Bitcoin & other cryptocurrencies had touched a market capitalization of over 795 billion USD on January 6th, 2018. This capitalization dropped to 450 billion on January 17th & as of writing of this article, on January 20th, the market capitalization has reached over 600 billion again. More & more people are getting into the crypto frenzy and as long as there’re people who want to get quick return on investments, this cap is going to grow.

Also, there’re a lot of startups happening in this domain and they all are raising capital through ICOs (initial coin offering). Specially, with the announcement of Telegram’s TON & their upcoming ICO, no wonder if we hear Facebook or Google also getting into this domain. These coins are bringing in more money & are tradeable over different exchanges. So, if you’re not interested in buying Bitcoin or Ethereum, you might be interested in buying another crypto coin like Ripple (XRP), Cardano (ADA), Stellar (XLM) or Tron (TRX). And to buy these coins, you first have to buy some Bitcoins (BTC) or Ethereum (ETH).

Even if you’re not ready to get into Bitcoin or other cryptocurrencies yet, you’ll be soon wanting to do it.

But as this crypto market is still not fully regularized, the exchange & conversion mechanisms of Bitcoin and other cryptocurrencies into fiat (regular currencies like USD, EUR etc) are still evolving. The exchanges are adapting & scaling to cater high loads of users but whenever there’s a surge or drop in price of Bitcoin, these exchanges start facing high loads. During such times, it’s very difficult to register over crypto exchanges. So, again, even if you’re not ready to get into Bitcoin or other cryptocurrencies yet, you should signup over the following cryptocurrency exchanges & trading platforms, so that, whenever you’re ready, and believe me, you’ll be ready very soon, you don’t have to wait for the exchange to open up registration for new users.

Signing up over these exchanges & trading platforms is FREE

Localbitcoins

Localbitcoins is probably the most convenient way of buying Bitcoins but only Bitcoins. You can’t buy Ethereum over Localbitcoins. It offers the convenience of buying Bitcoins in your own local currency with your local payment options. Localbitcoins is actually a trading platform where different Bitcoin sellers have listed their offerings along with the acceptable payment options. Signing up over Localbitcoins is very simple & when you’re ready to buy, you can store your Bitcoins in the same wallet as well.

The issue with Localbitcoins is the offering rate. As it’s not an exchange but a trading platform, the selling price of Bitcoins is set by the individual seller. So, you might end up paying a little more than the market price. But for the countries where paying with Credit or Debit card is not easy, Localbitcoins is the best option. If you’ve a Visa or Mastercard powered Credit or Debit card, the below option (Coinmama) is probably the best one.

Still, don’t wait & just signup with Localbitcoins too, because you never know if it becomes your only option!

Coinmama

Coinmama is one of the oldest & very reputed Bitcoin & Ethereum exchange that converts your USD & EUR into these cryptocurrencies. They accept all currencies & payments can be done via Credit or Debit cards. The signup process is very simple but to be fully prepared for the coming crypto revolution, you should get your account verified as well. You’ll be needing a valid government issued ID to get verified over Coinmama. Acceptable high-quality images of documents are:

  • A non-US passport (first and second page)
  • Or a national ID card (both sides)
  • Or a driver’s license (both sides)

How to Buy Bitcoin From Coinmama

Don’t just register, get verified over Coinmama exchange and whenever you’re ready to buy Bitcoin or Ethereum, just sign in & use your Credit or Debit card (Visa or Mastercard powered) to make the purchase.

Coinmama doesn’t offer a wallet to store your Bitcoins or Ethereum. If you’ve decided to make the crypto lifestyle choice of buying your first Bitcoin or Ethereum or any other crypto coin, you would need to transfer the Bitcoins or Etherum (whichever you’ve bought from Coinmama) to a wallet.

So, let’s explore other places where you should, at least:

  1. Sign up
  2. How you’re going to store your Bitcoins or Ethereum
  3. How you’re going to buy other crypto coins like Ripple (XRP), Cardano (ADA), Stellar (XLM), Tron (TRX) etc.

Binance

Binance is a one of the fastest growing cryptocurrency trading platforms. There’re a number of crypto coins that are being traded over Binance. This platform doesn’t exchange your fiat money (local currency) into Bitcoins or other crypto coins but offers a wallet to store them. So, when you buy the Bitcoins from Coinmama, you can use Binance’s wallet to store them. How you can do that? I’ll explain in a little bit. First, just head over to Binance & signup. If you don’t you’ll defiantly regret it one day!

