How to Buy Cryptocurrencies

Coins such as DGB, ONT, ADA, IOTA, SUB, ZIL, ELF, XRP, TRX, ETH, BTC, EOS, NEO, XLM, Ripple, Steller, Ethereum, Bitcoin etc Ripple (XRP), Bitcoin (BTC), Ethereum (ETH), BitShares (BTS), Litecoin (LTC), EOS, Stellar (XLM), Iota (IOTA) & other cryptocurrencies + 5 tips for getting started

Understanding the world of cryptos can seem a bit overwhelming. But guess what? You’re here, you took the first step. If you are a beginner and wondering where to start, by the end of this you will have learned the basic concepts to get the ball rolling.

First, I would like to start off by saying that I am not giving you advice on WHAT cryptocurrencies to buy, but rather HOW you can purchase them and HOW you can get started.

There are many different ways to start buying cryptocurrencies. I will talk about using Coinbase and HitBtc. (Don’t know what those are? Don’t worry, keep reading!)

Here, I discuss 1 way of purchasing cryptos , but keep in mind, there are many other roads to get to the same destination.

Some basics to know before getting started :

This initial set up may take a day or two (signing up, validating your account, etc).

It’s important to get started immediately as you may be missing opportunities.

A common misconception is thinking you have to buy a whole coin at a time, that is not the case. You can buy a part of a coin. The amount of money you put in will decide how much of a coin you will receive.

Now, when buying cryptos you have to realize that you are essentially buying into supporting the technology that the crypto was designed for. Like a company, each currency has a specific goal they are trying to accomplish, solving real world problems.

Fiat money, are the physical dollars we hold in the real world. When we aren’t using them, we keep them in our wallet. When we want to invest in stocks, we take money out of our wallets, and put it into Stock Exchanges like NASDAQ to buy and sell stocks.

Crypto money works in a similar way. We have virtual wallets where we take money out of and put them into Crypto Exchanges so we can exchange them for other altcoins. When you are investing in a crypto, you are saying you believe in the technology and its capabilities.

Buy Cryptocurrencies at :

How to get started buying cryptos:

1. Sign up for Coinbase to buy Bitcoin, Ethereum, or Litecoin

2. Sign up for HitBtc to purchase Digibyte DGB.

Sign up for HitBtc to purchase Digibyte DGB

3. Send your coin from Coinbase to HitBtc.

4. On HitBtc, exchange your coin to whatever cryptocurrency you’d like.

5. Send your coins out of the exchange into your virtual wallet.

How to Buy Cryptocurrencies :

Ready to buy? Let’s go!

[1] Sign up for Coinbase

If you sign up through the link, and initiate a buy or sell of $100 USD or more we both receive $10!

Once you have signed up, you must;

Verify your email

Verify your account

Upload a License or ID card

Attach a credit card or bank account

Coinbase is a basic exchange platform. From here you can directly purchase 3 of the most popular cryptos: Bitcoin, Ethereum, and Litecoin instantly.

It’s important to realize that many cryptos cannot be bought with direct USD, instead you have to change to one of the main cryptos first (Bitcoin, Ethereum, Litecoin) and then exchange that for whatever crypto you please.

If you would like to purchase other cryptos, I suggest you buy Litecoin or Ethereum, due to the tiny transaction fee when transfer your coins out.

2. Sign up for HitBtc Next Sign up for HitBtc to purchase here you can purchase so you will be able to purchase items at DGB Market

After confirming your email, log in.

HitBtc is another exchange platform like Coinbase, however from here you are able to trade multiple types of cryptos vs only 3.

Two Factor Authorization:

*Optional Step When you first login it will ask you to enable 2FA (2 Factor Authorization) You can skip this by pressing “skip now” If you would like to enable it, you have to download “Google Authenticator” from the app store. From that app, you must scan the QR code given to you (or type it in) Once completed, you will be given a 6 digit code. This code updates every 30 seconds. When logging in, you have to use this code along with your password. This ensures that if someone does manage to steal your password, they won’t be able to get the random 6 digit code. Just an extra security factor.

To keep cryptos offline completely I would recommend the Ledger Nano. The nice thing about the ledger is that I can store a bunch of cryptos in 1 place, check out their website for a complete listing.

Deciding on what crypto you want to invest in and don’t know where to start?

Like any investment, there will always be risk. I know this may sound crazy, but you have to use your brain when deciding! Look at different factors that could show long term growth like;

Does it solve a problem in the real world?

Is the technology behind it doing something innovative?

Who are the people running the projects and what are their qualifications?

What kind of milestones have they reached and how has that effected there value?

If you are serious about investing in a coin, and have all those answered, you should learn the basics of reading trends on charts and making technical decision based on data.

It is important to pay attention to what’s happening in the real world with the currency, and not solely depend on reading charts and technical analysis methods to place your bets.

Cryptos are volatile!

The data might project one thing and the coin could go in the complete opposite direction. There are many other factors that can show promise, but at least these will get you started going in the right direction.

Once you gather all of this information, YOU have to make a decision. Taking all of these factors into account, you have to make a judgment on whether you believe your investment has potential.

How to Buy Cryptocurrency ? Like DGB, ONT, ADA, IOTA, SUB, ZIL, ELF, XRP, BTS, ETH, BTC, EOS, NEO, XLM

  • Created by: Admin
  • Posted on: 27th July 2018
  • Link: Buy Crypto