Who can buy Bitcoin Gold (BTG)?
How To Buy Cryptocurrency?
January 21, 2018
Leave a comment By crypto
Buying cryptocurrency is not as tough as people think. Still, most of the people don’t invest as they are not aware of good way to buy cryptocurrency. This guide will help in buying Bitcoin or any other Altcoin in super easy way.
Two ways to buy Cryptocurrency
1) Purchase using Fiat currency like USD, EUR, GBP, CNH, JPY, CAD, INR etc
2) Purchase using Bitcoin (or using major altcoin like Ethereum)
1. Buying cryptocurrency using Fiat currency
You can buy cryptocurrency at exchanges.
(A) Coinbase
Coinbase is the world’s most popular exchange to buy Cyptocurrency with fiat currency.
Above is the interface to buy cryptocurrency at Coinbase. Additional details about Coinbase are as below.
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
(B) Other reputed exchanges
If you are unable to make your purchase on Coinbase then there are some other good options. To make this article simple, I have listed all other exchange options at different post. As Coinbase offers only 4 Cryptocurrencies so you can explore this link to find other exchanges to purchase cryptocurrency of your choice with Fiat currency.
2) Purchase using Bitcoin (or using major altcoin like Ethereum)
Only well established Cryptocurrenies are available for purchase using Fiat currencies while there are 100s of potential Altcoins which you can’t purchase using fiat currencies. Binance is the most popular place to buy 100s of Altcoins.
(A) Binance
Binance trading platform is the most popular exchange for purchasing 100s of Altcoins. You can make a deposit of any available Crypocurency at Binance and subsequently purchase any other Altcoin with that. However, all trading is done only with four Cryptocurrencies – Bitcoin, Ethereum, USDT and BNB. So even if you transfer any Altcoin like Litecoin (may be purchased from Coinbase) then you need to convert it to one of above four to buy any other subsequently. As transaction verification fee is very high for Bitcoin so transferring other Altcoins like Litecoin to Binance can save you some money. In other words, if you deposit Bitcoin, Ethereum, USDT and BNB to Binance then you can make purchase of any other Altcoin with that directly but if you transfer any other digital asset like Litecoin then purchase will involve two steps, step 1 will be purchasing Bitcoin, Ethereum, USDT or BNB and then second step will be purchase of cryptocurrency of your choice. However, please confirm the purchase pair as only few Altcoin purchase is available with USDT and BNB but Bitcoin and Ethereum can pair with any Altcoins. Binance has two trade view – “Basic” and “Advance”. Basic interface is easy to understand and can be used for beginners who are new to the Binance. Following is the example of both interface to buy Ripple as example.
Basic Trading Interface of Binance
Advance Trading Interface of Binance
(B) Other reputed exchanges
There are some other good options as well to change one digital asset to another. But to make this article simple, I have listed all other exchange options at different post.
Cryptocurrencies to Invest In 2018 (Top 15 List)
Cryptocurrency becomes very popular in 2017 and many new small investors are thinking to invest into this. There are 1000s of altcoins other than Bitcoin. Many new cryptocurrencies are also added on regular basis. So it is very confusing for early investors who don’t have any idea about Cryptocurrency. Here, I have compiled a list of good options which are very popular in all major Cryptocurrency exchanges. One can consider purchasing these. It is advisable not to put all your fruits in one basket. One should invest in multiple cryptocurrencies. Investing in multiple cryptocurrencies gives the flexibility to explore gain from the random rise in the price of some cryptocurrencies because of the good market news. At the same time, you will not lose everything if your invested cryptocurrency fail to perform.
Bitcoin is always one of the good options but many people want to own the cryptocurrency in odd or even numbers. They are uncomfortable with purchasing in a fraction. As 1 bitcoin cost a lot so its unaffordable for many of us. Every altcoin solves a problem and meant for the specific purpose but all are decentralized currency based on blockchain technology. They try to improve the original Bitcoin protocols to provide best possible usability for the particluar purpose.