HitBTC

Another cryptocurrency trading platform with a wallet to store your crypto coins. You can use it to store Bitcoins or Ethereum you bought or you’ll buy (eventually) from Coinmama. Signup over HitBTC & come back to follow further.

Mercatox

Yet another cryptocurrency trading platform with a wallet. Again, just signup & then read below!

Why Binance, HitBTC & Mercatox?

First, when you buy Bitcoins using Localbitcoins, you don’t need to worry about storing them. You can simply keep them in the wallet provided by Localbitcoins. But, if you want to buy any other crypto coin, you would need to transfer your Bitcoins from Localbitcoins wallet to Binance, HitBTC or Mercatox. These’re the super easy-to-use crypto trading platforms where you can exchange your Bitcoins with other cryptocurrencies. Which cryptocurrencies?

Those cryptocurrencies which are really very cheap at the moment & have a high potential of returning more than 100x return. 

Second, when you buy Bitcoins or Ethereum using Coinmama, you need a wallet to store them. All these platforms provide you with such a wallet to keep your coins.

Now, how you’re going to transfer your Bitcoins & Ethereum from Localbitcoins or Coinmama to Binance or HitBTC or Mercatox?

How to Transfer Bitcoins From Localbitcoins to Binance

  1. Sign in to your Binance account
  2. Go to Funds > Deposits
  3. Select BTC (Bitcoin) from the menu
  4. You’ll be provided with a BTC Deposit Address
  5. Copy that address
  6. Sign in to your Localbitcoins account
  7. Go to Wallet
  8. You’ll be provided with a text field to enter your Receiving bitcoin address
  9. Past your Binance BTC Deposit Address in the Localbitcoins Receiving bitcoin address field
  10. Enter the number of Bitcoins you want to send in the Amount in bitcoins field

Press Continue & your Binance wallet will receive the Bitcoins in some time.

How to Transfer Bitcoins From Localbitcoins to HitBTC

  1. Sign in to your HitBTC account
  2. Go to Deposit
  3. Select BTC (Bitcoin) from the listed currencies
  4. You’ll be provided with a Wallet address
  5. Copy that address
  6. Sign in to your Localbitcoins account
  7. Go to Wallet
  8. You’ll be provided with a text field to enter your Receiving bitcoin address
  9. Past your HitBTC Wallet address in the Localbitcoins Receiving bitcoin address field
  10. Enter the number of Bitcoins you want to send in the Amount in bitcoins field

Press Continue & your HitBTC wallet will receive the Bitcoins in some time.

How to Transfer Bitcoins From Localbitcoins to Mercatox

  1. Sign in to your Mercatox account
  2. Go to E-WALLET
  3. Click Deposit on BTC (Bitcoin) from the listed currencies
  4. You’ll be provided with a BTC deposit address
  5. Copy that address
  6. Sign in to your Localbitcoins account
  7. Go to Wallet
  8. You’ll be provided with a text field to enter your Receiving bitcoin address
  9. Past your Mercatox BTC deposit address in the Localbitcoins Receiving bitcoin address field
  10. Enter the number of Bitcoins you want to send in the Amount in bitcoins field

Press Continue & your Mercatox E-WALLET will receive the Bitcoins in some time.

How to Transfer Bitcoins From Coinmama to Binance

  1. Sign in to your Binance account
  2. Go to Funds > Deposits
  3. Select BTC (Bitcoin) from the menu
  4. You’ll be provided with a BTC Deposit Address
  5. Copy that address
  6. Sign in to your Coinmama account
  7. Click on BITCOIN from the menu
  8. You’ll be provided with Bitcoin rate in EUR & USD
  9. Select your preferred currency
  10. Click the desired amount to exchange into Bitcoins
  11. You’ll be taken to the payment page where you can confirm your buying order of Bitcoins & you’ll be needed to provide your Bitcoin wallet address
  12. Past your Binance BTC Deposit Address

You’ll receive an email to confirm your transaction & Bitcoin wallet address. Follow the link in that email & your Binance wallet will receive the Bitcoins in some time.

