There are many new crypto coins getting minted every day and more and more people are riding the crypto hype train that Bitcoin started. Currently, Bitcoin is still the most popular and widely-used cryptocurrency. By the end of 2017, Bitcoin reached almost $17,600 before declining. Nonetheless, traders are still looking for that “bargain price” where people will start buying again and potentially create another historical bull market.
Other traders look for this magical price area, also known as “support” in Ethereum and Ripple charts too. If you don’t already know, Ethereum and Ripple are the second and third biggest cryptocurrencies in terms of market cap. Meanwhile, those who already hold these coins are looking to sell them at the highest price, also known as the “resistance” on the price charts.
If you’re looking at this, you probably want to discover how to buy bitcoins and other altcoins, as well as sell them.
This complete guide on how to buy, sell, trade, and exchange cryptocurrencies (Bitcoin, Ethereum, Ripple) seamlessly will help you cruise your way into the crypto marketplace.
You must have a crypto wallet to buy cryptocurrencies. Here are some wallets for each popular crypto coin that you will buy.
|Wallet Types||Wallet Brand||Compatible Coins|
|Hardware wallets||Ledger Nano S||BTC, ETH, XRP|
|Online wallets||BitGo||BTC, ETH|
|Desktop wallets||Electrum||BTC, ETH|
|Mobile wallets (Android & iOS)||breadwallet||BTC, ETH|
If you want a flexible and seamless way to buy Bitcoin, Ethereum, and Ripple, you can try doing so with the help of Bluebelt. Go to the official Bluebelt website and create your account.
After confirming your account via email, verify your Bluebelt account on your My Page. Reach Level 1 for depositing crypto coins and Level 2 for depositing fiat money.
Deposit fiat via local or international bank wire transfer. If you’ll deposit crypto, you will have to use your crypto wallet public key.
Your account will have two fund accounts:
Bluebelt offers two ways of buying crypto coins. The first is Instant Buy, which enables you to buy Bitcoin (BTC) or Ethereum (ETH) instantly using fiat money in preset and custom amounts. Deposit your fiat money into your General Account via Bank Wire before the purchase.
Use the Bluebelt Exchange platform to buy BTC using ETH at the best market rates. You can use your ETH funds in your General Account for this. Otherwise, deposit ETH from your Ethereum wallet into your exchange account.
Use the Bluebelt Exchange platform (centralized) to buy Ripple (XRP) or ETH using BTC at the best market rates. You can use your BTC funds in your General Account for this. Otherwise, deposit BTC from your Bitcoin wallet into your Exchange account.
Use Instant Sell to sell your General Account’s BTC or ETH for fiat money quickly in preset or custom amounts. Once the process is done, you can choose to withdraw your fiat money from your General Account to your real bank account via Bank Wire.
Use the Bluebelt Exchange platform to sell your BTC for ETH at the best market rates. When you finish, you can choose to withdraw your ETH from your Exchange account to your ETH wallet. You can also choose to transfer them to your General Account if you want to sell them for fiat money.
Use Bluebelt’s centralized Exchange platform to sell your XRP or ETH for BTC at the best market rates. When you finish, you can choose to withdraw your BTC from your Exchange account to your BTC wallet. You can also choose to transfer them to your General Account if you want to sell them for fiat money.
If you want to seamlessly exchange or trade Bitcoin, Ethereum, or Ripple, it’s important to not lose track of your accounts. That’s why using a centralized platform that has all your needs is such a big help. Bluebelt wants its users to have a single account to manage all of their crypto trading needs. This way, you can focus on the things that matter the most in your crypto trading career.