How to Buy Bitcoin or Other Cryptocurrencies on iPhone

by -85 views

Cryptocurrency is ‘in’ these days. Virtual money has gained popularity over the past couple of years. With Bitcoin crossing the $50,000 mark recently, many people thinking of investing in information technology. Here’s how you tin can buy bitcoin or other cryptocurrencies on your iPhone and iPad.

Before you invest in Bitcoin or any other cryptocurrency, make sure to read about what they are and how they function.




Trading cryptocurrency is as unproblematic as downloading an app, registering on the service, and kickoff buying and selling. With and so many apps on the App Store, information technology becomes difficult for one to settle down on one app before yous commencement trading. We accept found Coinbase to be reliable and one of the fastest ways to trade cryptocurrencies. Here’s how you can merchandise cryptocurrency using Coinbase on iPhone and iPad.

How to Purchase Bitcoin or Other Cryptocurrencies Using iPhone

coinbase logo

Coinbase is ane of the trusted platforms to buy and sell cryptocurrencies. It allows you to trade 25 different cryptocurrencies and works across over a hundred countries worldwide, including the United States, Uk, Canada, and Singapore. It’s ane of the longest-running cryptocurrency exchanges and has over 25 million users on board.

There are some caveats, though. In some countries like India, New Zealand, and Brazil, it only allows you to convert cryptocurrency into the local currency. It doesn’t let you to purchase cryptocurrencies. Coinbase has a really helpful folio regarding whether your country allows buying and selling of cryptocurrency. Check it out hither.


Download –Coinbase

Step i: Sign upwardly on Coinbase





Offset, y’all’ll demand to sign upward on Coinbase. You can sign up via both the official Coinbase iOS app and past visiting the Coinbase website. There are a few things to notation before y’all sign upward for the service. You must be at least 18 years former earlier you sign up on the platform, y’all’ll need to verify your business relationship via a One Time Passcode sent to your mobile number, and y’all’ll need to submit a regime issues photograph ID to verify yourself.

Note:Usethis link
to signup for Coinbase. Once you buy or sell $100 of digital currency or more, you will get $10 worth of costless Bitcoin.

Step 2: Verify Your Coinbase Account

coinbase verification iPhone
coinbase verification iPhone 2

Once you’ve signed up, you lot’ll need to verify your Coinbase account past submitting a government-issued photo ID. To do this, follow these steps on your iPhone.

  • Open up the Coinbase app, and click on
    Settings
    at the lesser right.
  • Select
    Limits and Features
  • Tap on
    Enable ship and receive.
    If you tin can’t see the option, you’ll need to head over to the Coinbase document verification page.
  • Select your certificate type
  • Follow the prompts to upload your ID document

One time the documents are submitted, you need to wait for Coinbase to verify your account. In my case, it took a piddling over 30 minutes before my account was verified.

Step 3: Add together a Payment Method

To buy cryptocurrency on iPhone, yous’ll need to add a payment method (like a credit card, debit card) to the app. To link a payment method:

  • Tap on
    Settings
    on the lesser
  • SelectAdd together a payment method.
  • Select the blazon of payment method you lot want to add. In the United States, Coinbase offers payment methods similar Debit Carte, PayPal, Wire Transfers, and Banking company Account.
  • Depending upon the payment method y’all’ve added, the speed of the top-upwards volition vary. For example, wire transfers accept ane-iii business organization days, and debit carte payments are instant.
  • You’ll as well need to consummate verification depending on the type of payment method beingness linked.

Step four: Buy Cryptocurrency

  • Tap at the lesser.
  • Select Buy, then select the cryptocurrency you lot would like to buy.
  • Enter the amount in your local currency.
  • ClickPreview Buy to review your buy
  • After checking all the details, click
    Buy at present
    to complete your purchase.




Read:
The Best Stock Trading Apps for iPhone

Coinbase Alternatives

Only in case Coinbase doesn’t work in your country, or if you’re having problems using it, these are the alternatives to look for.

  • Greenbacks

cash app iphone stock trading

Greenbacks is 1 of the most used peer-to-peer payment platforms in the United States. Not just it allows you to invest in cryptocurrencies, merely it also allows you to invest in stocks and even ETFs, thereby diversifying your portfolio. It has one of the best user-friendly interfaces and is elementary to apply.

Using the Greenbacks app, you tin can fifty-fifty withdraw your cryptocurrencies to an external wallet. Cash is a good alternative to Coinbase if yous’re looking to enter the cryptocurrency trading world. The simply con, though, with the Cash app is that it simply allows you to buy and sell Bitcoins. Other cryptocurrencies like Etheruem and Litecoin be supported later on.


Download –Cash

  • Binance

binance stocks iPhone





Binance is one of the world’southward about pop cryptocurrency exchanges. It was launched in 2022 and has gained millions of users since. One of the key distinguishing factors of Binance is that information technology offers trading in more than 50 cryptocurrencies. That’s more than than both Cash and Coinbase. However, there are some limitations also. Binance isn’t supported in xiii U.S. states, and you lot cannot deposit USD directly. You accept to make the purchase via debit or credit cards.

➤ Download – Binance


Have you invested in Bitcoin or any other cryptocurrency so far? Which app have you used for purchasing Bitcoin? Please drop a comment and let us know!


Source: https://www.iphonehacks.com/2021/03/buy-bitcoin-iphone.html

Posted by: Sadiyev.com