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How To Use Coinmama

The Coinmama cryptocurrency exchange gives its users the ability to purchase both Bitcoin and Ethereum. For simplicity, the guide below shows how to purchase Ethereum (also known as Ether or ETH).

1. How To Open A Coinmama Account

Go to the Coinmama website and register for a new account.

How To Use Coinmama

Login to Coinmama on the login page as shown below.

How To Use Coinmama

After login, you should see a page as shown below. If you haven’t already verified yourself click on “Verify your account” to verify. If you have already done this step, click on the “Buy ether” button to buy ether.

How To Use Coinmama

2. How To Purchase Cryptocurrency In Coinmama

Once in the ether page, you should see something similar to the page shown below. Choose the currency you wish to purchase in, and select the amount of Ether you want. Scroll down further to purchase a flexible amount.

How To Use Coinmama

2.1 Transfer the BTC or ETH to Binance from Coinmama

To transfer cryptocurrencies to Binance, you have to provide the address (alphanumeric code of about 30 characters) of the wallet where you want the coins to be deposited. Note that different currencies use different wallets with different addresses. For example, you will be withdrawing Ether coins from your Coinmama wallet and depositing them in to your Binance Ether wallet. Follow these steps:

Open and login to your Coinmama and Binance accounts in separate tabs.

Go to your Binance account and get your ether wallet address. On the Binance dashboard, click on the Funds tab at the top of the page, then click on the Deposit/Withdrawals as shown below.

How To Use Binance

Here, you will see the list of wallets for all the cryptocurrencies that are traded on Binance.

How To Use Binance

Scroll down to find your Ether wallet, click on the Deposit button and copy the address given. Note that this is your unique wallet address on Binance — it will be the address you will use to send coins from your Coinmama account.

How To Use Binance

Now go to your Coinmama account. Once you decide on the currency and amount, you should be navigated to the confirmation page as shown below. Enter your wallet address from Binance and click “Complete Payment”

How To Use Coinmama

The Ether will be sent directly to your Binance wallet (or any other wallet you might have).

Congratulations! You have successfully used the Coinmama exchange to buy cryptocurrency.

How To Buy Ethereum (ETH)

How To Buy Ethereum

What Is Ethereum?

Ethereum (ETH) is the largest blockchain app platform currency (by market capitalization) which is being used extensively by developers to create applications. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. The cryptocurrency is actually called Ether, and is used to pay for computation time and for transaction fees.

Ethereum’s core innovation involves a complete software which enables users to run any kind of program – regardless of the program language – given enough time and memory. This process therefore promotes the simplicity of decentralized blockchain creation, as it supports the development of thousands of applications on one simple platform.

Key Features

Ethereum prides its brand off the following features:

1. Mitigates the power from third-party enterprises, therefore distributing the power back to the people and developers.

2. Censorship is impossible on this decentralized platform.

3. This platform is extremely secure – as there is no central point where hacker can attack or commit fraud.

4. Applications can never be shut off or crash, creating stability amongst its users.

How To Buy Ethereum (ETH)

Buy your Etherium on Coinbase using your usual currency.

Step 1. Set Up A Coinbase account

Go to the Coinbase website here. Click sign up for a new account. Enter your details and password to create an account.

How To Buy Ethereum

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you.

How To Buy Ethereum

Following this, you will be redirected to complete another verification step. This step involves typing in your phone number onto Coinbase. You should then receive a code sent via text message to your phone. Enter this code onto the website — this should take no longer than 30 seconds.

How To Buy Ethereum

Once you have confirmed your account via the email link and phone code, you will need to present a form of identification (such as a drivers licence or passport). You may also need to provide an additional photo of yourself for extra security. Follow the steps, but you may wish to read the tips on the Coinbase website about this process first.

How To Buy Ethereum

Step 2. Fund your Coinbase account

There are various options available to fund your Coinbase account. You can read about the different payment methods available from different countries on the Coinbase support page.

You should now see the Coinbase dashboard. Click on the “Settings” tab as shown below.

How To Buy Ethereum

Next, click on the “Link Accounts” subtab.

How To Buy Ethereum

Choose a way to fund your Coinbase wallet using one of the following methods:

How To Buy Ethereum

After you’ve verified your payment method and transferred some money to your Coinbase account, it will appear in your usual ‘fiat’ currency wallet under the Accounts tab. This may take a while depending on your payment method, so check the support on the website so you know what to expect.

