Like stock markets, cryptocurrency market is also volatile and its sudden rise and fall can make you prosperous or pauper in no time. Bitcoin is a cryptocurrency that has witnessed constant rise over the years, and therefore, people are keen to invest their money. If you are willing to purchase and sell Bitcoin, you can do it from the comfort of your iOS and Android devices. Not yet convinced? Here is how to buy and sell Bitcoin from iPhone and Android
Crypto traders are always looking for the movement of cryptocurrency, and their smartphone is the handiest tool to keep an eye on Bitcoin. To make life more comfortable, you can use Coinbase app on your iPhone and Android. While buying or selling Bitcoin, security should be your prime concern, and this is the reason why experts rely on Coinbase app.
How to Buy and Sell Bitcoin on iPhone and Android
Table of Contents
How to Setup Coinbase on iPhone and Android
Step #1: Once you download and install the app, open it; enter your email id and password to create your account.
Step #2: Now verify your identity; note that it will take some time. The process may take more than two hours some time.
Step #3: Then connect your bank account.
The setup process is not yet completed as it will take a few days before you can actually use the app to buy and sell Bitcoin.
How to Buy Bitcoins from iPhone and Android
When your identity is verified and your bank account is connected with the app, you are all set to buy Bitcoins.
Step #1: Open Coinbase on your iPhone or Android and go to the home screen of the app (if you are not there already).
Step #2: Next, tap on menu button from the upper right corner.
Step #3: Now you need to select Buy/Sell option from the menu.
Step #4: You can see current price of Bitcoin at the top; next, tap on Buy button from the top and then enter the amount of Bitcoin you want to buy. You are supposed to enter the amount in local currency.
Step #5: Then select the Wallet in which you want to deposit Bitcoins.
Step #6: Select payment method.
Step #7: Last, you need to authenticate.
How to Sell Bitcoins from iPhone and Android
Step #1: Open Coinbase on your iPhone or Android.
Step #2: Now tap on menu button from top right corner and select Buy/Sell.
Step #3: Next, tap on Sell from the home screen.
Step #4: Here, you have to enter the amount of Bitcoin you want to sell.
Step #5: Make sure you enter the amount in local currency; then, choose the bank account you wish to withdraw to.
Step #6: Finally, you need to authenticate.
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Are you using the first decentralized cryptocurrency? Bitcoin, which has now become a digital asset, was first introduced in 2009. The digital currency is surely going to be accepted worldwide. What is your view on Bitcoin? Share your feedback with us on Facebook, Twitter and Google Plus.