This guide will teach you how to buy Bitcoin (BTC), Ethereum (ETH), Litecoin ... Using a desktop or laptop computer you
The CryptoChicas
January, 2018
The CryptoChicas’ Buying Guide A Quick Start Guide to Buying Cryptocurrency
This guide will teach you how to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Ripple (XRP), Tron (TRX), Verge (XVG) or any other of the available altcoins.
In order to complete this process you will need:
Coinbase account
Binance account
A 2-step verification app such as Authy or Google Authenticator
Step One: You will need a trusted platform to buy Bitcoin (BTC), Ethereum (ETH) and/or Litecoin (LTC). I highly suggest that you register and use Coinbase.
The CryptoChicas
1
The CryptoChicas
January, 2018
Create a Coinbase account, using this link will give you $10 Bitcoin bonus upon the purchase/sell of $100 of digital currency. You may need to refresh your browser if you experience delays caused by peak volume usage.
Please not that the ID verification process may take a few minutes to complete, however, once verified you will be able to buy and trade immediately. The reason for the delay is due to the increasing numbers of users registering for accounts.
Once you have uploaded your ID and yielded no errors you will receive an email from Coinbase informing you that you have been verified.
Step Two: Once your account has been verified you can login and begin purchasing. You will be presented with three choices: ACH/Bank Account, Bank Wire, or Credit/ Debit Card. *If you want to immediately start without a delay it is recommended that you use a debit or credit card.
The CryptoChicas
2
The CryptoChicas
January, 2018
For security, regulatory compliance, and fraud prevention, there are limits to how much digital currency can be bought and sold with your Coinbase account. These limits vary based on the payment method used, your account age, purchase history, and other factors.
Note: Coinbase account limits are calculated automatically. Coinbase Support is unable to increase account limits at this time. Click here for additional information.
Step 3: Once funds are in your account you can purchase Bitcoin, Bitcoin Cash, Ethereum, or Litecoin. If you are going to transfer your tokens over to Binance to purchase one of the altcoins not listed in Coinbase it is recommended that you purchase Ethereum and transfer it from Coinbase to Binance. The transfer takes minutes compared to the hours it would take for Bitcoin to transfer.
In order to use Binance you will need to complete the following steps:
Using a desktop or laptop computer you will need to visit Binance and create an account.
Using a 2-step verification app such as Authy or Google Authenticator, secure your account. While this is optional, it is highly recommended that you select this options since it requires you to verify it’s you who is signing into your account. This is not a one time process, you will be required to complete this step each time you log out and then log back in.
Once logged into Binance, select the “Deposits Withdrawals” tab that pops up when you hover over the Funds tab.
The CryptoChicas
3
The CryptoChicas
January, 2018
If you purchased Ethereum from Coinbase you will need to search for ETH and then click on the Deposit option.
Copy the “Ox************” address under ETH Deposit Address
Go back to coinbase.com and click on Accounts. Then select the send button in your ETH Wallet. You will then be presented with a popup that ask for the address of the Binance Wallet that you copied. Paste that address into the open field and then enter the amount you wish to transfer to Binance and click continue.
The CryptoChicas
4
The CryptoChicas
January, 2018
While most transfers are instant, it may take a few minutes for the transfer to be completed. You will receive an email telling you “Deposit Success”.
Back on Binance, click on “Exchange” in the top left corner of the “Basic” menu.
Click on ETH, which will highlight ETH in yellow indicating that you wish you use ETH.
Click on your desired altcoin using the ticker name. Live Coin Watch lists each cryptocurrency, their ticker symbol, along with the current price.
It is important to remember that you will be trading for other curryncies using $ETH. Meaning, the number before the dollar price on the upper left hand side of the graph is the cost for buying one coin of your choice of currency in terms of $ETH.
Below the graph you are presented with a Buy and Sell box. While you can purchase coins at the listed price, you are also able to enter the price you are willing to pay per coin. If it is at or above the current price your order will process instantly at the current price. If your price is lower you will have to wait until the price drops to your bidding price.
Enter how many coins you want to buy or use the 25%, 50%, 75%, or 100% to determine how much you can buy if you spend 25%, 50%, 75% or 100% of your ETH balance.
Click on buy!
You can now click on the Deposits Withdrawl under the Funds tab at the top and see your total balance for each cryptocurrency in your account. You can also view your Estimated Value in Bitcoin (BTC) and $USD above your assets box.
Disclaimer: This guide is not intended as financial investment or legal advice, it simply is intended to walk you through the process should you decide to purchase cryptocurrencies.
Have fun and good luck … The CryptoChicas The CryptoChicas
5
