What is the best way to buy and hold Alt. coins, I live in U.S.?

[stephenzen]

I'm new to this space (but not investing/trading in general, like stocks, etc.) and doing a deep dive. I'm in the U.S. What is the best way to buy these Alt. coins? Confused a bit about the path of least resistance. One that was recommended is to "buy Bitcoin on either Coinbase.com or Gemini.com, then open an account on the Bittrex exchange, then move some Bitcoin from your Coinbase or Gemini account to Bittrex, and then use, Coin Switch to change it to various altcoins. I'm thinking their MUST be an easier and shorter path than that! Please advise. Thanks so much!

[makishart]

Why don't you just use https://www.binance.us/en rather than coinbase?

What you have mentioned is a very complicated way to buy crypto. You can try to use binance US, it's trusted and reliable exchange site for US people

[Aaroenz0r]

It doesn't have to be that complicated. If you want to hold coins, you should prepare an account at the Trust wallet and an account at any big exchange. Once you have an account at Coinbase, you will dep usdt or your bitcoin on it and then you just need to buy the alts you want to hold. The next step is to Withdraw it to the Trust wallet and hold it for as long as you want. Just like that, don't turn it into many steps.

[tangtangup]

Coinbase doesn't have many type of altcoins so it's not a good choice. Binance US is good, CZ built it for only US market and there's no limitation to use it, as long as your money is clear.

[ecnalubma]

Binance is a good option https://www.binance.us/en, if you are looking for wide selection of good altcoins. If youre planning to keep your altcoins for longterm never leave your assets in exchange or custodial wallets on which you have no control over your altcoins instead secure a hardware wallet but make sure your altcoin is supported by the device.

[stephenzen]

Thanks for the responses, everyone. Can't figure out how to reply individually here so I'll just reply to all.

I've heard about binance.us and was about to look into that, thank you!

Regarding wallets, I have to learn more about them. I'm assuming Trust wallet is highly recommended, so thank you for that.

Are there any hard wallets that support the greatest number of alt coins so I don't have to open a bunch of them?

If there are any sites, youtubers, etc. that you highly recommend for education, etc. please suggest.

Thanks for all help here, greatly appreciate it!

Stephen

[Lorokan]

Thanks for the responses, everyone. Can't figure out how to reply individually here so I'll just reply to all.

I've heard about binance.us and was about to look into that, thank you!

Regarding wallets, I have to learn more about them. I'm assuming Trust wallet is highly recommended, so thank you for that.

Are there any hard wallets that support the greatest number of alt coins so I don't have to open a bunch of them?

If there are any sites, youtubers, etc. that you highly recommend for education, etc. please suggest.

Thanks for all help here, greatly appreciate it!

Stephen

Good to know you have taken time to learn and understand some basics.
To further learn more, check this thread for beginners. Beginners tip

[Febo]

I'm new to this space (but not investing/trading in general, like stocks, etc.) and doing a deep dive. I'm in the U.S. What is the best way to buy these Alt. coins? Confused a bit about the path of least resistance. One that was recommended is to "buy Bitcoin on either Coinbase.com or Gemini.com, then open an account on the Bittrex exchange, then move some Bitcoin from your Coinbase or Gemini account to Bittrex, and then use, Coin Switch to change it to various altcoins. I'm thinking their MUST be an easier and shorter path than that! Please advise. Thanks so much!

Buy on Kraken and hold in an opensource wallet where you hold your private keys. IF you plan to buy more it would be wise to also buy a hardware wallet.