How To Buy Cryptocurrency Altcoins – How To Guide For Beginner’s 2018-02-15T22:51:55+00:00
Loading...

Altcoins are any cryptocurrency that’s not Bitcoin. There are now over 1400 cryptocurrencies compared to only 670 back in February 2017 according to Coinmarketcap.

Anyone can buy altcoins, and on most exchanges, you first need Bitcoin in order to invest.

There are thousands of different exchanges you can buy from, each one selling a different selection of altcoins.

Each and every one of them was made for a different purpose. Bitcoin for example was created as a peer to peer payment network. It’s main use is for sending value across the blockchain.

Nowadays, cryptocurrencies exist to serve completely new and revolutionary purposes. Almost every industry on the planet is being infultrated by blockchain based projects, each one aiming to change the way the industry operates and transacts.

They all have their individual uses, and it goes far beyond payments.

To learn about the top 50 altcoins, their price history, what they do and where to buy them, Click Here! 

How to Buy Altcoins

There are many ways in which to buy, but first of all, we’d recommend buying Bitcoin. If you don’t know how, check out our guide: How to buy Bitcoin

Bitcoin is the gold standard in cryptocurrency. Most exchanges do not accept cash. The prices are all listed in Bitcoin (often Ethereum and some others too) and you buy everything using it!

You can buy Bitcoin from many different exchanges, but we’d recommend one of the following two options:

LocalBitcoins is a great option, it enables you to buy and sell Bitcoin using almost every payment method available. Direct bank transfer, PayPal and even cash is available. Follow our guide to buying Bitcoin using LocalBitcoins: Click Here

Coinbase is a very easy to use exchange which enables users to buy Bitcoin, Ethereum, Litecoin & Bitcoin Cash. You can buy them using fiat currency direct from them. If you’re happy with one of the above 4, then Coinbase is a great option to get started.

If you’d like to invest in some of the 1400+ other altcoins, read on.

Cryptocurrency exchanges:

There are many different exchanges, some like Coinbase only support a handful of cryptocurrencies, others support hundreds. Below are 2 of our favourite and ones which allow trading of the largest selection.

Bittrex: Bittrex have a wide selection of buying options, but beginners must take note as new accounts have been suspended until further notice due to such a high demand.

Binance: Binance is already one of the world’s leading cryptocurrency exchanges. They launched only 7 months ago in July 2017 and it’s been reported they’re one of the fastest growing companies EVER! They’re known for their wide variety of buying options and list new coins every day. IOTA is a popular option and Binance is one of the only exchanges which currently support IOTA purchases.

How to Buy Altcoins: 

When you’ve bought your Bitcoin, log in to your cryptocurrency exchange account.

There you will find your Bitcoin receiving address. 

Send the Bitcoin you’ve bought to the exchange.

You can now buy any of the supported cryptocurrencies on the exchange! Select Bitcoin markets and all the prices will be listed in Bitcoin per altcoin.

How To’s For Beginners:

  • bitcoin atm machine stolennnn

Bitcoin ATM Thefts Are Becoming A Problem For Owners!

September 22nd, 2018|0 Comments

Since the first ever Bitcoin ATM opened it's digital doors in Vancouver, Canada back in 2013, the digital currency Bitcoin has increased significantly in both value and popularity. The price for 1 Bitcoin back in [...]

  • finding the best ico to invest in

5 Things You Must Consider Before Investing in an ICO

September 22nd, 2018|0 Comments

Altcoins or crypto-currencies are fast emerging as top investment options worldwide. The phenomenon is not restricted to investors in wealthy, developed countries. Instead, we have laypersons worldwide wanting to make a quick buck on a [...]

  • XRP Price up 114%

XRP Up Over 100% in The Past 3 Days, The Highest Price Since June! Anticipating XRapid

September 21st, 2018|0 Comments

The price of XRP has surged in the past few days. The rally began on 18th September after the news broke of Today, XRP briefly passed Ethereum on Coinmarketcap as the second ranking cryptocurrency in terms [...]

Coinbase Issue Statement over “Self Trading” Allegations

September 20th, 2018|0 Comments

One of the largest cryptocurrency exchange platform in the world, Coinbase, have rubbished claims that they have been engaging in in proprietary trading. In an official statement on 20th September, they have described the claims made [...]

  • cryptofuse press release worlds first offline blockchain

CryptoFuse to Offer World’s First Secure, Internet-free Transactions

September 19th, 2018|0 Comments

Cryptofuse is the world's first company to create secure, internet-free transactions, backed by the power of patent-pending, military-grade technology. CryptoFuse was launched in June at the Blockchain Expo in London. Offline Blockchain technology has been [...]

Dubai Police Predict Digital Money Will Replace Cash

September 19th, 2018|0 Comments

At a recent event, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai addressed attendees about security risks associated with digital currencies, whilst also stating the importance [...]

  • Marshall Islands launching cryptocurrency

Mainstream Cryptocurrency Adoption is Happening Around Us – You May Have Just Not Heard About it

September 18th, 2018|0 Comments

The Marshall Islands plan to adopt a cryptocurrency called ‘Sovereign’ later this year. News broke recently that the Republic of the Marshall Islands have been warned against adopting a digital currency as a second form of [...]

  • finding the right ico

An ICO list Can Help You Choose Which to Invest In

September 18th, 2018|0 Comments

The Benefits of a List of ICOs The world of cryptocurrencies and blockchain technology, at first, can seem very strange. Many people have avoided getting involved in this industry because they don’t understand how it [...]