How to Buy Meme coins on Coin base
Introduction
Meme coins have grown in popularity steadily, most meme assets have registered impressive performance over the last few years, many people have turned thousands of dollars into millions of Dollars, this is a great opportunity to invest, disclaimer though, this is not financial advice , do your own research before investing your resources into a coin, i made a guide just for you detailing the steps that yo can check to ensure you do not get rug pulled check out click here , the steps to follow when buying meme coins on coin base are detailed below.
1. Create a Coin base Account
Visit the coin base website and create your account, this following the laid out steps including providing your personal information, your information is very safe with Coin base, they are a trusted organization by Millions. Verify your phone number and email on Coin base, this is so important because it adds an extra layer of security and proves to the company that you are a real human.
The next step is to verify your identity, this usually involves uploading government given identification documents such as Identity cards, passports and Driver's license. You may also be asked to record a short video of yourself. These enable Coin base to verify that you are a real person and not a bot . Coin base verifies your account in very good time after you upload your identification documents, be patient during the process.
The next step is to deposit funds into your Coin base account using your linked payment method. Coin base accepts a variety of payment methods, including bank transfers, debit cards, credit cards, and PayPal, depending on your location and the specific Coin base product. Once you deposit funds, your Coin base account will be set up and you can start buying, selling and managing your portfolio, it is important to note that Coin base does not support buying and selling in all countries.
2. How to Deposit Cryptocurrency on Coin base.
Cryptocurrencies operate on a blockchain, a blockchain is A blockchain network is a decentralized, distributed digital ledger that records transactions across multiple computers, ensuring transparency, security, and immutability of data. It's essentially a chain of blocks, each containing a set of transactions, linked together using cryptography. This network structure makes it incredibly difficult to alter or tamper with the data, as any change would require modifying all subsequent blocks and gaining control of a majority of the network's nodes. Popular Blockchains are Ethereum, Solana, Tron, Ripple and Base.
The network on which a cryptocurrency operates is a very important variable, when transferring for instance,
Depositing Crypto on Coinbase.
1. Navigate to the deposit section on Coin base
2. Select the Cryptocurrency that you want to deposit
3.Choose the crypto address option.
4. You will be provided with a unique address and QR code , copy it
5. Paste the address in the widthrawal wallet and widthraw, you can also scan the code
to widthraw.
After following these steps , you will recieve crypto assets in your coinbase wallet , the time taken to get the
crypto depends on the Block chain network that you have selected.
Buying Meme Coins on Coinbase.
Coinbase supports some Meme coins, this means others may not be supported and will require a Coinbase wallet or any other web 3 wallet. Follow the following steps
1. Click on assets button
2. Select the deposited asset.
3. click convert and type the name of the Meme coin you want to buy
4. Now Review and and click convert.
alternatively, you can deposit meme coins using the described method, you want to check and make sure that coinbase supports the memecoin coin before proceeding. The convert function enables you to convert easily from one supported meme coin to another. What makes Coinbase an excellent platform , is the fact that it lists coin valuation in your local currency making it easy for you to track gains and take positions more easily.
How to get the best deal when buying meme coins on Coin base
Spending as little money as possible during the acquisition of a meme coin is very important, this is one of the best way to safeguard your capital gains, if the cost of retreving your profit is equal to your profit, then it is advisable to run away from that deal because it is not in your favor. There are two major ways which you can use to reduce the amount of money spent on fees. One is using a very affordable network and the second one is to use the most affordable route, both of these result in more money in your pocket. Let us unpack them.
Network fees is the money you pay for using a blockchain network, it is also called gas , the fee varies depending on the network you are using , the most expensive network is ethereum, depositing meme coins using ethereum block chain , will cost you heavily, base a blockchain developed by Coin base is much cheaper and the choice of many people.
The most affordable route to buying an asset on Coin base is using the Coin base advanced options, the advanced option saves you a ton of money in fees, all you have to do is to find a trading pair that you want to trade in and make a limit market order, this will greatly reduce the fee that you pay because Coin base favors market makers. This is truly the best way to beat up high fees that may decimate your profits from capital gains.
Another nugget that will help you to heavily reduce costs is swapping directly from a meme coin to another altcoin, swapping to USDC attracts more fees than swapping to another cryptocurrency, i propose swapping to Bitcon. Bitcoin has massive liquidity that will keep your funds safe from total lose, it is advisable to liquidate your profits as fast as possible before the market turns against you. This route will enable you to keep as much profit as possible.
Pros of purchassing meme coins on Coinbase
Buying meme coins using the Coin base platform has a number of advantages, one of the being the ease of buying and selling, this is a plus, because, when trading meme coins, a platform that can easly move the asset s very important, plus , with Coin base , you can easily see the valuaton of your meme coin in your own currency, this enables you to easily swap the coin , when it has accumulated enough profit for you. The easy to use interphase of Coin base is truly a plus.
Meme coins are risky assests and ninety percent of traders in the meme coin game, play a game that is already rigged, trading a meme coin on Coin base adds an additional layer of safety, by simply using Coin base , you are able to escape from so many traps that are always available in the Meme coin space, we have proffessonal ruggers , who form coins with the purpose of removing liquidity un expectedly and leaving investors with empty bags.
Cons of Trading Meme coins on Coin base
The obvious challenge, s the lmited amount of coins that are supported on Coin base, Coinbase must do it's due dilligence before listing a coin n their platform, ths leaves traders without the requisite options for them to fully particpate in the meme con game, some popular meme coins wth millions of loyal followers , are conspicously missing in Coin base, this places a cealling on the possibility space enjoyed by traders. Too few meme coins means that your favourite meme coin may not be supported on the platform.
Coin base features are not unveiled equally around the world, in some countres , buying and selling is not supported, this is a major turn off for many traders, they feel that they have been left behind, ths makes the platform less capable, bacause they cannot fully explore it. Specific payment options are not available lobally , plus advanced trading optons may be lmited in some Geographic locations. Coinbase does not operate n areas under United States sanctions , this leaves a massive market behind and also creates fear in the hearts of traders that Coin base may suddenly fold operations in their own country.
Summing up, buying cryptocurrency meme coins on the Coin base platform , protects you from unscrupulous individuals who want to make a quick buck using your hope and desire for instant gratification. For beginners, it is highly advisable to stick with Coin base as you learn more and more about cryptocurrency trading, i advise you to read my article on how to avoid being rugged in meme coin trading https://financebuzzie.blogspot.com/2025/05/how-to-avoid-rugpulls-in-memecoin.html
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