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24 November 2017

How To Buy Ethereum or Bitcoin

This is a guide for everyone who is new to the crypto-community and would like to know how to get Bitcoin or Ethereum and be able to participate in the SophiaTX TGE.

Besides mining, which is a process of creation of new coins by using your computer power to solve difficult mathematical problems and thus verify the transactions, you can also simply purchase your Bitcoin or Ethereum online. There are various platforms and exchanges offering this service. You can buy Bitcoin or Ethereum using other cryptocurrencies or FIAT money as well.

Even though the whole process of buying and trading cryptocurrency may seem confusing to you, it’s actually as easy as doing a bank transaction. You will need to create a wallet that will hold your digital assets (basically a record of your Bitcoin/Ethereum transactions just like a bank account holds your transaction history) and your private keys. It can be either in form of a computer file, paper, hardware and mobile wallet or an online wallet using one of many providers.

Afterwards you will get your Bitcoin or Ethereum address which you can also share with other people as it serves similarly to your bank account number. This number is used for sending cryptocurrencies from one user to another. Bitcoin/Ethereum transactions, however, do not flow through a middleman – bank or any other payment system provider.

Once your wallet is ready, you can easily transfer your money using an online service and purchase the desired amount of Bitcoin/Ethereum. When you have some amount of Bitcoin or Ethereum you are ready to register for our SophiaTX TGE and get SPHTX in exchange for Bitcoin/Ethereum contributions.

Here are some examples of where you can buy Ethereum or Bitcoin instantly, even with a Credit/Debit card:

Coinbase.com

  1. Open a Coinbase account
  2. Add your payment method (Credit card or bank account)
  3. Go to “Buy/Sell” and select the amount of Ethereum or Bitcoin you desire
  4. Click “Buy”

CEX.io

  1. Open a CEX.io account
  2. Add your payment method (Credit card or bank account)
  3. Go to “Buy/Sell” and select Ethereum or Bitcoin
  4. Choose the amount of Ethereum or Bitcoin you want to buy
  5. Click on “Buy”

Coinmama.com

  1. Go to the following website https://www.coinmama.com
  2. Choose if you want to buy Ethereum or Bitcoin and the amount of Ethereum or Bitcoin you want to buy
  3. If you are not registered yet, you will be asked to do so
  4. Once you completed all the required registration steps, you can proceed and buy Ethereum or Bitcoin

Here are some additional resources where you can buy Bitcoin or Ethereum:


https://www.bitcoin.com
https://www.coinbase.com
https://cex.io/
https://www.buybitcoinworldwide.com/

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