Following is the list of my favorite top 15 cryptocurrencies for investment in 2018.
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Stellar Lumen (XML)
- Tron (TRX)
- Cardano (ADA)
- IOTA (IOTA/MIOTA)
- Monero (XMR)
- OmiseGo (OMG)
- Verge (XVG)
- Bitcoin Cash (BCH)
- Zcash
- Dash (DASH)
- NEO (NEO)
- Decentraland (MANA)
How to purchase above Altcoins
Ethereum, Litecoin and Bitcoin Cash can be purchased at Coinbase.
All others altcoins can be purchased at Binance which doesn’t support purchasing directly with Fiat currency like USD, EUR, GBP. You can transfer cryptocurrencies available at Coinbase to Binance and then purchase any of the 100s of available altcoins at Binance.
Introduction to selected Altcoins
It is good to know what above cryptocurrencies are before doing any investement.
1. Ethereum (ETH)
Ethereum comes second in market capitalization among cryptocurrency. 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.
2. Litecoin (LTC)
Litecoin is a cryptocurrency (altcoin) launched in 2011 by Charlie Lee, an engineer at Google. Charlie Lee was also heading one of the most popular cryptocurrency exchanges in the world, Coinbase. 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. Litecoin is tagged as “Silver” to Bitcoin’s “Gold”. Litecoin transaction is very fast and the transaction verification fee is also very low compared to Bitcoin. It is one of the very stable-priced coins on the Cryptocurrency market.
3. Ripple (XRP)
Ripple is a cryptocurrency which has been increasingly adopted by banks and credit card companies as payment networks. This altcoin was released in 2012 which enables secure, instantly and nearly free global financial transactions of any size with no chargebacks. The latest acceptance by three of Japan’s big credit card companies who signed up to use Ripple’s technology has given the boost to Ripple’s market value. The biggest advantage of Ripple’s payment gateway is that it allows cross-border payments to be finished within 10-15 seconds compared to 2-3 working days via SWIFT network. Ripple also has the financial agreement with 100s of financial institutions including MoneyGram to use its platform for money transfer across the border. Ripple has now come to the 3rd position in market capitalization after Ethereum. Decentralization aspect makes Ripple different from other cryptocurrencies as the release of new coins is controlled by the private company, Ripple Labs. Ripple cannot be mined or earned decentrally as Ripple Labs holds every XRP in existence. They can release more Ripple.
4. Stellar Lumens (XLM)
Stellar Lumens (XLM) is a cryptocurrency launched in 2014 by Jed McCaleb (who is well known as the creator of eDonkey) and Joyce Kim. Its advisory board consists include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others. Steller Lumens is an open-sourced, distributed payments infrastructure with the aim to make monetary transactions cheaper, quicker, and more reliable. It connects people from across the world to allow more efficient cross-border payments. Ripple is also a payment gateway similar to this but that is specially designed for big financial institutions but Stellar Lumens is designed for use by common man.
5. TRON (TRX)
TRON was proposed in June 2015 to construct a worldwide free content entertainment system on the blockchain. It allows users to freely publish, store and own data. It provides ownership and rights on their content and the owner can decide how to distribute their content and at what price. It supports cross-continent purchasing of live entertainment without any hassle of transferring payment by bank account. TRONIX is the Cryptocurrency which runs TRON. TRON can play as host between developers and users and used to verify the authenticity and the compliance of credit information of both parties involved in purchasing and selling digital rights. TRON also is a potential currency in online gaming and online gambling. It was started by Justin Sun who is the well-known developer of Chinese Snapchat equivalent Peiwo. The two previous ICOs of TRON was sold in seconds.
6. Cardano (ADA)
Cardano is a Cryptocurrency created in 2015. Developers of ADA claim that it is the only Cryptocurrency which is derived from a scientific philosophy and research-driven approach. However, people are not agreed with this claim. Cardano utilizes the Ouroboros algorithm. It also has the ability to create Dapps and smart contacts just like Ethereum. Similar to Ethereum, this coin will feature the ability to create Dapps and code the smart the economy in the prevailing technological world. Cardano is still in development.
