Coinbase to Purchase Bitcoin & Ether: Review

Where Can I Buy Bitcoin, Ethereum & Litecoin?

Joining Coinbase, a crypto currency exchange is probably your best choice! It Was established back in around 2012. It is a platform that’s easy to use and to access. It is one of the best places to buy and sell BTC, Ethereum and Litecoin. With just a few clicks and some account verification, you are on your way.Some of the top preforming digital currencies are for sale their via credit card or bank transfer at the moment!

Click here to sign up and earn 10$ free dollars in bitcoin when you spend your first $100 Sign up Today!==>>COINBASE~~

The company works hard to provide consistent and timely services, as well as support via a well-designed platform. Coin base has eliminated most of the complexity from it’s website, which they have done by using highly skilled engineers and financiers. The engineers and financiers have improved and continue to improve various aspects of customer interaction for when they buy and sell the virtual currency also known as cryptocurrencies.

Buying and selling BTC or these other alt coins from Coinbase is easy and it’s secure.

****NOTE! We always suggest you store your digital assets in a offline wallet**

You can use the website to buy/sell as well as send and receive bitcoins. Funds are held in what is known as a cold wallet, which features multiple layers of authentication. This helps to prevent breaches. An added layer of security for the markets~

Furthermore, about 97 percent of the data is held offline. Paper lists are kept in vaults, as well as safety deposit boxes that are placed in various geographical areas. This means data is kept safe and makes it harder for hackers to get see it or to mess with it. We don’t trust other peoples security though, so store in the exchanges at your own risk. WE suggest cold storeage wallets like the Trezor or Ledger Nano S!

Joining Coin Base and Purchasing Crypto Currency

** Note if your friends sign up and purchase over $100 of any of those currencies you each get $10 in BTC. A great incentive for others to learn how to purchase as well!  Sign Up Today!

You choose a password and name and you use those to enter your account.Be sure to use a complex password, again, you are your own security in this new finacial world, so take pride in it! You than have to use your smartphone to verify this, and you will be instructed to enter a specific code. Coinbase uses SSL encryption and keys as well. These layers of security protects your virtual currency.

Hashing passwords offers a high degree of security. Let’s not forget to mention that Coinbase has insurance to protect your wallet from employee hacking or theft, as well as cyber holdings and a physical breach. However, insurance doesn’t cover tampering with a trader’s login. With that said, before you buy and sell BTC,LTC,ETH you will want to become familiar with the insurance policy, and after that, if you are familiar with it and you are confident and you think the platform is right for you, then you can create an account and start buying and selling bitcoins!!!!

The Best Wallets

We just wanted to reiterate that storing your digital coins and crypto currencies on any exchange isnt recommended. Check back in with us next time as we go over more of the BTC,ETH and LTC exchanges and their pro’s and cons.

We will continue to work on more reviews. We realize these are condensed formats, but we will be building out to larger ideas soon enough. Thank you for joining The Arcane Bear

Tijo

Reader Interactions

Comments

  1. Great, We just signed up with Coinbase spent 100$ and got the extra 10$ in bitcoin. Stoked, Thank yoiu so much for the review. You gave us a lot more confidence in purchasing my bitcoins with this company. Next to order the ledger or trezor wallets!

    Regards,

    • Thats so awesome to hear. We are glad you made the leap, have you looked into Ethereum or Litecoin, They also sell those two on that exchange as well, if you see a better buy in on any of the alt coins, might be easier. Happy investing!

      Tijo~

  2. Can i transfer crypto or usd from my Coinbase account to my other exchange account to buy in alt coins not offered by Coinbase??
    it seems impossible to purchase alt coins for usd via ACH or us wire at exchanges like bitstamps or kraken. Never had such problem with Coinbase. i wish it could offer alt coins. Does anyone know why Coinbase “products” are so limited??

    • Coinbase works like a buffered exchange, and basically purchases coins on the market on your behalf when you are exchanging from USD to Crypto. We believe Coinbase will offer more exchange options in the future.
      You can easily purchase on Coinbase and transfer to another exchange to trade alt coins. The process varies a bit on each exchange, but ultimately you will need to create a wallet for the coin you are transferring on the exchange you are transferring to. Once that is done you will copy that wallet address for use in coinbase. Go the the Accounts Page on Coinbase and select the Wallet you are sending from, hit the send button and paste in the address you copied (checking the first and last four characters is a good practice to be sure you copied correctly). Enter the amount you are sending and click Continue…the follow the prompts. When sending BTC it can sometimes take 20 minutes or more before it is available on new exchange. If any of this seems daunting, one of our Crypto Bears would be happy to work with you on a consult.

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