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The good news is that you can easily purchase either cryptocurrency at Coinbase using your Credit Card or even Bank Account. There are other places to purchase BTC and ETH online, but I'm going to focus this guide using Coinbase as it's the easiest to use for new investors in cryptocurrency.
Although Coinbase has both iOS iPhone and Android apps, I have found the easiest way to setup your exchange account with them is to use their website. Please MAKE SURE that the email address you enter is one you have access to and is your most secure email as this is how you will always sign in to your Coinbase account. I'm assuming you are an individual so I will skip the whole business account setup. Open the email and click on the link. I have to say although email verification emails are somewhat annoying, since you plan funding your account with actual money, this security step is very comforting.
Again, since you will be using your hard earned money to fund your Coinbase account, there are a few more verification steps you need to complete. The first being verifying a mobile phone number. Coinbase uses your mobile phone number to setup Two-factor authentication 2FA on your account making your account even more secure. Basically Coinbase will text you for each major change to your account including making purchases.
They seriously just use this as a way to add another layer of security to your account. Your options are either using your Bank Account or Credit Card. When you purchase using a Credit Card, you will be able to purchase immediately and have access to trade your coins right away. To learn about setting up a credit card to fund your Coinbase account, click here.
No need for me to walk you through this portion as Coinbase does a great job of doing that on their website. If you want to fund your account using your Bank Account, your purchased cryptocurrency will not available for trading for 4 to 5 business days.
Granted you will have locked in your purchase price at the time of purchase, but this means you won't be able to easily use your purchase to start buying iXledger IXT. To learn about setting up your bank account with Coinbase, click here. Coinbase does a great job of walking you through this setup as many banks have instant account verification. Now you should be ready to make your first purchase of Bitcoin or Ethereum that you will then use to buy iXledger IXT. As I mentioned at the beginning of this guide, Coinbase makes it very easy to start investing in cryptocurrency.
All you need to do is head over to your BUYS pages and select the currency you wish to purchase. Since I'm not a licensed professional and the cryptocurrency market is so volatile, deciding between which one to invest in based upon value will be up to you. Decide how much you want to invest. This is a dollar amount. Realize you don't have to purchase a full coin, rather you will be investing a portion of a coin.
Knowing this will actually help you with your future cryptocurrency investments. The nice thing is that they alert you before you make your purchase of the total purchase price. I know this sounds painful, but it really isn't. As each exchange has their own way of setting up a trading account, I will have to skip that portion of this guide but the majority of the exchange like first affiliate have a similarly easy setup process like Coinbase.
Plus since your funding will be doing using the Bitcoin or Ethereum your've already purchased, the setup should take less time. This is done via a wallet system. When you click on it you should see or be given a button to click to create your wallet ID. This wallet ID is specific to your account. Once you have your specific currency's wallet ID, head back over to your Coinbase account. Since I don't want to miss any steps in this important process, click here to view the official how-to guide from Coinbase on transferring your currency to another wallet.
Now you play a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed multiple times. There is nothing on your end to do except wait for this to happen. Depending on the day this could take 5 minutes or even up to a few hours.
Once your transfer has been confirmed it should show in your exchange's account and will be immediately ready to be used to buying iXledger IXT. If iXledger IXT doesn't have an investment option using the currency you purchased as Coinbase, don't worry. All you need to do is trade into the specific currency. Let me reiterate, I am not a licensed professional so I can't give you any investment advice on how to handle the next step.
The first is buying at the market price. This is the current price iXledger IXT is trading at. There is nothing wrong with purchasing at this price, but if you think the price will drop or wanted to get it at a lower price, then look at the limit price.
Limit price bascially says you want to purchase a certain amount of iXledger IXT at a specific price. If the price of IXT gets to that price your order will be processed. Remember, with how volatile the market is, there is no guarantee the price will drop to your limit price. Some exchanges don't convert this over to your local currency, so you can always use Google and type something like "0. Even though the exchange you purchased iXledger at does this for you, using a third-party website or app makes it a whole lot easier.
Here is a list of some best cryptocurrency investment tracking websites and apps that you can use. Also if you are interested in investing in other cryptocurrencies such as list out with links to their guides , you more than likely can do that at the exchange you used to invest in iXledger IXT. If not, just follow the same steps as before except skipping the whole setting up a Coinbase account since you already took care of that. Toggle navigation Crypto Toolset.
Setup your Coinbase account Although Coinbase has both iOS iPhone and Android apps, I have found the easiest way to setup your exchange account with them is to use their website.
Next select your funding source i. You are now an investor in cryptocurrency. Don't get overwhelmed as this is pretty straightforward. Bitcoins can only go into Bitcoin wallets, Ethereum can only go into Ethereum wallets. The good news is that in your Coinbase account they give you a link to track the transfer. Once you are ready to buy iXledger IXT , most likely you will have a couple ways to do so. You are a proud investor in iXledger IXT!