Binance Cryptocurrency Exchange: Buy and trade IOTA, Ripple, Verge, Litecoin and 100s of other altcoins
Most of the altcoins like IOTA, Ripple, Verge etc are not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or any other well-established cryptocurrency likes Ethereum then you can exchange it for any other altcoin.
Binance is the best places to buy 100s of altcoins. However, you can’t purchase altcoins directly by paying in Dollar or Euro. First you need to buy other cryptocurrencies like bitcoin, litecoin, Ethereum somewhere (maybe from Coinbase which is most popular and trusted worldwide) then you need to transfer that to Binance balance (which is very simple and both sites will give you the respective currency address to get the currency) and then you can buy any altcoin with that balance. In other words, this is just the exchange and not the actual buying with dollars. On Binance, all trading is done with BTC, ETH, BNB or USDT. Therefore even if you have any altcoin you need to purchase one of these currencies first to exchange it for other altcoins like Ripple.
You can purchase following altcoins at Binance as on December 2017. They keep adding new altcoins in the platform. In the following list, altcoins are alphabetically arranged.
- AdEx (ADX)
- aelf (ELF)
- Aeron (ARN)
- AirSwap (AST)
- Agrello (DLT)
- AION (AION)
- Amber (AMB)
- Ark (ARK)
- Basic Attention Token (BAT)
- BCX (BCX)
- Bancor (BNT)
- Binance (BNB)
- Bitcoin (BTC)
- Bitcoin Cash (BCC)
- Bitcoin Diamond (BCD)
- Bitcoin Gold (BTG)
- BitShares (BTS)
- BlockMason Credit Protocol (BCPT)
- Bread (BRD)
- Bytom (BTM)
- Cardano (ADA)
- ChainLink (LINK)
- Cindicator (CND)
- CoinDash (CDT)
- CyberMiles (CMT)
- Dash (DASH)
- Decentraland (MANA)
- DigixDAO (DGD)
- district0x (DNT)
- Enigma (ENG)
- EnjinCoin (ENJ)
- EOS (EOS)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- ETF (ETF)
- Etherparty (FUEL)
- EthLend (LEND)
- ETHOS (BQX)
- Everex (EVX)
- FunFair (FUN)
- Genesis Vision (GVT)
- Gifto (GTO)
- GXShares (GXS)
- HealthCare Chain (HCC)
- Hshare (HSR)
- ICON (ICX)
- ICONOMI (ICN)
- Komodo (KMD)
- KyberNetwork (KNC)
- Lisk (LSK)
- Litecoin (LTC)
- LLToken (LLT)
- loopring (LRC)
- Metal (MTL)
- MIOTA (IOTA)
- Modum (MOD)
- Moeda Loyalty Points (MDA)
- MONACO (MCO)
- Monero (XMR)
- Monetha (MTH)
- Neblio (NEBL)
- NEO (NEO)
- NeoGas (GAS)
- Nuls (NULS)
- OMG (OMG)
- openANX (OAX)
- OYOW (YOYO)
- et (POE)
- Populous (PPT)
- PowerLedger (POWR)
- Qtum (QTUM)
- Quantstamp (QSP)
- Raiden Network Token (RDN)
- Request Network (REQ)
- Ripio Credit Network (RCN)
- Ripple (XRP)
- Salt (SALT)
- Simple Token (OST)
- SingularDTV (SNGLS)
- SONM (SNM)
- Status (SNT)
- Stellar Lumens (XLM)
- Storj (STORJ)
- Stratis (STRAT)
- Substratum (SUB)
- Super Bitcoin (SBTC)
- TetherUS (USDT)
- Tierion (TNT)
- Time New Bank (TNB)
- TRON (TRX)
- VeChain (VEN)
- Verge (XVG)
- Viberate (VIB)
- WaBi (WABI)
- WaltonCoin (WTC)
- Waves (WAVES)
- Zcash (ZEC)
- ZCoin (XZC)
- ZRX (ZRX)
Reputed Cryptocurrency Exchanges: Buy/Sell and trade digital assets
Cryptocurrency Exchanges are places where people can buy and sell Bitcoin and Altcoins. Following is the list where people can buy and sell cryptocurrencies like Bitcoin, Etherium, Litecoin, IOTA, Ripple and many other Altcoin.
1. Coinbase
Coinbase: Coinbase is world’s most popular place to purchase popular Cryptocurrency and based in the United States. Coinbase claims they store the majority of users’ Cryptocurrencies as cold storage offline and keep some online just enough for trading on GDAX and ongoing purchase and sell on Coinbase. They also claim that all online cryptocurrencies are covered by insurance. So in case of any unfortunate server hack customers are always protected. They also have trading platform GDAX where you can interconvert these four Cryptocurrencies. GDAX is a good platform to avoid extra charges which during the purchase at Coinbase. But you need to make an account at Coinbase before making any trading on GDAX.
Available Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCC), Ethereum (ETH), and Litecoin (LTC)
Supported Fiat Currencies: USD, EUR, and GBP. On Coinbase and GDAX, Bitcoin can be purchased with USD, EURO, and GBP while Ethereum and Litecoin can be purchased with bitcoin, USD, and EURO. Currently, Bitcoin cash can be traded only against USD on GDAX.
Supported Payment Methods: Credit card/debit card, Online bank transfer, and Wire transfer
Supported Countries: At present Coinbase supports Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, and Switzerland. Trading on GDAX platform is available for residents of US, Canada, United Kingdom, and Europe
Supported US states: Currently Coinbase has license to offer services to residents of Alabama, Alaska, Arizona, Arkansas, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, Rhode Island,South Dakota, Tennessee, Texas, Vermont, Virginia, Washington and West Virginia
2. Binance
Most recommended Cryptocurrency Exchange to buy Bitcoin and 100s of Altcoins.
Binance: Binance is a popular place to trade Bitcoin and 100s of Altcoins. Binance is Hong Kong-based with servers in Korea. One can not use fiat money, such as USD, EUR and GBP to purchase any Cryptocurrencies at Binance but you can transfer bitcoin and 100s of Altcoins at Binance. All trading is done with four cryptocurrencies, Bitcoin, Ethereum, USDT and BNB. So even if you transfer any Altcoin you need to convert it to one of these four to buy any other altcoins and the list is huge. Binance is becoming one the best place to buy altcoins.