How to Transfer Bitcoins From Coinmama to HitBTC

  1. Sign in to your HitBTC account
  2. Go to Deposit
  3. Select BTC (Bitcoin) from the listed currencies
  4. You’ll be provided with a Wallet address
  5. Copy that address
  6. Sign in to your Coinmama account
  7. Click on BITCOIN from the menu
  8. You’ll be provided with Bitcoin rate in EUR & USD
  9. Select your preferred currency
  10. Click the desired amount to exchange into Bitcoins
  11. You’ll be taken to the payment page where you can confirm your buying order of Bitcoins & you’ll be needed to provide your Bitcoin wallet address
  12. Past your HitBTC Wallet address

You’ll receive an email to confirm your transaction & Bitcoin wallet address. Follow the link in that email & your HitBTC wallet will receive the Bitcoins in some time.

How to Transfer Bitcoins From Coinmama to Mercatox

  1. Sign in to your Mercatox account
  2. Go to E-WALLET
  3. Click Deposit on BTC (Bitcoin) from the listed currencies
  4. You’ll be provided with a BTC deposit address
  5. Copy that address
  6. Sign in to your Coinmama account
  7. Click on BITCOIN from the menu
  8. You’ll be provided with Bitcoin rate in EUR & USD
  9. Select your preferred currency
  10. Click the desired amount to exchange into Bitcoins
  11. You’ll be taken to the payment page where you can confirm your buying order of Bitcoins & you’ll be needed to provide your Bitcoin wallet address
  12. Past your Mercatox BTC deposit address

You’ll receive an email to confirm your transaction & Bitcoin wallet address. Follow the link in that email & your Mercatox E-WALLET will receive the Bitcoins in some time.

How to Transfer Ethereum From Coinmama to Binance

  1. Sign in to your Binance account
  2. Go to Funds > Deposits
  3. Select ETH (Ethereum) from the menu
  4. You’ll be provided with a ETH Deposit Address
  5. Copy that address
  6. Sign in to your Coinmama account
  7. Click on ETHEREUM from the menu
  8. You’ll be provided with Bitcoin rate in EUR & USD
  9. Select your preferred currency
  10. Click the desired amount to exchange into Ethereum
  11. You’ll be taken to the payment page where you can confirm your buying order of Ethereum & you’ll be needed to provide your Ethereum wallet address
  12. Past your Binance ETH Deposit Address

You’ll receive an email to confirm your transaction & Ethereum wallet address. Follow the link in that email & your Binance wallet will receive the Ethereum in some time.

How to Transfer Ethereum From Coinmama to HitBTC

  1. Sign in to your HitBTC account
  2. Go to Deposit
  3. Select ETH (Ethereum) from the listed currencies
  4. You’ll be provided with a Wallet address
  5. Copy that address
  6. Sign in to your Coinmama account
  7. Click on ETHEREUM from the menu
  8. You’ll be provided with Bitcoin rate in EUR & USD
  9. Select your preferred currency
  10. Click the desired amount to exchange into Ethereum
  11. You’ll be taken to the payment page where you can confirm your buying order of Ethereum & you’ll be needed to provide your Ethereum wallet address
  12. Past your HitBTC Wallet address

You’ll receive an email to confirm your transaction & Ethereum wallet address. Follow the link in that email & your HitBTC wallet will receive the Ethereum in some time.

How to Transfer Ethereum From Coinmama to Mercatox

  1. Sign in to your Mercatox account
  2. Go to E-WALLET
  3. Click Deposit on BTC (Bitcoin) from the listed currencies
  4. You’ll be provided with a BTC deposit address
  5. Copy that address
  6. Sign in to your Coinmama account
  7. Click on ETHEREUM from the menu
  8. You’ll be provided with Bitcoin rate in EUR & USD
  9. Select your preferred currency
  10. Click the desired amount to exchange into Ethereum
  11. You’ll be taken to the payment page where you can confirm your buying order of Ethereum & you’ll be needed to provide your Ethereum wallet address
  12. Past your Mercatox ETH deposit address

You’ll receive an email to confirm your transaction & Ethereum wallet address. Follow the link in that email & your Mercatox E-WALLET will receive the Ethereum in some time.

So, now you know how you can transfer Bitcoins & Ethereum to your required crypto trading platform. Next is, which trading platform to use to buy which cryptocurrency? and which coin to buy?

Well, for that answer, you need to head over to the Cryptocurrency section of the website & select your favorite crypto coin!

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