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I don’t know, for buying and selling Coinbase seems to be pretty user friendly. You can sign up for an account, link it to your bank account and start trading i

I don’t know, for buying and selling Coinbase seems to be pretty user friendly. You can sign up for an account, link it to your bank account and start trading in minutes. Not sure how much easier it could get.

siculars 9y ago
Right, I was gonna say that Coinbase is currently the best way to buy and sell coins today. I can say that as I have accounts on a number of exchanges. Still, Coinbase does not let you know that they also operate GDAX.com, where you can "make a market" and buy/sell for no fee. A buy/sell on Coinbase is basically a market order on GDAX.
- syntheticcdo 9y ago
  Navigate to coinbase.com, scroll to bottom: Products - GDAX. Hardly a secret.
  - netsharc 9y ago
    Sigh... "You just had to go the basement bathroom past the sign that says beware of the leopard!" (To misquote Douglas Adams). I had to have a friend tell me that there's seamless transfer between yhr 2 systems, if they really wanted to let you know they would've had this trading capability as no. 4 in their "Getting Started"..
- tekromancr 9y ago
  The problem there is that you can't do instant transactions. You need to transfer cash, wait for that to be received by GDAX, then trade. Unless you keep cash on gdax/coinbase, you will still need to buy coinbase if you are buying an unexpected dip.
deleted 9y ago
[deleted]
superquest 9y ago
True. But even so, the average Coinbase user's reaction to receiving their first Bitcoin is "Now what do I do with it?" Both of my parents had this reaction. And the only use they've found so far is to gamble it on altcoins like they have in the past with penny stocks! So the whole "transferring coins or buying goods and services" part has a looooong way to go.
- wrinkl3 9y ago
  > And the only use they've found so far is to gamble it on altcoins like they have in the past with penny stocks! Which is really all cryptocurrencies are good for at the moment. Nobody in their right mind would use anything so volatile to buy/sell goods and services.
Kiro 9y ago
I used to tell people this when they ask me how to buy Bitcoin but then one day I helped a friend and no, Coinbase can be really unfriendly sometimes. We tried to verify his account 20 times and even though it sometimes said it was OK it actually wasn't. The page kept bugging out, getting stuck and all kind of nonsense. In the end we had to give up. Fwiw, this was outside the US.
- yann63 9y ago
  Same experience here. It tooks me DAYS to have a working coinbase account. Their process was a pains in the *, verification a nightmare.
brndnmtthws 9y ago
Please make sure you take your coins off of Coinbase (or any other exchange) as soon as you can. Here's a talk by the venerable Andreas Antonopoulos on this subject: https://www.youtube.com/watch?v=vt-zXEsJ61U https://www.youtube.com/watch?v=vt-zXEsJ61U
- koheripbal 9y ago
  tl;dr - Exchanges go bankrupt

siculars 9y ago

Right, I was gonna say that Coinbase is currently the best way to buy and sell coins today. I can say that as I have accounts on a number of exchanges. Still, Coinbase does not let you know that they also operate GDAX.com, where you can "make a market" and buy/sell for no fee. A buy/sell on Coinbase is basically a market order on GDAX.

syntheticcdo 9y ago
Navigate to coinbase.com, scroll to bottom: Products - GDAX. Hardly a secret.
- netsharc 9y ago
  Sigh... "You just had to go the basement bathroom past the sign that says beware of the leopard!" (To misquote Douglas Adams). I had to have a friend tell me that there's seamless transfer between yhr 2 systems, if they really wanted to let you know they would've had this trading capability as no. 4 in their "Getting Started"..
tekromancr 9y ago
The problem there is that you can't do instant transactions. You need to transfer cash, wait for that to be received by GDAX, then trade. Unless you keep cash on gdax/coinbase, you will still need to buy coinbase if you are buying an unexpected dip.

deleted 9y ago

[deleted]

superquest 9y ago

True. But even so, the average Coinbase user's reaction to receiving their first Bitcoin is "Now what do I do with it?" Both of my parents had this reaction. And the only use they've found so far is to gamble it on altcoins like they have in the past with penny stocks! So the whole "transferring coins or buying goods and services" part has a looooong way to go.

wrinkl3 9y ago
> And the only use they've found so far is to gamble it on altcoins like they have in the past with penny stocks! Which is really all cryptocurrencies are good for at the moment. Nobody in their right mind would use anything so volatile to buy/sell goods and services.

Kiro 9y ago

I used to tell people this when they ask me how to buy Bitcoin but then one day I helped a friend and no, Coinbase can be really unfriendly sometimes. We tried to verify his account 20 times and even though it sometimes said it was OK it actually wasn't. The page kept bugging out, getting stuck and all kind of nonsense. In the end we had to give up. Fwiw, this was outside the US.

yann63 9y ago
Same experience here. It tooks me DAYS to have a working coinbase account. Their process was a pains in the *, verification a nightmare.

brndnmtthws 9y ago

Please make sure you take your coins off of Coinbase (or any other exchange) as soon as you can. Here's a talk by the venerable Andreas Antonopoulos on this subject: https://www.youtube.com/watch?v=vt-zXEsJ61U https://www.youtube.com/watch?v=vt-zXEsJ61U

koheripbal 9y ago
tl;dr - Exchanges go bankrupt