How to buy ethereum with bitcoin coinbase

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Set up your Coinbase account If you already have a Coinbase account, you may skip this step. If not, then you would be glad to know that Coinbase, the U. To sign up, visit the Coinbase website and click "create your account. For a more detailed explanation of Coinbase's features and how to sign up, click here.

Currently, Coinbase offers over 25 cryptocurrencies for investment, trading and staking. Pick Ethereum to proceed. This enables anyone to own crypto and start getting potential gains. Buying Ethereum and other cryptocurrencies is easy and straightforward with Coinbase. You can pay through your bank account or credit card. Confirm and receive a confirmation email Congratulations! You have now purchased Ethereum. You should receive an email confirmation containing all relevant information shortly.

From here, you can hold, trade or sell your Ethereum, or you can store them on your Coinbase wallet for extra security. Bitcoin or Ethereum? Currently, Coinbase supports over 25 cryptocurrencies for you to buy, sell, stake and trade. Still, Ethereum is a powerful technology with the potential to further our global currency system. It has more applications than Bitcoin, is backed by multiple Fortune companies and is being incorporated by financial institutions.

Interested in buying your first Ethereum share? Sign up on Coinbase by clicking here. Once you sign up and connect your bank card or bank account is an option too , you can easily transfer funds in and out of your account and convert them to Bitcoin and back to fiat at will. The currency you will use depends on the region you are in.

You can check the list of all the countries that are supported here. Coinbase charges a variable percentage fee of one percent for U. Purchases with a credit or debit card add on a 2. If you are located in the US you might be able to use Paypal too but this option is not yet open to the rest of the world. Further, Coinbase holds 98 percent of customer currencies offline to keep them safe from malicious hackers.

This is further evidence to why Coinbase is a leader in digital currencies. You sign up and verify your account. As per every online regulated finance-related business you will be asked to verify your identity. This is the process known as KYC know your customer and as is the standard, you will be required to send a photo of your ID or passport and proof of address.

This way you will have to input a code from your phone every time you login which makes it a little more secure. To access this setting you will go to your profile settings and then security settings. It is very important to notice that there is a difference between the main Bitcoin and the two forks of it which look very similar but are way lower in value. At least not when you first get into crypto. The main crypto is Bitcoin BTC and if you are investing for a longer term, it is the most safe and trusted of them all.

Bear in mind that some banks do not want their customers to buy crypto so some cards will not go through or they might cancel your transaction later on and your funds will not be taken out. I had this done to me by MBNA — bank of America — after 2 years of using the card one day it got rejected and my Bitcoin purchase got cancelled.

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