ICO Rankings Blog

Do you want to get away from traditional investments in stocks and bonds? Secondary virtual currencies — or altcoin developers have very limited responsibility over the functionality of the respective coins but also have very little liability. However, if you are making this purchase as a beginner, buying altcoins can be done by selecting among the hundreds of them out on the market. Do not panic! In this guide, I will try to cover everything you would need to know before buying your first altcoins so that you always feel at ease when making the investment.

Understanding Altcoins

First of all, before you dive right into the buying, you need to know what altcoins are and how they are different from the most famous cryptocurrency—the Bitcoin. Any cryptocurrency besides Bitcoin is an Altcoin. Work on altcoins has been booming since Bitcoin introduced the world to digital currencies, but usually to make it faster or improve on some aspect. Some popular altcoins include Ethereum, Ripple, Litecoin, and Cardano.

How to Buy Altcoins: Step-by-Step Guide

Purchasing most altcoins just requires a few additional steps compared to buying Bitcoin. This guide recommends purchasing and trading Bitcoin for the altcoin you want. Besides hundreds of (most) altcoins you should use BTC on one of those exchanges. But you do not have to pay exchanges for a cryptocurrency. Buy in over-the-counter (OTC) or by one of an owner Use to protect against fraud for the beginners in crypto. So lets dive in the 8 steps to acquire your shiny new altcoins.

Step 1: Find The Share Of Your Crypto Portfolio That Is Committed To Altcoins

Bitcoinist reported that 92% of blockchain projects have failed with an average lifecycle of 1.22 years. These are striking figures. And yes, altcoins are risky, but some are solid investments. For a riskier part of your portfolio, you might want to categorize less proven and more niche coins for potential trading. Keep Track of The Coins With A Portfolio Tracker

Step 2: Research And Find The Best Altcoin For You

When looking to buy an altcoin, there are many things to take into account. Do you want a well-known name? Can an altcoin exist on a platform, or should it only exist as a cryptocurrency? This list may go on forever, so browse the most popular altcoins, educate yourself on the various features that appeal to you, and choose a cryptocurrency.

Here are a few important things to think about before committing:

Is the altcoin subreddit active, and is the official website still active?
Is the volume on at least one exchange sufficient to support the purchase?
Does your current cryptocurrency wallet support the altcoin, or will you need a new one?
Is it genuinely possible to profit from cryptocurrency?

Step 3: Using Fiat Money to Purchase Digital Currency (BTC)

The majority of altcoins cannot be bought with USD. This implies that you should buy Bitcoins and exchange them for your chosen altcoin on the appropriate exchange. On certain exchanges, you can buy Bitcoin right there on the platform using a credit card. This is a simple way to get going. Having a wallet for your bitcoins and another for your altcoins (which we'll discuss later) is a good idea.

Step 4: Choose An Exchange

The next step when buying BTC is to find an exchange or exchanges that lists your altcoin(s). The results are automatically ordered by this values, i.e. the top currency exchanges & the "markets" (or currency pairs ) that these exchanges trade in, hourly trades, daily volume, and percent market share, will all be listed on the Coin market. Avoid using the less well-known exchanges if you are not an expert cryptocurrency trader. More liquid exchanges have a higher volume.

Having more liquidity allows you to buy altcoins faster at closer to the market clearing price. Need a Quick Liquidity Refresher? List through the currency exchanges and explore the ones that provide liquidity in your currency pair. Once you have chosen the exchange that suits you best, you need to create an account. We should consider other important aspects before selecting to an exchange:

Do they have credibility?
Have they previously been hacked?
Are the rates and fees reasonable?

Step 5: Find The Currency Pair

After completing the registration process, you should transfer some of your Bitcoin to the exchange. Keep in mind that since you are trading in pairs of currencies, BTC will be converted to your altcoin. Be sure to examine the currency pair's historical trading patterns for the previous week or month. Given the imperfections of cryptocurrency markets, there might be a best moment to execute a trade.

Step 6: Trade BTC for the Altcoin of Your Choice

You will go to the exchange and place an order for your altcoin when you are ready to make the trade. If this is your first time using an exchange, spend some time learning how orders operate. Watch this video to see a trader discuss NEO, analyze the BTC-NEO pair, predict the market, and place an order.

