Buying Bitcoin or any type of Altcoin can be intimidating to new comers. You've only ever heard of it from co-workers, friends, stock ex, etc. But now you want to dive in, but have no idea where to start. You see all these other coins that are way cheaper but aren't sure what to buy, so I recommend doing research on what your purchase before you purchase it.
If you decide to invest it may take a few days to become verified on exchanges. Sites I recommend are:
- Coinbase
- Gdax
- Binance
Once accounts are created these steps as followed will aid you in purchasing Altcoins
Step 1: Sign up to Coinbase
- Go to Coinbase
- Create an account
- Fund your account with a bank transfer
Coinbase recently disabled purchases using Credit Cards from Chase, Capital One, Bank of America, and Citi.
To purchase you can use either an Account number which would take about 7 days for you to receive your coins. Or you can use a Debt Card which has a high fee charge but you get the coins instantly.
Step 2: Sign up at Gdax
Go to www.gdax.com
(You shouldn't have to create an account because Gdax and Coinbase are linked)
Transfer funds from Coinbase to Gdax
After you transfer your funds to Gdax you will be able to make a purchase without a transaction.
Step 3: Buy Bitcoin, Litecoin or Ethereum
- Decide which cryptocurrency you would like to purchase
- Select "Limit" on the left
- Select "Buy" below limit
- Input the amount and limit price
- Select "Place buy order"
Currently I would go with Ethereum because of the cheaper transactions fees and faster transaction speed.
Step 4: Sign up at Binance
- Go to Binance
Step 5: Transfer to Binance
- Log into Gdax and Binance
- In Gdax from the drop down on the left select your coin
- Select "Withdraw"
- In the pop up select "Address"
- In the altcoin exchange select your coin and deposit
- Copy the deposit address
- Paste the deposit address in the "Address" field in Gdax
- Select "Withdraw Funds"
Please take your time when doing this, it is extremely important to use the correct Hash when sending currency. If you send it to the wrong hash you could lose your money without any chance of being recovered.
Step 6: Buy Altcoins
- Verify the transaction has been processed
- Once the transfer has been processed you are ready to buy Altcoins
- Always remember to check for accuracy when transferring
CLICK HERE FOR VIDEO TUTORIALS ON HOW TO GET STARTED
Bitcoin Cash - 1Ku6apjisTb2rH6Lqt8eLoSzJ9vLikQ2t1
Bitcoin - 19jfPMSCwTmEtr6QgHbMjD61MyKzRtGar
Litecoin - LKpQqPyf4f4SkdqjaGJiogHiaVomNgVWTy
HELP ME, HELP YOU!
Join now and earn $10 for the first $100 you spend by join Coinbase Here
Join Binance to start purchaseing a variety of different altcoins.
This is helpful! thanks!