Buying Cryptocurrency with Coinbase
If you’re enthusiastic about buying Bitcoin or one of the other better-known cryptocurrencies your very best guess is CoinBase, which also helps Bitcoin Cash, Ether, and Litecoin. The popular digital exchange is user-friendly and widely trusted, though it can go offline once in a while when trading is especially frenzied.
You may download the Coinbase app on your mobile or create an account at coinbase.com. Consent to the conditions and you will be greeted with a chart displaying the recent surge and land of Bitcoin and other cryptocurrencies. The next thing you will have to do is put in a way to buy things by tapping the “Buy” button on the app or clicking on the Buy/Sell tabs on the site. From here, you can connect a debit or card for quick small ventures, or put in a direct line to your money for larger buys and sales that might take 4-5 times to process.
Now, click the Buy button again. Decide on the type of cryptocurrency you’re buying and enter into the money you want to invest in U.S. Us $. You will see how much that involves in Bitcoin (or whatever cryptocurrency you’re buying) along with a tiny payment from Coinbase. Finally, verify the business deal by reaching the Buy button and you’re done. (If this is actually the first time, you can find a call from your loan provider asking to check the purchase before it undergoes. So keep an eye out for that.)
Buying cryptocurrency without Coinbase
If you wish to buy Ripple or one of the other up-and-coming cryptocurrencies, you need to look beyond Coinbase. One popular option is Kraken, which facilitates Bitcoin and Ether, along with smaller currencies like Ripple and Stellar.
Using Kraken is a bit more complicated than Coinbase, and you will wish to accomplish it through the website. The very first thing you must do is set up an account. Once it’s active, click on the account and opt to Get Verified. You will have to provide your name, contact number and address by selecting Tier 2 at least. You may even need a valid government-issued image ID and proof residence (that’s Tier 3) to withdraw money from the exchange.
Next, you will have to deposit cash in your Kraken account. To get this done, go to Consideration, then Funding, and then Deposit. From here, follow the guidelines on Kraken’s website to activate a wire transfer before sending the amount of money over from your bank account.
Now you’re all set to buy. Select Account, then Trade, and then New Order. Then select the cryptocurrency you want and the government-backed currency you’re using to buy it from the drop-down menu in the top right part (you can also use Bitcoin to buy smaller currencies like Ripple). Select Simple and under that select Buy. Then type in the total amount you want of whatever cryptocurrency you’re buying and struck the renewable button to verify.
Source- Life Hacks