Available Cryptocurrencies: AdEx (ADX), aelf (ELF), Aeron (ARN), AirSwap (AST), Agrello (DLT), AION (AION), Amber (AMB), Ark (ARK), Basic Attention Token (BAT), BCX (BCX), Bancor (BNT), Binance (BNB), Bitcoin (BTC), Bitcoin Cash (BCC), Bitcoin Diamond (BCD), Bitcoin Gold (BTG), BitShares (BTS), BlockMason Credit Protocol (BCPT), Bread (BRD), Bytom (BTM), Cardano (ADA), ChainLink (LINK), Cindicator (CND), CoinDash (CDT), CyberMiles (CMT), Dash (DASH), Decentraland (MANA), DigixDAO (DGD), district0x (DNT), Enigma (ENG), EnjinCoin (ENJ), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), ETF (ETF), Etherparty (FUEL), EthLend (LEND), ETHOS (BQX), Everex (EVX), FunFair (FUN), Genesis Vision (GVT), Gifto (GTO), GXShares (GXS), HealthCare Chain (HCC), Hshare (HSR), ICON (ICX), ICONOMI (ICN), Komodo (KMD), KyberNetwork (KNC), Lisk (LSK), Litecoin (LTC), LLToken (LLT), loopring (LRC), Metal (MTL), MIOTA (IOTA), Modum (MOD), Moeda Loyalty Points (MDA), MONACO (MCO), Monero (XMR), Monetha (MTH), Neblio (NEBL), NEO (NEO), NeoGas (GAS), Nuls (NULS), OMG (OMG), openANX (OAX), OYOW (YOYO), Po.et (POE), Populous (PPT), PowerLedger (POWR), Qtum (QTUM), Quantstamp (QSP), Raiden Network Token (RDN), Request Network (REQ), Ripio Credit Network (RCN), Ripple (XRP), Salt (SALT), Simple Token (OST), SingularDTV (SNGLS), SONM (SNM), Status (SNT), Stellar Lumens (XLM), Storj (STORJ), Stratis (STRAT), Substratum (SUB), Super Bitcoin (SBTC), TetherUS (USDT), Tierion (TNT), Time New Bank (TNB), TRON (TRX), VeChain (VEN), Verge (XVG), Viberate (VIB), WaBi (WABI), WaltonCoin (WTC), Waves (WAVES), Zcash (ZEC), ZCoin (XZC), and ZRX (ZRX).
Supported Fiat Currencies: None. Binance doesn’t support purchasing any cryptocurrencies with fiat currencies like Dollar, Euro or GBP. First you need to buy other cryptocurrencies like Bitcoin, Ethereum somewhere (maybe from Coinbase) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective cryptocurrency address to transfer the currency) and subsequently, you can buy any cryptocurrency with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies first to exchange it for any other altcoins subsequently.
Supported Payment Methods: You can transfer Bitcoin or any of the listed Altcoin to Binance. Binance provides an address to receive your cryptocurrency payments in Deposit/Withdrawal section on the website.
Supported Countries: Biannce supports lots of countries as it is not offering purchase with Fiat currencies. However, the list of supported countries is not clearly mentioned on the website.
3. CEX.IO
cex.io: It is also a popular UK based exchange to buy, sell and trade cryptocurrencies. It also has license to operate in the US.
Available Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Bitcoin Gold (BTG), DASH, Ripple (XRP), Zcash (ZEC), and GigaHash (GHS)
Supported Fiat Currencies: USD, EUR, GBP, and RUB.
Supported Payment Methods: Bank transfer (Online bank transfer, Wire transfer, SEPA), 3-D Secure credit Card and Crypto Capital payment. Only 3 daily successful transactions are allowed using the credit card. Deposits via SEPA are also available with the same conditions as for Bank transfer. Deposits via payment cards are acceptable in any fiat currencies from supported countries. In case local currency is different from USD, EUR, or RUB, it is automatically converted into selected deposit currency. The exchange rate and any other fees associated with the transaction are calculated and deducted by your card issuer.
Supported Countries: CEX.IO supports all countries with some restrictions as below. In order to deposit or withdraw USD/EUR/RUB, all users from the USA are obliged to complete identity verification first. This is a mandatory requirement for all account types, including Basic.
Countries restricted for payments via credit/debit card: Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Cuba, Ethiopia, Iceland, Iran, Iraq, North Korea, Laos, Lebanon, Libya, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.
Countries restricted for payments via bank transfer: Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republicc, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan, Syria, Tanzania, Tunisia, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.
Countries restricted for payments via Crypto Capital payment gateway: Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan, Syria, Tanzania, Tunisia, United States, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.
4. Localbitcoins
localbitcoins.com: It is a marketplace where the user can trade Bitcoins locally to nearby customers. It is a company based in Helsinki, Finland. Its operate worldwide and provide a way even to meet in person to buy Cryptocurrency in exchange for cash. It can be treated as Craigslist for Cryptocurrency.One may get a much better deal at localbitcoin if lucky. Exchanges can only offer the market price/limit price but localbitcoins site will give you options for negotiating the price with your local neighbors. The website facilitates locating Bitcoin users interested in buying or selling bitcoin for cash or bank transfer. Localbitcoins site also has a reputation and feedback mechanism for users along with providing escrow and conflict-resolution service.
Supported Fiat Currency: Seller can select payment in any fiat currency.
Supported Payment Methods: At localbitcoins’s site, any user can post advertisements for selling or buying bitcoin just like Craigslist and they mention which payment method he/she will accept (cash or bank transfer). Other users can reply to such advertisements and agree to meet the person to buy bitcoins with cash or pay him/her with online banking without meeting. The site uses an escrow system and the transfer of bitcoin is made only after seller confirms the receiving of payments.
Supported countries: It supports almost all countries with few exception. LocalBitcoins claimed that 1.35 million people from 249 countries were using its platform on In September 2016. Localbitcoin stops operating in Germany since December 2014 because of the licensing issue. LocalBitcoins ceased to operate in New York state Since August 2015 because sellers need to purchase a BitLicense from the New York State Department of Financial Services to remain in compliance with local financial regulations. Access of LocalBitcoins from Russia blocked by Roskomnadzor since September 2016.
5. Kraken
Kraken is a US-based exchange which accounts for largest bitcoin exchange in Euro volume and liquidity.
Available Cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH), EOS (EOS), Gnosis (GNO), Tether USD (USDT), Ether Classic (ETC), Iconomi (ICN), Litecoin (LTC), Melon (MLN), Augur (REP), Dogecoin (XDG), Lumen (XLM), Monero (XMR), Ripple (XRP), and Zcash (ZEC)
Supported Fiat Currencies: USD, EUR (Euro), JPY (Japanese yen) and CAD (Canadian Dollar)
Supported Payment Methods: Bank transfer (SEPA for Euro, SWIFT for USD, SMBC for JPY, and Wire transfer for USD and CAD). Deposits via credit card, debit cards, PayPal, or similar services are not supported. Third-party payment processors like The Currency Cloud, Transferwise, etc. are also not supported.
Supported Countries: Kraken currently operates in most of the US states, Canada (all provinces and territories), European Union, and Japan. It needs ID confirmation for residents of Germany and Japan while SSN is required for US residents.
US states: It is not clearly mentioned on the website but Kraken will notify at the time of registration if it is not available yet in your state. As per latest information it supports AL, AR, AZ, CA, CO, DC, DE, GA, IA, ID, IL, IN, KS, MA, ME, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OK, OR, PA, SC, SD, TX, UT, VA, VT, WA, WI, WV, and WY.
