Buying Crypto is easy.. Or not. Pt 2
I see you got over those Roadblocks.. Excellent.
Obtaining a solid way of buying Bitcoin, which is a Cryptocurrency and other Cryptocurrency coins, which are labeled Altcoins, is one of the hardest hurdles one will face when buying Crypto. For some, it's a walk in the park; they have bank accounts and are ready to get started within a few minutes. For some, it is hard because they either don't have a bank account and can't get one or they don't have the means to even get a bank card, especially without an address. Exchanging cash (fiat) for Crypto can be very difficult. This is why Companies like Binance will always succeed because they set out to help with the Crypto adoption by creating gateways for people to exchange all sorts of currencies for Crypto. We will talk more about them later. In fact, since you got everything squared away, let's get started. Remember that one place mentioned in the last post? We're headed to the Mall of America... for Crypto.
First things first.
Depending on what you would like to do, you could be on your journey within the next few paragraphs.
If you want to trade then you will need to be using Binace.com or Binance.us/en platform (App). Sure there are other platforms but I feel very comfortable and confident in these two.
Binance.com created a program for their users called SAFU. It stands for “Secure Asset Fund for Users.” No other Crypto Platform provides this program or level of protection.
Here are the details:
https://www.binance.com/en/blog/307883269744750592/Binance-Is-SAFU-7-Ways-We-Secure-Your-Assets-247
If you just want to buy only Bitcoin then all I suggest you do is to start buying as much Bitcoin as possible on the CashApp or Coinbase. These two platforms are super user friendly and you really cannot screw things up. Buy Bitcoin as much as you can and eventually in the future you will realize that your money has gone thru a process of deflation. You will be able to get more things you need and want with Bitcoin because today it's worth about $8,500 and in the future it could be worth $100,000. That's a good return on your investment. The USD and other Fiat currencies all go through inflation. You remember how much gasoline you could get in 1995 compared to now? The USD at it's infancy was doing good and was a deflationary currency. That's a different story for a different post. Damn inflation.. Anyway, I get sidetracked so stay with me. Needless to write, if you are interested only in Bitcoin, just use the methods above. These two platforms are pretty self explanatory. I won't be going into any tutorials with these two. If you need further assistance, I'd suggest you go to YouTube and search for a tutorial. I think you can figure it out though.
If you want to buy Altcoins, and I suggest you do, then let's get started..
If you are in the U.S., open up your Binance U.S app and navigate over to the 'Wallet' tab at the bottom and under *Fiat you will see the USD – United States Dollar icon. Select it and select 'Deposit' to begin. On the next screen you will see a few options. Go ahead and input the amount you want to deposit (convert to digital USD) and select your debit card or other payment method you've added and select 'Deposit.'
Now you have digital USD. It's nothing different from loading a prepaid VISA or MASTERCARD. You've just loaded up your Crypto account rather than the card; you get it? Excellent.
Let's buy some Altcoins..
Now that you have digital USD you can buy any Altcoin that you see on the platform. I'll provide a link to the best Altcoins on the Market to choose from. Some of the best Altcoins are not listed on Binance U.S and some States aren't even allowed to use the platform. Eventually all the States will have the ability to use Binance U.S and all of the best Altcoins will be listed as well.
Let's say you want to buy BNB coin. Select the 'Markets' tab at the bottom, select USD (at the top) and find BNB/USD. If you cannot find or see it, there is a magnifying icon (top right) that is the search option. Go ahead and click that and type BNB. You will see trading pairs and you want to select the BNB/USD. Remember, you have USD and want to use USD to buy BNB. You have to select the correct trading pair when buying Crypto. If you had Bitcoin or BTC you would select the BNB/BTC to buy BNB using Bitcoin. I hope I have made this clear. Once you have selected the correct trading pair, you will be taken to a 'Trade' screen. Go ahead and make sure that the 'Buy' option is selected and change the 'Limit Order' to 'Market Order' (there is a little arrow pointing down that will bring up the additional options). A Limit Order allows you to select the exact price you want to pay while a Market Order will fill your buy order immediately. We'll get into those later; for now, just use the Market Order buy function. Where it says 'Amount(BNB), you can select how many you want to buy or just simply select 100% from the little bar below the amount field. Take your time and look at the options. You'll see it. Go ahead and select the green 'Buy' button and that's it. You now have BNB coin(s). Excellent.
If you are in one of those States that Binance U.S doesn't support at the time of reading, you still can buy BNB and any other Altcoin you want. It's just going to take a few more steps. If you had a VPN on your device; as everyone should, then you can use Binance U.S.
What's a VPN you ask? Click here: https://twitter.com/KraZeMike83/status/1191142420433510400?s=19
To avoid using a VPN you will need to use Coinbase. You will need to use Coinbase to help you buy BNB and other Altcoins. You will need to use Coinbase to buy USDC or USDT and send those Digital coins to your Binance.com platform. Binance.com also allows debit card purchases of Crypto. Simply go to Binance.com from your mobile browser (not yet in the App) and follow the instructions. It'll be the first thing you see. You can only select Bitcoin and a few Altcoins, but always remember that all Altcoins are interchangeable.. If you have any issues with your Bank allowing these purchases, click here: https://twitter.com/KraZeMike83/status/1103076998593826817?s=19
Once you have successfully sent your funds to Binance.com you are ready to start shopping at the Mall of Crypto. Binance.com has all of the best Altcoins listed on the Market. It's a reason why they are the number 1 Exchange in the World. They are the Mall of Crypto. It's the best and safest place to buy Crypto (Bitcoin & Altcoins). Simply follow the same steps as Binance U.S to buy Altcoins.
Which Altcoins you say..
These: https://twitter.com/KraZeMike83/status/1205203643659694080?s=19
Not all of these Altcoins are listed on Binance.com platform. There are great Altcoins that you will need to buy from other platforms. If you are interested in any Altcoins not listed here or on Binance.com you will have to reach out to the Company or myself and I will assist you on obtaining these Altcoins. You'll need to download a few Wallets and set up keys and phrases. It's not difficult but can be overwhelming if I start explaining it on this post. I think I've held you long enough for now.
Perhaps we'll discuss more on the Altcoins suggested in this post. Til then..
-Mike, KrāZé
