Coin Bureau - How to Buy Altcoins Step-by-Step (Beginners MUST Watch)

"Picture this: you’ve just entered the world of crypto. Exciting, right? You’ve heard the big names like Bitcoin and Ethereum, but now you’re curious about what else is out there… the up-and-coming projects, the hidden gems, the coins with real potential.

If you’re feeling overwhelmed or confused, believe us when we tell you that you’re not alone. Every new crypto investor faces the same big question: Where do I start? 

Don’t worry though, because we’re here to help. By the end of this video, you’ll know how to spot promising altcoins, what red flags to avoid, how to actually buy them, and how to store them. This is your fast-track guide to finding the crypto that’s right for you - one that could potentially change your life forever."

~ Coin Bureau

This video provides a step-by-step guide for beginners on how to find and buy altcoins, emphasizing an investor's approach over a trader's. It highlights three key words of wisdom: consistency, diversification, and understanding the difference between a trader and an investor. The video then guides viewers on how to research altcoins using coin tracking websites like Coin Gecko or Coin Market Cap, and explains the research process involving narrowing down the list of cryptos, checking their market cap, and ensuring they are listed on reputable exchanges.

The video further explains the process of digging deeper into a crypto project by checking interviews with founders, looking for reputable secondary sources, and reviewing the project's website and documentation. After a thorough research, the guide outlines the purchasing process, which includes setting up an account on a reputable exchange. It also explains how to deposit money, buy a stable coin as a base asset, and then convert it to the desired crypto. The final and crucial step is to withdraw the crypto from the exchange to a personal wallet, such as a hot wallet or a cold storage hardware wallet, for safety and full ownership.

TIMESTAMPS

0:00 Intro
0:36 A Few Tips To Start With / Toobit
4:35 Step 1: Identify Potential Candidates
8:17 Step 2: Surface Level Analysis
12:02 Step 3: Do Your Own Research (DYOR)
14:10 Step 4: Buy That Altcoin
16:35 Step 5: Store Your Crypto In A Wallet

Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=gAte2OCjOyU

Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.