This guide will teach you how to start investing in cryptocurrencies such as Bitcoin(BTC), Ethereum(ETH), Litecoin(LTC) and others. The three basics fundamental things you need are:
- Getting an account with Coinbase
- How to buy & Sell Bitcoin(BTC), Ethereum (ETH), & Litecoin (LTC)
- How to Send Bitcoin to Crypto-Crypto Exchange both Poloneix and Bittrex
Getting Coinbase Account
Coinbase is the easiest exchange to the bitcoin(BTC), Ethereum (ETH), & Litecoin (LTC) using USD. Follow the steps below to get yourself started.
Step 1: Sign Up on Coinbase
Signing Up is so easy, just like eating bread and butter. I have provided you my referral link below:
https://www.coinbase.com/join/5819ffebdee0162b8fb83f24
Because I referred you, when you sign up and buy or sell $100 of bitcoin or more, we will both earn $10 of free bitcoin!
Step 2: Confirm your Email Address
After you sign up, your will receive an email from Coinbase no-reply@coinbase.com with Email Subject: Please Verify Your Email Address.
Step 3: Complete your Profile
Now, you can sign in back to complete your profile and add your payment method. Then, you ready to make your first cryptocurrency transaction.
How to Buy Bitcoin, Ethereum and Litecoin with Ease on Coinbase
Go to Buy/Sell tab, Click on BUY and Select the cryptocurrency you want to buy. See example of buying 2 ETH.
Then, select your method of payment
Buying through your bank account takes 7 days to deliver the ETH or other cryptocurrency you buy into your wallet. Using your Debit Card gives your instant delivery. But, as a new account holder your weekly purchase limit is $5000 with your bank account and $500 with debit card.
Enter how much dollar you want to buy or the number ETH.
Finally, click buy button to execute the buy transaction.
How to Sell Bitcoin, Ethereum and Litecoin with Ease on Coinbase
Go to Buy/Sell tab, Click on SELL and Select the cryptocurrency you want to buy. See example of selling Litecoin(LTC) below.
- Select where to deposit the fund. You can choose you bank or USD wallet. But, I will advise you to always deposit to your USD wallet and then transfer to Bank if you need to take out your money.
- Enter the amount/quantity of LTC to sell and you will see the USD selling price.
- Then, click the sell button to execute a SELL transaction.
How to Send Bitcoin(BTC) to Both Poloneix and Bittrex Exchange to Buy Other Altcoins
Before you send Bitcoin(BTC), Ethereum (ETH), or Litecoin (LTC) to Poloneix or Bittrex, you need to have Sign Up for an account with them. Then, get the wallet address of the cryptocurrency you need to send to Poloneix or Bittrex. For all newbies, this is how to get the wallet address of the cryptocurrency you want to send to Poloneix or Bittrex. I have provided example using Bitcoin(BTC)
How to get BTC wallet address on Poloneix
Once you sign in to your Poloneix account,
- Click on balance tab, under it click Deposit & Withdrawal.
- Find Bitcoin(BTC) on the list and click deposit to reveal the wallet address.
- Then, copy this address
How to get BTC wallet address on Bittrex
Once you sign in to your Bittrex
- Click on Wallets on the menu bar.
- Find Bitcoin(BTC) from the list of cryptocurrencies.
- Then, click on the plus sign (+) to reveal the wallet address for your deposit.
However, if you are depositing for the first time, you must click ADDR to generate your wallet address.
Now, you are ready to send BTC to Poloneix or Bittrex from your Coinbase account.
On your Coinbase account, select the Send/Request tab and you will see the page below:
Paste the wallet address you got from Poloneix or Bittrex into Recipient space.
Then, enter the amount you want to send/ deposit to your Poloneix or Bittrex account and Click Send Funds.
Congratulations, you have just learnt how to get your funds to Exchange where you can trade other cryptocurrencies.
I recommend anybody reading this guide to read my earlier article https://steemit.com/cryptocurrency/@drleke/how-to-get-started-with-cryptocurrencies-investment to understand some simple basic terms frequently used in the cryptoworld.
Please, leave your comments or questions you may have on using Poloneix or Bittrex.