Level 1: Coinbase Beginner's Guide
Learn to safely buy, sell, and manage cryptocurrency
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Learn to safely buy, sell, and manage cryptocurrency
Back to LevelsWhen you send some Coin or Token, you're helping me build this website and supporting the entire crypto community. Every donation makes a difference!
You can send any coin to the following address on any of these networks: Ethereum, Polygon, Binance Smart Chain, or Base.
Do not send Bitcoin to this adress.
This is a Metamask Wallet adress
0xc775F581F11f5c01B75c53d88CD25bdF3Acc117d
Thanks so much for your generosity—it really helps a lot!
The goal of level 1: you will confidently be able to make a bitcoin purchase using the Coinbase app.
Make sure you have read everything and go through all the information on this page
We focus on the Coinbase app because this is the most widespread and centralised platform.
With them you you dont have think about it being legal or unsafe. They are the biggest and best platform by regulation in the world.
The only safer way to store your bitcoin is on a device you own yourself. But thats a different lesson for a different day.
Go to coinbase.com/ Go to your appstore and download Coinbase
Click back "Get Started"
Enter your full legal name
Verify your email address
Add a phone number for 2FA security
Complete ID verification (government-issued ID required)
You’ve successfully created a Coinbase account! This gives you access to buy, sell, and manage cryptocurrencies securely.
The ID verification ensures compliance with regulations and protects your account.
Log in to your Coinbase account. Open the app or website and enter your credentials to access your account.
Click on "Trade" and then "Deposit". This is where you’ll add money to your account.
Select your currency. Choose between USD, EUR, GBP, or whatever your local currency is.
Choose payment method:
Bank transfer (recommended): It’s cheaper, but it might take a little longer.
Debit/credit card (higher fees): It’s faster, but you’ll pay a bit more in fees.
Enter the amount you want to deposit and confirm the transaction.
💰 Your funds should appear in your Coinbase account almost instantly. While Coinbase says it can take 1-5 business days (and that was true back in 2017), these days, deposits usually show up in just a few minutes.
✨ Keep Learning! ✨
Go to "Trade" and then "Buy". This is where you’ll start the process of buying Bitcoin.
Search for Bitcoin (BTC). It’s usually at the top of the list, but you can type it in if needed.
Enter the amount you want to buy in your local currency. For example, you might decide to buy €100 worth of Bitcoin.
Review the fees. Coinbase typically charges 1-3%, so make sure you’re okay with the cost before proceeding.
Click "Preview Buy" to see the details of your purchase. Double-check everything to make sure it’s correct.
Confirm the transaction. Once you’re happy with the details, go ahead and confirm.
Your Bitcoin will be added to your Coinbase wallet almost instantly. You’ll see it in your portfolio, and you can track its value as the market changes.
✨ Always Try Small. Next Step, Upgrade! ✨
Ai image of a small child that has a bitcoin.
will you gain more then this child? Level up!
You open your Coinbase app and head to the "Trade" section.
You click on "Sell" and select Bitcoin (BTC) from the list of cryptocurrencies.
You choose how much to sell—whether it’s a specific amount or a percentage of your holdings.
You set the destination as "Cash (USD)" (or your local currency, pke EUR or GBP).
After reviewing the details, you confirm the sale.
You navigate to the "Portfolio" section and click on "Withdraw."
You select your linked bank account (the one you set up earlier).
You enter the amount you want to withdraw and confirm the transaction.
Confirm transaction
⏳ The money is sent to your bank account. While Coinbase says it can take 1-3 business days, in most cases,
the funds appear in your account almost instantly.
The Big Picture:
You’ve successfully turned your Bitcoin into cash and moved it to your bank account.
It’s a seamless process, and now you can use the money however you like—whether
it’s paying bills, treating yourself, or reinvesting in something new.
When you send some Coin or Token, you're helping me build this website and supporting the entire crypto community. Every donation makes a difference!
You can send any coin to the following address on any of these networks: Ethereum, Polygon, Binance Smart Chain, or Base.
Do not send Bitcoin to this adress.
This is a Metamask Wallet adress
0xc775F581F11f5c01B75c53d88CD25bdF3Acc117d
Thanks so much for your generosity—it really helps a lot!