7. IOTA/MIOTA
Iota is a cryptocurrency which enables micro and even nano-transactions because smallest unit IOTA is too small. It’s the first cryptocurrency without a blockchain, it runs on the blockless distributed ledger Tangle. There are no transaction fees and doesn’t involve mining. This cryptocurrency was first launched in 2015 while the token exchange was launched in 2017
Following are the description of various units of Iota.
Iota = 1 Iota = 1i = 1i
KiloIota = 1 Kiota = 1Ki = 1,000i
MegaIota = 1 Miota = 1Mi = 1,000,000i
GigaIota = 1 Giota = 1Gi = 1,000,000,000i
TeraIota = 1 Tiota = 1Ti = 1,000,000,000,000i
PetaIota = 1 Piota = 1Pi = 1,000,000,000,000,000i
The concept of IOTA is little confusing for too many people. It takes a lot of time to find what exactly IOTA is? However, IOTA is meant for small payment so it was designed to do micro-payments. That’s why the smallest unit is IOTA. But it is very difficult for trading exchanges to deal with such a small unit so most of the exchanges have listed Iota as MIOTA (1 Mi= 1,000,000 IOTA) and the price indicates Miota.
8. Monero (XMR)
Monero is a cryptocurrency released in April 2014 with the aim to provide privacy, decentralization, and scalability. It was launched first by a Bitcointalk forum user under the name of BitMonero but currency supports shortened its name to Monero after five days. It can be mined. It is a truly anonymous currency and the privacy aspect attracted lots of attention to those who want to evade law enforcement. Monero is based on the CryptoNight PoW hash algorithm.
9. OmiseGo (OMG)
OmiseGo is a cryptocurrency. Its slogan is “Unbank the Banked” and aim to provide better banking facility to all. OmiseGo enables financial transactions, including “payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services. Its aim was also to avoid exchange charges during currency conversion. It was released as decentralized exchange on Ethereum platform. OmiseGO’s initial coin offering (ICO) in 2017 raised over USD $25 million. It was the first Ethereum project which exceeds US $1 billion valuations and was supported by Ethereum co-founders Vitalik Buterin and Gavin Wood. The first public release of the OmiseGO White-label Wallet SDK is expected to happen in the first quarter of 2018.
10. Verge (XVG)
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.
11. Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency which was originated from Bitcoin on August 1, 2017, to address the scalability issue of Bitcoin. The split happened because some people wanted to scale block size to eight megabytes from existing one megabyte to increase the number of transactions its ledger can process. Such change is classified as the hard fork. The hard fork plan was announced by Bitmain and supported by many developers. Bitcoin Cash name was originally proposed by Chinese mining pool ViaBTC.
12. ZCash
Zcash is a cryptocurrency based on a decentralized blockchain launched on 28th of October 2016. It provides enhanced privacy to its users compared to Bitcoin. Anonymity behind transaction amounts and parties involved attracted lots of attention. For example, it is possible to see all the transactions through a Bitcoin address but all transactions with ZCash is encrypted. ZCash’s development and improvements are supported by Zcash Company. Zooko Wilcox-O’Hearn is the CEO of the company and other co-founders include Matthew D. Green from Johns Hopkins University.
13. Dash (DASH)
Dash is a Cryptocurrency which was developed to do instant and private transactions. It is a decentralized and autonomous Cryptocurrency which is not controlled by any private organization. Dash was originally released as XCoin (XCO) on January 18, 2014 which was further renamed as Darkcoin on February 28 same year. Finally, it was re-branded as Dash on March 25, 2015. THE 10% of the total possible Dash coins was mined in just 2 days of its launch which was due a bug and error in the code. Dash focuses on privacy which is branded as privacy-centric digital currency with instant transactions. It maintains the anonymity and tractions are almost untraceable. It offers “Instasend” and “Privasend” features for making transactions.
