Disclaimer: This information is not intended as investment advice. Cryptocurrencies are risky.Got it
Never invest more than you can afford to lose. Always seek professional advice before making any investment.
How to buy crypto.
1. Get Bitcoin
a. Create a Coinbase accountCreate a Coinbase account
b. Link your bank account
c. Buy Bitcoin
👆 This is my personal referral link. We both earn $10 when you use it!
You can read about the Coinbase referral program here
2. Register at a crypto exchange
a. Register at Bittrex (crypto exchange)
b. Get verified for higher deposit amounts.
c. Enable 2 Factor Authentication for higher security.
d. Create a Bitcoin wallet (deposit address).
There are many other exchanges. Bittrex is amongst the most trusted and secure.
3. Send Bitcoin to exchange
Login to Bittrex and navigate to "Wallets"
a. Click the
to create a Bitcoin deposit address
b. Click on “Generate a new address”
c. Send Bitcoin from Coinbase to this new address.
Don’t worry. The transfer from Coinbase to the exchange can take a few hours.
4. Trade your Bitcoin
a. Click on ฿Markets
b. Find the altcoin you want to trade
In this case, we are going to trade our Bitcoin for Ripple (XRP).
But you can buy any other coin the exchange supports.
c. Find the “Buy Ripple” module
d. Enter the amount of XRP you want to buy
e. Click on “Price” and select “Ask”
This is the current market rate. You can “Bid” a lower price and wait for the price to go down. Bid orders usually take longer to fulfill, and are not always guaranteed to clear.
f. Click "Buy Ripple"
Unless you ordered an insane amount of XRP, your order usually will be instant.
Don’t worry if it’s partial at first. It should eventually fully fulfill.