Coinbase is one of the worlds most popular places to buy bitcoin in the world. But is it a great option for buying Bitcoin if you’re Australian? We look at some of the pros and cons of Coinbase.
Buying Bitcoin on Coinbase
Coinbase is one of the easiest places to buy Bitcoin. They have done an excellent job at making the entire experience straight forward. So even if you’re brand new to Bitcoin, you’ll have no trouble buying. Coinbase also offers a good cloud wallet for storing small amounts of Bitcoin, that is considered to be quite secure.
In Australia, Coinbase only lets you buy Bitcoin with a credit card. This has some upsides and downsides. On the positive side, it means you can buy Bitcoin instantly. It’s no harder than online shopping. The downside is they do limit the amount you can buy each week and there are also some fees you need to be aware of…