Quote Originally Posted by AlwaysAway2 View Post
I am now using Coinbase to buy using my credit card.
It is easy you simply scan your passport or other ID document and provide a credit card details to use to buy.
If you sell cryptocurrency it goes into a Sterling or Euro wallet again with Coinbase.
When you first want to withdraw money they make you go through some hoops because of money laundering regs.
that said I am accumulating a modest holding of crypto as i want skin in the game for the long haul.
As soon as I have bought i transfer my cryptocurrency...Bitcoin...Litecoin away from Coinbase into a private wallet Bread wallet (Bitcoin) Loaf wallet (Litecoin) on my iPhone.
When I have say £500 worth of Crypto I get my Trezor out and move the Crypto offline to my cold wallet.
Do yourself a favour, when buying or selling Bitcoin, Ethereum or Litecoin, don't use Coinbase, the fees are too high, use GDAX instead. GDAX is actually owned by Coinbase and you just use the same user information and password that you use for your Coinbase account ... just go to www.gdax.com and log in as you would on Coinbase. You can transfer your cryptocurrency or flat currency instantly and free of charge.

Now here's the reason why you should use GDAX instead: - the cheapest fee on Coinbase is 1.5% (buying/selling), while on GDAX it's 0.3%. However, the great thing about GDAX is that you can buy and sell WITHOUT ANY fees! You just use a limit order instead of a market order and it doesn't matter if you sold a million pounds worth of cryptocurrency with a limit order ... there will be no fee.

The GDAX exchange is not as newbie-friendly as Coinbase but you'll soon get the hang of it and it has some great tools which Coinbase doesn't have.