Step 7: Move The Altcoins Into A Wallet

Once the trade ends, your precious altcoins are left at the exchange. Move your exchange cryptos into a wallet if you are buying to hold. By type, 2 types of safe cryptocurrency wallets.

Hot wallets: These wallets are accessible online and using your computer, smartphone or any other device connected to the internet.

Cold wallets: A wallet that is not online — i.e. a hardware wallet or paper wallet. The best way to do this is by securing your assets in a new hardware wallet.

Step 8: Dream of Lambos

Congratulations! All the money that you knew was going to spill over, did indeed spill over. Maybe your token will be worth millions of dollars and you will become famous!

Conclusion

Investing in altcoin cryptocurrency budgets on a world scale can be very fascinating and tricky in the identical time. First off is learn the basics then study or research well. Pick a reliable exchange and also safeguard your investment. Diversify your portfolio and consult the experts. By being well prepared, you might generate income with digital currencies. Happy investing!

How to Buy Altcoins?

It can be scary for people who are not familiar with cryptocurrencies to know how to buy Ethereum, Dogecoin, Bitcoin, and other tokens. The good news is that learning the fundamentals is not that hard. Just follow these 5 easy steps below to start investing in cryptocurrencies.

1. Choose a Broker or Crypto Exchange

Choose a broker or cryptocurrency exchange. The pinnacle of buying cryptocurrency is selecting a broker or cryptocurrency exchange. List sites provide a way to buy cryptocurrencies but with a few important differences.

What Is a Cryptocurrency Exchange?

A cryptocurrency exchange is a trading platform (digital platform) that allows an individual to buy, sell, or in some cases simply store such digital currencies. While exchanges offer pocketbook complementary and trades maintenance - free of charge trades, they can sometimes be clunky, making your job of selling and buying a pain. New Traders that are not the advanced will frequently revert to the simplicity of a service such as BitFlyer.

Two of the most popular cryptocurrency exchanges are Binance and Bittrex. US, Coinbase, and Gemini. Many of these companies have rather confusing regular trading interfaces, which can be off putting to newbies, particularly those with no background in stock trading, although they do offer fundamental and straightforward buy buttons.

What Is a Cryptocurrency Broker?

The interfaces of the cryptocurrency brokers make it simple to buy crypto. However, some of them charge very high fees, and in some cases, they sell user data. Privatization of Holdings is Restricted — Some of the most popular brokers, like Robinhood and SoFi, rope users into never pulling holdings off of their platforms, which means you do not have true control nor security over your real assets. More advanced investors pick wallets that are also receiving crypto for added security, some going to a point of using offline hardware wallets.

2. Create and Verify Your Account

After you choose a cryptocurrency broker or exchange, you will be able to sign up and create a new account. Depending on what platform and how much you are buying, you may need to show identification. This prevents fraud and is important to align with federal regulations.

You may not be able to buy or sell cryptocurrencies until you verify yourself successfully. The platform might also ask you to take a selfie and submit documents like a copy of your passport or driver's license to confirm that the photo you download is your own photo.

3. Deposit Cash to Invest

Before taking the leap into buying any cryptocurrency you need to ensure you have money in your account. You can connect your bank account, transfer money through a wire,, and use a debit card or credit card to pay, enabling you to deposit money to your cryptocurrency account. However, you may have to wait at least a couple of days to be able to spend the money you deposited to buy cryptocurrency, depending on the exchange/broker you are using and your payment method.

Credit cards may not be the best idea because of the processing fees and your credit card interest rate will be equivalent to CASH ADVANCE fees. Credit card companies will charge cash advance fees (usually 5%) on your money. Plus, if you have been trading on exchanges or brokerages that could potentially mean an extra 5% in fees then you could realize up to a 10% loss of your money in cryptocurrencies. Warning: Be very careful - evaluating all the other funding opportunities that could save you from a great deal of cash.

4. Place Your Cryptocurrency Order

When your account has been funded, you are ready to place an order to buy your first cryptocurrency. There are literally hundreds of cryptocurrencies with such market sentiments, from some that are well-known like Ethereum and Bitcoin to others much less well known like Theta Fuel or Holo.

