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Buy Bitcoins at Coinbase

Unfortunately there aren't too many places where you can buy Bitcoin at present. This will hopefully change later in 2018. Here at Hodling Bitcoins, we recommend Coinbase, Cex.io, and BitPanda. Feel free to check out all websites listed above but for the example below, we will use Coinbase

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You will need the following if you live in UK. A Bank Account with (ideally) a Debit Card. A mobile phone to connect with your account. An email address to connect with your account.  If you live in the US you may need your social security number.

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Stage 1: You will be asked to enter your First Name, Last Name, Email Address, Password, and your address. Please make your password very strong.  Write down your password and keep it somewhere safe - and also make a backup of this password.

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Stage 2: You can connect your PayPal Account (if you live in USA - not yet available in the UK), your Bank Account, or Credit/Debit Card to your Coinbase account via the "add payment method page".

However, we recommend that you pay via Debit or Credit card for an instant transaction when purchasing Bitcoin.

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Coinbase will verify your account and you are one step closer to buying your Bitcoins. This is usually immediately.

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Stage 3: Go to the “Buy/Sell” section in the top menu. If you want to buy Bitcoin cryptocurrency click "Bitcoin".  Input the amount of Bitcoin you wish to purchase. Click the “Buy Bitcoin” button, and you’ll be asked to confirm the transaction. If the transaction is £71/$100 or more you will receive a further £7.00/$10.00 free.

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Once you have confirmed the transaction you are now the proud owner of a Bitcoin (or part of a Bitcoin).
You can now purchase other alternative coins with your Bitcoin purchase - more on that later.

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Coinbase only allows you to trade in 4 coins: Bitcoin, Ethereum, Bitcoin Cash & Litecoin. To buy other alternative coins you can transfer your Bitcoin funds to an exchange . This is explained in the next article. It's very straightforward - trading via an exchange will open up a new world.

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For every friend that you refer to Coinbase you will receive £7.00 (your friend also receives £7.00). There is no limit how many friends or family members you can refer. Once you join via the link you'll also receive £7.00 once you make a purchase of £71 or more.


Below you will find other websites where you can purchase Bitcoin such as BitPanda and Cex.io

Sign up to BitPanda Bitcoin exchange

BitPanda is a bitcoin broker that lets you buy and sell Bitcoin, Ethereum, Dash, and Litecoin. The exchange is based in Vienna, Austria.  BitPanda made headlines in 2017 for introducing its all-in-one Ether wallet to the platform. 

Sign up to Cex.io Bitcoin exchange

CEX.IO was launched in 2013, as both a Bitcoin exchange and cloud mining service. Currently based out of London, CEX.IO has built a solid reputation over the years. At Hodling Bitcoins we would recommend both Cex.io and Bitpanda along with Coinbase.

Low fees at Binance

We now recommend you transfer your Bitcoin funds (or part of your funds) to a trading exchange website such as Binance. This opens up many avenues to purchase different alternative technology coins such as NEO, Cardano, Verge and Ripple.
Please see part 2 which explains how to do this.

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