How does investing through Coinbase result in receiving Bit Coin?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! When you invest through Coinbase, you are essentially buying Bitcoin on their platform. Coinbase acts as an intermediary between you and the Bitcoin market. Once you make a purchase, Coinbase securely holds your Bitcoin in a digital wallet. You can then choose to keep your Bitcoin in the wallet or transfer it to an external wallet. The process is straightforward and Coinbase provides a user-friendly interface to make investing in Bitcoin easy for beginners.
  467234
• Dec 27, 2021 · 3 years ago
  Investing through Coinbase is a simple process. First, you need to create an account on Coinbase and complete the verification process. Once your account is set up, you can deposit funds into your Coinbase account using various payment methods, such as bank transfer or credit/debit card. After your funds are available, you can use them to buy Bitcoin on the Coinbase platform. The Bitcoin you purchase will be stored in your Coinbase wallet, which you can access anytime. It's important to note that Coinbase charges fees for buying and selling Bitcoin, so make sure to check their fee structure before investing.
  615205
• Dec 27, 2021 · 3 years ago
  When you invest through Coinbase, you are essentially buying Bitcoin from other Coinbase users who are selling their Bitcoin. Coinbase acts as a trusted platform that facilitates the buying and selling process. Once you make a purchase, the Bitcoin you bought will be transferred to your Coinbase wallet. From there, you have full control over your Bitcoin and can choose to transfer it to another wallet or use it for various purposes. Coinbase is known for its security measures and user-friendly interface, making it a popular choice for beginners and experienced investors alike.
  583146