Miguel Leite Follow Co-founder and CEO of Coinvision. +8 years experience in tech and blockchain startups. In crypto for the tech.

2. How-to Buy Bitcoin and Ethereum (Wire and Credit Card and PayPal

1 min read

Now that you know the basic principles behind blockchain and cryptocurrencies, let’s move to the most exciting step: buy your first cryptocurrency.

For this task, there are plenty of platforms that we can use, but today we’re going to center on Coinbase, a digital asset exchange company founded in China and now headquartered in Taiwan.

The reason for this decision is based on the fact that Coinbase is one of the most credible and easy platforms out there to buy Bitcoin. They’re well funded, it’s simple to use and accepted on a vast number of countries.

So here’s a quick tutorial:

1. Create an account and verify your email

2. Go through the validation process

3. Connect your bank account or credit card

4. Buy your first Bitcoin, Ethereum or Litecoin

Now it’s time for your first decision, as you can start by buying one of these three coins. It’s important to know that the vast majority of exchanges trades are based on Bitcoin or Ethereum.

So we recommend that you start with one these coins. The example below refers to a Bitcoin purchase.

Note: if you’re buying with credit card there will be a weekly limit.

5. Check your wallet in “Accounts” to see if the purchase was successful.

Now that you already have your first cryptocurrency, it is time to start with an exchange platform.

Extra

You can also buy coins in other platforms, some are simple pay-and-get coins, like Changelly and even Binance, which is also accepting credit card payments for cryptocurrency purchases.

Buying your first Bitcoin or Ethereum can be a daunting step. Don’t forget to join our community if you have any doubts.