Cryptocurrency Tutorials

myether wallet

How to get a ERC20 Token Compatible Wallet

Cryptocurrency exchanges are amazing. They help users buy coins by offering an easy to use interface (most of them). They even store them on their exchange for you. Did you know that those coins actually don’t belong to you? The exchanges have the private key information for your coins so you actually don’t own them. In addition, exchanges are prone to being hacked and your coins could be stolen at any given notice. There is no way to recover your coins once a hacker sends your coins to their wallet. To prevent this, one should obtain their own secure, crypto wallet.

What is a Cryptocurrency Wallet?

How to buy alt coins

How To Buy ALT Coins Like IOTA, Ripple, Verge, etc

The main question that repeatedly comes up, “Where to buy IOTA? or “How do I buy the Ripple coin?”. Coinbase only sells BTC, ETH, LTC, and BCH. There are many coin exchanges on the market but many of them do not allow US citizens to participate. One such exchange, bitfinex, recently closed their exchanges to US citizens. This was due to a few reasons, one being they did not want to accept risk from the US market. Another problem is that most exchanges don’t have a wide variety of crypto coins listed on their exchanges.

The exchange we will be using is binance. They have the biggest selection of cryptocurrencies and is one of the only exchanges with the IOTA cryptocurrency. This will require some work on your part, as there is currently no simple protocol for buying other coins.

I also recommend using a computer or tablet to do this. Not very easy to do on a phone.

 

Steps to buy IOTA, Ripple, NEO, Verge, or any other Altcoins on Binance

Minimum 4 characters
%d bloggers like this: