This is the ultimate guide to buying, selling, and trading cryptocurrencies in 2019. It will cover everything you need to know about crypto investing without any fluff or unnecessary information.
The how to buy alt coins is a guide that covers everything you need to know about buying and selling cryptocurrencies.
We’ll teach you how to purchase altcoins on the main cryptocurrency exchanges and why you should invest in altcoins in this post.
If you’re new to trading, you may stick to the standard currencies available on Coinbase. Bitcoin, Ethereum, and Litecoin are examples of major currencies. While there are several excellent currencies to consider, you are doing yourself a disservice by concentrating only on them. There are a lot of cryptocurrencies that are worth your attention. Coins like as ARK, BAT, and NEO are not available on Coinbase.
Investing in early-stage businesses is possible when you look into cryptocurrencies. These businesses are working on answers to real-world issues, and their technology includes anything from supply chain optimization to cloud computing. With smaller currencies, your payout potential is considerably greater than it would be with a major currency like Bitcoin or Ethereum.
The Allure of Alternatives: Altcoins
The issue is that many of the more prominent exchanges do not allow you to buy altcoins. With a debit or credit card, you can buy Ethereum or Bitcoin, but not much more. The easiest solution is to buy specific cryptocurrencies on an exchange and then transfer your money to another provider.
Coinbase and Binance are ideal options for this kind of transaction. While it may seem complicated and confusing, buying cryptocurrencies with this combination is the easiest and quickest method to do it. We’ll take you through how to use these two platforms to purchase the altcoins you wish to add to your portfolio in this post.
Why should you use Coinbase to store your altcoins?
Coinbase is one of the most well-known and frequently utilized exchanges. Coinbase is appealing because it is simple to use and allows you to quickly link your fiat money to your cryptocurrency holdings. To use Coinbase, just connect your bank account or credit card. After that, you may buy any of the Cryptocurrencies that are accessible on the platform.
The issue is that if you want to trade or purchase cryptocurrencies, Coinbase isn’t the best place to go. Coinbase has a small number of trading pairs and is notorious for its hefty fees. You’re out of luck if you’re trying to buy cryptocurrencies that aren’t listed on Coinbase. You’ll need to transfer your money from Coinbase to an exchange that specializes in such transactions.
Why Should You Use Binance?
Binance is the place to go if you’re looking for a high-volume exchange. Every day, Binance transacts around $1 billion in volume. You’ll have a large number of trading pairs to select from, as well as a variety of purchasing and selling options. Binance’s fees are much cheaper than Coinbase’s.
Coinbase and Binance are the simplest ways to purchase, sell, and trade cryptocurrencies if you’re new to it. So, let’s get this party started.
Make a Coinbase account.
Creating accounts on Coinbase and Binance is simple, but getting them set up and confirmed takes some effort. Aside from that, getting started is simple. Let’s begin by registering for a Coinbase account.
- The Best Way To Enter The Crypto Markets: Coinbase is the most popular method to purchase cryptocurrency because of its simple interface and bank deposit possibilities.
- Coinbase is regulated, and the company has obtained all of the required permits to operate.
- Bank transfer, credit card, and PayPal are all acceptable methods of payment (for select countries).
- Bitcoin, Bitcoin Cash, Ethereum, BAT, Ethereum Classic, and Litecoin are among the cryptocurrency options.
- Beginner-Friendly: The simplest method of purchasing bitcoin.
Do you want to buy more than $100 worth of cryptocurrency? Create an account with us and get a $10 bonus.
Are you having trouble getting started with Coinbase? Our step-by-step tutorial will teach you how.
Go to the Coinbase website and click the “Get Started” button in the top right corner to get started.
You’ll be sent to a screen that asks for your first and last name, email address, and password. After you’ve filled everything out, click “Create Account,” and an email with a verification code will be sent to you. To continue with the sign-up process, click the link.
Return to Coinbase and log in with the information you supplied previously once you’ve finished your email validation. The exchange will require you to add a phone number and a payment method after you’ve logged in. If at all feasible, utilize your bank account instead of a debit card since Coinbase’s costs are greater.
Coinbase will prompt you to submit verification information for identification reasons once you’ve entered your bank account or debit card information. The Know Your Customer (KYC) procedure necessitates certain safeguards. For many digital currency exchangers, this is standard procedure. Upload the necessary papers to your Coinbase account once you have them.
The next step is to input the details of your bank account. Coinbase will send a few test transactions to your account after you’ve done that. They’re just a few pennies apiece, but after you see them, you’ll want to go back to Coinbase and double-check that the bank account belongs to you.
That’s all there is to it. Your bank transactions will take a few days to complete, but once they do, you’re good to go. Your Coinbase account must now be funded.
