Now, if you're with someone who has a Bitcoin account and knows what they're doing, you and that person can easily exchange money using QR codes Here's where things get tricky.
Bitcoin is not a stable investment. Mere moments after you buy bitcoin, it could be worth a lot less.
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That's sort of the fun Skip Navigation. Markets Pre-Markets U. Key Points. Bitcoin is bound to be the topic of holiday parties this year, so why not gift some? CNBC walks you through how to buy bitcoin and then how to send it to someone as a gift It's pretty easy, just beware that it's a very volatile currency!
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VIDEO Digital Original. Make a note that whoever you're sending Bitcoin to should also have a Bitcoin wallet, like Coinbase, if they don't already. After all, they'll need somewhere to store their new currency. Coinbase is the go-to app right now for folks looking to acquire a bit of bitcoin.
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It's the app I used in my original " how to buy bitcoin guide ," too. Create an account at the login screen and you're on your way. Tap "Buy" button on the home screen, you'll be prompted to add a payment method.
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Next you'll add a bank account for buying large amounts , or a credit or debit card for smaller amounts. I chose to add my debit card, since the transfer is instantaneous instead of taking several days, but you can use any option you prefer.
Open Coinbase and tap "Buy" on the bottom of the screen. Review the transaction details, to ensure everything is correct, then complete the SMS verification using your smartphone. Step You should see a message indicating that the transaction was successfully completed. It will look like this:. Step Please allow as many as hours for the transfer to appear in your Bittrex wallet. How to Transfer Bitcoin from Coinbase to Bittrex.
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And in many cases, the prices of smaller exchange-traded coins are influenced by Bitcoin prices. It will look like this: Step Please allow as many as hours for the transfer to appear in your Bittrex wallet. Coinbase will email you a receipt for your records.
Once the transfer has occurred, you will see it reflected per your Bitcoin balance in both Coinbase and Bittrex.