How to buy Bitcoin

There are a variety of ways to buy Bitcoin. I have found that the easiest way to buy Bitcoin or Bitcoin Cash is via an app called Coinbase. I have been using Coinbase for several months without any issues.
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Once you have downloaded and installed the app, you will need to create an account username and password (try to use a strong password)
You will need to verify your phone number, email address, your bank details and some form of photo ID.
Step 1:
Verify your phone number:
iOS

  • Tap the menu icon near the top left of the screen to open the Navbar.
  • Select ‘Settings” located near the bottom of the Navbar.
  • Tap ‘Phone Numbers’.
  • Select ‘Verify a new phone number’
  • Enter your phone number and click the “Next’ button.
  • Enter the verification code that has been sent to your phone to complete the process.

 
Android

  • Tap the menu icon near the top left of the screen to open the Navbar.
  • Tap ‘Settings’, located at the bottom of the Navbar.
  • Select ‘Phone Numbers’.
  • Tap the ‘+’ button to begin adding your phone number.
  • Enter your phone number and select ‘Verify’ when finished.
  • Enter the verification code that has been sent to your phone to complete the process.

 
Step 2:
How do I verify my identity when using the mobile app?
 iOS

  • Tap the menu icon near the top left of the screen to open the Navbar.
  • Tap the ‘Settings” button located near the bottom of the Navbar.
  • Select ‘Identity Verifications’.
  • Tap ‘Verify new document’.
  • Select your country and press ‘Continue’.
  • Choose your document type (Passport, ID card, or driver’s license).
  • Take a clear photo of the identity document and press ‘Continue’.
  • The identity verification process is now complete.

 
Android

  • Tap the menu icon near the top left of the screen to open the Navbar.
  • Tap the ‘Settings” button located near the bottom of the Navbar.
  • Select ‘Identity Verifications’.
  • Tap the ‘+’ button.
  • Select your country and press ‘Continue’.
  • Choose your document type (Passport, ID card, or driver’s license).
  • Take a clear photo of the identity document and press ‘Continue’.
  • The identity verification process is now complete.

 
Step 3:
How do I add a payment method when using the mobile app?
 
 iOS

  • Tap the menu icon near the top left of the screen to open the Navbar.
  • Select ‘Settings” located near the bottom of the Navbar.
  • Select the “Payment methods” button and then choose which type of payment method you would like to add.
  • If adding a bank account, select your bank if shown, then login.
  • If your bank is not shown, select ‘My bank is not on the list’ located at the bottom of the screen. Then Enter the name, account type, and routing/account number.

 
Android

  • Tap the menu icon near the top left of the screen to open the Navbar.
  • Select ‘Payment Methods’, located near the bottom of the Navbar.
  • Tap the ‘+’ button then choose which type of payment method you would like to add.
  • If adding a bank account, select your bank if shown, then login.
  • If your bank is not shown, select ‘My bank is not on the list’ located at the bottom of the screen. Then Enter the name, account type, and routing/account number

Step 4
To buy digital currency:

  • Once logged in to the Coinbase app, select the Menu icon near the top-left.
  • Select ‘Buy’.
  • Enter the amount of digital currency you would like to purchase.
  • Select your card as the ‘Payment’ method.

 
If you manage to make any money, you need to think of a method of transferring the cash back to your “real” bank account.  The problem with this is that often your bank will charge you for this depending on where you are located in the world. Sometimes your bank will not deal with cryptocurrencies at all.  If this is the case I would recommend another app called Revolut.  I will write further instructions in my next post.
 

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