How to Buy, Sell and Spend Cryptocurrency

How to Buy and Sell Cryptocurrency

Now that you know what cryptocurrency is, it is time to buy some for yourself?

Unfortunately, cryptocurrency can’t just be bought on any exchange; it requires the use of a cryptocurrency exchange or online trading platform to make a purchase.

There are many cryptocurrency exchanges available for you, but few are as easy and secure to use as Coinbase. With Coinbase you can buy and sell the most popular cryptocurrencies — such as Bitcoin, Ethereum, Litecoin, and more — in an instant and with low fees.

Once you have purchased cryptocurrency, you can then use the Coinbase Vault or Wallet to securely store your cryptocurrency until you are ready to sell it, spend it, or send it to a friend.

How to Spend Cryptocurrency

In addition to transferring money, you can also use cryptocurrency to make purchases. The list of items that you can buy with digital currency increases as more merchants see the advantage of offering a wider variety of payment options.

People have used cryptocurrency to purchase everything from high-end real estate (with Bitcoin payment service providers like BitPay) to pizza (services like Pizzaforcoins allow you to order from chains like Domino’s, Pizza Hut, and Papa John’s). In fact, the first purchase ever made with Bitcoin was two pizzas for 10,000 Bitcoin.

You can even use your Bitcoin to hitch a ride into space aboard Virgin Galactic. If your lifestyle is a bit more down to earth, you can now spend cryptocurrency at online retailers like Overstock.com. (Overstock has partnered with Coinbase for Bitcoin payments)