Step 3. Buy Ethereum

Once you have your account with funds in it, it is time to buy some Ethereum. Click on the Buy/Sell tab as shown below.

When you are at the Buy/Sell page, simply choose the cryptocurrency you want to purchase (in this case Ethereum), the payment method and the amount you want to buy, then click “buy”.

How To Buy Ethereum

Once you purchase your Ethereum, you can view your coin holdings in the individual currency wallets found under the Accounts tab. Use this process to buy any other cryptocurrencies on Coinbase.

How To Buy Ethereum

Congratulations! You now own Ethereum! Navigate to the Dashboard tab to see what the current price for Ethereum is.

How To Buy Ethereum

From here, you can choose to either exchage Ethereum with another cryptocurrency such as Ripple or Stellar, or you can hold your coin and watch it change in price! Goodluck!

How To Buy Bitcoin (BTC)

How To Buy Bitcoin

Bitcoin is the largest cryptocurrency (by market cap) which is readily available to buy in exchanges and in some places ATMs. The distributed ledger (blockchain) technology allows one person to send bitcoins direct to another person for low transaction fees — which are paid to miners who verify the transactions.

Bitcoins can be used to buy any type of product or merchandise using anonymous technology. As these coins do not have to obey any kind of government or country regulation, the international transactions and payments are made extremely simple and cheap. Many businesses around the world are now accepting Bitcoin as a payment method for things such as food, cars, products, and even houses. Bitcoin’s global usage has scaled rapidly, especially amongst small businesses who take advantage of no credit card or transaction fees. Many people buy bitcoins as an investment, hoping they will go up in value over time.

It is a common misconception that in order to purchase Bitcoin, you must buy an entire Bitcoin. This dissuades people from entering cryptocurrency market because it may seem too expensive to purchase. However, you can actually buy any amount of Bitcoin. This could range from 0.0000008 of a Bitcoin to simply $5.00 worth of Bitcoin — it’s really simple to enter the market without spending thousands of dollars.

Step 1. Set up a Coinbase account

Go to the Coinbase website here. Click sign up for a new account. Enter your details and password to create an account.

How To Buy Bitcoin

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you.

How To Buy Bitcoin

Following this, you will be redirected to complete another verification step. This step involves typing in your phone number onto Coinbase. You should then receive a code sent via text message to your phone. Enter this code onto the website — this should take no longer than 30 seconds.

How To Buy Bitcoin

Once you have confirmed your account via the email link and phone code, you will need to present a form of identification (such as a drivers licence or passport). You may also need to provide an additional photo of yourself for extra security. Follow the steps, but you may wish to read the tips on the Coinbase website about this process first.

How To Buy Bitcoin

Step 2. Fund your Coinbase account

There are various options available to fund your Coinbase account. You can read about the different payment methods available from different countries on the Coinbase support page.

You should now see the Coinbase dashboard. Click on the “Settings” tab as shown below.

How To Buy Bitcoin

Next, click on the “Link Accounts” subtab.

How To Buy Bitcoin

Choose a way to fund your Coinbase wallet using one of the following methods:

How To Buy Bitcoin

After you’ve verified your payment method and transferred some money to your Coinbase account, it will appear in your usual ‘fiat’ currency wallet under the Accounts tab. This may take a while depending on your payment method, so check the support on the website so you know what to expect.

Step 3. Buy Bitcoin

Once you have your account with funds in it, it is time to buy some Bitcoin. Click on the Buy/Sell tab as shown below.

When you are at the Buy/Sell page, simply choose the cryptocurrency you want to purchase (in this case Bitcoin), the payment method and the amount you want to buy, then click “buy”.

How To Buy Bitcoin

Once you purchase your Bitcoin, you can view your coin holdings in the individual currency wallets found under the Accounts tab. Use this process to buy any other cryptocurrencies on Coinbase.

How To Buy Bitcoin

Congratulations! You now own Bitcoin! Navigate to the Dashboard tab to see what the current price for Bitcoin is.

How To Buy Bitcoin

From here, you can choose to either exchage Bitcoin with another cryptocurrency such as Ripple or Stellar, or you can hold your coin and watch it change in price! Goodluck!