Once you've chosen a cryptocurrency, you can enter its ticker symbol (Bitcoin is BTC, for example) and the number of coins you wish to buy. Most exchanges and brokers allow you to buy fractional shares of cryptocurrency, which enables you to purchase a small portion of expensive tokens like Bitcoin or Ethereum that would otherwise require thousands of dollars to own.

The following are the symbols for the top 10 cryptocurrencies by market capitalization:

Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Binance Coin (BNB)
Cardana (ADA)
Dogecoin (DOGE)
XRP (XRP)
USD Coin (USDC)
Polkadot (DOT)
Uniswap (UNI)

5. Select a Storage Method

Since the Federal Deposit Insurance Corp. (FDIC) does not protect them, most exchanges are subject to theft and hacking.

You might even be lucky enough to have not only lost your millions of dollars worth of Bitcoin, but also all of the codes to access your account. This demonstrates that a secure place to store your cryptocurrency is important.

As mentioned, this will give you little control as to where or how your cryptocurrency is stored if you buy them from a broker. Buying cryptocurrency through an exchange gives you more options:

Leave the crypto on the exchange: When you buy crypto, it is often held in a wallet on the exchange itself. If you don't trust your exchange because of their provider or your protection you can move it off the exchange to another hot or cold wallet. To do this would likely have a small cost, synonymous with the exchange as well as exchange total.
Hot wallets: These are online-based wallets used in iPhone, Tablet, PC, and they are left online. Hot wallets, being online at all times, are more convenient but are associated with greater theft risk.
Cold wallets: Cold wallets, such as USB disk, hard disk, and so on, they are the top secure storage to hold the crypto offline. However, if you lose the associated keycode or device, the funds will become unrecoverable. While custodial-backed hot wallets assist in the event of a lockout, cold wallets must be treated with caution to mitigate potential irreparable losses.

Alternatives Ways to Buy Cryptocurrency

While buying crypto is all the rage right now, it is a risky and volatile investment. If you feel that investing in cryptocurrency is right for you, but you do not know how to buy Bitcoin and other cryptocurrencies through a broker or on an exchange, here are some indirect ways that you can buy Bitcoin and other cryptocurrencies.

1. Wait for Crypto Exchange-Traded Funds (ETFs)

Due to the diversified nature of the investments in the ETF, ETFs offer a lower level of risk than individual investments. One solution would be to create a basket of cryptocurrency ETFs, which many investors are waiting for. As of today, none are available to retail investors, but the SEC is reviewing applications from Kryptcoin, VanEck, and WisdomTree to potentially make them available soon.

2. Invest in Companies Connected to Cryptocurrency

It is a valid way to get exposure to the cryptocurrency market through investing in companies trading physical goods or services regulated by law. You can buy shares of companies that use or own cryptocurrencies and the blockchain technology that cryptocurrencies are built on. Shares, ETFs and other publicly traded company.

Nvidia Corporation (NVDA): This technology was responsible for the creation of the graphics processing units which power cryptocurrency mining systems.
PayPal: Another payments platform already widely used for online purchases and money transfers to friends and family, PayPal, also has a few options for users to buy and sell bitcoin with your PayPal or Venmo account.
Square (SQ): This small business payment services provider has brought on more than $220 million in Bitcoin since October 2020. This after the company, in February 2021 disclosed that 5% of its cash holding was actually Bitcoin. Users can also invest in, trade, and store digital assets through Square's Cash App.

As with any investment whether it be in cryptocurrencies or a specific company that has some serious holdings in these markets, you should asses your financial situation and investment goals prior to investing anything. No hopes of investing in cryptocurrency, even this is one of the most volatile investments and its price can plummet after a mere tweet. To this end, it also means you should wisely and selectivity invest.

Conclusion

Buy cryptocurrency carefully use a good exchange or broker service, according to fees and safety. Confirm and deposit your account and then place buy orders of the cryptocurrencies you wish to acquire. Invest in cold wallets/hot wallets or physical secure storage solutions. Traditional investments also offer indirect access to alternative assets by way of exchange traded funds (ETFs) and crypto-related companies.

