You can start trading on cryptocurrency exchanges. These are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars.
Where do I start trading? How do I trade more than just Bitcoin?
There are many different exchanges, so we picked the best ones. If you're just starting out and want to invest in only the core three (Bitcoin, Ethereum and Litecoin), try Coinbase.
Coinbase is the largest digital asset exchange platform in the world, and the most trusted. If you want to trade even more and go outside of the core three, Changelly
will allow you to convert those cryptocurrencies into the many others you do not have access to through Coinbase. Another cryptocurrency exchange that is gaining popularity and has a variety of altcoins is Bittrex.
If you're more of an expert, try Binance.
Binance is a newer platform that's easy to use, has a wide range of cryptocurrencies, and has low fees
How do I send digital currency to another wallet?
So, you want to trade more than just Bitcoin and Ethereum? Let's dive into your digital wallet. This is used to store, send and receive various cryptocurrencies. The wallet doesn’t exactly “store” your money as a real-world wallet does. Instead, it saves your public and private keys which helps you send and receive money. If you're using Coinbase to buy your Bitcoin and want to transfer some to an exchange with more variety (such as Changelly or Bittrex), follow these instructions.
It's time you learn your wallet address, a unique set of letters and numbers associated with your account that allows you to send digital currency to external wallets. After the first trade, to another exchange, every other will be a piece of cake. Security Advice: When you create your digital wallet, make sure to put at least two layers of protection. The more keys you make to access your account, the more safe your money will be. Most use Duo mobile, Google Authenticator or BitGo, all of these issue private keys that only you will be able to access.
Who accepts Bitcoin as payment?
- Overstock- Microsoft- Virgin Galactic- Save the Children- eGifter- Stripe- OkCupid- Namecheap- Wikipedia- Tesla- Zynga- Subway- Square- Mint- Shopify- And many more!
What are ICOs and tokens?
Are you familiar with an IPO? It's an initial public offering, aka. you buy a share of a company and hope it's value skyrockets. An ICO is similar, but rather in a blockchain-based environment. The main two differences are that ICOs are decentralized and don't have a lot of tedious red tape. You're probably wondering, 'Well, in an IPO the investor gets shares in return for their investment. What would a blockchain-based company give away in exchange for money?' Well kids, that's how tokens were born. A token is an equivalent of a share, so when you invest in an ICO, you get tokens in return and hope they increase in value. Usually, investors trade with either Bitcoin or Ethereum for these tokens. You will need your wallet address for this!
Where do I go to find out more about ICOs?
If you want to start stalking ICOs, here's a good resource!
This list daily to stay on top of the exponentially growing cryptocurrency and blockchain ecosystem.
Why is everyone freaking over ICOs?
Over the past 12 months, ICOs have raised over $600 million as opposed to $140.30 million by established Venture Capitals. That in itself is incredible! Believers think it's the future of investing, a transformative approach to fundraising that enables consumers to benefit more directly from new technologies than traditional stock. Critics fret that ICOs occupy a regulatory gray area that could leave investors vulnerable to fraud. At this early stage in ICO history, both sides may be right.