider transferring your Bitcoin to a secure wallet for added protection.
Monitor Your Investment
- Keep track of your Bitcoin holdings and market trends through the Coinbase app.
- Use the app’s features to set price alerts and stay informed about market movements.
Additional Tips:
- Fees: Be aware of transaction fees on Coinbase, which can vary depending on the payment method and transaction size.
- Market Orders vs. Limit Orders: Understand the difference between market and limit orders to make informed trading decisions.
Following these steps will help you buy Bitcoin on the Coinbase mobile app efficiently and securely.
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