Coinbase Made Easy
Bitcoin Made Easy’s review and tutorial of the Bitcoin service Coinbase.
If you don’t want to read about the benefits of Coinbase we recommend you watch this full video tutorial with your volume turned on. You can also watch this video split up into steps if that’s easier for you, just click here watch these.
Section 1
Key Features Of Coinbase
Rated 5/5 By Bitcoin Made Easy
We’ve trawled through all the main Bitcoin Exchanges, opening accounts, buying and spending Bitcoin. Our top choice by far is Coinbase, which is also the most popular way to buy and sell Bitcoin worldwide! Coinbase is super-easy to use and has the lowest fees for buying Bitcoin with a debit/credit card.
To top it all off, Coinbase offer a free $10 worth of Bitcoin to new accounts when you have bought your first $100 of Bitcoin if you sign up using our referral link. So this means you are effectively paying no fees at all on your first $200 of Bitcoin purchases. But don’t forget you must sign up via this link to get this!
Because Coinbase does not offer Bitcoin purchasing to all countries, we also highly recommend CoinMama, which supports the widest list of countries. The purchasing fee is higher than Coinbase but the system is still very easy and quick to use.
You Can Buy Bitcoin With These Cards:
Wallet
Not only can you buy and use Bitcoin on Coinbase but you can also store it using their web or mobile wallet.
Countries
Coinbase covers a massive area including US, UK, Australia & most Europe.
Fees
Coinbase have the lowest fees we've found, between 0-4%*
Ease Of Use
Super easy to use on Mobile, PC and tablet.
Speed
By far the quickest method we have tried. You can complete the entire process in 15-20 minutes.
Allowances
Coinbase's limit is $250 per week until you have built up your Bitcoin purchases history. To buy more than $250 straight away then use CoinMama
* 0% fee is if you sign up a new account using our referral link and spend between $100 and $200 on Bitcoin therefore getting your $10 free Bitcoin from Coinbase.
Section 2
What You Need
Using Coinbase couldn’t be more simple. Here are the 4 key things you need to start using Coinbase.
An email address
A mobile phone, desktop or tablet
Your credit or debit card
Valid identification (e.g. passport, driving license)
Section 3
Coinbase Made Easy Tutorial
Below you can find a video plus a step-by-step guide on Coinbase Made Easy.
We recommend you watch this full video tutorial with your volume turned on. You can also watch this video split up into steps if that’s easier for you, just scroll down the page to watch these.
Opening an Account
Takes Approximately 10 to 15 minutes
Get $10 free of Bitcoin on purchases over $100 on Coinbase now.
On the signup page fill in your name, email and give a password.
After submitting your details you will then receive an email from Coinbase which you need to verify by clicking the link they send you.
If you don’t receive this make sure you check your spam folder.
Coinbase will ask you for your identity which you will need to scan using your computer or the Coinbase app on your phone.
Make sure that all four corners are visible and that the photos are light enough and in clear focus.
They’ll send you an email when it is verified (it usually takes 2 minutes).
Please note sometimes they say they are still verifying but your email says it is verified!
Now, add a payment method.
Debit/Credit card is the only option if you don’t want to wait 4 days for a bank transfer to arrive, so select that and then input your card details and your billing address.
Buying & Spending Bitcoin
Takes approximately 5 minutes
At this point, if you are buying your Bitcoin to purchase something on a webstore, you should make your order so that you know the total value of your order.
Select ‘Buy/Sell’
On this page make sure Bitcoin is selected (rather than Ethereum or Litecoin, other cryptocurrencies – it should already have Bitcoin ticked as default)
Select your payment option – Card.
Put the amount of Bitcoin you want to buy in your currency – then add a little more to make an extra $5 worth– this will ensure you have enough to cover Bitcoin network transaction fees too. (you don’t need to worry about this if you are due to get your free $10 initial account bonus*)
Click ‘Buy Bitcoin’ – complete any card verification asked for
Note: It may then stay on a screen saying ‘Card Processing’ but check your inbox/junk mail as you will get an email saying your purchase has been successful. Your Bitcoins are now in your Coinbase Wallet!
*If you have used our link to sign up to your account and have bought over $100 of Bitcoin, your free $10 of Bitcoin should arrive approximately 10 minutes after your purchase. You will get an email confirming this.
From your Coinbase account select “Send/Request”. Then, switching to the webstore checkout page, carefully copy the Bitcoin Address given to you for your payment and then paste it into the ‘Recipient’ field on the Coinbase send page.
Enter the amount of Bitcoins you’d like to transfer. (If you are using the Coinbase App just scan the QR code provided with your smart phone). This can take up to an hour, but will normally land in your inbox in a matter of minutes.
More Questions?
Take a look at our FAQ below.