use Bitcoin to buy other cryptocurrencies ? - page 3.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: Cryptoticker on August 24, 2017, 10:18:59 AM

the question is in the title. Is it possible?

That's a simple basic learning in the system of trading platforms. In the world of cryptocurrences, the most convenient way to buy other altcoins is by using bitcoin. As long as that other coin is supported by that exchanges, then you are ready to go.

For how it is done, simply deposit bitcoin on that exchanges then execute the buying. Further simple instructions can be seen on the exchanges itself.

nidacoinlove

sr. member

Activity: 588

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Sure bitcoin is commonly used for buying the other cryptocurrencies. We use to call the other cryptocurrency available as altcoin shortly as alts. Trading which is a very common way to earn bitcoin is basically buying the altcoin with bitcoin.
There is no shame in asking such questions boy. It is good for you to ask questions to clear your concept.

UsernameBitcoin

sr. member

Activity: 530

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Ye you are going to need to use Bitcoin to purchase most cryptocurrencies because BTC is the king from which all other are/were born. It really is that simple.

Now, there are some others that you can buy directly from sites, but those are mostly tokens for ICO, not actually coins. Tongue

Nanda Dewi277

sr. member

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It is clear, to gain additional benefits I usually use Bitcoin to buy other crypto coins and trade them. Or rather a trader.

laxinternational

full member

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I'm not sure if you're asking this question seriously, but the reason why Exchange platforms exist is exactly the answer of your question. You can make cross transactions and trades on exchanges. You don't even need bitcoin, erhereum is also functional like bitcoin on trading when buying other alts.

Beerwizzard

full member

Activity: 924

Merit: 148

Yes. Bitcoin is the most popular cryptocurrency and on the most exchanges most pairs include BTC. If for some reason you won't be able to buy the crypto that you need for btc then you can exchange it to fiat or any other crypto that is tradable for what you need.

Core.BUSTER

sr. member

Activity: 562

Merit: 250

Quote from: Cryptoticker on August 24, 2017, 10:18:59 AM

the question is in the title. Is it possible?

Actually, I use bitcoin to buy cryptocurrency on online market and using bitcoin is only option to buy cryptocurrency. Futhermore, most of trader use bitcoin to buy altcoin and if you buy some altcoin I think the best way to do is to hold it because there is possibility that you could earn much income and bitcoin.

st0nefish

full member

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Quote from: Cryptoticker on August 24, 2017, 10:18:59 AM

the question is in the title. Is it possible?

Of course we use it. Bitcoin can be exchanged with other altcoins in many altcoins trade sites.
My most preferred site is https://poloniex.com/

A lot of people are using this site. But it is not right to rely entirely on these sites. In the past we have experienced negative examples of this.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: tymm1 on May 11, 2013, 08:00:29 PM

That's truly a newbie question, During the starting days of knowing about trading I too had the same thinking, whether it's possible to buy other cryptocurrencies with bitcoin. Later on explored more about the different trading pairs and in specific bitcoin to altcoin was much preferred by pro traders.

Why dony you read and figure out how the world of crypto
works before coming here and displaying your ignorance, which
is quite comical. But you're probably not a noob but an alt account
creating a topic so other alts can crap in it.

jak3

legendary

Activity: 1274

Merit: 1004

yes, it is possible and we call it altcoin trading noob. no offence but you should first research for the answers you want or just try to find that did anyone else has ever asked the same questions you are asking. if yes then continue on those topics and by the way crypto currency trading has more risk than Bitcoin trading because they are more volatile than btc.

Basmic

sr. member

Activity: 406

Merit: 256

I think this feature in bitcoin can be considered a basic. Most users use bitcoin for trading on the stock exchange. There are certainly those who earn only on that buys and sells bitcoin during spikes, but it's complicated. Bitcoin still has not become a full-fledged currency.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Yes, and in fact, Bitcoin is the only option for international users to buy alt-coins from the specific exchange.

I am using Bitcoin to buy alt-coins because it usually takes more sum of amount for me if I am using my debit/credit card to make the same purchase from same exchange. You just have to trade BTC with ALT on any exchange and it is less time consuming than converting Bitcoins to any fiat currency (in a bank or as a cash).

Laergan

newbie

Activity: 41

Merit: 0

BTC is the one of the only few ways to buy other cryptocurrencies. I think this is why it will keep going up as more ICOs are released and gain popularity.

_Dawid_

full member

Activity: 196

Merit: 100

It is NOT fake, you can easy buy ( i'm pretty sure) any currency you find in coinmarketcap.

Example of use:

1)4110$ -change-> 1BTC [ FIAT currency for crypto ]

2)then you can easy trade in poloniex, bittrex or kraken to buy other crypto

3)1BTC -change-> 13 733 XEM [BTC for NEM].

4)then you can hold, or trade

But remember that you can lost your money, so maybe better for the first time don't start with a huge amount of money. Watch few tutorials on YT and try/ask here. Good luck!

FasTroy

sr. member

Activity: 434

Merit: 250

Of course you can buy other cryptocurrencies by using your bitcoin. There's a lot of method to do that, you can just go to an exchanger and change your btc to any other cryptocurrency or you can just make a deal with anyone here.

0t3p0t

sr. member

Activity: 1736

Merit: 357

Peace be with you!

Quote from: Cryptoticker on August 24, 2017, 10:18:59 AM

the question is in the title. Is it possible?

Yes of course. Trading is an example of buying altcoins with your BTC. You can also hold altcoins and buy them with BTC. Just like others I also collect altcoins using Coinomi wallet app it has simple feature that can exchange your BTC into other coins. Since I have received BTC payments from signature campaigns I had converted it into ETH and BCH. I tried my luck on altcoins but seems so hard to predict.

CarlIIG

newbie

Activity: 6

Merit: 0

Of course you can but if you wanna make profit you should carefully when choosing which coin will you buy cause somtime when you use your bitcoin to buy any other cryptocurrencies the price of that coin going down really quickly right after you bought it

). It always happen to me when I start trading

).

MetalGear

sr. member

Activity: 714

Merit: 250

Quote from: ?? on ??

Yes. we can use bitcoin for buying cryptocurrency. All most all of cryptocurrrency has BTC/ALT pair.so bitcoin is mostly used to buy for cryptocurrency. I also use bitcoin for buy crypto currency.

Actually, you can use your bitcoin to buy some cryptocurrency on online market. In addition to that, some cryptocurrency and asset has bitcoin and altcoin pair. However, the mostly used to buy coin or altcoin is bitcoin because you pay it easily. Lastly, I also use bitcoin to buy some coin on online market.

MANCRYPTOS

sr. member

Activity: 266

Merit: 250

Quote from: Cryptoticker on August 24, 2017, 10:18:59 AM

the question is in the title. Is it possible?

Hi are seriously asking this, are you new only this forum or crypto world too? because all other cryptocurrencies are connected with bitcoin, and yes of course it is possible to buy other cryptocurrencies via bitcoin Good luck

Emoclaw

sr. member

Activity: 420

Merit: 251

Yes it is possible when using a Bitcoin exchange, such as Bittrex, Kraken, Poloniex etc. The majority of altcoins can only be bought with Bitcoin.
It is also possible to exchange altcoins directly without having to buy Bitcoin by using https://shapeshift.io/.

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