Getting Started

There are a number of ways to invest in blockchain projects which vary both in the exchange/provider you use as well as the technological knowledge required.

We offer training services in all possible routes to investment but we recommend new users start with a simple method to start investing. 

 

As the blockchain industry grows so do the options available to users to invest and earn.

As a new user we would recommend going with a regulated entity who is legally bound to look after your funds, has regularly audits and is registered with local authorities. We will show you how to get going with one of these entities.

Step 1

Registration

 

As previously stated we recommend using a regulated entity that meets the complex legal requirements of being a cryptocurrency exchange.

Coinbase is the fastest growing exchange and recently had it’s IPO and is now listed on NASDAQ.

You will need to confirm your e-mail address using the link in the e-mail you should have now received.

You will also need to confirm your mobile number for two factor authentication (you want to keep your account secure!)

 

Step 2

Confirmation

 

Step 2

Confirmation

 

You will need to confirm your e-mail address using the link in the e-mail you should have now received.

You will also need to confirm your mobile number for two factor authentication (you want to keep your account secure!)

 

Step 3

Verification

 

Due to financial regulations (KYC) you will need to provide proof of who you are. You will need either your passport or drivers license handy.

You can upload this as in image taken from your camera or using your webcam on your computer.

(tutorial video)

You will now need to add a payment method in order to purchase tokens. You can add a credit card for the quickest and easiest way to make purchases.

However, we recommend setting up your bank account and making bank transfers as credit card purchases come with extra fee’s (but is a lot easier as mentioned).

 

Step 4

Funding

 

Step 4

Funding

 

You will now need to add a payment method in order to purchase tokens. You can add a credit card for the quickest and easiest way to make purchases.

However, we recommend setting up your bank account and making bank transfers as credit card purchases come with extra fee’s (but are lot easier as mentioned).

 

Step 5

Investing

 

You are now ready to start investing in blockchain projects. Your first port of call should be to thoroughly research any project you are considering investing in.

It is important that you understand what you are investing in and follow the golden invesetment rule:

“Don’t invest anything you can’t afford to lose.”

 

Buying On Coinbase

Fiat to Crypto

1

Login to your Coinbase account – you may need your two factor authentication handy. Click the buy/sell button in the top right of the screen.

2

In the popup select the amount you wish to spend, followed by the token you wish to purchase and the payment method you wish to use.

3

Check over the details (like payment type and investment amount) and click the buy now button. The tokens will shortly be in your Coinbase wallet.

Selling On Coinbase

Crypto to Fiat

1

Login to your Coinbase account – you may need your two factor authentication handy. Click the buy/sell button in the top right of the screen.

2

In the popup select the Sell tab at the top. Now choose the token you wish to sell and where to deposit the money to. Lastly type in the amount to sell.

3

Check over the details (like token type and sell amount) and click the sell now button. The GBP from the sale will soon be in your Coinbase account.

Coinbase Overview

The pros and cons

Benefits

Solid variety of altcoin choices: Coinbase offers many cryptocurrencies for investment, trading, and also staking.

Extremely simple user interface: Coinbase is perhaps one of the easiest on-ramps to crypto investing. It is easy to sign up and buy cryptocurrencies within a matter of minutes. It also has a learning program that pays users cryptocurrencies to learn more about how cryptocurrencies works.

High liquidity: Coinbase consistently ranks among highly liquid exchanges. This protects the investor from serious price slippage in an already volatile market.

User safety: Coinbase is a fully regulated and insured entity that complies with all UK regulation in the exchange of cryptocurrency. If you are trusting your coins with a third party they are about as good as it gets.

Drawbacks

High fees when not using Coinbase Pro: Coinbase has high fees compared to some of its largest competitors. Many newcomers who use the standard Coinbase platform will be subject to these fees unless they use Coinbase Pro which has more features that could be overwhelming to new crypto traders (unless trained by us!).

Users do not control their own wallet keys: When a user purchases cryptocurrency on an exchange, it is stored in a wallet that Coinbase has control over. This means that the user does not have autonomous control over their holdings, which, in essence, goes against the ethos of decentralized currency or finance. This can be avoided if the investor withdraws their currency to their own personal wallet, preferably a hard wallet.

Not a large enough variety of altcoins for altcoin traders: Coinbase has a good variety of altcoin options for newer investors to dabble in, but those interested in seriously trading of altcoins will not find a great selection here. That said, Coinbase plans to add more altcoins over time.

Looking for more?

Are you looking to make some serious investments and want to make sure you can make your own informed decisions?

Not sure how to read a token graph?

We tailor our packages to your needs so that you are armed with all the information you need to start making wise investment decisions.