How to Buy Bitcoin on Coinbase

A Step-by-Step Guide

Overview

There are many ways to purchase Bitcoin today, as I outlined in my article “Your First Bitcoin (How and Where To Buy It)”. I mentioned there that I often set up my friends with a “starter pack” of what I think are the two most accessible platforms for purchasing and trading crypto. Coinbase, for purchases and Binance for trades.

In this article, I’ll give you a step-by-step guide for exactly what to do and expect when purchasing Bitcoin on Coinbase.

In a nutshell, here is what we will be doing:

• Creating a new account
• Verifying your identity
• Adding a payment method
• Making your purchase
• (optional) Withdrawing your Bitcoin to a wallet or exchange

What you’ll need:

• An email address
• A phone number that can receive an SMS (Google Voice seems to work)
• Your passport or other ID (possibly depending on your country/state of residence)

1. Creating Your Account

First things first, you’ll need to sign up else. I highly recommend using a referral link to sign up, as you and your referrer…