6. CoinMama
CoinMama operates in 217 countries worldwide including most of the states in the United States as on January 2018.
Available Cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). You can only buy these two cryptocurrencies but selling is not available at present.
Supported Fiat Currencies: Fees are always displayed in USD or EUR but it accepts all currencies. If you are using any currency other than USD and EUR then your bank may charge some currency conversion charges.
Supported Payment Methods: Credit card or debit card (Only Visa and MasterCard). American Express, Discover, and PayPal are not supported.
Supported Countries: Afghanistan, Aland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Congo, Cook Islands, Costa Rica, Cote D’Ivoire, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Kuwait, Kyrgyzstan, Lao People’s Democratic Republic, Latvia, Lesotho, Liberia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, Madagascar, Malawi
Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique Mauritania, Mauritius, Mexico, Micronesia, Moldova, Republic of Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Niue, Norfolk Island, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Province of China, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan Turks and Caicos Islands, Tuvalu, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Viet Nam, Virgin Islands, British, Wallis and Futuna, Western Sahara, and Zambia
Supported US states: Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, Montana, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Wisconsin
7. Changelly
Changelly is a Prague based company which allow users to convert between cryptocurrencies easily and fast. It doesn’t provide conversion to or from government issue currencies. It simply aggregates information from largest Cryptocurrency trading platforms and suggests the best rates and easy interface to convert one Cryptocurrency to another. In other words, it is transferred from one wallet to another at best available rate at any particular time.
Available Cryptocurrencies: Bitcoin, Zcash, Dash, Ether Classic, Litecoin, Dogecoin, Bitcoin Cash, Bitcoin Gold, DigiBye, Expanse, GameCredits, Lisk, Gulden, Nxt, PotCoin, Power Ledger, Stratis, Syscoin, TokenCard, DigitalNote, and XEM (NEM)
Supported Fiat Currencies: This service is especially to convert one cryptocurrency to another but they have started instant buying of with USD and Euro using Visa and MasterCard.
Supported Payment Methods: Credit card (Visa and MasterCard) or use any crytocurrency to convert into another. One can pay with a 3D-secure card from any country and in any currency. However, transactions will be in either USD or EUR which may involve currency conversion charges. It doesn’t support PayPal.
Supported Countries: It allows users from most countries.
8. Poloniex
Poloniex is a US-based cryptocurrency exchange which does not support purchase using fiat currency.
Available Cryptocurrencies: AMP, ARDR, BCH, BCN, BCY, BELA, BLK, BTC, BTCD, BTM, BTS, BURST, CLAM, CVC, DASH, DCR, DGB, DOGE, EMC2, ETC, ETH, EXP, FCT, FLDC, FLO, GAME, GAS, GNO, GNT, GRC, HUC, LBC, LSK, LTC, MAID, NAV, NMC, NXC, NXT, OMG, OMNI, PASC, PINK, POT, PPC, RADS, REP, RIC, SBD, SC, STEEM, STORJ, STR, STRAT, SYS, USDT, VIA, VRC, VTC, XBC, XCP, XEM, XMR, XPM, XRP, XVC, ZEC and ZRX
Supported Fiat Currencies: None. All trading is done with Bitcoin (BTC), Ethereum (ETH), TehterUS (USDT) or Dash (XMR) and it has the huge list of altcoins which can be exchanged using one of above four digital assets.
Supported Payment Methods: One can use “Deposits & withdrawals” options to receive payment to respective cryptocurrency address.
Supported Countries: Supported countries are not clearly mentioned on website but it support many countries.
Supported US states: Except New Hampshire, New York and Washington D.C. Poloniex is availalbe in all other states.
9. EXMO
Exmo is a UK based company which offers to buy/sell and trade many cryptocurrencies.
Available Cryptocurrencies: Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, Waves, Zcash, Tether, Monero, Ripple, KickCoin, Ethereum Classic, Bitcoin Cash
Supported Fiat Currencies: Euro (EUR), US dollars (USD), Polish złoty (PLN), Ukrainian hryvnias (UAH) and Russian rubles (RUB)
Supported Payment Methods: The exchanges accept bank transfers and credit and debit cards. USD can be deposited using OKPAY, Neteller, Debit/Credit Card, Payza, Visa/MasterCard, AdvCash, Perfect Money, CryptoCapital, Wire Transfer Money Polo and Payeer. Euro can be deposited using GiroPay, Neteller, Payza, Debit/Credit Card, BanContact, Visa/MasterCard Perfect Money, Payeer, Money Polo, SEPA, CryptoCapital, OKPAY, AdvCash. RUB can be deposited via Yandex Money, Payeer, OKPAY AdvCash, Visa/Mastercard, MoneyPolo, Qiwi, Банковский перевод, and Contact. Polish złoty (PLN) can be deposited using Wire Transfer, CryptoCapital, Payza, OKPAY, DotPay MoneyPolo. AdvCash and Visa/MasterCard is supported for Ukrainian hryvnia (UAH)
Supported Countries: It supports more than 200 countries worldwide.
10. SpectroCoin
SpectroCoin offers a fiat and virtual currency exchange with wide spectrum of choices for payment methods and supported countries.
Available currencies: Bitcoin(BTC), DASH (DASH), Ether (ETH) and XEM (XEM)
Supported payment methods: Credit/debit cards, SEPA, International Bank Wire, iDEAL (Netherland Banks), SOFORT, GiroPay, Skrill, Neteller, PerfectMoney, OKPay, Payeer, Cash, Mobile Top-Up, Amazon Voucher, and Voucher Code
Supported fiat currencies: United States Dollar(USD ), Euro(EUR), Great Britain Pound(GBP), Chinese Yuan (CNY), Swiss Frank (CHF), Australian Dollar (AUD), Canadian Dollar (CAD), Czech Krone (CZK), Turkish Lira(TRY), Croatian Kuna(HRK), Ghanaian Cedi(GHS), Kenyan Shilling (KES), Danish Krone (DKK), Georgian Laris(GEL), Hong Kong Dollar(HKD), Japanese Yen(JPY), Norwegian Krone(NOK), Polish Zloty(PLN), Swedish Krone(SEK), Singapore Dollar(SGD), South African Rand(ZAR), Russian Ruble (RUB), and Nigerian Naira (NGN). It also support XAU (Gold)
Supported countries: It has a huge list of supported countries which include – Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo, Cook Islands, Costa Rica, Croatia, Cuba, Curaçao, Cyprus, Czech Republic, Côte d’Ivoire, Denmark, Djibouti, ominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Korea, Kosovo, Kuwait, Kyrgyzstan, Lao, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat,Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Romania, Russian Federation, Rwanda, Réunion, Saint Barthélemy, Saint Helena, Ascension and Tristan da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and the South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syrian Arab Republic, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Venezuela, Viet Nam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe and Åland Islands.
