how to buy bitcoin in coinbase wallet

By following these steps, you can easily purchase Bitcoin on Coinbase Wallet, providing a convenient and secure way to invest in cryptocurrency.

Oct 31, 2024 at 02:35 am

How to Buy Bitcoin in Coinbase Wallet

1. Create or Sign In to Your Coinbase Wallet: Download the Coinbase Wallet app and create a new wallet or sign in to an existing one using your password or biometric data.
2. Verify Your Identity: To comply with anti-money laundering (AML) regulations, Coinbase Wallet requires you to provide your personal information and verify your identity by submitting ID documents. Follow the on-screen prompts to complete this process.
3. Add a Payment Method: Select the "Buy" tab within the Coinbase Wallet app and choose your preferred payment method. Coinbase Wallet supports linked bank accounts, debit cards, and Apple Pay (in selected regions).
4. Select Bitcoin (BTC): Navigate to the list of cryptocurrencies available for purchase. Tap "BTC" to proceed to the next step.
5. Enter the Amount and Confirm: Specify the amount of Bitcoin you wish to buy, either by entering the desired amount in fiat currency (e.g., USD) or by selecting a specific amount of Bitcoin (BTC). Next, preview the transaction details and confirm the purchase.
6. Complete the Purchase: Finalize the transaction by authenticating via your Coinbase Wallet app using either your device password, fingerprint, or facial recognition. Once the transaction is complete, the Bitcoin will be deposited into your Coinbase Wallet.

Additional Tips:

• Coinbase charges fees for purchasing Bitcoin. Make sure to check these fees before completing the transaction.
• The availability of certain payment methods may vary depending on your location.
• Coinbase Wallet offers a Secure Enclave or secure storage solution to ensure the safety of your Bitcoin and other crypto assets.