How To Guide
Want to join the cryptocurrency revolution? Maybe you’ve been reading up on blockchain technology and you’ve realized it really is the future. Or maybe you watched a friend get rich off Bitcoin and you’re still kicking yourself for not doing the same.
Either way, buying Bitcoin, or one of the other many cryptocurrencies out there, can be easy and even fun. Just don’t go in with the expectation that you’ll make a million dollars overnight, and only invest money that you can live without. With that said, here’s what you need to know to get started.
Buying Cryptocurrency With Coinbase
If you’re interested in buying Bitcoin or one of the other better-known cryptocurrencies your best bet is Coinbase, which also supports Bitcoin Cash, Ethereum, and Litecoin. The popular digital exchange is easy to use and widely trusted.
You can download the Coinbase app on your phone or create an account at coinbase.com. Agree to the terms and you’ll be greeted by a chart showing the recent rise and fall of Bitcoin and other currencies. The next thing you’ll need to do is add a way to make purchases by tapping the “Buy” button on the app or clicking over to the Buy/Sell tab on the website. From here, you can connect a debit or credit card for quick small investments, or add a direct line to your bank account for larger purchases and sales that may take 4-5 days to process.
**Buy $100 worth of any cryptocurrency on Coinbase and receive an extra $10 worth for free with this link!**
Buying Cryptocurrency With Binance
So you’ve decided to step into the world of cryptocurrency. You’ve bought your first Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) on Coinbase (Many people will refer to these as the Big Three), and now you have friends talking about XVG, NEO, OMG, WTC etc. Coins such as these are what we refer to as altcoins. Unlike the big three most of these coins cannot be bought on Coinbase. They need to be bought on different exchanges. My personal favorite exchange is Binance. Binance is a secure exchange that many people use. Binance is the number one ranked exchange in terms of trading volume and has the most popular altcoins in the market available for trading.