11. Gemini
Gemini is a USA based exchange registered in New York who has the license to provide services in most states of US along with some other countries. They have cold storage for most of ETH and BTC on the platform.
Available Cryptocurrencies: BTC and ETH
Supported Fiat Currencies: USD
Supported Payment Methods: Bank transfer (domestic and international Wire transfer; ACH transfer; SWIFT)
Supported Countries: US, South Korea, Canada, Hong Kong, UK, and Singapore
Supported US states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin, Wyoming
12. Kucoin
Kucoin is a new cryptocurrency exchange which offer trade between cryptocurrencies. Base cryptocurrencies to purchase any of the listed Altcoins are BTC, ETH, NEO, USDT and KCS. In other word, you need to either have one of these five cryptocurrencies to make any conversion or you first need to convert your cryptocurrency to one of these and subsequently make purchase of another Altcoin. This platform is very similar to Binance but relatively new. This exchange doesn’t have good reputation among few people but it has a good team and looks like a company with potential. However, I don’t have any personal experience with this exchange. I will suggest Binance as both have the similar features but Binance has good reputation as trusted exchange.
Currently supported Cryptocurrencies: KCS, RPX, QLC, XRB, AIX, DBC, DENT, SNOV,CAN, NEO, UTK, KEY, PRL, XLR, BNTY, DRGN, LEND, ACT, CAG, AION, POLL, ONION, ENJ, ETC, ETH, LTC, VEN, WTC, XAS, POWR, BCH, POE, SNM, FLIXX, LA, MOD, QSP, SUB, TFL, AMB, HST, PBL, RDN, REQ, UKG, DASH, ELIX, RHOC, R, DGB, EOS,HSR, KNC, OMG, PPT, NEBL, PURA, BTG, EVX, BCD, GAS, GVT, MTH, NULS, QTUM, STX, BCPT, BTM,CVC, PAY, SNT, and BHC
Supported Fiat Currency: None. You can only convert one cryptocurrency to another.
Supported countries: KuCoin is not a regulated exchange. It is not clear if it doesn’t support any country.
13. BitPanda
BitPanda (Not for USA customers but popular in Europe): Bitpanda (formerly known as Coinimal) is an Austrian based company founded in 2014.
Available Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Dash
Supported Fiat Currencies: EUR
Supported Payment Methods: It supports payment via Mastercard, Visa, Soforttransfer, EPS, Giropay, Neteller, Skrill, OKPay, Online Bank Transfer and SEPA. It supports the withdrawal of fiat money via SEPA-transaction to your bank account.
Supported Countries: BitPanda supports all European countries. US is not supported.
14. Coinhouse
Coinhouse (Not for USA customers but available for Europe): This exchange is based in Paris, France.
Available Cryptocurrencies: Bitcoin and Ehereum
Supported Fiat Currencies: Euro (EUR)
Supported Payment Methods: It supports purchasing with a 3D secure credit card or debit card, or with Neosurf prepaid cards
Supported Countries: All European countries
15. 247Exchange
247Exchange (No USA customers): This exchange is based in Belize where registration and id verification is not required before purchase.
Available Cryptocurrencies: Bitcoins
Supported Fiat Currencies: USD (United States Dollar), EUR (Euro), GBP (British Pound), AUD (Australian Dollar), CAD (Canadian Dollar), CZK (Czech Koruna), DKK (Danish Kron), JPY (Japanese Yen), NOK (Norwegian Krone), NZD (New Zealand Dollar), RON (Romanian New Leu), SEK (Swedish Krona), TRY (Turkish Lira) and ZAR (South African Rand). They keep adding new fiat currency constantly.
Supported Payment Methods: Bank wire, credit/debit card (Visa, MasterCard, Maestro), SEPA, local bank transfers, cash deposits, and e-wallets. Paypal is not accepted.
Supported Countries: Supported countries are not very clearly mentioned on the website. It doesn’t support the US but supports UK, Canada, Czech Republic, European Countries.
16. VirWoX
VirWoX is an Austria based company.
Available Cryptocurrencies: Linden Dollars, Avination’s C$, and the Open Metaverse Currency (OMC) along with Bitcoin
Supported Fiat Currencies: USD, EUR, GBP, and CHF
Supported Payment Methods: PayPal, Credit/Debit Cards (via Skrill/Moneybookers), paysafecard, Ukash, SOFORTbanking, and bank transfers.
Supported Countries: Worldwide
17. Bitmex
Bitmex (Not for USA customers): It is a place to trade Bitcoin, Bitcoin Cash, Binary, Dash, Ethereum, Ethereum classic, Litecoin, Monero, Ripple, Tezos, and Zcash. It is a Hong Kong-based company and support 3 fiat currencies US Dollar (USD), Japanese Yen (JPY) and Chinese Yuan (CNY).
18. ShapeShift
ShapeShift: It doesn’t need an account through registration and you can swap between your digital assets easily. It is a Switzerland based company founded in 2013. They have most of the Cryptocurrency in the list which can be exchanged for any other Cryptocurrency in the list. In other words, this is just changing from one digital asset to another.
19. Bitfinex
Bitfinex (Not for USA citizens): Bitfinex is based in Hong Kong and offers exchange and trading of Bitcoin, Bitcoin Cash, Ethereum, Iota, Ripple, Litecoin, EOS, Ethereum Classic, NEO, Dash, Monero, Zcash, OmiseGO, Santiment, BTG, Qtum, ETP, Streamr, YOYOW, QASH, Eidoo, and Aventus against USD or Euro.
20. Bitstamp
Bitstamp: It is a Luxembourg based company which accept fiat currency like USD and Euro. They store the bulk of the Cryptocurrency offline to avoid hackers. It is one of the popular cryptocurrency exchange in Europe because fiat currency deposited via SEPA is 100 percent free. One can trade Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Ether (ETH) and Bitcoin Cash (BCH) at Bitstamp. While trading can only support USD but money can be deposited either in USD or Euro. All Euro deposits are converted to USD balance.
A comprehensive guide to earn free Bitcoin and other Cryptocurrency
Nothing is free in this world. If it is offered free then you must need to give some of your valuable time. If you have some spare time then you can earn a lot of Bitcoin and Altcoins. Here, I have discussed all the ways to earn free Cryptocurrency.
There is a number of companies whose business is based on Cryptocurrency and they will not mind sharing their profit in return for your effort to provide them more customers. If you choose the right company to promote then you can earn a lot of Bitcoin and other Altcoins. Following is the list of various affiliate programs.
Exchange and marketplace
Exchange and marketplace are the places where people can buy and sell Bitcoin and Altcoins. Following is the list of affiliates which have a good reputation for paying affiliates.
- Coinbase: Coinbase is world’s most popular place to purchase popular Cryptocurrency. It pays both affiliates and the customer $10 worth of BTC once your referred customers purchase Cryptocurrency at least of $100 worth.