14. NEO (NEO)
NEO is first decentralized Cryptocurrency based on blockchain platform which launched in China. People also call it as “Chinese Ethereum”. The meaning of NEM in greek is newness, novelty, and youth. The aim of NEO was to create the digital economy where traditional assets can be converted to digital one using smart contracts. Such digital assets was planned to be decentralized and protected by law using digital certificates on the blockchain. This will create an identification of organization, individuals, and entities in electronic form which can be used with the help of multi-factor authentication mechanisms such as facial recognition, fingerprints, voice recognition, and SMS. NEO developed a smart contract platform. NEO support the development of decentralized applications. NEO is an investment token of the NEO blockchain (formerly known as Antshares, ANS) with the maximum cap of 100 million tokens. The smallest unit is always 1 and the entire 100 million token was pre-mined during the genesis block creation. All Neo was pre-mined and 50% (=50 million) was simply issued to the public as the token at the time of crowdfunding stage while remaining 50% was reserved to be managed by NEO council. On NEO platform users derive additional coins in the form of GAS. GAS has a close relationship with NEO. GAS was formerly known as Antcoins (ANC) and is associated with NEO. It was developed to be used as fuel for NEO blockchain. GAS has a maximum cap of 100 million tokens which was not pre-mined like NEO. The aim was to use GAS as resource allocation and network charges for operations such as running DApps, smart contracts, and providing incentives for maintaining the blockchain.
15. Decentraland (MANA)
Decentraland is a Cryptocurrency began in June 2015 and is powered by Ethereum blockchain. It allows users to create content, applications, and experiences which can be monetized. This decentralized virtual platform is built on blockchain and owned by their user which is one of the most important aspects of this Cryptocurrency. Users can develop anything whatever they want and purchase will prove the ownership. Some of the use suggested by developers of Decentraland is live music performances, casinos, attending workshops, shopping, starting businesses, visiting underwater resorts, and test-driving a car. Land purchase is one important aspect of Decentraland. This Cryptocurrency was developed by Ari Meilich and Esteban Ordano while Advisory Board includes Xiaolai Li, Jake Brukhman, Luis Cuende, and Diego Doval. Decentraland partners with district0x, Aragon, and imToken.
Disclaimer:
I am not a financial advisor. This article is just for information purpose and is not an investment advice. This just indicates my personal choice which may or may not be the best one. You should realize that Cryptocurrency market is very volatile and market fluctuate a lot on daily basis. You may gain 100 fold or lose all your investments. Invest wisely. You should not take a big risk. It is a good suggestion to invest not more than 5–10% of your saving with such an unpredictable market. Otherwise, you may face a big loss.
Best Hardware Wallets: Secure your Cryptocurrency
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, t 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.
Following is the list of offline hardware wallets where one can safely store digital assets.
1. Ledger wallet
Ledger wallet 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).
2. TREZOR
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.
3. KeepKey
KeepKey supports secure storage of Bitcoin, Ethereum, Litecoin, Dogecoin, dash, and Namecoin.
4. Paxful
Paxful supports only Bitcoin and a hardware wallet in the real sense but has multiple security when Bitcoin stored here.
Personal suggestion
However, there is very slight chance of hardware corruption but personally I think hardware wallet is best and convenient way to store and use cryptocurrencies. As Ledgerwallet support many currencies so this may be best choice to go with. If one wants to store only Bitcoin then Legerwallet or Trezor both are good options.
What is Bitcoin Gold (BTG) 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 Gold.
What is Bitcoin Gold (BTG)?
The Bitcoin Gold was originated from Bitcoin on October 25, 2017. It proposes different mining which doesn’t use ASICs, the most powerful Bitcoin mining machines. It also aims to make Cryptocurrency more decentralized. Application-specific integrated circuits (ASICs) based mining was making platform more centralized industry therefore hard fork change was proposed. It was the brainchild of Jack Liao.
Bitcoin Gold (BTG) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. Coinbase has not included it in the list. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy Bitcoin Gold (BTG)?