How to Buy Cryptocurrency: A Step-by-Step Guide for Beginners

From all over the world are cryptocurrency investors who want to invest most in investing in Bitcoin. These wild fluctuations and its fast growth in prices and enormous gains offered have appealed to both those who have been in the markets for years and newbies. When you first start using Bitcoin, it might be challenging to figure out exactly what you need to do. That's where we come in with our comprehensive beginners guide.

Introduction to Bitcoin

What is Bitcoin?

Bitcoin is a decentralized digital currency that uses public key cryptography to enable fast and safe money transfers between users. It was made in 2009 under the pseudonym Satoshi Nakamoto by an unidentified individual or group. Blockchain: A Blockchain, which is essentially a public ledger of all Bitcoin transactions, is obviously a secure technology.

Why invest in Bitcoin?

Bitcoin provides substantial benefits compared to fiat currencies and investment assets. Gold is an effective hedge against inflation, a form of portfolio diversification, and an international medium of exchange. Not only that, but its 21 million finite supply means that the coin is by nature deflationary, and thus may be worth more as time goes on.

Understanding the Basics of Bitcoin

Blockchain Technology

Bitcoin is based on the blockchain technology, which is the equivalent of a distributed public ledger that records all transactions in an honest and permanent way. But in fact, it is not that simple because every block in the blockchain stores the cryptographic hash of the previous block forming a chain of blocks which is extremely secure and immutable.

Wallets and Addresses

Before you can buy any Bitcoin whatsoever, you'll need a digital wallet to store and manage your coins. Several types of crypto wallets: Paper Wallets, Hardware Wallets, and Software Wallets. Every wallet has a unique address that your wallet is associated with, and this is your representation (IF YOU WILL) on the blockchain.

What Are the Steps for Purchasing Bitcoin?

Aside from picking a hosting/exchange service and a payment method and securing your newly purchased cryptocurrency, you should also look into exchange rates, trading fees, transaction limits and some of its history, security, installment security measures, dollar-cost averaging, and try to keep up with regulations.

How To Buy Bitcoin?

Step 1: Choose a Service or Platform for Cryptocurrency Trading

Exchanges are therefore the natural choice, as they provide more cryptocurrencies to trade as well as more features. Exchanges also facilitate the sending of cryptocurrency to online wallets where users can safely store their investments or where investors can leave their coins.

‍

Types every crypto exchange is varied of course, some are decentralized, do not require users to enter personal information, and allow them to stay anonymous. Anonymous exchanges can help people in specific scenarios like refugees or individuals living in nations with very limited or no bank or government credit infrastructure to integrate into the mainstream economy.

All of the big American exchanges like this are not decentralized and have a rule where you have to show photo ID. Some of these exchanges include Coinbase, Kraken, Gemini, and Binance and they offer bitcoin and an increasing number of other cryptocurrencies.

Step 2: Link a Payment Option to Your Exchange

They may demand personal ID that requires a picture of a driver's license or social security card, where you work, and how do you obtain your money. The process is essentially the same as opening a non-retirement trading account.

You have the option of either attaching your bank account to a debit/credit card at most exchanges, or you can attach your bank account itself directly. Even if cryptocurrencies can be bought using a credit card, the volatility of cryptocurrency prices means you might end up spending even more to buy just a single token when combined with the interest charges on your credit card. Although bitcoin is legal in the US, some websites or exchanges where you can buy bitcoins may not accept deposits if they come directly from the US.

Depositing funds via debit, credit, or in some cases a bank account carries additional fees as do exchanges via transaction fees.

Step 3: Place an Order

Over time, cryptocurrency exchanges have come to resemble their stock brokerage counterparts in terms of what they offer. Cryptocurrency exchanges support various order type and investment types. Most cryptocurrency exchanges will either offer order types of market or limit, and some exchanges offer stop-loss orders as well.

Kraken offers the most comprehensive set of order types, including market, limit, stop-loss, stop-limit, take-profit, and take-profit limit orders.

Exchanges also offer tools to set up recurring buys, and dollar-cost average into any investments the user might like. For example, they can set up daily, weekly, or monthly recurring purchases on Coinbase.