How To Buy Iota (IOT)

How To Buy Iota

IOTA is an open-source distributed ledger protocol that uses “Tangle” instead of blockchain. Validation of transactions is completed by users, is fast and transactions are free. The focus is on the Internet of Things (IoT).

This article details step-by-step how to buy Iota (IOT):

1. Buy your Bitcoin or Etherium on Coinbase using your usual currency
2. Send your newly purchased BTC or ETH to Binance
3. Buy Iota on Binance

Step 1.1 Set up a Coinbase account

Go to the Coinbase website here. Click sign up for a new account. Enter your details and password to create an account.

How To Buy Iota

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you.

How To Buy Iota

Following this, you will be redirected to complete another verification step. This step involves typing in your phone number onto Coinbase. You should then receive a code sent via text message to your phone. Enter this code onto the website — this should take no longer than 30 seconds.

How To Buy Iota

Once you have confirmed your account via the email link and phone code, you will need to present a form of identification (such as a drivers licence or passport). You may also need to provide an additional photo of yourself for extra security. Follow the steps, but you may wish to read the tips on the Coinbase website about this process first.

How To Buy Iota

Step 1.2 Fund your Coinbase account

There are various options available to fund your Coinbase account. You can read about the different payment methods available from different countries on the Coinbase support page.

Login to your Coinbase account:

How To Buy Iota

Once in, you should see the Coinbase dashboard. Click on the Settings tab as shown below.

How To Buy Iota

Next, click on the Linked Accounts subtab.

How To Buy Iota

Choose a way to fund your Coinbase wallet using one of the following methods:

How To Buy Iota

After you’ve transferred some money to your Coinbase account, it will appear in your usual ‘fiat’ currency wallet under the Accounts tab. This may take a while depending on your payment method, so check the support on the website so you know what to expect.

Step 1.3 Buy Bitcoin (BTC) and Etherium (ETH) coins

Once you have your account with funds in it, it is time to buy some Bitcoin (BTC) or Etherium (ETH). Click on the Buy/Sell tab as shown below.

When you are at the Buy/Sell page, simply choose the cryptocurrency you want to purchase (Bitcoin or Ethereum), the payment method and the amount you want to buy, then click “buy”.

Note: It is a common misconception that in order to purchase Bitcoin, you must buy an entire Bitcoin. This dissuades people from entering cryptocurrency market (and buying Bitcoin) because it may seem too expensive to purchase. However, you can actually buy any amount of Bitcoin. This could range from 0.0000008 of a Bitcoin to simply $5.00 worth of Bitcoin — it’s really simple to enter the market without spending thousands of dollars.

How To Buy Iota

Once you purchase your cryptocurrency, you can view your coin holdings in the individual currency wallets found under the Accounts tab. Use this process to buy any other currencies on Coinbase.

How To Buy Iota

2. Transfer Bitcoin and Etherium to an altcoin exchange like Binance

Step 2.1 Open a Binance Account

After opening an account with Coinbase, simply open an account with Binance.

Go to the Binance website here: https://www.binance.com/ and register for a new account.

How To Buy Iota

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you. It should look something like this:

How To Buy Iota

Once you have confirmed your account via the email link, set up the level of authentication you want and you’re ready to fund your account using Bitcoin or Etherium.

To help keep your account secure, you should set up 2- factor authentication and read the tips about security from Binance here.

Step 2.2 Transfer the BTC or ETH to Binance from Coinbase

To transfer cryptocurrencies anywhere, you have to provide the address (alphanumeric code of about 30 characters) of the wallet where you want the coins to be deposited. Note that different currencies use different wallets with different addresses. For example, you will be withdrawing BTC coins from your Coinbase wallet and depositing them in to your Binance BTC wallet. Follow these steps:

Open and login to your Coinbase and Binance accounts in separate tabs.

Go to your Binance account and get your BTC or ETH wallet address. On the Binance dashboard, click on the Funds tab then click on the Deposit/Withdrawals as shown below.

How To Buy Iota

Here, you will see the list of wallets for all the cryptocurrencies that are traded on Binance.

How To Buy Iota

Scroll down to find your Bitcoin wallet (or Ethereum wallet if you want to transfer Ethereum), click on the Deposit button and copy the address given. Note that this is your unique wallet address on Binance, it will be the address you will use to send coins from your Coinbase account.

