Investing in a cryptocurrency is indeed a good choice. It offers a lot of benefits such as easy transaction, transparency, secure transaction and the possibility of high returns. To get started – choose an exchange, choose your currency, get a crypto wallet, use a mobile wallet and stay prepared for ups and downs.
Before you invest both your time and money in cryptocurrency, make sure you do thorough research about each and every coin, wallet and exchange platform.
Ripple or XRP is presently one of the leading cryptocurrencies around. To purchase XRP, you first need to own a ripple wallet, get your XRP address, sign up to Coinmama and buy XRP using your credit card. Ripple can be exchanged for US dollars at Kraken, Bitstamp, Gatehub, Bitsane, Cex.io, Bitfinex and Exmo.
Please note that the Ripple wallet requires an initial 20 XRP deposit. This prevents the creation of fake accounts. Once you have made your initial purchase, you won’t be able to access this deposit.
Bitcoin was the foremost cryptocurrency. It is the most secure and trusted cryptocurrency. You may buy, sell and trade it for goods, services or investment. On the other hand, BCH (Bitcoin Cash) was created through Bitcoin Cash mining. Bitcoin cash is the by-product of Bitcoin.
As compared to bitcoin, bitcoin cash has cheaper transfer fees, faster transfer time, scalable and can handle more transactions per second.
Coinbase is a secure virtual platform that makes buying, selling, transferring, and storing cryptos easy.
Coinbase wallet is a digital currency wallet that lets you buy and store ERC-20 tokens, participate in airdrops and ICOs, browse decentralized apps (DApps), shop at stores that accept cryptocurrency, and send crypto to anyone around the world. It lets you store your private keys directly to your device.
A user does not need a Coinbase Consumer account to use Wallet.
Bittrex is one of the largest cryptocurrency exchanges. Visit bittrex official website to set up the Bittrex account. Enter your email address, password, verify your username and fill in your basic profile information. Next, you will be asked to submit an ID for verification. Click ‘Start verification’ and submit the asked document.
It may take up to 10-15 minutes for the verification to be approved. Once done, log in to your account and start trading.
The first and foremost thing to do before you trade crypto on Binance is to set up an account. Cryptocurrency trading on Binance is pretty simple. There are two Binance trading settings – Basic and Advanced. To trade crypto on Binance, follow the given steps-
- Register an account on Binance.com.
- Setup your two-factor authentication (2FA).
- Buy Bitcoin and send it to your Binance BTC address.
- Choose the cryptocurrency of your choice to start trading.
Most of the exchanges display a list of criteria for delisting coins on their website. If an exchange delists coin, it doesn’t give any reasons or explanations. Each exchange follows its own method. For example, Bittrex provides users up to 14 days to withdraw any delisted tokens. It’s up to the exchange that they may even shorten the withdrawal period. Users should stay aware and withdraw tokens before the posted withdrawal deadline.
To withdraw the delisted coins, click on the holdings tab, search for the desired Token/Coin and click the withdrawal button to begin the normal withdrawal process.
To be listed on the trading platform, a token should successfully complete a compliance review. Visit bittrex support corner to submit token for listing consideration.