How to buy other cryptocurrencies with ETH and BTC — Step by Step Visual Guide
Buying other crypto currencies is very easy but there is no direct method. Many crypto exchanges allow you to buy BTC, ETH or LTC but no those currencies which are new and not popular right now.
You may not want to miss on them
P.S. This is just a guide for education purposes. Proceed at your own risk. I won’t be responsible for your loss due to your mistake or the errors due to websites or blockchain. Try small amounts first before proceeding with large transaction to learn the ropes.
- Register here -> https://www.binance.com/?ref=11501212
To follow video guide => https://www.youtube.com/watch?v=dmN-EbRejWM&t=33s
2. After registration and completing your email verification, click on “Funds” in navigation bar and then click on “deposits withdrawal”.
3. I am using ETH to buy IOTA to demonstrate you how to buy other currencies. Now, click on “Funds” in navigation bar and then click on “deposits withdrawal”.
4. Type Ether in search bar and then click deposit. Copy the ETH Deposit Address. Copy whole of the address carefully and transfer your coin from your ether wallet to Binance wallet.
P.S. If you are using bitcoin, then copy bitcoin wallet address. Type BTC in the search bar, instead of ether.
5. Once ether arrives in your Binance wallet, check for your balance by going to funds -> Deposits Withdrawal and type ether in search. Now “Available Balance” will show you the amount of ether you have.
6. Now click on exchange on the left side of navigation menu and select Basic.
7. On the right side of the screen click on ETH. We are trying to buy IOTA coins with ETH so I entered IOTA in the search field and clicked on the result I got. See the red box in the image below so you won’t get confused.
8. To invest in IOTA, in a field named price box enter the last price. To check the latest price, scroll above and copy that price and paste in that box. Now in the amount box, experiment with highest amount of iota you can buy with your ether and then click buy iota.
9. Now wait for 5–10 minutes, your IOTA will arrive in your wallet. Check your wallet again by going to Funds -> Deposit Withdrawal
If you have any problems, ask in the comments and I will happily reply.