A Beginner’s Guide On How to Buy Bitcoin and Other Cryptocurrencies (2 of 3)

2. Fund Your Account

When you open an account, you might be asked to provide information about your identity. You will also be able to link your bank account or debit card. Note that simply putting money into your crypto account isn’t the same as investing. You actually need to take an additional step and exchange your dollars for whichever crypto you choose.

3. Place an Order

Once you’ve deposited money into your crypto account, simply enter the amount of dollars you want to trade for the crypto, purchasing it at the current rate (minus fees). If you are a more active trader, using the Coinbase Pro platform allows you to buy either at the market rate or when the price falls to the price point you’ve set. Note that you don’t have to fork over $36,000 to buy a single Bitcoin. Instead, you’ll buy a fractional share of the coin (i.e., investing $3,600 worth means you own 0.10 of Bitcoin).