- Binance.com and Binance.us: It is a popular place to trade Bitcoin and 100s of Altcoin. It pays 20-40% of the trading fee to their affiliates.
- cex.io: It is also a popular exchange to buy, sell and trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Bitcoin Gold (BTG), DASH, Ripple (XRP), Zcash (ZEC), and GigaHash (GHS). It pays 30% of the trading fee to their affiliates.
- LocalBitcoins: It is a marketplace where the user can trade Bitcoins locally to nearby customers. It pays 20% of the user’s trading fee on each trade.
- CoinMama: Currently, it allows the option of purchase Bitcoin and Ethereum. They are not offering to sell at this time. Referrals will get 15% of Coinmama’s commission on all future purchases of referred customers.
- Virwox: One can purchase Linden Dollars, Avination’s C$, and the Open Metaverse Currency (OMC) along with Bitcoin at VirWoX. It pays 20% of all the commissions paid to VirWoX by your referrals.
- Gemini: It offers to purchase and trading for Bitcoin and Ethereum.
- BitPanda (Not for USA customers but popular in Europe): Bitpanda (formerly known as Coinimal) is an exchange where you can buy and sell Bitcoin, Ethereum, Litecoin, and Dash. Referrals will receive a €2.50 bonus for every referred and 5% lifetime revenue share.
- Coinhouse (Not for USA customers but available for Europe). It is a place to buy Bitcoin and Ehereum. It pays 20% of all operations commissions to the referrals.
- 247Exchange (No USA customers): Here users can buy Bitcoins via credit card, debit card and wire transfers where registration and id verification are not required. It pays 30% of the fees what 247exchange receives from that client lifetime
- Exmo: It is a place to buy/sell and trade Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, Waves, Zcash, Tether, Monero, Ripple, KickCoin, Ethereum Classic, Bitcoin Cash. It offers 25% of the commissions on exchange transactions of referred customers.
- Bitmex (Not for USA customers): It is a place to trade Bitcoin, Bitcoin Cash, Binary, Dash, Ethereum, Ethereum classic, Litecoin, Monero, Ripple, Tezos, and Zcash. You will get 10-20% lifetime commission on referred customers.
- Changelly: It offers exchange for purchasing Bitcoin, Zcash, Dash, Ether Classic, Litecoin, Dogecoin, Bitcoin Cash, Bitcoin Gold, DigiBye, Expanse, GameCredits, Lisk, Gulden, Nxt, PotCoin, Power Ledger, Stratis, Syscoin, TokenCard, DigitalNote and XEM (NEM). It offers 50% lifetime commissions whenever your referred customers make any purchase.
- ShapeShift: It doesn’t need an account and you can swap between your digital assets easily. The affiliate program will pay .25% of the monthly volume in Bitcoin. It offers API integration on website.
- Bitfinex (Not for USA citizens): It offers exchange and trading of Bitcoin, Bitcoin Cash, Ethereum, Iota, Ripple, Litecoin, EOS, Ethereum Classic, NEO, Dash, Monero, Zcash, OmiseGO, Santiment, BTG, Qtum, ETP, Streamr, YOYOW, QASH, Eidoo, and Aventus against USD or BTC. You need to personally contact customer support to join affiliate program.
Bitcoin Lending
- Xcoins: It is a Bitcoin platform that allows people to lend Bitcoin to one another. It pays for Borrower and Lender Referrals. If you directly refer a customer then you will get 15% commission while referring by your sub-affiliates will be paid as 5% commission.
- Bitbond: It is a marketplace to borrow or lend your money as Bitcoin. If you refer a borrower you’ll receive 20% of the origination fee. If you refer a lender you will receive 30% of the origination fee. You can earn up to 50% of Bitbond’s origination fee as a commission.
Hardware wallet
A hardware wallet allows you to safely store your Bitcoins offline.
- Ledger wallet: 15% of the net sale amount. It support storage of Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), Zcash (ZEC), Ripple (XRP), Dash (DASH), Stratis (STRAT), Komodo (KMD), Ark (ARK), Expanse (EXP), Ubiq (UBQ), Vertcoin (VTC), Viacoin (VIA), Neo (NEO), Stealthcoin (XST), Stellar (XLM), Hcash (HSR), Digibyte (DGB), Qtum (QTUM) and PivX (PIVX).
- TREZOR: You need to apply to be an affiliate to earn 10% referral commissions. TREZOR supports some coin natively through its software and many other through third-party wallets like MyEtherWallet. Natively supported digital assets are Bitcoin, Litecoin, Dash, and ZCash. While other cryptocurrencies supported through third-party wallets like MyEtherWallet are Ethereum (ETH), Ethereum Classic (ETC) and ERC-20 tokens. Some examples of ERC tokens are OmiseGo, Golem, and CIVIC.
- KeepKey: (latest Bitcoin hardware wallet) 10% of the sale cost. You can also refer other affiliates and get 5% of their earnings. It supports secure storage of bitcoin, ethereum, litecoin, dogecoin, dash, and namecoin.
- Paxful: 2% of the total purchase sent to your Paxful bitcoin wallet. It supports only Bitcoin but is not a hardware wallet in the real sense but has multiple security when Bitcoin stored here.
Trading and investiment
- AvaTrade: It is a forex company allowing people to speculate and leverage their trading on Bitcoin’s price. Commission is based on revenue share or CPA ($250 per customer)
- Plus500: It is a forex company allowing people to speculate and leverage their trading on Bitcoin’s price. It offers commission based on revenue share or CPA (up to $700 per customer).
- 1Broker: This trading platform lets you use your BTC to trade CFDs for the top forex pairs, commodities, indices and stocks. They offer leveraged trading and fairly low spreads. They offer 25% commission on the spreads paid by any trader who signs up under your account.
- CryptoTrader: this unique service provides a platform for users to purchase and use trading bots for automated Cryptocurrency trading. The referral program pays out 10% on the recurring payments for premium accounts and one-off payments to purchase new trading bots.
Bitcoin Web Hosting
- bitcoinwebhosting.net: This is a company where website owners can pay hosting fee as bitcoin. It offers different pay for different hosting plans ($10 for every signup; For shared and VPS referrals, you earn $25 – $100 per sale; Dedicated servers and DDoS protection earn 50% of the 1st month’s invoice)
P.S. We will keep this article updated based on new earning potentials. Please keep this page bookmarked. Any suggestions on adding new ways to earn free cryptocurrency are welcomed in the comment section. We will try to include that in the main article.
A comprehensive guide to Cryptocurrency
What is Cryptocurrency?
Cryptocurrency is an alternative currency not issued by any government and not associated with any country. It is a digital asset which can be transferred between two people using a code where there is no middleman or no involvement of Credit Company. This decentralized currency maintains anonymity where there is no need to know people who are exchanging and transactions are untraceable. There is also some concern that such currency is used by criminals as privacy is maintained during the transactions.
