FAQS

SPECIFIC:

1. How to I get started?

It's very easy. Start with Bitcoin - don't worry, you don't have to buy an entire bitcoin, you can buy $100 worth or even 0.0000001 worth, that's part of the joy of it. However, in order to get $10 in BTC you have to deposit $100 into your Coinbase account. You'll get there, with credit, by clicking on "Buy Bitcoin" on this home page. 

Buy it with a CC to have "instant" Bitcoin or link a bank for slightly lower fees, although there will be a multi-day wait period. 

2. How do I buy Altcoins?

This is where we prefer to "invest," but it's just slightly trickier.

Let's take XEM for example:

- First, click on "Buy XEM" - make sure you've bought bitcoin first. This is a typical step in the process for buying most Altcoins, unless you are mining it directly, which isn't profitable for the little guy. 

- Once you've opened up the SpectroCoin page, create an account to get your wallet ID.

- Go back to Coinbase and Send BTC to the address in your SpectroCoin BTC wallet. MAKE SURE YOU ARE ONLY SENDING TO YOUR BTC WALLET, NOT YOUR XEM OR ANY OTHER WALLET.

- Once you've transferred your Bitcoin from Coinbase to SpectroCoin, you can then click "Exchange" and exchange your BTC to XEM.

Voila! Now you own some Altcoin. 

GENERAL:

1. Do I need a certain amount of money to get started in crypto currencies?

Not necessarily. Some exchanges like Coinbase require minimum payment amounts, which are usually pretty low (i.e. 0.01 BTC)! However, the cool thing about crypto currencies is that you can purchase fractions of PENNIES if you want to. For example, some coins are worth less then 10 cents, and you are able to buy 0.00001 of that coin, if you so please. 

2. Does it matter where I buy my Bitcoin, Ether, or other Altcoins from? 

Again, not necessarily. You can purchase them in a variety of ways, but some exchanges are more trusted than others and we tend to want to stick with those, as the industry is still so new and fragile. Coinbase & GDAX are good starting places.

3. Do I get a bonus for signing up through your links?

Yes. All of our listed exchanges offer some sort of kickback. We recommend getting started with the free $10 in BTC with Coinbase.

4. Can I day trade with crypto currencies?

Yes! This is one of the coolest parts about it. GDAX is a trading platform owned by Coinbase. Simply create a Coinbase account, transfer some BTC or ETH to GDAX and start trading immediately. I made 50% ROI in a single week with Ethereum earlier this year, and there are people who have done 100 times better than myself.

5. How to I setup or create a wallet?

Create an account on Coinbase, and they'll create a wallet for you. Another great thing about it is that they require two-factor authentication so that your coins stay safe.