Tuesday, November 28, 2017

How To Buy Bitcoin Using CoinBase (Coinbase Vs. LocalBitcoins)

I recommend two main ways to buy bitcoin: Coinbase and LocalBitcoin.

Coinbase offers the cheapest methods, but you don't have as many payment methods to choose from as you do with LocalBitcoins. Coinbase is a business, so you're buying coins from a business. It is also centralized. LocalBitcoins, on the other hand, is peer-to-peer, like Craigslist and decentralized.

In a previous post I reviewed how to buy bitcoin using LocalBitcoins. This post will concentrate on buying bitcoin using Coinbase.

https://www.coinbase.com/join/580ba30e22ad273ca0eed2df

Coinbase supports bank transfers, credit cards, debit cards and bank wires. If you want to buy Bitcoin with anything else you should go with LocalBitcoins.

Each method of deposit on Coinbase is relatively easy and straightforward.

If you want to deposit through your bank account, first you need to select the bank:
https://www.coinbase.com/join/580ba30e22ad273ca0eed2df
Then you will be prompted with a login screen to verify your bank account.

https://www.coinbase.com/join/580ba30e22ad273ca0eed2df

You will need to provide:

1) Your online banking username
2) your password

This is a one-time verification step. Once your bank account has been verified, Coinbase claims the logs are deleted. If you're uncomfortable sharing this information you can use the deposit verification process that generally takes about 2-3 days.

If you use a credit or debit card you can add these as payment methods to your account by visiting the  payment methods page.You can also add funds in a similar way with a wire transfer.

While you can't use Paypal to buy or deposit funds, you can use it to sell Bitcoin or withdraw funds. Go to https://www.coinbase.com/trade, select 'Sell', then select 'PayPal account' as the Payout Method.


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If you like what you're reading, please join my mailing list to receive blog posts and updates as they occur. If you're an investor with all of your assets tied up in the stock market and cash, you might want to consider a few diversification strategies. Gold is the oldest asset in the world and it's inflation proof. Bitcoin is the gold standard for the cryptocurrency world, which is the fastest growing asset class in the world. Diversifying your portfolio into one or both of these assets can help to insure your portfolio against a stock market crash or inflation. Most importantly, it can help to safeguard the gains you've made over the last 10 years.

Please note that there are other companies that sell gold and Bitcoin on the market, and you should always do your research when making decisions about your portfolio. Just like your personal health, if you're planning on having major surgery, you need to get a second, and sometimes a third, opinion. You want to make sure your surgeon is good and has performed the procedure many, many times.  In the same way, you need to trust your broker and you need to make sure they are reputable. This is the process I used when looking for a broker to recommend.

Full disclosure: RegalAssets compensates me for everyone I send their way, but I would receive compensation from any company I chose to recommend. The only broker I'm recommending is Regal, primarily due to its innovative product offering in my favorite commodities - gold, precious metals and cryptocurrency like Bitcoin. They also have a distinguished track record for success (see below).




Next Steps: Use Regal as one of your options and compare against them. Your other brokers should be able to offer the same level of service and the same low rates. The kit is free and it will provide you with a basis for comparison. Don't wait, get started today. Fill out the form below to get your free investment kit.

If you're interested in learning more about gold investments, click here to receive a free gold investment kit from Regal Assets.

If you're interested in learning more about Bitcoin investments, click here to receive a free Bitcoin investment kit from Regal Wallet.

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