How To Buy Bitcoin in 5 Minutes(updated 1/8/2021)

January 08, 2021

Interested in buying Bitcoin? This tutorial will help you buy some quickly and securely. To do this, we will be using Coinbase. We are using Coinbase because:

  1. It has never been hacked
  2. It has strong agreements with the government and regulators
  3. It is one of the oldest and continuosly improving exchanges

Step 1

Sign up for Coinbase

If you do not have an account, create an account here

Full disclaimer, this is a referral link where when you trade buy $100 of Bitcoin(or any crypto), you get $10 in Bitcoin for free! If you don’t like free money, you can sign up directly at coinbase.com

Make sure to verify your identity, it’s important to take as clear of a picture as you can of your ID.

Step 2

Once your ID has been verified, log in to Coinbase. You should see the dashboard as so: Coinbase Dashboard

Click the Trade button circled in red.

Step 3

A dialog should pop up like so.

Order Dialog

Enter the amount of Bitcoin you would like to buy in your domestic currency(USD, EUR etc.)

If you haven’t already, you will need to add a payment method. Credit card or debit card is probably the fastest payment method, but you can also use a bank account.

Click Preview Buy, This will NOT purchase anything yet and will allow you to confirm the transaction in the next step.

Step 4

Review your crypto buy to make sure everything looks good. Unfortunately, there are fees for buying crypto, so part of the amount you entered in Step 3 will be used to cover the fee.

Preview Order

Step 5

Click Buy Now. After a brief moment, you should see a success message.

Success

You should now be able to see your newly purchased crypto on the Portfolio view and the transaction you just made under Recent Transactions.

Portfolio Transaction

Congratulations! You just successfully purchased Bitcoin on Coinbase!


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