How to 1.) Buy Crypto - Easy 2.) Buy Crypto - More | Prices: CoinPaprika.com
Public keys are used to move your cryptos to a new address. It could be another crypto exchange, another wallet or to make a purchase, etc.
Move a small amount to test the process before you send large amounts.
Anyone with your private keys can access your cryptos. Do NOT share your private keys. How to avoid scam, theft and fraud:
1.) Easiest: Buy cryptos for USD directly inside the Exodus Wallet with credit card.
2.) Use a Swap: Send your coins to SwapSpace.co to exchange/trade them. Use the fixed rate option for your first swap. It's usually faster. Watch the video tutorial below first.
If it is a new swap for you, exchange a small amount to test the swap before you exchange large amounts. After entering the swap, copy down or take a screen shot of the swap transaction ID. If you have any concerns, send a short email including your swap transaction ID to the support address...Can you check on swap ID [zzz]...
Please watch tutorial below prior to your first swap. It will give you an overview of the swap process. After the swap, practice independently verifying your transaction hash and receiving address in a block explorer (see below).
You are sending one type of coin to the swap and receiving a different coin back in exchange. The basic steps in any swap are: 1.) choose your currencies and amounts, 2.) choose options such as fixed/floating or between various exchanges, 3.) enter YOUR PUBLIC RECEIVING address and double check, 4.) send coins to specified swap address, 5.) wait anywhere from 5 minutes to about 3 hours for coins to arrive in your wallet. *** Longer if network congestion.
On your first try, swap a small amount at a fixed rate on SwapSpace.co. It has an easy user interface, clear instructions, clear user confirmations.
Buy larger amounts of crypto with USD. This is a longer process similar to opening a bank account. Open an account with the Gemini, and/or Bitstamp, Kraken crypto exchanges. Transfer USD from your bank accounts via ACH or wire transfer to Gemini. Once your account is setup, this option is fast and often gives you better prices.
Gemini: How to Open A New Account
Important: move the new coins you buy at Gemini off the exchange to your private wallet like Atomic Wallet, Exodus Wallet, Trezor wallet or Ledger Nano wallet.
Move a small amount to test the process before you send large amounts.
Move the coins to an exchange such as Binance or Kucoin to trade them for various coins (alt-coins). Move the coins to your laptop-desktop Atomic / Exodus to store them.
Find a good online tutorial and follow along. Don't lose your coins!
Never give out your private keys. Anyone with your private keys can access your cryptos.
A public or private key (also called address) will look similar to:
1Vvp22BBY7Cn6nHIWQQSaF3jhzD9syq2C
Address protocols for coins vary:
BTC (Bitcoin) addresses start with 1
: 1Vvp22BBY7Cn6nHIWQQSaF3jhzD9syq2C
ETH (Ethereum) addresses start with 0x
: 0xYHdkso937sjs8JLySWSKNdQJtC
LTC (Litecoin) addresses start with L, M or 3
: LjNpYd7C811Adkfjd043GDJJso5e
Please watch tutorial video below. Every wallet has a transaction log. You can view your transaction log from inside the wallet.
You can also view your transaction log on the public blockchains. Each blockchain has its own transaction explorer(s). These explorers are the public list of transactions. Bitcoin uses a Bitcoin Explorer. Ethereum uses an Ethereum Explorer. Solana uses a Solana Explorer, etc.
To find the blockchain explorer for your coin, 1.) go to CoinMarketCap.com, 2.) search for your coin, 3.) select the Explorer tab/drop-down, then 4.) Select a Explorer link for your coin.
Enter your PUBLIC receiving/recipient address in the Explorer search function to see a list of transactions for your address.
How to Trace a Bitcoin Transaction
Please be sceptical about Social Media crypto offers. Please research carefully. Ask for more information.
If you feel pressured, stop and get off that page/app. Go back later if you want more info. Be especially careful with phone wallet confirmations or browser extension wallets (Metamask) confirmations. Slow down. Make sure to read them carefully. Don't just select 'ok' because you are in a hurry. Don't lose your coins.
Hashoshi: 5 WORST crypto mistakes that cost crypto investors dearly.