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How to buy Alt Coins in Australia

Home tutorial How to buy Alt Coins in Australia

How to buy Alt Coins in Australia

Dec 27, 2017 | Posted by Andrew | tutorial |

So you can buy Bitcoin, Etherum and the like – but what about other coins like Vert or Raiblocks – how can you buy these in Australia?

First of all you will need an account with either Coinspot or BTC Markets. In order to buy these Alt coins you first need to purchase either Bitcoin (BTC) or Etherum (ETH) and then transfer these to another exchange that supports your Alt coin of choice.

Once you have transferred to another exchange you trade your BTC or ETH for the alt coins. Currently most alt coins are traded for BTC – some exchanges also now are supporting ETH.

The top exchanges for Alt Coins are:

  • Binance
  • Bitrex
  • Polinex
  • Kraken

Once you have an account on an exchange that supports the Alt coin you want you will need to do the following:

  • Buy BTC or ETH on your main exchange
  • Send them to the wallet one of the listed exchanges
  • Now on this exchange you can trade your BTC or ETH for your Alt coin of choice

Happy trading!

 

Tags: bitcoincryptocurrencyetherum
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About Andrew

Andrew is a 24 year old from Sydney. He loves developing iOS apps and has done so for two years.

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