The first Cryptocurrency, Bitcoin, was invented in 2009 by an unknown person or group of people named as “Satoshi Nakamoto”.
How many Crytocurrencies exist?
Bitcoin was invented first but subsequently, there is number of other introduced later which are collectively called as Altcoin to make it different from Bitcoin. These works on the same basics but they use different code. Following is the list of some alphabetically arranged Cryptocurrencies and the most popular are marked as bold. There are many more as well besides following.
- AdEx (ADX)
- aelf (ELF)
- Aeron (ARN)
- AirSwap (AST)
- Agrello (DLT)
- AION (AION)
- Amber (AMB)
- Ark (ARK)
- Basic Attention Token (BAT)
- BCX (BCX)
- Bancor (BNT)
- Binance (BNB)
- Bitcoin (BTC)
- Bitcoin Cash (BCC)
- Bitcoin Diamond (BCD)
- Bitcoin Gold (BTG)
- BitShares (BTS)
- BlockMason Credit Protocol (BCPT)
- Bread (BRD)
- Bytom (BTM)
- Cardano (ADA)
- ChainLink (LINK)
- Cindicator (CND)
- CoinDash (CDT)
- CyberMiles (CMT)
- Dash (DASH)
- Decentraland (MANA)
- DigixDAO (DGD)
- district0x (DNT)
- Enigma (ENG)
- EnjinCoin (ENJ)
- EOS (EOS)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- ETF (ETF)
- Etherparty (FUEL)
- EthLend (LEND)
- ETHOS (BQX)
- Everex (EVX)
- FunFair (FUN)
- Genesis Vision (GVT)
- Gifto (GTO)
- GXShares (GXS)
- HealthCare Chain (HCC)
- Hshare (HSR)
- ICON (ICX)
- ICONOMI (ICN)
- Komodo (KMD)
- KyberNetwork (KNC)
- Lisk (LSK)
- Litecoin (LTC)
- LLToken (LLT)
- loopring (LRC)
- Metal (MTL)
- MIOTA (IOTA)
- Modum (MOD)
- Moeda Loyalty Points (MDA)
- MONACO (MCO)
- Monero (XMR)
- Monetha (MTH)
- Neblio (NEBL)
- NEO (NEO)
- NeoGas (GAS)
- Nuls (NULS)
- OMG (OMG)
- openANX (OAX)
- OYOW (YOYO)
- et (POE)
- Populous (PPT)
- PowerLedger (POWR)
- Qtum (QTUM)
- Quantstamp (QSP)
- Raiden Network Token (RDN)
- Request Network (REQ)
- Ripio Credit Network (RCN)
- Ripple (XRP)
- Salt (SALT)
- Simple Token (OST)
- SingularDTV (SNGLS)
- SONM (SNM)
- Status (SNT)
- Stellar Lumens (XLM)
- Storj (STORJ)
- Stratis (STRAT)
- Substratum (SUB)
- Super Bitcoin (SBTC)
- TetherUS (USDT)
- Tierion (TNT)
- Time New Bank (TNB)
- TRON (TRX)
- VeChain (VEN)
- Verge (XVG)
- Viberate (VIB)
- WaBi (WABI)
- WaltonCoin (WTC)
- Waves (WAVES)
- Zcash (ZEC)
- ZCoin (XZC)
- ZRX (ZRX)
The market of Cryptocurrency is extremely promising. At the same time, it is very risky to invest. New cryptocurrencies are emerging at the high pace while many older losing strength. Some get wealthy while some become bankrupt. New Cryptocurrency comes with a promise to change the whole world which may or may not be true.
How to calculate the value of any Cryptocurrency?
The real value of Cryptocurrency is determined by the market. It is not controlled by any central bank. Cryptocurrency is controlled by an algorithm which cannot be changed by anybody. So, nobody has the control on how many such Cryptocurrency can be created in future. Most of the time, the total number is fixed. Cryptocurrency value is decided based on the relationship between supply and demand. So, it is of less importance to measure the real worth at any given moment. Its value can go up or down based on supply and demand. The value of most government-issued currencies is based on physical commodities like Gold, but cryptocurrency value is based on faith and fear. Any good news in the market can increase the value while any bad news will decrease the value. Government regulations, new legal rules, country-based restrictions, etc are the very important aspects in increasing or decreasing the g current market price of cryptocurrencies.
Bitcoin is accepted currency for payment at major websites like Expedia, WordPress, Biratebay, Reddit etc. However, most of the other currencies have value only in its exchange and how quickly it is getting accepted by major retailers worldwide. Any currency has value only if there are people who are willing to give any product or service on its exchange.
Other benefits or owning Cryptocurrency
This is very easy to manage different accounts for these currencies. As nobody knows how much you own so you are safe from hackers, cybercriminals, and criminals. Money can be transferred just by codes globally. The main benefit is very low transaction fees during transfer of money to anybody all over the world. It is very easy to send big money or tiny amount globally without the involvement of any bank. There is no need to lose money during the exchange at the time of global payment. You don’t need to give your personal details to anybody before making any transactions. So, it is the safe method of payment without the fear of identity theft. As payments are irreversible, there is no need to worry about chargebacks like Visa, MasterCard or PayPal. Many people see Cryptocurrency as long-term investment plan. Purchasing Bitcoin to is also emerging as a way to protect devaluation of national currency and is very popular in countries like Zimbabwe. The power of Smart Contracts or token on Ethereum platform is also getting popular enabling companies to get millions of dollar in crowdfunding.
How to store Cryptocurrency?
Cryptocurrency is digital money so owning Cryptocurrency simply means that you have a software address where money is stored and a secret key to see and use the balance. The address and key can be stored electronically or on paper as long as you can perverse it. The place where you store Cryptocurrency is called as Wallet. The wallet can be online or offline. The online wallet can be of two type – first is wallet available at different websites and second is wallet software stored on the computer. The offline wallet can be a hardware-based wallet which is just like a memory card or junk drive which can be accessed using USB port. As Cryptocurrency is based on code so the safest way to store it is to use the paper-based method. Hackers may get access to the online system so there is always a risk for online storage of money. However, paper-based storage is least convenient. Having digital wallet is the first thing to do before getting any Cryptocurrency.
How to buy Cryptocurrency?
There are many exchanges and trading platforms where Cryptocurrency can be purchased. They also provide a digital online wallet to store purchased Cryptocurrenies. However, you can transfer your currency to any personal wallet anytime. You should always be extremely careful at the time of choosing right exchange or trading platform as you are going to give your bank or card details. The most popular place to purchase Bitcoin, Bitcoin Cash, Ethereum, and Litecoin in USA is Coinbase exchange by paying in USD, Euro or GBP. Money can be transferred through online banking, wire transfer, ACH transfer, credit card, debit card. You also need to verify your identify by uploading your identify card to fulfill the legal requirement of KYC (Know Your Customer).
