All you need to do is head over to your BUYS pages and select the currency you wish to purchase. 6) Now you need to setup your funding sources (i.e how you plan on purchasing your Bitcoin or Ethereum). Your options are either using your Bank Account or Credit Card. Since you are reading this guide now and the plan is to use your BTC or ETH to purchase %NAME% (%SYMBOL%), I’d suggest using the Credit Card funding option. The best place to store the crypto you have bought is in wallets outside the exchange.
- Plus since your funding will be doing using the Bitcoin or Ethereum your’ve already purchased, the setup should take less time.
- Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us.
- However, you will be notified by email about your transaction.
- It has a completely different network and structure than the regular Bitcoin.
Finally, relay miners earn tokens by relaying storage on the third-party servers. The more bandwidth and storage they provide, the greater their rewards. The project also aims to overcome issues related to privacy, namely that consumption and distribution transaction records are transparent how to buy videocoin to government entities and providers. Coinomi is a software wallet that is compatible with Android, iOs, Windows, Linux, and macOS. This wallet is free of cost and has a 3-star rating if, in case it’s difficult for you to carry a hardware wallet, you can simply go for Coinomi.
Can I Buy VideoCoin (VID) with Ethereum?
Keepkey is a hardware wallet with the utmost security and supports ERC20 and multiple coins. This is an excellent option to go for, but Trezor and Ledger are better in terms of expense and security. It is a hardware wallet with high security and a 5-star rating. It costs around $65, supports ERC20 and multiple coins, and has fantastic reviews – this is the best option to go for. Come back to your Kucoin account and access your exchange wallets to check if the funds have arrived.
At the exchange where you are wanting to purchase %NAME% (%SYMBOL%) you will need to get your account’s BTC or ETH wallet ID. On most exchanges you’ll see a DEPOSIT button next to either BTC or ETH. When you click on it you should see (or be given a button to click to create) your wallet ID.
Step Three: Use your Bitcoin or Ethereum investment to purchase %NAME% (%SYMBOL%)
The best way is to store your VideoCoin in a secure wallet. Don’t leave your VideoCoin on an exchange, they may be at risk if the https://www.tokenexus.com/ exchange platform or your account get hacked. To transfer your Bitcoin from Coinbase to your Kucoin wallet, copy your address.
- As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe.
- Select the coin which you want to buy, VID if not available buy USDT,BTC, it can be exchanged to VID after.
- Choose your preferred platforms below and follow the guides to learn how to buy VideoCoin (VID) coin successfully.
- If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the VideoCoin.
- For now, we’re going to create our own Limit Order in the order section highlighted in the picture provided.
- Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
It simply means the blockchain network is still verifying your transaction. As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic. Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange.
Service
Find a good platform to exchange your VID to other cryptocurrencies. If you want to exchange it to regular currency, trade your VideoCoin for Bitcoin and exchange BTC into euro, dollars or any other currencies. You cannot directly buy VideoCoin using PayPal at this time. If you want to use PayPal, you will have to buy Bitcoin or Ethereum first and then exchange it for VideoCoin by using a cryptocurrency platform like Binance. KuCoin provides crypto-based services such as fiat to crypto trading, crypto to crypto trading, staking, futures trading, lending, and so on.
Here is a list of some best cryptocurrency investment tracking websites and apps that you can use. Limit price bascially says you want to purchase a certain amount of %NAME% (%SYMBOL%) at a specific price. If the price of %SYMBOL% 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. This is the current price %NAME% (%SYMBOL%) is trading at.
Can I Buy VideoCoin With Bitcoin?
If you are interested in crypto mining at home, I wrote up my story on How I started mining Bitcoin at home in 2021 which details out various easy to set up at home crypto mining rigs. Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying %NAME% (%SYMBOL%). Make your first purchase of Bitcoin (BTC) or Ethereum (ETH) at Coinbase. Whether you choose the robust Bitcoin or the dynamic Ethereum, you’re setting the stage for a promising future. 5) You should now be signed into (or be able to sign in) your Coinbase account.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets. Once you have your trading account setup at one of the exchanges that trades %NAME% (%SYMBOL%), you will need to transfer your BTC or ETH from Coinbase to that specific exchange. Many of the advantages of VideoCoin over existing video service providers are due to its leverage of the blockchain, which it does in several ways. Both encoding and storage are done via the blockchain, as these tasks get submitted to the network along with parameters for encoder configuration. Miners compete against each other to win bids and deliver the storage space or compute power. Using the CDN configuration parameters, distribution and retrieval tasks get submitted to the network.