Coinbase is the largest cryptocurrency exchange in the USA and the world.
Coinbase has directly listed themselves on NASDAQ on April 14, 2021. The traders are currently trading the stocks of Coinbase Global Inc (COIN) on the bourse. Though its reference price was set by NASDAQ at US$250 per stock, it opened at US$381. Within minutes after opening, the COIN’s stock price touched an all-time high (ATH) at US$429.54, increasing the stock’s valuation to more than US$100 billion. On the first day of trading, the COIN price closed at US$328.28, taking the stock’s valuation to around US$86 billion.
You can buy up to US$150 or EUR 150 worth of Bitcoin with your credit card every week instantly in the USA, Canada, Chile, Europe, UK, Mexico, and Singapore. While Coinbase charges a flat 3.99% fee on all your Bitcoin purchases with a credit card, your bank may charge additional fees for buying BTC and other cryptos with Coinbase credit card. This charge is considered among the lowest for all US and European crypto traders.
A 3D-Secure system has been used by Coinbase. That’s why the exchange accepts only those credit cards that are 3D Secure supported. You can either call your bank directly to check whether their credit card is 3D-Secure or try to add it to your Coinbase account. If it shows an error message while adding your credit card to your Coinbase account, it means the card doesn’t support 3D Secure.
Here is a quick step-by-step guide with the help of which you can buy Bitcoins with your credit card on Coinbase:
Step #1: Create your Coinbase account, verify your identity, and go to the “Payments Method” page.
Step #2: At the top of the page, you’ll find “Add a Credit/Debit Card”. Click it.
Step #3: Enter the information on your credit card. Always keep in mind that the address must match with that of the card’s billing address.
Step #4: Add a billing address for your credit card, if required.
Step #5: You’ll now see a window saying “Credit Card Added”. You can also see the button “Buy Digital Currency”.
Step #6: Buy Bitcoin or other cryptocurrency anytime by using the “Buy/Sell” page.
Step #7: Go to the “Buy/Sell Digital Currency” page and enter the amount worth of BTC you want to buy.
Step #8: Choose the credit card from the drop-down menu on the payment methods.
Step #9: Confirm whether the order is correct. Once confirmed, click on the “Complete Buy” button.
Step #10: Once the Bitcoin buying process is complete, you’ll be redirected to the website of your bank account.
- Coinbase has high liquidity as well as buying limits, making it easy and instantaneous for buyers and sellers to buy or sell Bitcoin. Even if you are dealing with other cryptos the process is same and you can buy or sell cryptocurrency in a similar way.
- Beginners and newbies can get Bitcoins easily.
- With credit cards, “Instant Buy” option is available.
- It may take up to 5-days for bank transfers to complete, if you buy BTC with bank transfer.
- Coinbase crypto exchange can track how and where you are spending your Bitcoins.