Binance is the trading trading platform where you can purchase 100s of altocoins. However, you can’t purchase altcoins directly by paying in Dollar or Euro. First you need to buy other cryptocurrencies like Bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase) then you need to transfer that to Binance balance and subsequently, you can buy Altcoins with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also known as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. Even if you have any altcoin, you can transfer it to Binance balance and then you need to purchase one of above four currencies at market price first to exchange it for other altcoins like Verge later.
Other places to buy crytocurrencies are CoinMama, Cex.io, Virwox, BitPanda, Xcoins, Exmo, Bitstamp, Bitfinex, Kraken etc. Some people also sell Bitcoin and other altcoin on eBay but the prices are at much higher rate compared to current market value. So if you only have this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like craigslist, offer up, letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
There are some options to purchase cryptocurrencies in cash by trading with someone in real life. Localbitcoins.com provides a platform where people can buy Bitcoin by paying in cash to nearby people interested in selling. However, you should be extremely careful during such deals and should always meet in public place because of the personal safely reason. However, money can be transferred digitally.
Is it legal to own Cryptocurrency?
Anybody in world may gain access to Cryptocurrency. However, there is no legal standing for such currencies and some countries like Iceland had imposed ban on their use. Some countries are also imposing restricted use where it is necessary to disclose profit made with Cryptocurrency for tax purposes.
What is Cryptocurrency mining?
The total number of all Cryptocurrency is generally fixed. The new coins are released on a steady and predictable rate but the total number is always fixed. Mined Cryptocurrency comes in circulation. Mining new coins is not possible once that final target is reached. The verifications of the transactions in network is also called mining. In early days, it was easier for people to mine coins with regular computer but now the competitions is too high and sophisticated hardware have come in market which is used to mine new coins. At present, it is not a profitable reason to start mining if one doesn’t have sufficient financial backups to build mining infrastructure. It may be waste of time without good infrastructure.
What is the risk associated with keeping crytocurrency?
There is always a risk associated with software based currencies. Cryptocurrency ownership is based on some code and private keys. If somebody gains access to code and key then they can steal the stored money. Therefore a certain level of computer skill is required to understand associated risk and to keep money safe.
What is Bitcoin (BTC) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Bitcoin (BTC).
What is Bitcoin?
Bitcoin is a software-based currency which was created in 2009 by an unknown person using the alias Satoshi Nakamoto. This is a decentralized platform where no banks involved in the transactions between two people. It is accepted at many big online retailers like Expedia, Overstock, Xbox games etc. Bitcoin future is also trading on the regulated stock platform from December 2017. The money is transferred from one person to another at software generated address and therefore it offers anonymity and it makes international payments easy and cheap. It doesn’t tie to any country and currently out of government regulation in most countries. Small business also it as the mode of payment while some people buy it as an investment hoping its value will skyrocket in coming days.
Who can buy Bitcoin?
Anybody can purchase Bitcoin using a government-issued currency where bank transfer, wire transfer, ACH transfer, credit card and debit card can be used. One can also trade Bitcoin with other currency on popular trading platforms.
How and where to buy Bitcoin?
Coinbase is the most popular place to purchase Bitcoin and is best especially for US citizens. You can also purchase Bitcoin by exchanging it with any other altcoin at exchanges like Binance (Best for USA and International purchase) or Bitfinex (Best only for Non-USA). However, at Binance you can’t purchase Bitcoin directly by paying in Dollar or Euro. First, you need to have the cryptocurrency like Ethereum, BNB or USDT which you need to transfer into Binance balance (transfer is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently, you can buy Bitcoin with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you purchase Bitcoin.
However, there is a number of other options like Cex.io, CoinMama, BitPanda, Virwox etc. Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell bitcoin on eBay. Current market price of 1 bitcoin is about $15,000-20,000 as on December 24, 2017, while it’s available on eBay anywhere between $40,000-$50,000. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Bitcoin
Bitcoin is a fast-rising Cryptocurrency. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
What is Ethereum (ETH) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Ethereum (ETH).
What is Ethereum?
Ethereum provides a cryptocurrency token called “ether”. Ethereum platform was first proposed in 2013 by Vitalik Buterin and the project was funded by an online crowdsale in 2014 and subsequently launched in 2015. The collapse of DAO project resulted in two separate blockchains – Ethereum (ETH) and Ethereum Classic (ETC). It is also the leading blockchain platform for Initial Coin Offering (ICO) projects with over 50% market share.
Who can buy Ethereum?
Anybody can purchase Ethereum using a government-issued currency where bank transfer, wire transfer, ACH transfer, credit card and debit card can be used. One can also trade Ethereum with other currency on popular trading platforms.
How and where to buy Ethereum?
Coinbase is the most popular place to purchase Ethereum and its best, especially for US citizens. You can also purchase Ethereum by exchanging it with Bitecoin or other currencies at exchanges like Binance (Best for USA and International purchase) or Bitfinex (Good only for Non-USA). However, at Binance you can’t purchase Ethereum directly by paying in Dollar or Euro. First you need to buy other cryptocurrencies like Bitcoin, Ethereum somewhere (may be from Coinbase) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Ethereum with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other altcoins like Ethereum.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Ethereum on eBay. Current market price of 1 ethereum is about $300-350 as on December 24, 2017, while it’s available on eBay anywhere between $500-$1000. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like Craigslist, Ooffer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Ethereum
Ethereum is a fast-rising cryptocurrency. The only question which everybody is asking – Is this the right time to think about cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
How to buy Litecoin (LTC)?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Litecoin (LTC).
What is Litecoin?
Litecoin is a cryptocurrency (altcoin) launched in 2011 by Charlie Lee, an engineer at Google. Litecoin used the same bitcoin’s source code and is based on the blockchain. Litecoin network is faster and mining takes about 2.5 minutes compared to 10 minutes in case of bitcoin. Transaction fees are also significantly low.
Who can buy Litecoin?
Anybody can purchase Litecoin using the government-issued currency where bank transfer, wire transfer, ACH transfer, credit card and debit card can be used. One can also trade Litecoin with other currency on popular trading platforms.
How and where to buy Litecoin?
Coinbase is the most popular place to purchase Litecoin and its best, especially for US citizens. You can also purchase Litecoin by exchanging it with Bitecoin or any other currencies at exchanges like Binance (Best for USA and International purchase) or Bitfinex (Best only for Non-USA). However, at Binance you can’t purchase Litecoin directly by paying in Dollar or Euro. First, you need to buy other cryptocurrencies like bitcoin, Ethereum somewhere (may be from Coinbase) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can, buy Litecoin with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other altcoins like Litecoin.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Litcoin on eBay. Current market price of 1 Litecoin is about $300-350 as on December 24, 2017, while it’s available on eBay anywhere between $500-$1000. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like craigslist, offer up, letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Litecoin
Litecoin is a fast-rising cryptocurrency. The only question which everybody is asking – Is this the right time to think about cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
Coinbase & GDAX Trading Platform: Buy/Sell/Trade BTC, BCC, ETH & LTC
Brief about Coinbase and GDAX?
