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This is largely written for Singapore residents, but foreigners can use this as a guide to buying Bitcoin regardless of where you are located. And mind you, I did ask! The answer was always:. Their workshops were mostly a preview — for them to up-sell their thousand-dollar course. After evaluating both apps and asking both my friends in Singapore and abroad, I decided on using Coinbase instead. Some of the key reasons driving my choice came down to which site had more users, a higher level of security and more trustworthy team including an ex-Google software developer , as well as the fact that Coinhako had their bank accounts abruptly shut by our local banks quite recently.
Prepare your documents for verification. This is needed as part of the KYC know your customer process, similar to that of a bank or stock exchange. Download an authenticator app, like Google Authenticator.
Coinbase used to send an SMS to your registered phone number as their 2FA method, but this has since been switched to a digital authenticator. Scan your QR code in your authenticator app to link to Coinbase. Create an Xfers account here using your registered phone number with Coinbase: Write down your secret seed…. Or, a fraction of it.
You should soon see this email:. You can buy Bitcoin for as little cash as you want! The process is extremely fuss-free. This article originally appeared on SG Budget Babe , and is republished here with permission. Type and hit enter to search Search. The answer was always: Enter your email to read the full article. Vulcan Post shared this article with you. Subscribe to Vulcan Post Newsletter Stay updated with our weekly curated news and updates.