The easiest way how to buy altcoins in late 2017! Jump right in.Alright, now that you know How to buy Bitcoin, it’s time to step up your game and learn how to buy altcoins. I will show you the easiest way (in my opinion), to quickly build up your altcoin portfolio.
1. Create a Coinbase account
At the time of writing this article, I recommend using Ethereum to avoid high BTC trade fees
After creating a Coinbase account, you can also create a GDAX account, which is a daughter firm of Coinbase, to save on some fees. Although I would recommend doing your first transaction using Coinbase, just to get a feel for it.
Once you are done with it, we continue to transfer this currency to an exchange.
2. Create a Binance account
After you created your Binance account, the first thing you should do is to enable 2 Factor Authentication using Google Authenticator. You can set that up by clicking on your account settings. I highly recommend you do this FIRST.
3. Deposit funds
Now it’s time to deposit funds. Navigate to Funds / Deposits Withdrawals:
Now simply type ETH or BTC, depending on what currency you bought on Coinbase, into the search field and click on Deposit on the right side:
Once you click on Deposit, you will see your ETH address. Copy it by clicking on the Copy sign next to it:
Now you need to head back to Coinbase and send your Ethereum to this address. The process on Coinbase is self-explanatory.
Once all confirmations run through, you can now start buying altcoins on Binance. It can take a while according to how many transactions are going on at the moment, usually, you see the status of the transaction on Coinbase.
Tripple check if your ETH address is correct before sending. You can also first send a tiny amount of ETH to see if it arrives on your Binance Wallet.
4. Buying altcoins
Time to go shopping. Back on Binance, navigate to Deposits Withdrawals again and check Hide Zero Balances. You should now only see currencies where you have funds in, in our case, Ethereum should show up.
After all is to our liking, navigate to Exchange / Basic:
On number 3, choose the trading pair. In our case ETH, if you have Bitcoin, choose BTC.
Now enter the currency you want to buy in the Search Field indicated by the number 1. Click on the trading pair indicated by number 2:
Number 3 indicates the price for 1 XRP in ETH.
Number 4 lets you enter the amount of XRP that you want to buy. You can also click on the 25%, 50%, 75% or 100% buttons below to use a certain amount of your ETH for the purchase.
Number 5 lets you buy your altcoin.
And this is it. You just learned how to buy altcoins, wasn’t that hard, right?
After hitting buy you will have the altcoin in your wallet under Funds / Deposit Withdrawals.
5. Wrapping up
If you do this for the first time it probably confuses the hell out of you, but don’t worry, we’ve all been there.
Once you get used to how it works, every exchange is the same.
Now you are able to invest in your favorite altcoins in no time.
If you would also like to know about Stop Limits let me know in the comments below.
PLEASE invest responsibly. I don’t give investment advice. I won’t be responsible for any lost money or error on your side. Do your own research in regards to your investments.
6. Specific Coin Tutorials
I also got specific tutorials for certain popular coins up, check out the list below:
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* This article is no legal, financial or investment advice and any action taken is at the user’s own discretion and of
their own responsibility. No loss or blame is accountable to the writer of this article. He is free from liability.