Bitcoin Forum

the question is in the title. Is it possible?

What a newbie question !!!

That's truly a newbie question, During the starting days of knowing about trading I too had the same thinking, whether it's possible to buy other cryptocurrencies with bitcoin. Later on explored more about the different trading pairs and in specific bitcoin to altcoin was much preferred by pro traders.

Why not? Now bitcoin is very much in the interest of people around the world. Someday it's possible that everybody chooses bitcoin as an alternative to purchase.

Yes it is possible when using a Bitcoin exchange, such as Bittrex, Kraken, Poloniex etc. The majority of altcoins can only be bought with Bitcoin.
It is also possible to exchange altcoins directly without having to buy Bitcoin by using https://shapeshift.io/.

  Hi are seriously asking this, are you new only this forum or crypto world too? because all other cryptocurrencies are connected with bitcoin, and yes of course it is possible to buy other cryptocurrencies via bitcoin Good luck

Actually, you can use your bitcoin to buy some cryptocurrency on online market. In addition to that, some cryptocurrency and asset has bitcoin and altcoin pair. However, the  mostly used to buy coin or altcoin is bitcoin because you pay it easily. Lastly, I also use bitcoin to buy some coin on online market.

Of course you can but if you wanna make profit you should carefully when choosing which coin will you buy cause somtime when you use your bitcoin to buy any other cryptocurrencies the price of that coin going down really quickly right after you bought it :)). It always happen to me when I start trading :)).

Yes of course. Trading is an example of buying altcoins with your BTC. You can also hold altcoins and buy them with BTC. Just like others I also collect altcoins using Coinomi wallet app it has simple feature that can exchange your BTC into other coins. Since I have received BTC payments from signature campaigns I had converted it into ETH and BCH. I tried my luck on altcoins but seems so hard to predict.

Of course you can buy other cryptocurrencies by using your bitcoin. There's a lot of method to do that, you can just go to an exchanger and change your btc to any other cryptocurrency or you can just make a deal with anyone here.

It is NOT fake, you can easy buy ( i'm pretty sure) any currency you find in coinmarketcap.

Example of use:

1)4110$ -change-> 1BTC            [ FIAT currency for crypto ]

2)then you can easy trade in poloniex, bittrex or kraken to buy other crypto

3)1BTC -change-> 13 733 XEM    [BTC for NEM].   

4)then you can hold, or trade

But remember that you can lost your money, so maybe better for the first time don't start with a huge amount of money. Watch few tutorials on YT  and try/ask here. Good luck!

BTC is the one of the only few ways to buy other cryptocurrencies. I think this is why it will keep going up as more ICOs are released and gain popularity.

Yes, and in fact, Bitcoin is the only option for international users to buy alt-coins from the specific exchange.

I am using Bitcoin to buy alt-coins because it usually takes more sum of amount for me if I am using my debit/credit card to make the same purchase from same exchange. You just have to trade BTC with ALT on any exchange and it is less time consuming than converting Bitcoins to any fiat currency (in a bank or as a cash).

I think this feature in bitcoin can be considered a basic. Most users use bitcoin for trading on the stock exchange. There are certainly those who earn only on that buys and sells bitcoin during spikes, but it's complicated. Bitcoin still has not become a full-fledged currency.

yes, it is possible and we call it altcoin trading noob. no offence but you should first research for the answers you want or just try to find that did anyone else has ever asked the same questions you are asking. if yes then continue on those topics and by the way crypto currency trading has more risk than Bitcoin trading because they are more volatile than btc.

Why dony you read and figure out how the world of crypto
works before coming here and displaying your ignorance, which
is quite comical.  But you're probably not a noob but an alt account
creating a topic so other alts can crap in it.

Of course we use it. Bitcoin can be exchanged with other altcoins in many altcoins trade sites.
My most preferred site is https://poloniex.com/

A lot of people are using this site. But it is not right to rely entirely on these sites. In the past we have experienced negative examples of this.

Actually, I use bitcoin to buy cryptocurrency on online market and using bitcoin is only option to buy cryptocurrency. Futhermore, most of trader use bitcoin to buy altcoin and if you buy some altcoin I think the best way to do is to hold it because there is possibility that you could earn much income and bitcoin.

Yes. Bitcoin is the most popular cryptocurrency and on the most exchanges most pairs include BTC. If for some reason you won't be able to buy the crypto  that you need for btc then you can exchange it to fiat or any  other crypto that is tradable for what you need.

I'm not sure if you're asking this question seriously, but the reason why Exchange platforms exist is exactly the answer of your question. You can make cross transactions and trades on exchanges. You don't even need bitcoin, erhereum is also functional like bitcoin on trading when buying other alts.

It is clear, to gain additional benefits I usually use Bitcoin to buy other crypto coins and trade them. Or rather a trader.

Ye you are going to need to use Bitcoin to purchase most cryptocurrencies because BTC is the king from which all other are/were born. It really is that simple.

