So you’ve mastered buying Bitcoin but have no clue about how to buy other cryptocurrencies?
Don’t worry you are not alone.
The very first step is to get yourself a good exchange that permits buying and selling of Bitcoin using fiat currency. If you don’t have one, check out How to Buy Bitcoin.
The 2nd step is to find a good exchange that permits you to buy cryptocurrency using Bitcoin. This guide will go overheen how to buy cryptocurrency on Bittrex.
Before wij get embarked, here is a movie tutorial:
Create An Account on Bittrex
Very first thing is to simply navigate to Bittrex and create an account.
Pack out your information and click Sign Up.
After you have confirmed your email and you loom te, you’ll be on the main pagina.
Deposit Bitcoin into Bittrex
You’ll need to deposit your Bitcoin to be able to buy other cryptocurrencies. Click on ‘Wallets’.
Next, search for “Bitcoin” on the right-hand side. Once it shows up, click on the + button.
You will now see your “BTC Deposit Address.” Highlight and copy.
The copied “BTC Deposit Address” is what you need to come in within your Bitcoin exchange spil a send address. For example within Coinbase, this is where you would inject it.
This is what it looks like within CEX.IO.
Buy Cryptocurrency on Bittrex
On the main pagina, click on ‘Markets’ and then search for the coin that you want to buy by name or symbol. After it pops up, go ahead and click on it.
You will see a nice graph and some pricing informatie about the coin on the right-hand side. Te the middle of the pagina is where you would buy or sell the coin.
Before you buy either by injecting the units or by the total BTC, you voorwaarde select the price. The options are ‘Last’, ‘Bid’, and ‘Ask’. You will want to use ‘Last’ or ‘Ask’.
If your order does not execute right away, scroll down and check the ‘Open Orders’ section. You might have to cancel and commence again.
Once you are done buying a cryptocurrency, you can see your totals within the ‘Wallets’ pagina. The pagina will give you an overall estimated value and showcase you the total balance of all of the cryptocurrencies you own. You can click on ‘Hide zero balances’ to liquidate all of the coins you don’t own.
And there you have it, you now know how to buy cryptocurrency on Bittrex. It is very ordinary and once you get the concept of withdrawing and depositing Bitcoin, you can stir your Bitcoin around any exchange and wallet like it wasgoed on the back of your palm.