how much bitcoin can i buy with coinbase

With Coinbase's advanced account level and wire transfer payment method, you can purchase up to $250,000 worth of Bitcoin daily.

Nov 16, 2024 at 08:02 am

How Much Bitcoin Can I Buy with Coinbase?

Coinbase is one of the most popular cryptocurrency exchanges in the world, and it allows users to buy and sell Bitcoin (BTC) and other cryptocurrencies. The amount of Bitcoin you can buy with Coinbase depends on several factors, including:

1. Your account level: Coinbase has different account levels that offer different limits on how much Bitcoin you can buy. The basic account level allows you to buy up to $1,000 worth of Bitcoin per day, while the advanced account level allows you to buy up to $50,000 worth of Bitcoin per day.
2. Your payment method: Coinbase supports a variety of payment methods, including credit cards, debit cards, and bank transfers. The maximum amount you can buy with each payment method varies.
3. Market conditions: The price of Bitcoin can fluctuate significantly, so the amount of Bitcoin you can buy with a certain amount of money will vary depending on the current market price.

How to Buy Bitcoin with Coinbase

To buy Bitcoin with Coinbase, you will need to:

1. Create a Coinbase account: If you don't already have a Coinbase account, you can create one by visiting the Coinbase website or downloading the Coinbase app.
2. Choose a payment method: Coinbase supports a variety of payment methods, including credit cards, debit cards, and bank transfers. Choose the payment method that is most convenient for you.
3. Enter the amount of Bitcoin you want to buy: Enter the amount of Bitcoin you want to buy in the "Amount" field.
4. Click "Buy Bitcoin": Click the "Buy Bitcoin" button to complete your purchase.

How Much Bitcoin Can I Buy with Different Payment Methods?

The maximum amount you can buy with each payment method on Coinbase are as follows:

Account Type Payment Method Max Purchase
Basic Account Credit card or debit card $1,000 per day
Basic Account ACH bank transfer $1,000 per day (with a 10-day hold)
Advanced Account Credit card or debit card $50,000 per day
Advanced Account ACH bank transfer $50,000 per day
Advanced Account Wire transfer $250,000 per day

How to Increase Your Purchase Limits

If you reach your purchase limit, you can increase it by verifying your identity and/or providing additional information. To verify your identity, you will need to provide a government-issued ID and a selfie. To provide additional information, you will need to complete a brief questionnaire.

Fees

Coinbase charges fees for both buying and selling Bitcoin. The fee structure is as follows:

Transaction Type Transaction Amount Fee
Buy or Sell Less than $200 USD: 0.99%
Buy or Sell $200 - $200,000 USD: 1.49%
Buy or Sell More than $200,000 USD: 1.49% + $0.50 per $1,000

Conclusion

The amount of Bitcoin you can buy with Coinbase depends on several factors, including your account level, payment method, and market conditions. Coinbase supports a variety of payment methods, including credit cards, debit cards, and bank transfers. The fee structure for buying and selling Bitcoin on Coinbase is as follows:

• Less than $200: 0.99%
• $200 - $200,000: 1.49%
• More than $200,000: 1.49% + $0.50 per $1,000

Disclaimer: This article is not intended as financial advice. Please do your own research before making any investment decisions.