How To Buy Iota

Now go to your Coinbase account. Click on the Accounts tab, and click the Send button for the coin you wish to send over to Binance, such as BTC. You should see a form as follows:

How To Buy Iota

Paste the address you copied from your Binance BTC wallet. Check the address you copied is correct (or at least the first and last few characters). This is important, because if you enter the wrong address, you can lose your coins permanently!

Enter the amount to transfer and continue. A small amount of BTC are deducted for the transaction fee which funds the verification process (ETH fees tend to be smaller than BTC).

You can check the balance in your Binance BTC wallet (or ETH wallet if you transferred ETH). Bear in mind it can take several hours to arrive, so don’t panic if you can’t see it straight away (Etherium typically takes less time). You can check by navigating the tab – Funds – History – Deposits History – and tick the check after the Txid address. Any problems, refer to the Binance support page.

3. Buy Iota on Binance with Bitcoin (BTC) or Etherium (ETH)

With your Binance account funded with BTC or ETH you can start buying Iota.

Step 3.1 Find Iota

Simply go back to the list of cryptocurrencies on Binance, choose Iota, and click on the desired trading pair as follows

How To Buy Iota

Step 3.2 Open the trading exchange

You should see a page similar to the screenshot below which shows the action on the trading exchange. Alternatively, you can click on Exchange on the home page and open the basic or advanced display. This is where you place your buy order. An explanation of the elements on the page is outlined on Binance here.

How To Buy Iota

Step 3.3 Place an order

If you want to buy at around the current price being offered, then click the Market tab, enter the amount you want to buy and click buy — this is the easiest way.

If you want to enter your own price, click the Limit tab and enter a price below the current buy order price displayed in green on the left of the screen. In the example above, you might enter 0.00000081 if you expect the price to fall to this level in which case your order will be filled at this price. Enter the quantity and press buy.

Step 3.4 Confirm your order

Check your order is complete by looking at the open orders and order history at the bottom of the exchange page. Go to the Accounts page and check that the new Iota coins show up in your wallet. The number of coins in your BTC wallet should have decreased.

CONGRATS!!! You now own Iota!

On a side note, Binance has its own cryptocurrency called Binance or BNB which you can buy and use to exchange for other altcoins. There are rewards for doing so. More information can be found on the Binance website.

How To Use HitBTC

1. Buy Cryptocurrency Through HitBTC

Step 1. Set up a HitBTC account

Go to the HitBTC website here. Click sign up for a new account. Enter your details and password to create an account.

How To Use HitBTC

Step 2. Finding Crypto Address For HitBTC Deposit

Once you have created an account, you should see a dashboard similar to the one below. Click on the Deposit button to navigate to the cryptocurrency list.

How To Use HitBTC

Next, click on the currency you wish to deposit in. For the purpose of this example, we will be using Bitcoin as the cryptocurrency to deposit.

How To Use HitBTC

Copy the wallet address to be used to deposit Bitcoin into your HitBTC account, as shown below.

How To Use HitBTC

Step 3. Buying Altcoins

Navigate back to the dashboard and click on the tab of the cryptocurrency you wish to trade with. In this case, we use Bitcoin as an example.

How To Use HitBTC

Next, click on the trade pair you wish to trade with, and scroll down to input the trade details.

How To Use HitBTC

Input the amount of altcoin you wish to buy. Congrats! You now own an altcoin!

How To Use HitBTC

How To Use Coinbase

(1-2 Paragraph About Coinbase (inc. it only accepts cryptocurrency)

1. Buy Cryptocurrency Through Coinbase

Step 1.1 Set up a Coinbase account

Go to the Coinbase website here. Click sign up for a new account. Enter your details and password to create an account.

How To Use Coinbase

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you.

How To Use Coinbase

Following this, you will be redirected to complete another verification step. This step involves typing in your phone number onto Coinbase. You should then receive a code sent via text message to your phone. Enter this code onto the website — this should take no longer than 30 seconds.

How To Use Coinbase

Once you have confirmed your account via the email link and phone code, you will need to present a form of identification (such as a drivers licence or passport). You may also need to provide an additional photo of yourself for extra security. Follow the steps, but you may wish to read the tips on the Coinbase website about this process first.