Step 4: Safe Storage

The use of cryptocurrency wallets and bitcoins provides a more secure and convenient storage location for digital assets. Because every time Cryptocurrency is stored in a personal wallet as opposed to on an exchange, the individual investor has control over the private key to his or her (or its) funds. Although recommended for trading, an exchange wallet is not recommended for large or long-term crypto holdings.

Alternative Ways to Buy Bitcoin

Bitcoin ATMs

Bitcoin ATMs function almost like in-person bitcoin exchanges. People simply can insert their cash into the machine and they can buy bitcoin, then we transfer bitcoin to them directly to how they want to transact it — their online wallets. Walmart Inc., one of the largest big-box retailers has already installed Bitcoin ATMs, and over the past few years their use has increasingly been on the rise.

As with any means of buying bitcoin, two fees are paid for the privilege of using a bitcoin ATM: first, there is the fee of the service to buy the bitcoin and second, somewhat like with a change bureau, there is the exchange fee to convert your fiat money to bitcoin. These are significantly higher than another choices. Worldwide average bitcoin ATM buy fee is 5.4% and the sell fee is 8.4% of the transaction amount.

P2P Exchanges

Here users are directly connected to each other in some P2P exchange services. For example, LocalBitcoins is such an exchange. Once you have opened an account, users can post requests to buy or sell bitcoins, including information about the price and payment methods.

P2P exchanges offer a degree of anonymity and a peer-to-peer experience which allows users to check prices and get the best deal. These exchanges also sport rating systems that can be used to evaluate prospective trading partners before transacting.

Mainstream Brokerages

HOOD — the excitedly named cryptocurrency dealer (Robinhood Markets Inc.) In return for its order flow, it benefits from a stream of pay for order flow income from external trading platforms or brokerage houses to which it refers its trading volume, without cryptocurrency trades and purchases being subject to commission charges. At the time Robinhood enabled Dogecoin, trading on its platform included Ethereum, Bitcoin Cash, Litecoin, and Ethereum Classic.

These days you can buy and sell thousands of different cryptos using sites like Coinbase while Fidelity Investments started allowing bitcoin investment in 401(k) accounts in 2022.

Conclusion

To summarize, the world of Bitcoin investing is an exciting place for anyone fresh to investing. This step by step guide is meant for beginners who would like to purchase cryptocurrency and store it using buy and hold in various wallets from choosing a trusted exchange, to setting up transaction limits and setting up your wallet to be nearly hacker proof. When done right, buying Bitcoin can be a rewarding experience as well as one's introduction to cryptocurrency investment.

How to Buy Bitcoin: A Step-by-Step Guide for Newbies

Bitcoin exchanges are an important part of the world of cryptocurrency, they allow people to buy, sell and trade Bitcoin and other digital assets. For the newcomers of Bitcoin trading, exchanges can be hard to do. But fear not! This guide will give you some hints that would help you act like a pro on Bitcoin exchanges.

Research Different Exchanges

The first step to trading that matters to humans is choosing a broker or an exchange where you can trade bitcoins. All exchanges aren't equal, and different exchanges have peculiarities, such as fees, security, and features. Reputable, user-friendly—you need a lot of trading pairs on them.

Choose the Right Exchange

After reading up, set an appropriate exchange in place. Consider factors such as:

Security: Choose an exchange that put security first using two-factor authentication (2FA), cold storage for funds.
Fees: Check trading fees, withdrawal fees, and deposit fees. Accessing liquidity may come at a premium - some exchanges have more competitive fee structures than others
User Interface: A good interface can go a long way in making the trading experience more fluid and enjoyable for new users.
Liquidity: Pick exchanges with high liquidity for buy and sell in great symbiosis of supply and demand.
Regulation: Look at cap to see where the exchange is controlled in your country or jurisdiction. Regulated exchanges could provide increased protections for market participants.

Secure Your Account

Choose an exchange, and secure your account If so activated, switch on two-step authentication (2FA) to ensure an additional security layer for your account. The password should be complex and unique, and if the amount of Bitcoin you store is significant, we recommend using a hardware wallet.

Start Small

When you begin trading, it is important to get your feet wet, particularly if you are a beginner at trading Bitcoin. Start with some of your money and do small trades to see how the market works. With time and experience, you will be able to give yourself more room to play with bigger trades.

