Looking For A FIAT Onramp Into The World of Cryptocurrency? Coinbase Is For You!
Coinbase is one of the only platforms to allow customers to purchase cryptocurrencies with legal tender. After going through their verification process, you will be able to purchase four different cryptocurrencies. These are Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Upon choosing which cryptocurrency you wish to purchase, you will have two different payment methods. The first allows customers to receive their cryptocurrency instantly via using a debit/credit card. The catch is that you will have to pay a slightly higher fee (around 4%). The other option allows customers to use a bank account. However, the catch here is that you will not have access to the cryptocurrency for 3-5 business days, but you save yourself some fees by only having to pay 1.99%.
Once you have received your cryptocurrency via either method, you will then be able to withdraw and send to another exchange such as Binance, where you will have the ability to trade a plethora of more cryptocurrencies against pairings such as Bitcoin and Ethereum.
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