How To Use Coinbase

Step 1.2 Fund your Coinbase account

There are various options available to fund your Coinbase account. You can read about the different payment methods available from different countries on the Coinbase support page.

You should now see the Coinbase dashboard. Click on the “Settings” tab as shown below.

How To Use Coinbase

Next, click on the “Link Accounts” subtab.

How To Use Coinbase

Choose a way to fund your Coinbase wallet using one of the following methods:

How To Use Coinbase

After you’ve verified your payment method and transferred some money to your Coinbase account, it will appear in your usual ‘fiat’ currency wallet under the Accounts tab. This may take a while depending on your payment method, so check the support on the website so you know what to expect.

Step 1.3 Buy Cryptocurrencies

Once you have your account with funds in it, it is time to buy some cryptocurrency. Click on the Buy/Sell tab as shown below.

When you are at the Buy/Sell page, simply choose the cryptocurrency you want to purchase, the payment method and the amount you want to buy, then click “buy”.

How To Use Coinbase

Once you purchase your cryptocurrency, you can view your coin holdings in the individual currency wallets found under the Accounts tab. Use this process to buy any other cryptocurrencies on Coinbase.

How To Use Coinbase

How To Use Binance

Note: It can sometimes be difficult to sign up with a Binance account because of their popularity. We suggest you use HitBTC as an alternative platform need be.

1. How To Open A Binance Account

Go to the Binance website here: https://www.binance.com/ and register for a new account.

How To Use Binance

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you.

Once you have confirmed your account via the email link, set up the level of authentication you want and you’re ready to fund your account using Bitcoin or Ethereum.

To help keep your Binance account secure, you should set up 2- factor authentication and read the tips about security from Binance here.

2. How To Deposit Money Into Your Binance Account

To exchange cryptocurrency on Binance, you must first have Bitcoin or Ethereum in another wallet, meaning you must have an account with another exchange such as Coinbase. Binance only accepts cryptocurrency as a payment, so you must exchange cryptocurrency from another exchange. For more information on how to set up a Coinbase account first, click here.

2.1 Transfer the BTC or ETH to Binance from Coinbase (Or Other Exchange)

To transfer cryptocurrencies anywhere, you have to provide the address (alphanumeric code of about 30 characters) of the wallet where you want the coins to be deposited. Note that different currencies use different wallets with different addresses. For example, you will be withdrawing BTC coins from your Coinbase wallet and depositing them in to your Binance BTC wallet. Follow these steps:

Open and login to your Coinbase and Binance accounts in separate tabs.

Go to your Binance account and get your BTC or ETH wallet address. On the Binance dashboard, click on the Funds tab at the top of the page, then click on the Deposit/Withdrawals as shown below.

How To Use Binance

Here, you will see the list of wallets for all the cryptocurrencies that are traded on Binance.

How To Use Binance

Scroll down to find your Bitcoin wallet (or Ethereum wallet if you have transferred Ethereum), click on the Deposit button and copy the address given. Note that this is your unique wallet address on Binance — it will be the address you will use to send coins from your Coinbase account.

How To Use Binance

Now go to your Coinbase account. Click on the Accounts tab, and click the Send button for the coin you wish to send over to Binance (such as BTC or ETH). You should see a form as follows:

How To Use Binance

Paste the address you copied from your Binance BTC/ETH wallet. Check the address you copied is correct (or at least the first and last few characters). This is important, because if you enter the wrong address, you can lose your coins permanently!

Enter the amount to transfer and continue. A small amount of BTC/ETH are deducted for the transaction fee which funds the verification process (ETH fees tend to be smaller than BTC).

You can check the balance in your Binance BTC/ETH wallet. Bear in mind it can take several hours to arrive, so don’t panic if you can’t see it straight away (ETH typically takes less time). You can check by navigating the tab – FundsHistoryDeposits History – and tick the check after the Txid address. Any problems, refer to the Binance support page.

3. How To Buy/Sell Coins On Binance

3.1 Buy Altcoins on Binance with Bitcoin (BTC) or Ethereum (ETH)

With your Binance account funded with BTC or ETH you can start buying altcoins.