Your Coinbase Account Must Be Funded
Select the “Buy/Sell” button at the top of the screen while signed into your Coinbase account. There is a drop-down menu with a variety of Cryptocurrencies to choose from. After you’ve decided the one you want to buy, you’ll need to decide how you want to pay.
Under the “Payment Method” drop-down, your bank account should be selected by default. In the USD box on the left side of the screen, type in the amount you wish to transfer.
Coinbase translates the amount input to the value of the cryptocurrency you chose automatically. You can see the breakdown of your transaction on the right side of the page, which includes your Coinbase fees.
Select the “Buy” button at the bottom of the screen if you’re happy with how everything appears. Coinbase will take money out of your account and swap it for the cryptocurrency you choose. It may take a bit for the funds to appear in your Coinbase account, so be patient.
Why Should You Use Pro version of Coinbase?
This step is optional, and it’s usually used by people who wish to avoid Coinbase’s exorbitant costs when transferring bitcoin. For example, Coinbase charges a transaction fee of 1.49 percent. So, if you place a $100 purchase order, the total cost will be $101.49.
Furthermore, if you place a sell order at the same price, Coinbase deducts the $1.49 percent, leaving you with just $98.51. Coinbase, as you can see, has your back whether you’re coming or leaving. Another thing to keep in mind is that transactions made with a debit or credit card have a 3.99 percent minimum fee.
With Coinbase Pro, you may be able to get a transaction with costs as low as 0%. The maker costs are all 0%, however the taker fees vary depending on the size of the transaction. The taker charge is 0.30 percent for transactions between $0 and $10 million. 0.20 percent applies to amounts ranging from $10 million to $100 million, while 0.10 percent applies to amounts above $100 million. Whatever the case may be, you’re still performing better than you would on Coinbase.
If you’re not sure what the taker is, it’s the individual that buys or sells depending on the market order. This individual accepts an order placed by someone else and, as a consequence, pays the transaction’s fees.
The maker, on the other hand, is the person who uses a limit order to purchase and sell. You create the order as the maker, then wait for it to be filled. When an order is completed, the manufacturers are not charged a fee.
Coinbase Pro is a service that allows you to transfer money from your bank account to Coinbase.
Now that your wallet is brimming with your preferred cryptocurrency, it’s time to transfer them to Coinbase Pro to avoid Coinbase’s high fees. To get started, go over to Coinbase Pro.
When you get there, click the “Deposit” button on the left side of the screen. A popup will then appear on your screen. Choose the currency type you wish to transfer to Coinbase Pro from the drop-down menu. When you’ve decided on a coin, go to the right side of the popup and choose “Coinbase Wallet” to transfer your money from Coinbase to Coinbase Pro.
When you’re happy with the currency and amount you’ve selected, choose deposit, and your money will appear in Coinbase Pro.
Now that you’ve transferred your money from Coinbase to Coinbase Pro, you may begin transferring them to Binance in order to buy cryptocurrencies.
Registration on Binance
You must first establish an account with Binance before you can do anything else. Binance is simpler and faster to set up than Coinbase since you don’t have to verify your financial details.
Important Binance Information
- The Best Altcoin Exchange: The home of the greatest trading volume and a diverse range of major cryptocurrencies.
- Beginners are always welcome: The exchange’s straightforward design and user experience make it an excellent option for crypto novices.
- Large Coin Selection: Access to over 100 coins is available.
- Binance has applications for both Android and iOS, so you can buy and sell from anywhere.
- Cryptocurrency is the sole deposit method that is accepted.
On the World’s Favorite Cryptocurrency Exchange, You Can Purchase Altcoins.
Do you need more assistance in order to get started on Binance? Just follow the instructions in our Binance setup guide.
To get started, go to Binance and create an account. It will prompt you for your email address as well as a password. Binance will send you an email asking you to confirm your email address. To finish activating your account, click the link contained in the email.
Log into Binance using the email and password you specified when creating your account. The safety notice will be read and accepted by you. Once you’ve done that, click “Continue” to continue.
You may set up your 2FA (two-factor authentication) on the following page. This is an extra layer of protection to keep your account from being hacked. On Binance, you may use either Google’s Authentication app or SMS authentication for 2FA. You may skip this, but we strongly advise against it.
You’re ready to leave after you’ve finished your 2FA. Withdrawals are limited to 2 BTC on Binance. You may, however, increase this limit by submitting KYC documents in your account settings.
Getting money out of Coinbase or Coinbase Pro and into Binance
It’s simple and uncomplicated to transfer your currencies from Coinbase or Coinbase Pro to Binance. We’ll walk you through both sites so you know how to transfer funds from one to the other and start purchasing cryptocurrencies.
The first step in transferring money from Coinbase to Binance is to copy the receiving wallet address in Binance. Log into your Binance account, then go to the “Funds” tab at the top of the page and choose “Deposits.”
