Coinbase Exchange Tutorial – How To Buy Bitcoin On Coinbase

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► Join Coinbase Exchange + get $10 of Free Bitcoin:

In today’s Coinbase Tutorial, I walk you through how to buy Bitcoin on Coinbase, how to set up the Coinbase exchange security settings, and how to fund your Coinbase Bitcoin wallet. You can learn more about the Coinbase app here

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Coinbase Tutorial Recap:

1) Track price changes on home dashboard
2) Set up payment methods (credit/debit/bank/PayPal)
3) How to buy and sell cryptocurrency
4) Be aware of difference in fees
5) How to send and request Bitcoin and other cryptocurrency
6) Set up 2 Factor Authentication
7) Create price alerts in the app
8) How to get free Bitcoin by inviting friends

Coinbase Wallet Pros:

– Both an app and desktop platform
– Acts as a cryptocurrency wallet and exchange to buy, sell, and hold bitcoin, ethereum, and litecoin
– Can buy bitcoin and other cryptocurrency with credit/ debit card or bank transfer
– Can withdraw through Paypal or bank transfer
– 2 Factor Authentication Security

Coinbase Exchange Cons:
– App crashes occasionally
– Only 3 cryptocurrencies supported at the moment

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About this video:
In this Coinbase exchange tutorial, Erik from Immersive Tech TV gives an in-depth walk through on how to use Coinbase app and how to buy Bitcoin on Coinbase.

Disclaimer: This video is not sponsored and all the opinions expressed are my from my own experience. Some of the links in this description contain affiliate links, which help support the channel at no additional cost to you. Thank you for watching!

If you have any questions about the Coinbase exchange feel free to drop me a comment below and I will do my best to answer it as soon as possible!

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50 thoughts on “Coinbase Exchange Tutorial – How To Buy Bitcoin On Coinbase

    1. Yes, they are higher for bank transfers than they are for credit/debit cards. But the weekly limits for both funding methods can be increased by simply verifying identity, purchasing cryptocurrency, and being a user for a certain period of time.

  1. If I don’t want to use the google authenticator app can I have coinbase send me text messages instead for the 2 step authentication?

    1. But for maximum security when using your phone as the 2nd factor authentication, it is recommended to use the Google Authenticator app instead of text message. Text messages can be intercepted. The Google Authenticator app is only physically present on your device.

    2. Immersive Tech TV. Hi is there anyway to skip verifying my phone number when I give them my phone number they never text back the code needed. I’ve tried so many times that it locked me from doing it for 24hr and all I was trying to do was to by the cryptocurrncies… pls help

    3. Bryan Garces. Hmm, I am not sure. After 24 hours when you regain access to your account I would try to instead connect your account to Google Authenticator app on your phone if you can. If you are still having trouble verifying your number after that then I would recommend contacting their customer support by email, phone, or twitter. Here’s their help page on how to contact them https://support.coinbase.com/customer/en/portal/articles/2288496-how-can-i-contact-coinbase-support-

    1. When you set a price alert in the app it will send an app notification to your phone with the current price update. But you don’t need to have the app open.

    1. Immersive Tech TV I bought worth $100 of lite coin using my bank account(not debit card) and it says 4-5 days pending. Whats is that totally mean? So what will happen in 4 to 5 days of waiting? The current price of litecoin when i bougth $100 was $253.

    2. Immersive Tech TV mines doesnt wanna verify? I tried with my drivers license and still says verification failed, can i still buy and sell without that?

    3. hmagdgtr34 if I remember correctly it stays at the same price you bought it for even if the price changes within the next couple of days that’s it takes to link your account

    1. Yes you can. To do this you just have to open up your Coinbase wallet and click on your bitcoin wallet. Then click on “receive.” You will then copy your Coinbase bitcoin address and go back to your Gemini wallet. Once back inside Gemini you just have to go to the “send” area and paste the address you copied from Coinbase in the send box and send it. And then it will be transferred to your Coinbase wallet.

    1. No problem. The safest place to store your cryptocurrency is on a hardware storage wallet such as the Trezor hardware wallet. By storing your cryptocurrency on a hardware wallet you are in full control of it whereas if it is left on an exchange the exchange is in control of it.

  2. Great video! Question: a friend mentioned once you buy bitcoins, you have to send them to piptrade. Is this accurate?

    1. Thanks! This is not accurate. After you buy cryptocurrency you can send it to any mobile wallet, a hardware wallet, use it for transactions to buy things, or keep it on the exchange for trading. You can do many things after your buy cryptocurrency, but for long term storage I recommend sending them to a hardware wallet for safe storing.

  3. If I wanted to invest in bitcoin and say I’m totally new to the whole bitcoin thing, would this be a good option to do so ?!. If not could you help direct me in the right direction to invest in bitcoin. I want to invest now seeming as the time is right. Thank you !!

    1. I would say Coinbase is probably the easiest way to get started investing in bitcoin. There is a small learning curve at first but Coinbase’s app and website platform is pretty user friendly for beginners. It was my first app I used to start investing in bitcoin and it’s still my favorite for bitcoin because of it’s ease of use.

    1. Coinbase does not have any limit on the amount of monthly transfers you can make. Do you mean one of your 6 monthly transfers on your banks end? If you do, I think it would depend on your bank. If your bank counts ACH outgoing bank transfers as monthly transfers then it might. For example, at my bank the 6 monthly transfers limit has do with transferring from savings accounts and not checking accounts. So it may vary by bank.

    2. MrSomnix There are 3 ways to earn money with Bitcoin.
      1. Mining
      2. Trading
      3. Buying and Holding.

      Get in Crypto now❗️

      Make money on auto pilot ✈️🛩😴

      ⛔️No registration fees
      ⛔️No monthly dues
      ✅Get get started with as little as $300
      ✅Earn on average 1% a day
      ✅The price of bitcoin is rising 🚀 while you compound your bitcoin.

      Join the winning team

    1. Luckily it increases over time. If you click on where it says “increase my limits,” it will show you if there’s anything else you can do to increase it in the meantime. I remember when I first joined purchasing a certain amount of cryptocurrency and doing an ID verifcation would also help increase your limits.

    1. If you bought Litecoin it will go directly into your Litecoin wallet. Your USD wallet will remain zero unless you deposit money into it.

  4. How were u able to record on your phone?..i tried to do it and it blacked it out….what app are u using?..thanks in advance and awesome video!

  5. Kinda new to this. So if I buy say $100 worth of litecoin, and the value goes up over time, could I sell the percent of litecoin i bought later for more $$? How would I sell that using the app?

    1. Yes you can definitely sell a percent of your Litecoin at any time you wish. Using the app you would click on the “accounts” tab. Then you would click on your Litecoin wallet and click on sell. From here you could select how much Litecoin you want to sell and where you want to withdraw to.

    1. I believe after about 60 days as well as after purchasing a certain amount. I don’t remember the exact amount but if you go to the buy page you will see a link that says “increase my limits.” Here it will show you how you can increase your limits to the next tier. I remember 2 ways to increase your limit is 1) the amount of time you’ve had an account and 2) after purchasing a certain amount.

    2. Dyle There are 3 ways to earn money with Bitcoin.
      1. Mining
      2. Trading
      3. Buying and Holding.

      Get in Crypto now❗️

      Make money on auto pilot ✈️🛩😴

      ⛔️No registration fees
      ⛔️No monthly dues
      ✅Get get started with as little as $300
      ✅Earn on average 1% a day
      ✅The price of bitcoin is rising 🚀 while you compound your bitcoin.

      Join the winning team

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