To find your desired altcoin, simply go back to the list of cryptocurrencies on Binance, choose your desired altcoin, and click on the desired trading pair as follows (Note: We have used Tron as an example below — this process can be done for any altcoin):

How To Use Binance

Step 3.2 Open The Trading Exchange

You should see a page similar to the screenshot below which shows the action on the trading exchange. Alternatively, you can click on Exchange on the home page and open the basic or advanced display. This is where you place your buy order. An explanation of the elements on the page is outlined on Binance here.

How To Use Binance

Step 3.3 Place An Order

If you want to buy at around the current price being offered, then click the Market tab, enter the amount you want to buy and click buy — this is the easiest way.

If you want to enter your own price, click the Limit tab and enter a price below the current buy order price displayed in green on the left of the screen. In the example above, you might enter 0.00000081 if you expect the price to fall to this level in which case your order will be filled at this price. Enter the quantity and press buy.

Step 3.4 Confirm Your Order

Check your order is complete by looking at the open orders and order history at the bottom of the exchange page. Go to the Accounts page and check that the new altcoins show up in your wallet. The number of coins in your BTC wallet should have decreased.

CONGRATS!!! You now own altcoins on Binance!

On a side note, Binance has its own cryptocurrency called Binance (BNB) which you can buy and use to exchange for other altcoins. There are rewards for doing so. More information can be found on the Binance website.

4. How To Withdraw Coins/Money From Your Binance Account

How To Buy Stellar (XLM)

How To Buy Stellar

What Is Stellar?

Lumen’s coins (XLM) are the crypto-asset of the Stellar network, a shared public ledger on a distributed database or blockchain. The technology can move money (any currency) across the globe quickly, reliably and cheaply using the Lumens as a bridge. When converting this currency, the network automatically seeks the best exchange rate for all users using a decentralized exchange. This exchange matches buy and sell offers from the partner corporations who hold the currency. The project is continuously building partners with major corporations and is becoming progressively globalized.

In summary, Stellar cryptocurrency is a quick cryptocurrency which charges very low transaction fees. Like most other cryptocurrencies, Stellar has a built in decentralized exchange, which also enables the ability for users to host Initial Coin Offerings.

How To Buy Stellar (XLM)

1. Buy your Bitcoin or Etherium on Coinbase using your usual currency
2. Send your newly purchased BTC or ETH to Binance
3. Buy Stellar on Binance

Step 1. Set up a Coinbase account

Go to the Coinbase website here. Click sign up for a new account. Enter your details and password to create an account.

How To Buy Stellar

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you.

How To Buy Stellar

Following this, you will be redirected to complete another verification step. This step involves typing in your phone number onto Coinbase. You should then receive a code sent via text message to your phone. Enter this code onto the website — this should take no longer than 30 seconds.

How To Buy Stellar

Once you have confirmed your account via the email link and phone code, you will need to present a form of identification (such as a drivers licence or passport). You may also need to provide an additional photo of yourself for extra security. Follow the steps, but you may wish to read the tips on the Coinbase website about this process first.

How To Buy Stellar

Step 1.1 Fund your Coinbase account

There are various options available to fund your Coinbase account. You can read about the different payment methods available from different countries on the Coinbase support page.

Login to your Coinbase account:

How To Buy Stellar

Once in, you should see the Coinbase dashboard. Click on the Settings tab as shown below.

How To Buy Stellar

Next, click on the Linked Accounts subtab.

How To Buy Stellar

Choose a way to fund your Coinbase wallet using one of the following methods:

How To Buy Stellar

After you’ve transferred some money to your Coinbase account, it will appear in your usual ‘fiat’ currency wallet under the Accounts tab. This may take a while depending on your payment method, so check the support on the website so you know what to expect.

Step 1.2 Buy Bitcoin (BTC) and Etherium (ETH) coins

Once you have your account with funds in it, it is time to buy some Bitcoin (BTC) or Etherium (ETH). Click on the Buy/Sell tab as shown below.

When you are at the Buy/Sell page, simply choose the cryptocurrency you want to purchase (Bitcoin or Ethereum), the payment method and the amount you want to buy, then click “buy”.

Note: It is a common misconception that in order to purchase Bitcoin, you must buy an entire Bitcoin. This dissuades people from entering cryptocurrency market (and buying Bitcoin) because it may seem too expensive to purchase. However, you can actually buy any amount of Bitcoin. This could range from 0.0000008 of a Bitcoin to simply $5.00 worth of Bitcoin — it’s really simple to enter the market without spending thousands of dollars.

