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This also helps us get in touch with you if ever required. Carefully read through our instructions and the terms and conditions of the verification process. On the Green ID application page, you will be required to verify your identity against 1 source of government ID. Along with your ID, you will need to verify your current residential address. Fines, police checks, etc.
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First of all, need some background information about what Bitcoin is? It's a digital currency used mostly for online purchases and as an investment, albeit a very risky one. It is not sponsored by any government. You can also buy them with dollars or nearly any other currency. While there are some stories of people making a fortune on Bitcoin in , many people lost as it fell from its peak. This can be an online digital wallet attached to the account where you buy and sell, a program on your computer or a physical device you plug into your computer.
You can transfer Bitcoin and use them for purchases at some rare stores on and offline. But when transacting in Bitcoin, beware of large transfer fees when going back and forth between coins and other currencies and even transferring to other digital wallets. So, where can you buy Bitcoin? Read on to find the best places to pick up Bitcoin today.
Coinbase is the biggest and most respected Bitcoin platform in the United States. It offers both an exchange and wallet in one, making it one of the easiest places to start with Bitcoin.
Coinbase also supports Bitcoin Cash, Ethereum, and Litecoin. Once you sign up and connect your bank account, you can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at will. Coinbase charges a variable percentage fee of 1.
Purchases with a credit or debit card add on a 3. Robinhood started as a fee-free stock brokerage and recently expanded into the world of digital currencies.
The best part: No fees! You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform.
Robinhood supports cryptocurrency trades and market data right in its mobile app. Your coins are stored in the same Robinhood account you use for your stocks and share a login. Robinhood is mobile-first but you can also trade on desktop, and it may be best for people comfortable managing money from their phone or tablet. The biggest downside is that Robinhood does not work in every state for cryptocurrency trades as of May But if you do live in one of those states, Robinhood Crypto is a great option to get started in Bitcoin trading.
This is another mobile app where you can buy and sell Bitcoin with no fees. The Cash app is already great for sending money to family and friends for free similar to Venmo.