If you sign up to Coinbase using this link we’ll both receive $10 of free Bitcoin when you buy or sell $100 of bitcoin or more (or the equivalent in your currency).
Step 1: On the Coinbase homepage click the “Sign Up” button and fill in your name. You must write your name exactly as it is written on your photo ID. Also fill in your email address and your chosen password.
Step 2: You must verify your account before being able to purchase cryptocurrencies on Coinbase. In order to verify your account you must provide a valid phone number, upload an image of your photo ID such as a passport or driver’s license and verify your credit/debit card or bank account.
Coinbase is regulated by the US government and so follows stricter regulations than many of the other cryptocurrency exchanges. Whilst it is a pain and can also slow things down for you, taking the time to get verified is better in the long run and has given Coinbase the reputation as one of the most trusted ways of buying Bitcoin and Ethereum with fiat.
Instant purchasing is available through a credit/debit card however the fees are much higher. If you are not in a rush and would instead like to minimze your fees then funding your account via a bank transfer is the cheaper way to go.
Step 3: Once your payment details are verified, click “buy/sell” on the top menu.
Depending on what you would like to purchase either select “Bitcoin” or “Ethereum”. At the bottom of the page choose how much you would like to spend in your native currency/how many coins you wish to buy.
Once you have double checked the values you have entered, click the “Buy” button.
Step 4: You will be asked to confirm your cryptocurrency purchase. Press the ‘Confirm Buy’ button.
Congratulations! You are now the proud owner of Bitcoin and/or Ethereum.