Contents
A step-by-step guide to buying crypto on Coinbase Wallet. Learn how to set up your Wallet, add funds, and make your first purchase.
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Introduction
Coinbase Wallet is a cryptocurrency wallet that stores the private keys for your Coinbase account. You can use it to send, receive, and store cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. In order to buy crypto on Coinbase Wallet, you’ll need to first create a Coinbase account and link your bank account or debit card. Then, you can use the Coinbase Wallet app to buy crypto like you would on any other cryptocurrency exchange.
What is Coinbase Wallet?
Coinbase Wallet is a mobile cryptocurrency wallet that allows you to securely store, send and receive crypto on the go. Coinbase Wallet is a software wallet that is fully decentralized and gives you complete control over your private keys. This means that you are the only one who has access to your wallet and your funds. Coinbase Wallet also supports coinbase’s new protocol, DAI, which allows you to hold multiple currencies in a single account.
Coinbase Wallet is available for iOS and Android and can be downloaded from the App Store or Google Play.
How to Buy Crypto on Coinbase Wallet
Coinbase is one of the most popular cryptocurrency wallets and exchanges out there. In this guide, we will show you how to buy crypto on Coinbase using the Coinbase Wallet app.
1. Download and install the Coinbase Wallet app on your mobile device.
2. Open the app and tap “Buy Crypto.”
3. Enter the amount of crypto you want to buy, or tap “MAX” to buy all of the available crypto in your wallet.
4. Choose your payment method and tap “Continue.”
5. Enter your billing information and tap “Pay Now.”
6. You will be asked to confirm your purchase. Tap “Yes, I’m sure.”
7. Your crypto will be sent to your Coinbase Wallet!
Fees
Coinbase Wallet doesn’t charge any fees when you buy or sell cryptocurrency. The only fees that may apply are network transaction fees, which go to the miners who confirm transactions on the blockchain. When you buy or sell cryptocurrency, we’ll show you the fee in advance so you can decide whether to go ahead with the trade.
Supported Cryptocurrencies
Coinbase supports a subset of digital currencies, as well as fiat currencies in some countries. Coinbase products are not available in all countries. To see what’s available in your country, please visit our supported countries page.
You can use your Coinbase Wallet to buy, sell, store, send, and receive the following cryptocurrencies:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
OMG Network (OMG)
USD Coin (USDC)
Basic Attention Token (BAT)
Zcash (ZEC)*
New York State residence only*
Algorand (ALGO)*
United Kingdom only*
Stellar Lumens (XLM)*
All countries except New York State, Washington State, Hawaii, and Alaska*
0x Protocol Token (ZRX)*
Security
When it comes to buying crypto on Coinbase Wallet, security is paramount. Here are a few tips to help you stay safe:
-Never share your key with anyone, not even Coinbase Wallet staff.
-Only store a small amount of crypto on your device. The rest should be kept in a secure offline storage wallet.
-Make sure your device is free of malware and viruses before installing Coinbase Wallet.
-Regularly back up your key and store it in a safe place.
Conclusion
Now that you know how to buy crypto on Coinbase Wallet, you may want to consider investing in a hardware wallet for added security. Hardware wallets are small devices that connect to your computer or phone and store your private keys offline. This means that even if your device is lost or stolen, your funds will remain safe. Ledger and Trezor are two of the most popular hardware wallets on the market.
