The buying process | Bitcointalksearch.org

Hopelesser

newbie

Activity: 13

Merit: 0

Quote from: pjhom on January 23, 2018, 06:04:21 AM

1-Transfer fiat from bank to Coinbase/GDAX. Once there - buy LTC or Ether on GDAX with limit order (it is free).
2-Transfer funds to an exchange of your choice that has the alt-coin you want. I use Kucoin, Binance, and Bittrex.
3- HODL until you have met the conditions you set at the outstart to sell (ie 2x, 10x, moonshot, whatever)
4- Trade back into Ether or LTC and transfer back to GDAX and do the reverse of step 1.

Alterative step 4 - use one of the vendors that accepts crypto and spend Eth or BTC.

Cheers pal, very helpful.

ZeroDrifting

newbie

Activity: 36

Merit: 0

This is the Paxful tutorial on how to buy BTC so, here you go: https://www.youtube.com/watch?v=zEI4zApC2Ek&t=11s

pjhom

member

Activity: 168

Merit: 10

1-Transfer fiat from bank to Coinbase/GDAX. Once there - buy LTC or Ether on GDAX with limit order (it is free).
2-Transfer funds to an exchange of your choice that has the alt-coin you want. I use Kucoin, Binance, and Bittrex.
3- HODL until you have met the conditions you set at the outstart to sell (ie 2x, 10x, moonshot, whatever)
4- Trade back into Ether or LTC and transfer back to GDAX and do the reverse of step 1.

Alterative step 4 - use one of the vendors that accepts crypto and spend Eth or BTC.

Hopelesser

newbie

Activity: 13

Merit: 0

Hi guys. I have received a lot of help so far, and I'm just starting to understand different parts of the process.
It would be really useful if someone could describe the process as a whole.
So from me having my £100 (for example) in my high street bank, buying some coins (alt coins), selling them again & transferring the money back into my high street bank.

It would be really useful in a step by step guide eg:-

1. Buy BTC from places such as xxxxxxxxx or xxxxxxxxxx
2. Join an exchange such as xxxxxxxxx or xxxxxxxxx
3.
4.
5.
.
.
.
.
.
.
15. Sell coins and transfer money back to high street bank using xxxxxxxx or xxxxxxx

Any help is much appreciated.

Topic: The buying process (Read 131 times)