Now, there are some others that you can buy directly from sites, but those are mostly tokens for ICO, not actually coins. :P

Sure bitcoin is commonly used for buying the other cryptocurrencies. We use to call the other cryptocurrency available as altcoin shortly as alts. Trading which is a very common way to earn bitcoin is basically buying the altcoin with bitcoin.
There is no shame in asking such questions boy. It is good for you to ask questions to clear your concept.

That's a simple basic learning in the system of trading platforms. In the world of cryptocurrences, the most convenient way to buy other altcoins is by using bitcoin. As long as that other coin is supported by that exchanges, then you are ready to go.

For how it is done, simply deposit bitcoin on that exchanges then execute the buying. Further simple instructions can be seen on the exchanges itself.

Obviously, as an altcoin trader most of the time I using Bitcoin for buying other crypto currencies. I am a regular trader. So I always try to buy other crypto currencies for Bitcoin. Because Bitcoin is the most popular altcoin. You can buy any coin by Bitcoin.

Only when i am going to invest, otherwise no one will do this to secure his money.

I don't think there is any other way of doing it. It is probably 99% of the way people buy other cryptocurrencies. The other 1% is probably when people deposit fiat into exchanges and buy directly from the exchange or they buy USDT and deposit that into the exchange. Though that is really rare, I think. The best way to buy other cryptocurrencies is to buy bitcoins first then buy others with btc.

You can do it on a exchange. And, if it's not a sudden necessary, do it when the alt price is downed.

anyway its all about earnings so we use bitcoin as our base since bitcoin is the most popular crypto currency though  you can use other crypto like eth or ltc since from other exchange they also offer those coins as base but most of the exchange uses bitcoin and its always bring benefits to those who understand how
the trading works for cryptocurrencies.

Sure.you can use Bitcoin to buy another crypto currency. You can also buy using ALT coin .It depends on you what kind of payment you would like to use.

That's it.
Bitcoin exchangers are primarily used for buying different crypto curencies and when you sell them to bitcoin you will receive them as well. Perhaps you are a trading partner so you do not know anything else. But study it out and learn it as well.

Most traders is doing that practice and I think that question be called by some a "newbie question" is not good at all because we do come from that stage of our forum life. You can even answer it yes or no. It won't be that hard than making fun to the one asking.

If all bitcoin fanatic will directly buy bitcoin it will be hard for them to gain it, But when altcoin rise in this industry many of the community here had their chance to earn bitcoin easily, if they know the coins is potential. With a low value traders taking the chance to buy a huge of it because the volatility of the price was unpredictable. Meaning, this is very much possible.

This question is in the mind of every traders.
Bitcoin itself is considered (is seen to be) a good investment.
And buying alts using bitcoin would be only profitable if the growth in alts with respect to fiat is larger than than the growth of bitcoins.

Actually it is one of the most common way of buying altcoin or vice versa, You can participate in the crowdsale of the new altcoin and buy it in a much lower price compared when it reaches common exchangers.   

Its quate funny question but he is a newbie so its very simple. When i was a newbie i created more funny question in this forum than this newbie.So i take it easily and everybody should take it easily.  The OP yes you can use bitcoin to buy any other cryptocurrency. And i think all the tradder use bitcoin to buy cryptocyrrency.

This is what i am always doing because this is the way i make money from trading. I always use my bitcoin to buy other cryptocurrencies or altcoins because i believe that it is better to use our bitcoin rather than putting it on a cold storage so we can have a chance to become millionaire for a faster process rather than slowly process which is holding.

this is way better and faster than using fiat. even if our goal is to have bitcoin we grow optimally, altcoin is the best way. Or trade precisely. Agree with above comment, it's better to buy crypto than just holding btc on cold storage.

Yes, but buying it has a long process and you need to pay also the fee.

If course you could. For me, since used to trade I always use bitcoin to buy other cryptocurency and I also sell those cryptocurrency to turn back it into bitcoin. I use bitcoin because comapared to other coins bitcoin has a larger price and more volatile. Yet, I prefer to use btc instead of other cryptocoin and I don't know the reason either.

Yes bitcoin is designed to be able to buy everything we want. One of which is altcoin, now there are so many exchange that there is internet. So you do not worry to want the altcoin you want to buy. There are many listed exchange, some of which are bittrex, yobit, kraken and also poloniex. You can buy altcoins whenever you want. This is the world of cryptocurrencies, where all free altcoins are used.

In last week's I bought some cryptocurrency  without analysis Btc situation and I paid dearly for that reson no one purchase coin this days stay safe.

Well most alts are bought through btc, you can't really purchase them through fiat except for alts like eth that are well established and have a huge following. You have to have btc if you're going to start to trade

Yes, you can use bitcoin to buy other cryptocurrency, choose the one you think it's profitable, but my self prefer choose to stay trade only in bitcoin, because i always lost if i trade cryptocurrency

I think you are new here, let me tell you it is possible to buy other cryptocurrencies using bitcoin,there are many ways to do it. I will start with trading first, In trading you can use bitcoin to trade and then after getting profits you can use those to buy other crypto coins and slowly you can build your portfolio of good coins. The other best things i recommend is Affiliate marketing programs provided by the cryptocurrencies website.You just need to promote their offers and sale so that they can provide you their cryptocurrencies for each sale or leads they get from your referral id.

