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Coinbase Review: How to Buy Bitcoin

If you are interested in getting involved in the world of cryptocurrency investing and trading with Bitcoin, Ethereum, Litecoin, etc. but not sure how to buy, Coinbase is a solution that should be considered. Are they legit? How is the sign up process? What are there fees? I go over that and much more in this review that is based on my personal experience using Coinbase.

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Transcript:

You are interested in investing into some crypto currencyyou've heard of Coinbase, what do I think?Are they worth, or they are not worth it?I'm gonna do a review, and give you my thoughts.I am not an investment advisor,I would just say that if you are thinkingof investing, trading, whatever you wanna call it,in the crypto currencies, then just make surethat it's money that you can afford to lose,light on fire, and it doesn't affect your life in any way.The last thing you want is, for you to make an investmentand then you lose the money,and then all of a sudden you and your family,are living under a bridge begging for money.So, if the money could put you in that sort of situationstay away from it.This point forward though,if you have some disposable income, literally disposablethat you want to, put into the crypto currency market,how could you do it?Maybe you've seen Coinbase, maybe you haven't heard of themand you're wondering, how do I get involvedin the crypto currency market?Well, Coinbase is, pretty much...I would call it, the leader out therein terms of a way to get involvedin the crypto currency market.But the first thing always becomes,well are they legit?And to give a little bit of context here,I use Coinbase for my crypto currency investments.So, this is both a review that's based on,just information on the website,and then kind of my thought process going through,and why I ultimately selected them.So, I guess that's kind of a spoiler in a sense.If I'm using them,there's price and pretty good things going on.So, I guess we'll call this a review,or maybe we can just look at it as,why I chose to go with Coinbase.So are they legit?Well, there are two things that stuck out in my mind,is first they are in the USA, in San Francisco.And then the second, when you look at their site,in the about section, they've raised,at this point in time, this could always changedepending on when you watch this video.But as of right now,over $270 million, and if this was some just scam,some fly-by-night operation,they wouldn't have raised 270 million,I guess just because they are in the USAdoesn't necessarily mean anything.But you know that's $270 million, that's a lot of dollarsand then on top of this, what's there track record?What's just overall history?They've been around since 2012.So, you factor these all togetherand I reached a level of comfortwhere yeah, I'm willing to proceed further.So, how does it go in terms of signing up?So, let's take a look at the sign-up processand as far as signing up, if I had to summarize this,I will just use one word, very, very easy.Now, at first it was uh,this seems little too good to be true,a little too easy.But the thing that I liked about it,was that during the sign-up process, yeah it was easy.But there is all sorts of verification,that needed to be done.What's your phone number?We're gonna text you a certain code,we're gonna email you this.To really make sure that, you were, who you said you were,in terms of, like I said, phone numbers, text messages,sending you codes.It was a good system, that again,put me at ease and made it feel that much more legit.So, sign-up process very, very easy.Now once you get signed up, how does it all work?Well, the next big question always becomes,well, how do you fund?So, how do you fund the account?How do you get money available to trade?And again, easybut I'm gonna add in the words scary, easy.I cannot believe just how straightforward it was,to all of a sudden, start getting involved,start making purchases.And even to the point of credit cards,that they will allow you to use a credit card.So, just quickly I wanna circle backto the whole thing up front.Only use money that you can afford to lose,and make sure you...I'm not gonna this to a personal finance lesson,but if you're gonna use credit card,please make sure that you have money availableto pay off that credit card balance.Because if you don't have money,and you're just using a credit cardand things go south, that's a great way to just,kind of I don't wanna say ruin your life,due to the minimums that they haveand I'll talk about that in a second.But it just kind of put a damper on thingsand hang a anchor around your neckthat didn't need to be there in the first place.So, scary, easy, in terms of funding the account.Now, I mentioned limits.So, when you do sign up, there are limitsI'm not gonna give a certain amountbecause that could always change in time.But as when I signed up, and at the time of this videothere is a limit, for credit cardsfor the different purchase options.And you can't overcome this limits.So, if you're thinking oh, wait,they're gonna limit me on the amount that I can do?Kind of.But you can overcome these, you just need verificationin the form of some sort of ID.And then you can start to make a certain amountso a number, of your dollar amount purchases.Buy this amount, and then you will increase.Okay, now I'll buy this amount, and it'll increase.And then