So you want to invest in Cryptocurrency? Here's a complete, simple guide to buy almost every major cryptocurrency and start investing in this growing market.
- First, you have to convert money from your bank account into cryptocurrency. For this you can use Coinbase. It does usually take up to 3 days for them to verify your information. Once verified, add your bank/card information into Coinbase.
- While your coinbase account is being verified, go ahead and make an account on Binance (currently the biggest Cryptocurrency exchange). This should be easy and does not require any verification
- Once your bank information has been added to coinbase, go ahead and click the buy button and buy some Litecoin (LTC). I recommend using Litecoin because the fees are lower and the Transaction speed is faster than Bitcoin. Once the LTC is in your account, go into Binance, hover over the 'Funds' menu item and click Deposits and Withdrawals. On this page, scroll down until you find Litecoin (or use the search bar) and click the deposit button next to it. Copy the deposit address that shows up and using Coinbase, send the LTC you have to Binance (make sure you copy and paste it correctly or else you can lose your money).
- After a little bit of time, the LTC should appear in Binance, using the exchange, sell this LTC for BTC and use that BTC to buy any cryptocurrency you want