How to Buy Cryptocurrency on Coinbase, LocalBitcoins, Paybis, and Coinsbuy
If you are wondering how to buy cryptocurrency, this article will help you to make a decision. To help you in your search, we will cover Coinbase, LocalBitcoins, Paybis, and Coinsbuy. You will also learn about cryptocurrency exchanges that accept Bitcoins and Litecoins. Regardless of what cryptocurrency you want to buy, it is crucial that you understand the basics of buying these coins. To make the entire process smooth, it is best to read about the advantages of each of these exchanges.
Coinbase
If you want to learn how to buy cryptocurrency on Coinbase, there are a few steps that you need to take in order to get started. Getting started on Coinbase is easy and straightforward. To begin, you will need to sign up with the exchange. You will be asked to provide your name and email address, along with the last four digits of your Social Security number. After you complete the registration process, you’ll need to verify your age and agree to their privacy policies. Lastly, you’ll need to attach a payment method to your account. You can use a bank account or PayPal account to buy or sell cryptocurrency on Coinbase.
LocalBitcoins
Before you buy the cryptocurrency you need to understand how LocalBitcoins works. This peer-to-peer platform works by letting users set their own prices for each transaction. The prices on LocalBitcoins are often much higher than they are on centralized exchanges. Moreover, since the price is set by the users, you can get a higher price than you would in a centralized exchange. All you need to do is input your desired amount of BTC in the trade reference field.
Paybis
To get started, the first step is to create an account. After creating an account, you can start purchasing cryptos by filling in the required fields. You must verify your identity by uploading a photocopy of your ID or filling out some basic personal details. Without verification, you cannot trade with your Paybis account. To avoid such inconveniences, you can set up your account for free with a third-party service.
Coinsbuy
When you want to buy cryptocurrency, you can do so through Coinsbuy. You can register for an account on the website and verify it, then purchase a variety of digital assets, including Bitcoin. You can also trade crypto assets for fiat currencies. Coinsbuy is an EU-regulated exchange with AML and KYC compliance, and offers a diverse range of cryptocurrencies. You can use your credit card to purchase cryptocurrency or you can transfer it to an account with Coinsbuy. You will receive your coins instantly, and you won’t have to worry about any hidden fees or charges.
Binance
Before buying cryptocurrency on Binance, you must first sign up for an account. This can be done by credit card, debit card, or through the Simplex platform. To buy cryptocurrency on Binance, enter the amount of money that you wish to spend. Once you’ve verified your identity, you can trade with other cryptocurrency holders. When you’re done with the verification process, you can complete the order by clicking the “Send” button.