as far as the ID, that was once again,kind of the theme here, very easy to set about.They had, you could use your WebCam,you could just use...Upload something, directly to the computer.So, very easy to get your ID in place,and to just kind of get that next level verificationwhere as far as these limits are concerned,you could then begin to raise them.Now, the one thing that I would probably be prepared for,again, this does come about in terms ofwhen you're watching this.If you're watching this three, four years from now,maybe the whole crypto currency marketis more widely accepted, who knows,maybe it doesn't even exist anymore.And you're laughing at me because I put money into it.I don't know, we'll see where it's atthree to four years from now.But as it stands right now, it's still pretty speculative,so I would expect going in, in terms of fraud.Now, not fraud in the sense of anything shady is going on,but my first attempt to buy was rejected,and my bank the way it is set up,I got a text message saying,"Hey, did you attempt to do this?"And I had to verify, yeah I did attempt to do it,and then I had to resubmit the order again.So, I mean don't be shockedif there's some sort of original rejectionon your bank's part, and doesn't allow you to do this,because yeah, things are a little sketchy right nowat the time of this video.And for my sake hopefully it becomes wider,and more normally accepted,where two, three, four years down the line,banks are like yeah, whatever,it's a crypto currency,and that's a lot more widely accepted.But right now, yeah,if you get something that pops up in this senseI would say that's perfectly fine.Do I need to talk about anything else?Oh, the one thing here,that I've seen how to gain some Coinbase,and I'm not gonna say that it's not justifiableor anything like that.But cost.So cost fees.In this regard, they are pretty highbut the way I kinda just rationalize thismy perspective,if you wanna to do more shop around fine,but for me Coinbase, I just wanna gowith somebody that's established, 2012.That just seems most legit.So, for me to gain peace of mind in this regard,I'm gonna pay a little bit more,but on top of that, within the grand scheme of thingif crypto currencies, is some sort of new...It's here to stay, and it keeps on growing and growing,then the amount that you are charging fees,is gonna be massively washed awayby the fact of, hey,the investment has grown that much more.I believe, actually I have no idea.I'm just doing this to diversifyand I'm using money that, if it disappears, so be it.But I don't wanna be one of these peoplethat, "I wish I would have."So, I had some money, but in the eventit does go big and keeps going big,and keeps going big, then yeah, those fees don't care.They'll be drops in the bucketcompared to what could happen, if things go well.So, yeah, fees.That's an arguing point, but over all,very, very pleased.Very, very...They eased my skepticism,and they made the process extremely straightforwardmay be a little too straightforward I guesswhen you can have somebody out therejust buying with their credit card within several minutes.That's a little scary.But assuming and hopefully you're responsiblewith money and your personal finances,from that point of view,I really don't have that many complaintsand I would say, definitely give them a try, againI let the cat out of the bag earlier, I personally use them,so this is who I would recommend.And if you wanna learn more, I'll put a link down below.Just for disclosure, that link is an affiliate linkand right now I don't know how long this deal is gonna go onbut if you use the link below,you're gonna get $10 of free bitcoin,and hey, to get paid $10for taking a split second to click on a link.I'd say that's a pretty nice little payment there.Now, I don't know how long that's going to last,or if you're just like, "Clearly you're a scum bag."I don't want you to make anything at all."Well, full disclosure, that is an affiliate linkand if you don't want the $10 of bitcoin or whatever,because you don't want me to get anything,then hey, that's your prerogative, but full disclosure,it is an affiliate link.So, those are my thoughts.I would go with them, I would definitely give it a try,and if you feel uneasy or whatever, then hey,that's your personal preference.But I think that it's at least worth researching moreand seriously considering if you do wanna get involvedin the crypto currency market.If you are out there trading alone currentlyand maybe are in the market,looking for a community to join.To assist you in your trading, or to just help you,give you another set of eyeballs.Then I do have a private trading community.Where you can trade alongside me,and other experienced traders.So, what you see popping up on the screen right now,is both an information link.So, if you click on the inner circle one,that is gonna take you to the page,where I explain all the details,of what exactly come with the community.Both the chatroom and the newsletter.And then the other image that is popped up,is the behind the scenes tour,where you can see exactly what is going to be containedwithin the community.I take you through like I said,a behind the scenes tour of everythingand that way you'll know, precisely,what you are getting when you join.So, definitely check that stuff out if you are interestedand thinking about wanting to join a community,and let me know if you have any questions.

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