Bitcoin just hit an all-time high — here's how you buy and sell it

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We will be looking at 3 criteria:. My first bitcoin purchase was with coinbase, pretty easy on the verification. Just take sell bitcoin coinbase singapore ID photos and upload and wait about 5 to 10 minutes for the system to approve.

Layout and interface to buy is simple and easy. There's actually a 'hidden' sell bitcoin coinbase singapore not so direct to get lower fee using xfer. I wished i knew it when i just started. Coinbase is the 2nd largest exchange in term of bitcoin transaction volume. So the spread will be closer and filled faster. Coinbase lack the option to do limit buy and sell means setting a buy order and execute when bitcoin price come down and hit your target buy price or setting a sell order and execute when bitcoin price hit your target sell price.

Coinbase have another platform GDAX which offer a much much competitive fee 0. I would definitely switch over once it's available for Singapore. Their exchange fee for small amount is 0. They are prompt to email response too. I saw before orders of 8. FYB-SG sell bitcoin coinbase singapore you the option to do limit buy and sell means setting a buy order and execute when bitcoin price come down sell bitcoin coinbase singapore hit your target buy price or setting a sell order and execute when bitcoin price hit your target sell price.

Subscribe to the channel for updates, turn on bell notifications. See you at the next video! This is not financial advice, it's all based on my personal biased opinion.

Do your own research and put in the amount you can afford to lose. Funding the account Coinbase: Buying bitcoin from the exchange Coinbase: Selling bitcoin on the exchange Coinbase: Withdraw cashout cash out from exchange Coinbase: Here's a list of the bitcoin exchange that you can buy with SGD: We will be looking at 3 criteria: Fee when buying and selling Funding options, duration, any fee Withdraw options, duration, any fee Coinbase: To increase higher limit with coinbase, you sell bitcoin coinbase singapore to contact their customer service.

Thus if you can wait go for limit order with the price you want to buy. Trade interface, need to do calculation to buy the amount of bitcoin you want. Transfer bitcoin out to another wallet, fee is pretty high for small amount transfer. Authors get paid when people like you upvote their post.

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This is largely written for Singapore residents, but foreigners can use this as a guide to buying Bitcoin regardless of where you are located. And mind you, I did ask! The answer was always:. Their workshops were mostly a preview — for them to up-sell their thousand-dollar course. After evaluating both apps and asking both my friends in Singapore and abroad, I decided on using Coinbase instead.

Some of the key reasons driving my choice came down to which site had more users, a higher level of security and more trustworthy team including an ex-Google software developer , as well as the fact that Coinhako had their bank accounts abruptly shut by our local banks quite recently. Prepare your documents for verification. This is needed as part of the KYC know your customer process, similar to that of a bank or stock exchange. Download an authenticator app, like Google Authenticator.

Coinbase used to send an SMS to your registered phone number as their 2FA method, but this has since been switched to a digital authenticator. Scan your QR code in your authenticator app to link to Coinbase. Create an Xfers account here using your registered phone number with Coinbase: Write down your secret seed…. Or, a fraction of it. You should soon see this email:. You can buy Bitcoin for as little cash as you want! The process is extremely fuss-free.

This article originally appeared on SG Budget Babe , and is republished here with permission. Type and hit enter to search Search.

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