Coinbase is the most popular place to buy cryptocurrency. It is based on the US and offers four cryptocurrencies at present. GDAX is a trading platform by Coinbase which is the world’s most popular site to purchase bitcoin, Ethereum, Litcoin, and bitcoin cash. GDAX also offer these four cryptocurrencies to trade against government-issued currencies.
- Bitcoin (BTC)
- Bitcoin cash (BCC)
- Ethereum (ETH)
- Litecoin (LTC)
Supported currencies
On GDAX, bitcoin can be purchased with USD, EURO, and GBP while Ethereum and Litecoin can be purchased with bitcoin, USD, and EURO. Currently, Bitcoin cash can be traded only against USD.
Benefits and risk of trading
Trading can be extremely risky and may result in losses. Every sell also involve a purchase from somebody and there is always a chance that one of these two people will be benefited more with the trade. However, if you purchase at the low price and sell at the higher price then there is a chance that you can make good money out of trading. There is no limit on how many times you can trade so you can repeat the cycle of buying and selling to maximize profit.
Where to begin?
You first need to join Coinbase. Once you joined you will use the same login credential to use GDAX. However, you need to verify your identity which can be done on Coinbase or GDAX website interface. They need your identity card to be uploaded to verify your account. Once your identity is verified then you can start trading on the GDAX platform.
Supported Countries by Coinbase?
Currently, Coinbase is supported in 32 countries. Citizens of these countries can buy and sell cryptocurrencies at Coinbase.
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Finland
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Liechtenstein
- Malta
- Monaco
- Netherlands
- Norway
- Poland
- Portugal
- San Marino
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
GDAX trading is supported in 4 Countries
- US
- Canada
- United Kingdom
- Europe
They keep adding new countries. Please follow the following links to know the current status of supported countries and what payment methods available for residents of these countries
Supported US states: Link give you details of US states where Coinbase/GDAX has licence to do business.
Supported Countries: Link also give you information about which currencies can be used to buy/sell cryptocurrencies
Binance Cryptocurrency Platform: Purchase and Trade 100s of Altcoins
Following are the list of altcoins currently offered on Binance trading platform as on 12th December 2017. The list is alphabetically arranged and there is no relation between potential or popularity of these altcoins. This platform regularly adds new coins and delist some unpopular coins.
- AdEx (ADX)
- aelf (ELF)
- Aeron (ARN)
- AirSwap (AST)
- Agrello (DLT)
- AION (AION)
- Amber (AMB)
- Ark (ARK)
- Basic Attention Token (BAT)
- BCX (BCX)
- Bancor (BNT)
- Binance (BNB)
- Bitcoin (BTC)
- Bitcoin Cash (BCC)
- Bitcoin Diamond (BCD)
- Bitcoin Gold (BTG)
- BitShares (BTS)
- BlockMason Credit Protocol (BCPT)
- Bread (BRD)
- Bytom (BTM)
- Cardano (ADA)
- ChainLink (LINK)
- Cindicator (CND)
- CoinDash (CDT)
- CyberMiles (CMT)
- Dash (DASH)
- Decentraland (MANA)
- DigixDAO (DGD)
- district0x (DNT)
- Enigma (ENG)
- EnjinCoin (ENJ)
- EOS (EOS)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- ETF (ETF)
- Etherparty (FUEL)
- EthLend (LEND)
- ETHOS (BQX)
- Everex (EVX)
- FunFair (FUN)
- Genesis Vision (GVT)
- Gifto (GTO)
- GXShares (GXS)
- HealthCare Chain (HCC)
- Hshare (HSR)
- ICON (ICX)
- ICONOMI (ICN)
- Komodo (KMD)
- KyberNetwork (KNC)
- Lisk (LSK)
- Litecoin (LTC)
- LLToken (LLT)
- loopring (LRC)
- Metal (MTL)
- MIOTA (IOTA)
- Modum (MOD)
- Moeda Loyalty Points (MDA)
- MONACO (MCO)
- Monero (XMR)
- Monetha (MTH)
- Neblio (NEBL)
- NEO (NEO)
- NeoGas (GAS)
- Nuls (NULS)
- OMG (OMG)
- openANX (OAX)
- OYOW (YOYO)
- Po.et (POE)
- Populous (PPT)
- PowerLedger (POWR)
- Qtum (QTUM)
- Quantstamp (QSP)
- Raiden Network Token (RDN)
- Request Network (REQ)
- Ripio Credit Network (RCN)
- Ripple (XRP)
- Salt (SALT)
- Simple Token (OST)
- SingularDTV (SNGLS)
- SONM (SNM)
- Status (SNT)
- Stellar Lumens (XLM)
- Storj (STORJ)
- Stratis (STRAT)
- Substratum (SUB)
- Super Bitcoin (SBTC)
- TetherUS (USDT)
- Tierion (TNT)
- Time New Bank (TNB)
- TRON (TRX)
- VeChain (VEN)
- Verge (XVG)
- Viberate (VIB)
- WaBi (WABI)
- WaltonCoin (WTC)
- Waves (WAVES)
- Zcash (ZEC)
- ZCoin (XZC)
- ZRX (ZRX)
Benefits and risk of trading
Trading can be extremely risky and may result in losses. Every sell also involve a purchase from somebody and there is always a chance that one of these two people will be benefited more with the trade. However, if you purchase at the low price and sell at the higher price then there is a chance that you can make good money out of trading. There is no limit on how many times you can trade so you can repeat the cycle of buying and selling to maximize profit. The main benefits of using Binance trading platform is that you can purchase any altcoins at very low price and keep it for long enough time till it becomes more valuable.
Where to begin
You first need to join Binance. Once you joined, you need to verify your identity by uploading your identity card. Once your identity is verified then you can start trading on the Binance platform. They generally take 1-2 days to verify account which also depends on how busy is the queue.
What is Verge (XVG) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Verge (XVG).
What is Verge?
Verge is a Cryptocurrency which provides total anonymity and privacy to users. All transactions are completely anonymous and untraceable. It hides personal data, such as IP-addresses and geolocation during transactions which gives total confidentiality of the users. Verge is an open source project and not controlled by any private organization. Therefore all development and new features are the outcomes of the whole community. Verge was created in 2014 under the name DogeCoinDark and was re-branded to Verge Currency in 2016.
Who can buy Verge?
Verge is an altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Bitcoin Gold.
How and where to buy Verge?
Binance (Best for USA and International purchase) is the best places to buy Verge. However, you can’t purchase Verge directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Verge with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Verge.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Verge on eBay. Current market price of 1 verge is about ~$0.1 as on December 20, 2017, while it’s available on eBay anywhere between $0.2-0.5. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Verge
Verge is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.