Loading...

How to Exchange Bitcoin for Any Other Altcoins - Coinbase to Binance

113 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Jan 29, 2018

So you want to buy something other than Bitcoin, Litecoin, or Ethereum. You can buy directly from an exchange. But the most common thing is to just buy from CoinBase, send bitcoin to an exchange where you can trade bitcoin for that currency. First check CoinMarketCap, then create account on exchange (may have to have 3 or 4 exchange account, Binance is my favorite), learn to send public keys, learn how to use exchange Buy and Sell orders, send from exchange to particular wallet if you don’t trust exchanges (which you shouldn’t).

Quick explanation of Public Key and Private Key

How to Send
- CoinMarketCap to check which exchange offers which coin
Sign up for that exchange - I like Bittrex and Binance
- Most exchanges need some personal information
- Always use 2FA - Use Google Authenticator App & Backup
- 2FA = Two Factor Authentication - save keys from site or you can be locked out
- All exchanges have a “wallet” with all the coins they offer
- SEND LTC from Coinbase to BINANCE and buy ChainLink and WABI
- Always do test with $1 first. Always.
- Paying a $1 fee every time is cheap compared to losing $100
- Litecoin and Ethereum are fast and have lower fees than Bitcoin
- Check, double-check, and triple-check the Coin, ID (first and last 4), amount

How to use the exchange page. Buy/Sell, Amount, Price.
- Every exchange is relatively the same
- CoinMarketCap to find the trading pair you want to use
- Look at the buy / sell chart, buy / sell walls, trend
- Can sell at market price instantly

Loading...

Advertisement
When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...