Diversify Your Portfolio

Never keep all of the eggs in a single basket. This truth makes this strategy becoming a popular one for avoiding unnecessary risks and maximizing potential returns. Invest in more than one crypto currency - this helps to disperse your risk across many different assets, not just Bitcoin.

Stay Informed

Stay ahead in cryptocurrency events and updates. Stay updated with news websites, blogs, social media channels and reputable sources twice a week should be enough to keep you in the loop and up-to-date on market-going trends, regulatory shifts, and investment opportunities.

Practice Risk Management

In the end, practice risk management on your trades with Bitcoin. Always place stop-loss orders to minimize potential losses and never invest more than you can afford to lose. As you much know, Bitcoin markets are volatile and you will need to buckle up for good and bad times.

Conclusion

You are probably aware that for beginner traders it is quite a hassle to navigate the exchange landscape around Bitcoin. Do your research, select the right exchange, protect the account, start small, diversify your portfolio, keep informed, and take care of risk and you will gladly cross through the troubled waters of Bitcoin exchanges, with confidence and accomplishment. Happy trading!

Navigating Bitcoin Exchanges: Tips for New Traders

Crypto trading, and Bitcoin especially, are volatile, but can also be highly profitable with a few big risks and strong successes. In order to live to trade another day in this crypto roulette, you must chase only with the knowledge of what you are getting yourself into with a new strategy and self control. This blog will get you a good insight into the correct lessons to be learned to a pro Bitcoin trader.

1. Educate Yourself

Dont just rush into trading Bitcoin, read about the basics of cryptocurrency and blockchain technology, you should also learn about trading strategies. This entails knowing how Bitcoin functions, its heart technological innovation, and elements that impact its price and making use of this knowledge to help make audio buying and selling judgements.

2. Start Small and Learn

The best amount to start with is a small one and you can increase it as you gain more experience and confidence in trading Bitcoin. Take this initial time to get to know the trading platform, the tools, and your various strategies - but also your triumphs, the missed opportunities and losses - all will make you a more informed better trader!

3. Develop a Trading Plan

An unambiguous trading strategy is necessary for profitable Bitcoin trading. Specifies your trading goals, risk tolerance, strategy (entries/exits, positions sizes, and risk management rules). Try sticking to your plan religiously and avoid emotional or FOMO driven decisions.

4. Use Technical Analysis

Using technical analysis to read the price charts of Bitcoins to identify trends, patterns, and profitable trading opportunities. Know what moving averages are, what RSI, support and resistance levels, etc. - with a proper understanding of them and how one can use it to analyze market trends to take better decision on trading.

5. Stay Informed

Monitor market changes, news, and events with an impact on the price of Bitcoin. Stay up to date with the market, proactively follow the regulatory, and use reputable information sources such as news, forums, crypto channels on news aggregators and social networks;

6. Manage Risk Effectively

Risk management in Bitcoin trading for capital protection and loss cutting place stop-loss orders to help mitigate any losses that may materialize on one trade, and be sure not to risk more than a small percentage of your capital on any single trade. You should diversify your portfolio so that you divide your risk on different assets and trading strategies.

7. Stay Disciplined

For a successful Bitcoin trading, you must be disciplined. Follow your trading plan, do not get caught up with losses or FOMO (fear of missing out), and do not let short-term market fluctuations deceive you from your strategy. When greed and fear override logic you make poor financial decisions as well so you will have to keep a iron will and focus on the far distant horizon.

8. Continuously Improve

Like any other skill, the art of Bitcoin trading is a integrated learning process. Keep learning, evolve your strategy based on the lessons you learned, and adapt it to the market environment right now, that is the most important. Join trading communities, forums, groups, and chat rooms, and get your idea feedback with seasoned traders to reduce your delivery time.

Conclusion

If you apply this insider knowledge, you can further advance your strategy in Bitcoin trading by applying your newfound truths to the cryptocurrency markets, which will give you a higher chance of success. Remember trading involves risks, and though we always strive to be profitable, losses could be possible too. Be patient, be disciplined, keep improving your trading, this is a journey of development!!

Tips for Successful Bitcoin Trading