Binance (Best for USA and International purchase) is the best places to buy Bitcoin Gold (BTG). However, you can’t purchase Bitcoin Gold (BTG) 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 Bitcoin Gold (BTG) 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 Altcoins 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 Bitcoin Gold (BTG).
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 Gold (BTG) on eBay. Current market price of 1 Bitcoin Gold (BTG) is about ~$270 as on January 2, 2018, while it’s available on eBay anywhere between $500-1,000. 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 Gold (BTG)
Bitcoin Gold (BTG) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for a longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may lose all your investment. So don’t take the big risks and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face the big losses.
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 Request Network (REQ) 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 Request Network (REQ).
What is Request Network (REQ)?
Request Network (REQ) is a Cryptocurrency built as a layer on top of Ethereum. It is a decentralized network where anyone can request a payment (in the form of an invoice) and the recipient can pay the amount in a secure way. It allows cheaper, easier and secure payments with the possibility of automation. It can process global payments.
Who can buy Request Network (REQ)?
Request Network (REQ) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy Request Network (REQ)?
Binance (Best for the USA and International purchase) is the best places to buy Request Network (REQ). However, you can’t purchase Request Network (REQ) 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 Request Network (REQ) 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 Altcoins 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 Request Network (REQ).
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.
While many other popular cryptocurrencies are also available to purchase on eBay and local purchase sites like Craigslist, OfferUp, and Letgo but currently Request Network (REQ) is not available here. Once it becomes more popular there may be some sellers on eBay as well.
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 Request Network (REQ)
Request Network (REQ) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for the longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may lose all your investment. So don’t take the big risks and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face the big losses.
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 Time New Bank (TNB) 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 Time New Bank (TNB).
What is Time New Bank (TNB)?
Time New Bank (TNB) is a cryptocurrency based on blockchain technology. Miao’A International Timechain (M.I.T) is dedicated to building a precision time-value-based transmission network. The time is very valuable for anybody and the real value of anybody’s time depend on how much that time is required by others. So there should be a way to connect time exporters and time demanders in a decentralized way and make time purchased and sold by payment flexibility, pricing transparency, and strong protection of rights and proof-of-stake. Once a purchase has been done, time demanders can either materialize the commodity or transfer them to a secondary market.
Who can buy Time New Bank (TNB)?
Time New Bank (TNB) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy Time New Bank (TNB)?
Binance (Best for USA and International purchase) is the best places to buy Time New Bank (TNB). However, you can’t purchase Time New Bank (TNB) 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 Time New Bank (TNB) 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 Altcoins 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 Time New Bank (TNB).
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.
While many other popular cryptocurrencies are also available to purchase on eBay and local purchase sites like Craigslist, OfferUp, and Letgo but currently Time New Bank (TNB) is not available here. Once it becomes more popular there may be some sellers on eBay as well.
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 Time New Bank (TNB)
Time New Bank (TNB) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for the longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may lose all your investment. So don’t take the big risks and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face the big losses.
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 district0x (DNT) 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 district0x (DNT).
What is district0x (DNT)?
district0x (DNT) is a Cryptocurrency which is a network of decentralized markets and communities powered by Ethereum, Aragon, and IPFS. It aims to become a platform to develop unstoppable virtual organizations and entities. Each such unit is called as district on the district0x Network. The district0x Network Token (DNT) holders can join the districts and participate in their governance as their DNT token receive voting rights in the district.
Who can buy district0x (DNT)?
district0x (DNT) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy district0x (DNT)?
Binance (Best for USA and International purchase) is the best places to buy district0x (DNT). However, you can’t purchase district0x (DNT) 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 district0x (DNT) 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 Altcoins 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 district0x (DNT).
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.
While many other popular cryptocurrencies are also available to purchase on eBay and local purchase sites like Craigslist, OfferUp, and Letgo but currently district0x (DNT) is not available here. Once it becomes more popular there may be some sellers on eBay as well.
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 district0x (DNT)
district0x (DNT) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for the longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may lose all your investment. So don’t take the big risks and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face the big losses.
