Coinbase, accessible to the users in more than 55 countries, is world’s biggest Bitcoin broker. The customers may easily buy bitcoin with the connected bank account, SEPA transfer, debit card, Interac Online, or other payment techniques.
Coinbase has got hefty transactions fees if you buy Bitcoin, so it is very important that you look at the coinbase fees before going ahead with the purchase. Plus, you need to wait for some days for the Bitcoin, Litecoin or Ethereum, to show up! All these fees added for me while I was completely new in this space or making my very little, cost average buys.
Let us look at the pros
- High liquidity & buying limits
- Simple way for the new users for buying bitcoin
- Immediate buy available with the credit card as the backup
How Does the Coinbase Work?
Coinbase’s interface generally aims in making it very simple for the first-time buyers for buying Bitcoins. Most popular payment processes for the Coinbase customers will be buying with the credit card and debit card, or using the bank transfer. You can fund with the bank account: It can generally take a little time, over 10 calendar days. When the fiat money comes in however, you may buy Bitcoin right away.
Fund with the Coinbase account: Suppose you have funded the Coinbase account with some fiat money through the wire and bank account transfer, then you may easily access such funds immediately.
On Coinbase, you may make the immediate buys or sells on the mobile phone through the app. You may automate buys just by setting up the frequent buys on desktop website on Coinbase.