![]() To understand how the fee schedule works, and how fees vary depending on which country you live in, it's necessary to check the Coinbase website.Īt this point in our Coinbase review it's important to point out one key difference between buying Bitcoin with a bank transfer versus buying with a debit card. At one point it was possible, however, in 2018 Coinbase stopped allowing for credit card purchase.īuying with a bank account is cheaper and a $100 Bitcoin purchase would usually incur a fee of about $3. Unfortunately it's no longer possible to buy Bitcoin with a credit card on Coinbase. With a debit card the fee is usually around 4% so that with a $100 purchase there is a $4 fee. The most expensive option is to use a debit card. The charge to buy Bitcoin on Coinbase depends mostly on what payment method you want to use. How Much does Coinbase Charge to Buy Bitcoin? For instance, it's possible to use a wire transfer, bank deposit or debit card as a payment method on Coinbase. The Coinbase exchange is also a really good choice for buying Bitcoin because of the different payment methods that they accept. For instance, Kraken, Poloniex and Binance US are all unavailable in New York state because of the difficulty in securing a BitLicense. Such a high level of support is unusual among cryptocurrency exchanges. The only state which can't currently use Coinbase is Hawaii Using a Coinbase account to buy Bitcoin is also a really great option because Coinbase is available in 49 states. Having a good UI is important because it makes it easy to use Coinbase and to buy Bitcoin without making any mistakes like typing in the wrong price for an order. To a large extent that's because Coinbase has an extremely intuitive layout that's easy to navigate even for investors just starting to get involved with crypto. When a crypto investor needs to buy Bitcoin the first exchange that they're likely to think of is Coinbase. Is Coinbase a Good Place to Buy Bitcoin?Ĭoinbase is widely regarded as the best fiat to crypto on ramp in the entire crypto ecosystem. To begin with we'll look at the process for buying Bitcoin on Coinbase. In this review we'll cover everything that you need to know about Coinbase from buying Bitcoin to keeping your account secure.Ĭoinbase really is a full service exchange with lots of different features but as with any cryptocurrency exchange, best practices are important in order to keep your coins safe. Armstrong co-founded Coinbase in San Francisco with Fred Ehrsam and the exchange's success has made both men extremely wealthy. ![]() They're an American exchange that has been in business since 2012 which makes Coinbase arguably the most established and trusted cryptocurrency exchange in the world.Ĭoinbase's CEO is Brian Armstrong who has been an outspoken proponent of cryptocurrencies for the length of his tenure. Coinbase is the second largest cryptocurrency exchange (behind Binance) as measured by volume.
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