This is really a very BASIC question with a very basic Answer which is "YES". You can able to buy other crypto currencies with bitcoin. Every new coins being listed on the market normally end up on having a btc value which as being said above you can directly trade it with this BTC/ALT. Some altcoins can be bought by Fiat itself which already on some coins but not all.

Yes.you can buy any altcoin other cryptocurrencies  used bitcoin.I am also buy some altcoin to use my bitcoin.Bitcoin is the most valuable cryptocurrency coin now.You have some bitcoin you can easily buy altcoin andb start trading.

A simple question , yes. As you have already heard. Bitcoin is paired with most altcoin. Read up more on cryptos.

Yes, very possible. When trading, people usually use bitcoin to buy other alt coins for their trading purposes. Because it is much easy to buy it using bitcoin than fiats. Mostly they do this in step by step procedure. Buying bitcoin, use them to buy alts, then trade to trade until they earn profits, then swap it back to bitcoin. Since you are a newbie, you are free to ask tips in the forum but I suggest to try and read some posts first so that you'll gain knowledge as to how crypto works.

What do you mean by no one buy coins during these days,are you referring to not to purchase the coins when the markets are down.If you are a serious investor ,the best time to enter is when the markets are down,make sure that you follow the trend and invest when it hits the bottom and that way you are sure that you will make a certain profit rather than entering when the markets are in a bull run.

There are many exchanges that people can convert there bitcoins in altcoins so i would like to say that one of them is wave wallet you can easily buy other coins there are many currencies there. That people can easily buy.

Only a newcomer or dump trader can skip the chance of buying coins especially bitcoins when the market is down. We all know that bitcoins are the best and it is very easy to grab them when they are going through dumping stage.

Those who buy bitcoins during dump are the luckiest of the all traders because bitcoins pump very hard after every dump.

i think yesterday is the right time to buy bitcoin, i saw the price is down but its bounce again and today the price is increase high. new comer will be panic if the price is down and selling their coins to make sure they don't missed the time to sell. but actually if they know that this is just correction because btc price is increase and if they can hold for a while, i am sure that tomorrow they will not disappear.

but i think today, btc price will be down again, i don't know why because my feeling said its strange if we take a look in the chart, in poloniex or bittrex, maybe its for another correction and i hope we don't missed the time to buy bitcoin again.

It's possible and I believe almost all the traders are doing it because it's possible to double or triple your account in just days investing in altcoins. Due to low volume and volatility, many altcoins are pump and dump everyday so its possible that if you have a position of a certain altcoin and it is not moving that much then there is a possibility that sooner or later it will be pump or if a coin has active developers and has a purpose then it would grow in value eventually because of its usability thus many people buy altcoin using bitcoin to grow their bitcoin amount not just its equivalent value in fiat.

Yes, also i want to explain another point. You can use ETH or USDT for buying altcoins. Most of exchanges have these 3 markets for buy altcoins. But Etherdelta is based only Ethereum for exchange.

It is a big yes, it is better to use bitcoin in buying the altcoins because it is the most convenient way especially if you have already keep lot of bitcoins in your wallet and also you will avoid some extra transaction fees if you use fiat or the dollar bill. Using bitcoin to purchase altcoins already exercising the art of trading which is vital to earn a huge amount of bitcoin someday.

This is very workable if you want to buy another cryptto with bitcoin in addition you can use another coin in exchange like the coin type ETH BCC and the other coin. but based on this question you seem to have not really understand about the exchange of course you have to do in the exchange is of course you must continue to monitor the development of the crypto market. this should be done so that you do not make mistakes in exchange activities in the crypto market. of course you will not get a mistake that causes losses when you do an exchange activity in crypto. this may be a little information that you can make for a lesson so you can do the activities dikripto trading the rest you can search for information with resource persons who can believe.

Yes, you can definitely do that, use bitcoin to trade altcoins. I actually consider it best and easy to use compared to trading altcoins with fiat currency or tether.

Certainly you can use bitcoin to buy other crypto currencies. Even many do this same work. I also bought few days ago  some coin. Now i get some profit. So you can use bitcoin for other coin.

Have you ever tried trading in your entire life? How do you think you are going to buy altcoins anyway? Sometimes you just have to research such topics in this forum and you will definitely find an answer. Anyway, let me give you something to ponder - go to this website https://www.poloniex.com and please do yourself a favor, create an account and then transfer your bitcoins to your poloniex btc wallet. After doing it, you'll surely figure out the answer to the topic.

@.@ why it not possible? people do this all the time. that is why we see many exchange like bittrex, poloniex...

Best it would be if implemented. Everyone here wants to earn bitcoins and once we are done with it, we all are mostly waiting for getting more and more.

So better plan it is, to make your bitcoins trade with altcoins and the market will give you two chances for selling altcoins later for bitcoins and you are getting bitcoins at double rate. Hats off!

Why not? if you can buy a Lamborghini using BTC you can surely buy altcoins using BTC in your suggested exchange site for me i like to trade in bittrex.

Yes, you can sell you Bitcoin for any crypto in the exchange you are using (i use bittrex) you can also buy or sell their.