How to Buy Crypto

So you want to buy $COIN (insert any cryptocurrency here). What exchange is it on? Is it a DEFI coin? What’s the process from start to finish? Here’s a beginners guide on how to identify the process to purchase any coin from start to finish. I’ll use $ETH (Ethereum), as an example because it’s available on both centralized and decentralized exchanges.

Look up the coin on Coingecko to identify where to buy it

Coingecko is my preferred tool to do coin research before making any purchases. Coinmarketcap was bought by Binance and I believe that results in a small conflict of interest.

Search for the ‘ETH’ symbol in the bar in the upper right and navigate to the result:

On $ETH’s page navigate to the markets section a little ways down the page:

Look through the list of Markets that the $ETH is tradable on and find the ones that you have access to:

I can use both Coinbase (CEX) and Uniswap (DEX) so i’ve highlighted those on the list. Now I know where I can go to purchase $ETH.

Navigate to the exchange or protocol where $COIN can be traded

Trading on a Centralized Exchange

Now that I’ve established that $ETH is available on Coinbase Pro, I can go the exchange and trade for that coin. You can deposit USD into Coinbase Pro to trade for $ETH, or trade another coin for it.

Here’s a full guide on how to start using Coinbase Pro.

Swapping on a Decentralized Exchange

Because $ETH is also available on Uniswap, I also have the option to head over there to swap for the coin. Using Uniswap requires a Web3 wallet like Metamask and you would need to have another coin on your wallet to swap for it. $ETH is actually the backbone currency of Uniswap and Defi.

To make a Swap on Uniswap, you can either send $ETH you purchased on Coinbase Pro to your Metamask or another ERC20 token like $USDC.

Check out this guide on how to make a swap on Uniswap.

Next steps

Once you swap for the coin, then you’ll have to decide on where you want to store it. You can keep it on the CEX or in your Metamask wallet if you’ll need access to it, but if you want to simply HODL I would move it to cold storage. My recommended hardware wallet is the Trezor Model T.

In depth guides on buying specific coins

How to buy $UFO on Uniswap

$UFO is a gaming coin that has gained a lot of popularity in the recent weeks. This coin is only found on DEXes and I’ve personally purchased it through Uniswap. Full guide on how to buy.

How to buy $SHIB on Coinbase Pro

$SHIB has literally mooned over the past few months and many people are clamoring to get a piece. It even surpassed $DOGE at one point. I personally believe that Shiba Inu Coin has already given most of its gains, but it will still likely do well with all the current hype surrounding it. Full guide on how to buy.

How to buy $SOUL on Kucoin

Gaming and NFT coins have been huge lately and this one will be no exception. From the creators of $NEO, this is a top project that will see a lot of hype in the upcoming months. Full Guide on how to buy.

How to buy $HIFI on BSC

$HIFI is currently a very small market cap coin of $13.5M as of December 1st. If you know anything about market caps, you know that $2.5B isn’t a big target for a gaming metaverse coin. Get in now while you still can, and don’t be sad that you missed the rocket.

How to buy $BITD on BSC

8 Bit Doge is a small cap, NFT and Gaming token that’s related to $DOGE. A lot of potential here when the Dog coins make a resurgence.

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