This is a response to @ranchorelaxo post:
HELP CREATE A CLEAR AND SIMPLE TUTORIAL FOR BUYING BITCOIN OR CRYPTOS IN THE USA
A good site to use if you are in the United States is https://www.coinbase.com/
- First you will click sign up at the top right.
- Then enter your information to create an account.
Then you will add a payment under "Payment Methods"
Then you will have multiple options, but a card is the fastest.
- You will have to verify your account by entering 2 $1.xx charges that are charged before you can use that card or bank account.
Then you can start using your account to buy cryptocurrecy!
Now one thing to keep in mind is that currently Bitcoin fees are high, and it could cost twice as much to buy bitcoin and then another expensive fee to withdraw.
So another option would be to buy Litecoin for very low fees, and cheap withdraw fees as well!!
However there are rumors there will be more altcoins added to give additional options as well!
For now though if you want to purchase additional cryptocurrencies that are not on coinbase then you can Register on an Exchange like https://www.binance.com/ to buy others!
- After clicking Register you will enter your information to sign up.
Then you can click on Funds then Deposits Withdrawals
Then in the search bar type Bitcoin to find your Bitcoin wallet (make sure it is Bitcoin ONLY)
Click Deposit to the right.
After receiving your deposit you can click on the Exchange.
From here you can search for all cryptocurrencies!
Let's use Litecoin as an example again..
And now you can use the Bitcoin that you deposited to trade for other cryptocurrencies!
So I hope this helps, and if you have any questions please leave them in the comments!!
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Disclaimer: I am not an Investment Advisor, and this is not investment advice. This is for entertainment purposes only!
Great post!
Thatβs what I was missing here. You have credible posts and it makes it easier to choose which exchange to register in. Looks like Binance is the way to go since Coinbase has only 4 cryptos.
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Thanks you very much for tutorial @stealthtrader
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this is help alot thanks for info sharing..
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A very useful tutorial, thanks for those of you who have shared this information..πππ
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