How to buy Crypto

This is the first step in your Crypto journey, swapping FIAT currency to Crypto

This might sound like a daunting task but it is quite straight forward. 

You will need a camera and your passport.

A Bank Account

A bank account and/or a credit card will be necessary to get set-up with CoinBase. You can link your account and/or credit card to CoinBase.

A CoinBase Account

CoinBase is the window into the Crypto world. Here you can freely trade FIAT currency such as USD or Euro for a choice of the top Cryptos.

Indentification

To register on CoinBase you will need a passport or driving license and a utility bill such as an electricty bill. It will take a few days for the process at CoinBase.

If you decide to take your crypto investment further than free mobile mining or playing the free Bitcoin lottery then you will have to join an exchange. Coinbase is a world wide crypto currency exchange which operates in 32 countries and was founded in June 2012 by Brian Armstrong and Fred Ehrsam. 

This exchange allows you to trade regular FIAT currency such as the US Dollar or the Euro for crypto currencies. Once your USD or Euro have been confirmed in your Coinbase account you can immediately buy Crypto currencies. 

Coinbase offers the top crypto currencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ethereum Classic with many more currencies expected. 

When you join Coinbase you will need to give some security details such as a photo of your passport and a selfie. It is relatively easy to join up but be sure you follow the instructions for taking a photo of your passport.                                      

If you do these steps incorrectly Coinbase will not accept them. All the information you need is on their support page ‘here‘.                                                           

If you decide to join Coinbase then please follow the link below and you will receive $10.00 of free Bitcoin from Coinbase as a welcome if you decide to purchase $100 or more of Bitcoin.

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Crypto Exchanges

Now you have opened your Coinbase account, and hopefully picked up a Ledger Nano S, the next thing is finding a few Crypto exchanges where you can swap your Bitcoin, Bitcoin Cash, Litecoin or Ethereum for different Alt-Coins. You do not need to join these exchanges if you are content holding the top cryptos that Coinbase offers. These extra exchanges are simply and option to buy crypto currencies that Coinbase does not offer. Buying Alt-Coins can be a very profitable investment but research each coin thoroughly. It is also not advisable to store your coins on the exchanges long-term. Buy a Ledger Nano S and also install a desktop multi-wallet such as Exodus. 

It is important that you control your private keys and not the exchanges.

Qryptos.com is a large exchange and is also one of the more regulated. You will need to provide your passport, a utility bill and also a selfie to verify your account. Most exchanges do not require identification however regulations are becoming tighter. 

Binance.com

Binance is a large and well established exchange. It has an enormous customer base and a wide selection of Alt-Coins to choose from. They are very professional and a trusted source.

Coinexchange.io is another relatively small exchange however, it is always good to have a variety of exchanges at your disposal. 

Yobit is another smaller exchange with some of the more obscure Alt-Coins on offer as well as a wide range of the top Cryptos out there. Thank you for following the link we provided as it helps to support this website. 

Another medium sized exchange with plenty to offer. We have only had positive experiences on this China based platform. Just so you know, there are a huge number of exchanges. Many are bigger and perhaps even better than the exchanges presented here. These exchanges have served us well so far.

Crypto Wallets

Now that you are well on your way to getting some Crypto from Coinbase and your new exchanges now is the time to get ready to protect your investment. This might be a little tricky for some but don’t worry, we will take you through it step by step. We will provide the best video tutorials from Youtubers who are worth following. Learning about Cryptos should be your hobby soon. It’s a developing technology and we all need to be aware of any changes to wallets or upcoming changes. There is a separate section on security, just click below.

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