Want to get started.

[vermillon]

Hi all I would like to get started in buying a couple of Shibu coins. Where is the best place to do this and how do I go about setting this up. Please could you provide me step by step how to do this correctly. I was going to go with altcointrqder based in SA but there service is dog shit to say the least. Thanks so much for any help.

 

[Confucius]

You can use binance although with the new regulations not sure if you can still use an SA bank. Then you can buy and store in binance.

 

[vermillon]

You can use binance although with the new regulations not sure if you can still use an SA bank. Then you can buy and store in binance.

Thanks, thought there would have been more then one reply but I appreciate your info

 

[EIA]

Hi , I use Altcoin Trader and have had no issue before.
If I may ask what issues have you run into ? Do you have any crypto accounts at all ? some wallets have exchanges in them so that's an option if you all ready have crypto in a wallet.

 

[vermillon]

Hi , I use Altcoin Trader and have had no issue before.
If I may ask what issues have you run into ? Do you have any crypto accounts at all ? some wallets have exchanges in them so that's an option if you all ready have crypto in a wallet.

Im completely new to this and honestly just want to buy Shiba coins for a bit of fun, my issue with alt trader is the reviews they have are basically all one star and their customer service when I needed help was near non-existent.

 

[EIA]

Ohh okay I see. I have never had to use their customer service so cant comment on that but its pretty easy to sign up. Just go to register and follow the steps to make an account. You will then go to the deposit tab and they will give you your personal reference number that you will use when you make an EFT from your bank. Then just go to SHIB and put in the amount you want to buy and at what price.

When you sign up you will be on level one and this will allow you to withdraw R15 000 in ZAR or crypto , when you hit your 15k limit you will have to upgrade your account and provide them with FICA documents. However you can deposit as much ZAR or Crypto as you would like and you can trade as much as you would like. The limit only applies to when you want to withdraw funds from Altcoin.

 

[Induna]

Thanks, thought there would have been more then one reply but I appreciate your info

Hi,



the first question is, do you want to store your coins on an exchange or in a desktop/hardware storage wallet. It is definitely NOT advised to store any coins on an exchange if you intend to keep it long term. The reason for this is, should the exchange you are using go "poof" then your coins are lost.

Best is to store it on a hardware/desktop wallet. You might have heard the saying "NOT YOUR KEYS, NOT YOUR COIN..."

Look into a desktop wallet, like Exodus Wallet, set it up properly (with your recovery phrases, etc.) and then try to buy SHIB from people who want to dispose of some SHIB and pay in Rands. The nice thing about Exodus Wallet is that it is one of the most trusted desktop wallets and you can also integrate the Trezor hardware wallet with it.

I must add that the SA exchanges are very slow to catch up with international trends. Luno, for instance, only offer a few coins that you can buy/trade (BTC, ETH, BCH, XRP, LTC, USDC), which is frustrating. This is not a favorable solution for people that are mining, as we do not only mine ETH or BTC...

 

[vermillon]

Hi,



the first question is, do you want to store your coins on an exchange or in a desktop/hardware storage wallet. It is definitely NOT advised to store any coins on an exchange if you intend to keep it long term. The reason for this is, should the exchange you are using go "poof" then your coins are lost.

Best is to store it on a hardware/desktop wallet. You might have heard the saying "NOT YOUR KEYS, NOT YOUR COIN..."

Look into a desktop wallet, like Exodus Wallet, set it up properly (with your recovery phrases, etc.) and then try to buy SHIB from people who want to dispose of some SHIB and pay in Rands. The nice thing about Exodus Wallet is that it is one of the most trusted desktop wallets and you can also integrate the Trezor hardware wallet with it.

I must add that the SA exchanges are very slow to catch up with international trends. Luno, for instance, only offer a few coins that you can buy/trade (BTC, ETH, BCH, XRP, LTC, USDC), which is frustrating. This is not a favorable solution for people that are mining, as we do not only mine ETH or BTC...

Thanks for this, I ended up setting up an account on Binance and found the process to be rather easy. So for now using them. Will look at getting a desktop/hardware wallet!.