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 ETHLend (LEND) 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 ETHLend (LEND).
What is ETHLend (LEND)?
ETHLend (LEND) is a Cryptocurrency built on Ethereum platform. Its aim is to solve the problem of loss of loan capital on default. Ideally all loan must be paid back. However, the pseudo-anonymous nature of Ethereum blockchain network opens the possibility to avoid repayment of the loan since the lender might not have all the necessary details of the borrower to enforce the debt in the borrower’s jurisdiction. ETHLend provides a way to avoid loss of capital. It helps in making one true global lending market which is decentralized. Price of one ETHLend (LEND) at ICO was $0.0173 which is $0.24 at present as on 1st January 2018.
Who can buy ETHLend (LEND)?
ETHLend (LEND) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy ETHLend (LEND)?
Binance (Best for the USA and International purchase) is the best places to buy ETHLend (LEND). However, you can’t purchase ETHLend (LEND) 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 ETHLend (LEND) 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 ETHLend (LEND).
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 ETHLend (LEND) on eBay. Current market price of 1 ETHLend (LEND) is about ~$0.15 as on January 4, 2018, while it’s available on eBay anywhere between $0.5-1. 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 ETHLend (LEND)
ETHLend (LEND) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for the longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may lose all your investment. So don’t take the big risks and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face the big losses.
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 FunFair (FUN) 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 FunFair (FUN).
What is FunFair (FUN)?
FunFair is a Cryptocurrency powered by Ethereum smart contracts. It is a decentralized gaming platform which aim to provide a limitless universe of transparent, secure casinos that can be easily created by anyone, anywhere, where games are fun, fast and fair. That’s why it is named as FunFair. On this casino platform, players can bet using FUN.
Who can buy FunFair (FUN)?
FunFair (FUN) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy FunFair (FUN)?
Binance (Best for USA and International purchase) is the best places to buy FunFair (FUN). However, you can’t purchase FunFair (FUN) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (may be 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 FunFair (FUN) 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 FunFair (FUN).
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 FunFair (FUN) on eBay. Current market price of 1 FunFair (FUN) is about ~$0.15 as on January 4, 2018, while it’s available on eBay anywhere between $0.5-1. 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.
Financial potential of FunFair (FUN)
FunFair (FUN) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may loose all your investment. So don’t take big risk and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face big loss.
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 Stellar Lumens (XLM) 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 Stellar Lumens (XLM).
What is Stellar Lumens (XLM)?
Stellar Lumens (XLM) is a cryptocurrency launched in 2014 by Jed McCaleb (who is well known as creator of eDonkey) and Joyce Kim. Its advisory board consists include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others. Steller Lumens is an open-sourced, distributed payments infrastructure with the aim to make monetary transactions cheaper, quicker, and more reliable. It connects people from across the world to allow more efficient cross-border payments. Ripple is also a payment gateway similar to this but that is specially designed for big financial institutions but Stellar Lumens is designed for use by common man.
Who can buy Stellar Lumens (XLM)?
Stellar Lumens (XLM) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy Stellar Lumens (XLM)?
Binance (Best for the USA and International purchase) is the best places to buy Stellar Lumens (XLM). However, you can’t purchase Stellar Lumens (XLM) 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 Stellar Lumens (XLM) 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 Stellar Lumens (XLM).
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 Stellar Lumens (XLM) on eBay. Current market price of 1 Stellar Lumens (XLM) is about ~$0.7 as on January 4, 2018, while it’s available on eBay anywhere between $2-5. 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 Stellar Lumens (XLM)
Stellar Lumens (XLM) is a growing Cryptocurrency. It may take some time to become more popular and attractive. You can purchase it and save it for the longer time.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency. You should realize that Cryptocurrency market is unregulated and there is good chance that you may lose all your investment. So don’t take the big risks and invest wisely. It is a good suggestion to invest not more than 5–10% of your saving. Otherwise, you may face the big losses.
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.