Binance Guide For Beginners - Bitcoin & Altcoins, Crypto ...
Binance Guide For Beginners - Bitcoin & Altcoins, Crypto ...
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Beginners guide to buying Bitcoin and other Cryptocurrencies
A super quick guide to getting started with bitcoin and other cryptocurrencies. 1) Coin Research There are lots of coins you can buy, trade, or mine not just Bitcoin. You can see them and start research on coins using https://coinmarketcap.com/ 2) Getting Money In You first need to get your money on the exchanges. There are a few decent options for this.
3) Sign up and get verified Pretty much any site you want to trade on or send money to is going to ask you to also get verified which means you'll need to send them a picture of government issued ID and utility bills in some cases. After you sign up for an exchange site you'll usually need to log in and go looking in the settings for how to get verified. 4) Exchange Security When you signup for any site you'll also want setup 2-factor authentication with Google Auth. You can usually find instructions in the settings section of the site you just signed up for. IMPORTANT: Make sure to save your recovery keys because you can get locked out for good and lose your money if you don't. 5) First Coin Purchase Once you have some money in play you typically purchase Bitcoin or Ethereum first. You can hold those and pray for profit or you can start trading them for other coins. 6) Second Coin Purchase Do you want to buy more than just Bitcoin and Ethereum? Most other coins you want will be on a couple of different websites
7) Sample Workflow Assuming you have your accounts setup, a general workflow would go something like this.
Send money to quadrigaCX
Use those funds to purchase Bitcoin on quadrigaCX
Login into bittrex and get your Bitcoin address from the wallet section of the site
Go back to quadrigaCX and use the withdraw option and send your funds over to the bittrex wallet address
The funds will show up in bittrex usually 30min to 2hrs
On bittrex use your bitcoin to buy other currencies
8) Wallets Intro You don't want to leave your money or coins on exchanges since they are prone to hacking. So you'll want to research wallets. 9) More on Wallets Wallets can be a pain and take some research but taking the time to keep your funds secure is vital. Some quick wallet points
There are many types of wallets.
The general idea is that wallets have a public key and a private key.
Whoever owns the private key owns the wallet.
When your money is on an exchange the exchange owns the private key which means they technically own/control the money.
If you send the money out of the exchange to your own wallet then you own the private key.
Most coins have their own wallet with specific instructions on setting it up and keeping it secure.
There are some general purpose wallets that hold many coins (see Jaxx Wallet and Exodus Wallet)
Good wallets you will want to look into are Jaxx, Exodus, myEtherWallet, metaMask, coPay
IMPORTANT. If you lose your private key to your wallet you will lose your money forever. Ask yourself. If I lost my phone do I still have my private key? Ask yourself. If I lost my laptop do I still have my private key? If my house burned down do I still have my private key? And never give anyone your private key for any reason.
IMPORTANT. There are many scammers that will try to get your private key. Never give anyone your private key under any circumstances.
10) Crypto really does require constant research
Research trading with bittrex on youtube
Research creating cryptocurrency wallets on youtube
Research ICO investing on youtube
Research myEtherWallet on youtube
Research etherDelta on youtube
Research metaMask on youtube
Research Jaxx on youtube
11) Successful trading and investing Coin prices fluctuate wildly because there is not a ton of volume. This makes it difficult if not impossible to predict price changes using any sort of technical analysis. Doing slightly longer-term investments will likely serve you better. To be successful you need to research good quality coins that are undervalued and then feel the buzz in the community and anticipate undervalued coins rising up. This requires constant research of coins and ICOs plus being on reddit/twitteyoutube multiple times a day. 12) More trading and investing tips Get in early with undervalued coins. Don't follow the masses chasing the green when a coin is on the run going up. The majority of the time you'll end up buying at a high price just to watch the coin fall back almost as quickly as it went up. You'll often hear the term pump-and-dump to describe this. Avoid it. Look for quality investments that you can hold through the ups and downs. That's sort of the quick starter guide A good link for more detailed info https://mycrypto.guide/ If you're looking to get into ICOs https://apifini.com
You’re bringing money from Binance to here, so first, we need to know where the money or cryptocurrency is going to land. Access your wallet on Coinbase, and from there, you’ll be given an address code to use when transferring funds.. All you have to do is click on your wallet to open up a menu of adding money, and you’ll be met with a screen that has all the necessary information/ You can transfer Bitcoin, Ethereum, XRP, Litecoin, and other cryptocurrencies from Coinbase to Binance. In this example, we will transfer BTC from Coinbase to the Binance account. Send Funds Step 3. At this step, you need to enter your Binance address, which will be generated in your Binance account. If you are transferring via a mobile device ... While most cryptocurrencies on Binance are trading against Bitcoin, Binance offers many trading pairs against Ethreum, Ripple, and Tron. Trading against FIAT hadn’t been easier, as Binance offers plenty of trading pairs against the US-pegged stablecoins USDT, USDC, BUSD, TUSD, PAX, and more. Binance also offers to trade against some local FIAT coins such as the Russian Ruble and the Turkish ... Coinbase Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. You can transfer your Bitcoin, Bitcoin Cash, Ether (Ethereum), or Litecoin from your Coinbase to Binance but do know that the if you transfer Bitcoin Cash or Litecoin from Coinbase, you’ll then have to convert them into Bitcoin, Ether(Ethereum), or Binance Coin (which is Binance’s own in-platform coin) to trade the coins on Binance. How to Transfer Bitcoin or Ethereum to Binance. Below you can see the step-by-step process to send Bitcoin from Coinbase to Binance. This guide assumes that you already have a Coinbase account set up. Take Bitcoin (BTC) as an example, after confirming the address, copy it into the [Recipient's BTC Address] field, and enter the withdrawal amount. The system will automatically calculate the handling fee and give the actual arrival amount: actual arrival amount = withdrawal amount-withdrawal fee. Note: I will use Ethereum (ETH) as an example of a cryptocurrency you can use to fund your Binance account. 1. Go to Coinbase: Login to your Coinbase account and click on Accounts. Next, click on Send where it says ETH Wallet. You’ll be asked to enter a Recipient. This is where the Ethereum will be sent. You’re sending it to Binance, so you need to get an Ethereum address from your Binance ... Once selected, tap Share address and choose your send method; You'll see that you may have multiple addresses associated with your account - you can use any of these addresses for receiving bitcoin or ether, as long as it is the correct address type for the digital currency you wish to use.
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