You’ll now be able to choose whatever token or currency you wish to deposit. You may enter it into the search box if it isn’t at the top of the list. Binance will now provide a wallet address for you to use when transferring your Coinbase money to Binance. To avoid losing your deposit while transferring your money, make sure you copy the full address.
Return to your Coinbase account and choose the “Accounts” option at the top of the page. This will show you all of your cryptocurrencies and how much of each you have. Choose “Send” after you’ve found the currency you wish to send to Binance. The symbol is in the shape of a tiny paper aircraft.
A pop-up will appear, asking for the address of the wallet to which you’re transferring money. Fill in the address and the amount of fiat money or cryptocurrency you’d want to send. Regardless of whatever option you choose, Coinbase will convert the amount.
You may add a message to yourself at the bottom of the transfer. This will allow you to see precisely what you were doing with the money when they were transferred. It should be something along the lines of “Transferring to Binance.” To begin the transaction procedure, click “Continue.”
Unlike your cash transactions, cryptocurrencies usually take just a few minutes to complete. However, keep in mind that this may differ based on the kind of cryptocurrency you choose. Coinbase will notify you via email once your transfer has been initiated.
You’ll want to go to Binance first, and then to the “Deposit” part of your money, just as you did with Coinbase. Get the wallet address for the currency you wish to transfer. Check that you copied it properly, then go to the Coinbase Pro website to begin the transfer.
To begin, go to the left side of the screen and choose the “Withdraw” option. When you do, a popup with a drop-down menu will appear. Choose the coin you’d want to transfer to Binance.
Here you’ll input your wallet address as well as the amount you’d want to transfer. The amount you input will be immediately converted to either fiat money or cryptocurrency, depending on which one you type in, much as with Coinbase.
When you’re happy with the currency you’ve selected and the amount you’ve entered, click the blue “Withdraw” button at the bottom to start your transaction.
Returning to Binance is now possible. Click on the “Funds” tab once again, but this time choose “Transaction History.” Your incoming money from Coinbase or Coinbase Pro should be visible here. It will also display you how much money you currently have in your wallet.
Binance is a great place to buy altcoins.
You may now begin trading for the cryptocurrency you wish to acquire after your account has been financed. Return to the main page and choose “Funds,” but this time select “Balances.”
On the Balances page, you can view a list of all the cryptocurrencies supported by Binance, as well as the amount you own in each. Find the one you wish to buy and click the right-hand “Trade” button. You’ll see a drop-down menu of currencies you may use to exchange for your cryptocurrency of choice.
Binance will take you to the trading screen after you’ve choose the pair you wish to trade with. You may choose how much you want to exchange and at what price. When you’re happy with your selections, click the “Buy” button.
Congratulations! You now have an altcoin in your possession!
Taking a Look at Your Wallet
If you want to keep your cryptocurrency for a long time, you should transfer it to a wallet that is not hosted on Binance. The procedures for transferring your bitcoin are the same as they were for purchasing and moving it.
Return to the “Balances” area, where all of your coins are listed. Instead than selecting “Trade,” you should choose “Withdrawal.”
You’ll be brought to a page where you’ll be asked for your withdrawal address, which is the address of the wallet to which you wish to transfer your money. Choose how much you wish to transfer, double-check that everything is in order, and then click submit to complete the transaction.
Check your wallet to see whether the transaction was completed properly.
Options for mobile devices
Both Coinbase and Binance have a mobile app, which is one of their advantages. These applications can be found in both the iOS and Android app stores. These applications provide the overwhelming majority of the same features as the online interfaces, allowing you to accomplish the same tasks we did before.
You won’t find the same level of detail on the online interface, but there are plenty of options for transferring money from Coinbase to Binance. You’ll also have access to all of the tools you need to purchase, sell, and withdraw your preferred cryptocurrencies.
Purchasing cryptocurrencies may seem to be a difficult process. Purchasing them using Coinbase and Binance is simple and straightforward. Just make sure you do all of the required site setup procedures. The remainder is just transferring your money from one location to another.
You now know how simple it is to purchase altcoins, but proceed with caution. When you first start, it may be tempting to buy a full handful. Make sure you do your homework and keep in mind that you’re dealing with real money. Be patient, make smart investments, and have fun.
DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.
The how to buy altcoins binance is a guide that has been released for 2019. It will help you get into the cryptocurrency market and learn how to buy altcoins with your personal account.
Frequently Asked Questions
What is the best way to buy Altcoins?
The best way to buy Altcoins is to first research the market and find a coin that you think will be a good investment. Once you have found a coin, you should look into its potential for growth and then invest in it.
Where can I find Altcoins?
To find Altcoins, you can use a website like CoinMarketCap.com
Where can I buy rare Altcoins?
You can buy Altcoins on many sites, but the best place is Coinbase.
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