How To Buy Stellar

Once you purchase your cryptocurrency, you can view your coin holdings in the individual currency wallets found under the Accounts tab. Use this process to buy any other currencies on Coinbase.

How To Buy Stellar

2. Transfer Bitcoin and Etherium to an altcoin exchange like Binance

Step 2.1 Open a Binance Account

After opening an account with Coinbase, simply open an account with Binance.

Go to the Binance website here: https://www.binance.com/ and register for a new account.

How To Buy Stellar

You will be sent an email and asked to verify your account by clicking on a link in the email sent to you. It should look something like this:

How To Buy Stellar

Once you have confirmed your account via the email link, set up the level of authentication you want and you’re ready to fund your account using Bitcoin or Etherium.

To help keep your account secure, you should set up 2- factor authentication and read the tips about security from Binance here.

Step 2.2 Transfer the BTC or ETH to Binance from Coinbase

To transfer cryptocurrencies anywhere, you have to provide the address (alphanumeric code of about 30 characters) of the wallet where you want the coins to be deposited. Note that different currencies use different wallets with different addresses. For example, you will be withdrawing BTC coins from your Coinbase wallet and depositing them in to your Binance BTC wallet. Follow these steps:

Open and login to your Coinbase and Binance accounts in separate tabs.

Go to your Binance account and get your BTC or ETH wallet address. On the Binance dashboard, click on the Funds tab then click on the Deposit/Withdrawals as shown below.

How To Buy Stellar

Here, you will see the list of wallets for all the cryptocurrencies that are traded on Binance.

How To Buy Stellar

Scroll down to find your Bitcoin wallet (or Ethereum wallet if you want to transfer Ethereum), click on the Deposit button and copy the address given. Note that this is your unique wallet address on Binance, it will be the address you will use to send coins from your Coinbase account.

How To Buy Stellar

Now go to your Coinbase account. Click on the Accounts tab, and click the Send button for the coin you wish to send over to Binance, such as BTC. You should see a form as follows:

How To Buy Stellar

Paste the address you copied from your Binance BTC wallet. Check the address you copied is correct (or at least the first and last few characters). This is important, because if you enter the wrong address, you can lose your coins permanently!

Enter the amount to transfer and continue. A small amount of BTC are deducted for the transaction fee which funds the verification process (ETH fees tend to be smaller than BTC).

You can check the balance in your Binance BTC wallet (or ETH wallet if you transferred ETH). Bear in mind it can take several hours to arrive, so don’t panic if you can’t see it straight away (Etherium typically takes less time). You can check by navigating the tab – Funds – History – Deposits History – and tick the check after the Txid address. Any problems, refer to the Binance support page.

3. Buy Stellar on Binance with Bitcoin (BTC) or Etherium (ETH)

With your Binance account funded with BTC or ETH you can start buying Stellar.

Step 3.1 Find Stellar

Simply go back to the list of cryptocurrencies on Binance, choose Stellar, and click on the desired trading pair as follows

How To Buy Stellar

Step 3.2 Open the trading exchange

You should see a page similar to the screenshot below which shows the action on the trading exchange. Alternatively, you can click on Exchange on the home page and open the basic or advanced display. This is where you place your buy order. An explanation of the elements on the page is outlined on Binance here.

How To Buy Stellar

Step 3.3 Place an order

If you want to buy at around the current price being offered, then click the Market tab, enter the amount you want to buy and click buy — this is the easiest way.

If you want to enter your own price, click the Limit tab and enter a price below the current buy order price displayed in green on the left of the screen. In the example above, you might enter 0.00000081 if you expect the price to fall to this level in which case your order will be filled at this price. Enter the quantity and press buy.

Step 3.4 Confirm your order

Check your order is complete by looking at the open orders and order history at the bottom of the exchange page. Go to the Accounts page and check that the new Stellar coins show up in your wallet. The number of coins in your BTC wallet should have decreased.

CONGRATS!!! You now own Stellar!

On a side note, Binance has its own cryptocurrency called Binance or BNB which you can buy and use to exchange for other altcoins. There are rewards for doing so. More information can be found on the Binance website.