Buy BitCoin

By now you’ve heard of BitCoin and many of the other larger ones such as Ethereum, LiteCoin and BitCoinCash.  However, there are anyone of the hundreds, if not thousands of crypto currencies that are traded on the exchanges aside from these known as AltCoins.

Many of these are newer coins that either have just went public after their ICO or some that have been around awhile waiting on their projects to develop.

Priced anywhere from pennies to the hundreds, many look to these for small profits or for long term holding in hopes it becomes the next BitCoin.

By far the easiest way to purchase these altcoins (such as Tron, Verge, Cardano, and Fun to name a few) is as follows:

  1. Create an account on Coinbase
    1. Be sure you enable 2-factor authentication, using the Google Authenticator from the app store for added security
    2. Confirm your identity as required
    3. Note using the the link above will get you a free $10 worth of BitCoin when you deposit $100
  2. Create an account on Binance
    1. Be sure you enable 2-factor authentication, using the Google Authenticator from the app store for added security
    2. Confirm your identity as required
  3. Transfer money into your Coinbase LTC Wallet from your credit card or bank account
    1. Why buy LiteCoin?  Simple, transfer fees are much lower when transferring LTC than BTC or ETH to other exchanges
    2. Note credit card purchases have a minimal wait time to be deposited into your account.
    3. Bank transfers can take 3 to 5 business days / 7 – 10 calendar days.
    4. In Coinbase, click Buy/Sell then click Litecoin
    5. Select your Payment Method
    6. Select dollar amount you wish to purchase (or select Buy Max)
    7. Finalize the purchase buy clicking the Buy Instantly button
  4. Transfer LTC to Binance
    1. Go to Funds-> Deposits Withdrawals
    2. Select LTC, click Deposit, then copy the wallet address.
    3. Pay attention to the note that pops up.
  5. Come back to Coinbase (because that’s where your LTC resides)
    1. Click Accounts
    2. Under LTC Wallet click Send
    3. Paste the LTC Address you copied from Binance in the Destination box
    4. Enter the amount you wish to transfer and two factor code, and boom your money is transferred to Binance.
  6. Go back to Binance, and verify your LTC is available under Funds-> Deposits Withdrawals
    1. Tip: Click ‘Hide 0 balance’ to filter quickly.
    2. Go to Exchange -> Basic at top
    3. Note sometime it takes a few minutes for the transfer to complete.  It’s just the nature of cryptocurrency.
  7. Search for your Altcoin currency (e.g. IOTA, NEO, XRP etc.) in the right most panel.
    1. Make sure you select BTC or ETH at top.
  8. Click on the pair name. (e.g. IOTA/BTC – First currency is the one you are buying, and second is the one you are trading in exchange for)
  9. Finally, buy your Altcoins from Binance
    1. Enter your Price and Amount for the limit order, and click Buy
    2. Your order will show up in the Open Orders window at the bottom until they are fulfilled.
    3. Once fulfilled, you can see them in ‘My 24h Order History’ or under ‘Funds’->’Deposits & Withdrawals’ tab