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:

  • sharering ico token sale on bitguru

ShareRing Gains Tailwind From Its Inclusion Into The MOBI Automotive Consortium

May 25th, 2018|0 Comments

Australian blockchain startup ShareRing has been announced as one of the founding companies of MOBI, a new consortium aiming to integrate blockchain technology into the automotive industry. MOBI, which stands for Mobility Open Blockchain Initiative, [...]

  • stability coins

Best Alternatives To USDT Tether – Best Stable Coins To Use For Holding Value

May 25th, 2018|0 Comments

A stable coin is something used by cryptocurrency traders to temporarily cash out of a position. They're usually pegged to the price of 1 USD, so one will always be worth 1 USD. When anticipating [...]

  • NASDAQ powered crypto exchange Nasdaq file for blockchain patent

NASDAQ Powered Crypto Exchange to Spark Next Bitcoin & Cryptocurrency Bull Run

May 25th, 2018|0 Comments

After what can only be describes as another disappointing month for bitcoin and cryptocurrency markets alike. Investors are wondering when prices will turn back around. Bitcoin began the month strongly after pushing up to around [...]

  • sharia law bitcoin bitcoin permissible under sharia law

Bitcoin Permissible Under Sharia Law As London Mosque Becomes First To Accept it

May 25th, 2018|0 Comments

Roughly one month ago a renowned Islamic scholar declared that bitcoin was permissible under Sharia law. Opening up the world of cryptocurrencies to 1.6 billion muslims worldwide. Fast forward one month and a London Mosque [...]

  • 3 Best ICO's

The Upcoming 3 Best ICO’s To Invest In

May 24th, 2018|0 Comments

As you may be aware we have recently started our bitGuru investment fund, which we have allocated $10,000 which will be invested mostly into ICO's and new blockchain startups. You can follow the progress of [...]

  • TNcoin ico token sale banner on bitGuru ICO page

TNcoin – The Real Estate Investment Platform Which Allows For The Tokenization of Real Estate Assets

May 23rd, 2018|0 Comments

TNCoin is the latest addition to the cryptocurrency world with a claim to base its operations not on a new commodity that will take years to set up, but on something that has been profitable [...]

Tutellus – Using The NEM Blockchain To Teach The World Languages!

May 23rd, 2018|0 Comments

Tutellus is a blockchain based, online Spanish education platform that aims to incentivize the opportunities for learning, teaching, and sharing valuable knowledge throughout the world. While it is launching on the NEM blockchain now with [...]

  • Pras Michel

The Fugees Co-Founder, Pras Michels May Be Satoshi Nakamoto

May 23rd, 2018|0 Comments

Pras Michel's, famously known as a co-founder of the fugees. Has recently switched the music industry for the technology industry with new blockchain startup known as Blacture. Blacture is a blockchain company who are said [...]

Follow us on Social Media: