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Can someone explain to me buying ethereum/Bitcoin
Posted on 11/28/17 at 12:55 pm
Posted on 11/28/17 at 12:55 pm
Is the Coinbase app the only way to go about buying some? Is there a preference over one or the other? I looked at the end of the thread on the front page but it seems to be a lot of people asking to be added? Do you have to be invited to join Coinbase? Thanks for any help.
7
Posted on 11/28/17 at 1:01 pm to TigerSaint1
Coinbase, Gemini, and other cryptocurrency exchanges are options.
Basically you go to their website and follow the instructions to set up an account. You will likely have to verify your identification by sending in a picture of your drivers license or something and it will take them a couple days to approve your account.
Then you will be able to link up a credit card or bank account to their website/exchange to deposit funds. Then you can purchase various coins (BTC, ETH, etc...) and begin trading or holding.
Basically you go to their website and follow the instructions to set up an account. You will likely have to verify your identification by sending in a picture of your drivers license or something and it will take them a couple days to approve your account.
Then you will be able to link up a credit card or bank account to their website/exchange to deposit funds. Then you can purchase various coins (BTC, ETH, etc...) and begin trading or holding.
Posted on 11/28/17 at 1:04 pm to SoFresh
Coinbase verifies through email and your phone. Takes about 5 minutes to set up.
Posted on 11/28/17 at 1:16 pm to SoFresh
So what is the boards consensus on buying ethereum vs bitcoin?
This post was edited on 11/28/17 at 1:25 pm
Posted on 11/28/17 at 1:31 pm to TigerSaint1
There are other exchanges but Coinbase is generally the easiest to get started for a beginner. Sign up, submit your information to be verified, then transfer money from your bank onto Coinbase. Then you purchase bitcoin/ethereum
Posted on 11/28/17 at 1:50 pm to TigerSaint1
Maybe others can chime in with thier opinions but once you get setup. I'd be patient
We might be in for a sharp correction
We might be in for a sharp correction
Posted on 11/28/17 at 2:17 pm to TigerSaint1
Sink all of your savings into it, sit back, become wealthy
Posted on 11/28/17 at 2:34 pm to MusclesofBrussels
bitcoin stock seems highly volatile, IMO
Posted on 11/28/17 at 3:01 pm to hsfolk
If you think Bitcoin is volatile, you haven't even scratched the surface 
Posted on 11/28/17 at 3:54 pm to SoFresh
Can you buy partial bitcoins?
Posted on 11/28/17 at 4:10 pm to jimbeam
quote:
Can you buy partial bitcoins?
That's my question too lol
What's the lowest amount you can buy in at? For instance I have $1000 that I can play around with. Is that not enough? Sorry if that's a stupid question
Posted on 11/28/17 at 4:12 pm to agreenway6
You can buy $3 worth if you want. You dont have to buy whole coins
Posted on 11/28/17 at 4:40 pm to Jones
Interdasting
Posted on 11/28/17 at 6:41 pm to jimbeam
I started off with a small investment of 250 then moved up
Posted on 11/28/17 at 7:28 pm to jimbeam
quote:
Can you buy partial bitcoins
I buy $50 worth of bitcoin every Monday.
Posted on 11/28/17 at 7:51 pm to TigerSaint1
quote:
So what is the boards consensus on buying ethereum vs bitcoin?
I just got my feet wet last week. Decided to do an even split between Bitcoin, Ethereum, and Litecoin. Today, I also transferred a small amount of Bitcoin profits to purchase Iona.
Posted on 11/28/17 at 9:26 pm to TigerSaint1
buy, sell right as shite hits the fan and the bubble goes off like a nuke
Posted on 11/28/17 at 9:28 pm to TigerSaint1
remember, buying bitcoin makes you the greater fool, don't be the greatest fool
Posted on 11/28/17 at 9:58 pm to DVinBR
quote:
buy, sell right as shite hits the fan and the bubble goes off like a nuke
Is this your belief because it has shot up exponentially in a short amount of time or is this your belief because you don’t believe/understand the technology?
Serious question
Posted on 11/28/17 at 10:56 pm to TigerBite
quote:
it has shot up exponentially in a short amount of time
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