Best Altcoin Exchanges For 2021
How To Save On Trading Fees Using BitSwapDex Io
How to Buy Altcoins (BEST Altcoin Exchanges 2021)
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Mar 22, 2021
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Best Altcoin Exchanges For 2021
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FULL TRANSCRIPT
00:00
Over the weekend, Ethernity Chain crushed it.
00:03
And I expect this to continue for a long time.
00:05
It’s an up-and-coming coin.
00:06
This one is just getting started.
00:09
But we received many comments this weekend about how to buy it.
00:12
It seems like with this mad rush of people into crypto recently,
00:15
there’s been a steep learning curve for people trying to learn how to buy coins.
00:19
Today, I’m going to show you how to use a decentralized exchange
00:22
in order to buy altcoins that aren’t on Coinbase or Binance.US.
00:26
Let’s get it!
00:32
BitSwap is the hottest new way to trade tokens.
00:35
Crawling all the top decentralized exchanges,
00:37
BitSwap gets you the very best price and value for your trades.
00:40
BitSwap is changing the game.
00:42
Try it now at bitswapdex.io.
00:45
Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.
00:48
My name is Ben.
00:49
Everyday on this channel, I show you how to make money in cryptocurrency.
00:53
If you like money and crypto, then make sure to subscribe for your chance to win one full Bitcoin.
00:58
In today’s video, I’m going to be showing you guys how to figure out where to buy altcoins
01:02
and how to use a decentralized exchange in order to make the trades.
01:06
So let’s go ahead and jump into the tutorial.
01:09
Okay, so it’s came to my attention that a lot of people that are watching the channel are newer.
01:12
You don’t necessarily understand how to use Uniswap or BitSwap.
01:16
You don’t know how to find tokens, where you buy them and things like that.
01:20
So we’ll do a quick tutorial on this.
01:22
So the first thing you’ve got to do is you’ve got to figure out where to buy the token you’re looking at.
01:27
So in this example, we’re going to use Ethernity Chain because a lot of people asked me over the weekend,
01:32
along with how to buy ECOMI,
01:34
so we’re going to talk about that, too.
01:35
So, let’s start here by going to coingecko.com.
01:41
Now, on CoinGecko,
01:42
all you’ve got to do is click up here,
01:44
and you can see the top projects that are being searched right now.
01:48
You guys can see Ethernity Chain is right here.
01:50
ECOMI is here.
01:51
But if they were not on this list, you would just search it.
01:54
So let’s search for Ethernity Chain.
01:57
So it comes right up.
01:58
Make sure you’re looking at the right token.
01:59
ERN.
02:01
So you click here.
02:02
And it will take you to this page right here.
02:05
This is the token page.
02:06
It shows you everything you need to know about the coin you’re looking at.
02:09
Right now, the price is coming in at $42.46.
02:11
I think it topped out at about $46– $49.
02:15
Wow, almost hit $50.
02:16
You guys can see $50, you know, being some resistance there.
02:19
But what you can do at this point is come down here and click this tab, Markets.
02:26
This is going to show you every place that it is available at.
02:31
So you have Uniswap as the No. 1 place to get it.
02:35
You have Gate.io and Bilaxy.
02:37
I’ve actually never used Gate.io or Bilaxy.
02:40
If it’s on a decentralized exchange and the gas fees are not super high at that moment,
02:45
I usually use that because it’s just easier. You don’t have to create an account.
02:49
It all happens seamlessly.
02:50
So this is how you find out where to buy it.
02:52
Now, you’re going to need what’s called the contract address.
02:58
And we’re going to talk about what MetaMask is,
03:00
how to add it to MetaMask,
03:02
how to search your token to actually make the trade.
03:05
But I also want to show you guys something because a lot of you guys are asking me about ECOMI.
03:09
So let’s go over here to ECOMI.
03:11
And you guys can see that when you go here,
03:13
and you go down to markets,
03:17
you guys can see that it is on Bitforex and BitMax, two centralized exchanges.
03:23
It’s actually not on Uniswap right now.
03:28
It’s actually not an Ethereum token.
03:31
You can tell that because there’s no contract address here.
03:35
And for the explorers, this one is on Gochain.
03:37
So you guys can see that right there.
03:40
But let’s go ahead and move on.
03:41
I’m going to show you guys how to buy Ethernity Chain and how to use this.
03:46
So let’s go back to the Ethernity Chain page here on CoinGecko.
03:51
So here it is, Ethernity Chain.
03:53
You’re going to need to install MetaMask.
03:56
If you look up here at the top right hand side of my screen,
03:59
you see the fox.
04:01
This is the MetaMask logo.
04:03
So I’ve already installed MetaMask on to my browser.
04:08
So for you to do that, just Google MetaMask extension,
04:12
and then you’re going to be able to see right here.
04:14
Make sure that you’re using, you know, the legit website, metamask.io.
04:19
Sometimes, Google Ads can have scams in them.
04:22
So you see one at the top that says Ad,
04:25
stay away.
04:26
So right here, if you click on metamask.io, it’s going to take you to the MetaMask website.
04:30
It’s going to show you how to download it.
04:33
It’s going to give you some description on what it is, how to use it, and things like that.
04:37
So if you just click Download,
04:40
it’s going to take you to the MetaMask download page.
04:44
You just click Install MetaMask for Chrome.
04:46
It’s going to take you to the Chrome Web Store,
04:49
and you’re going to install it.
04:50
Now, you can install this on Chrome or on Firefox.
04:54
I think they have it for Safari, but I’ve never used it for Safari.
04:58
So once you have this downloaded,
05:00
you’re going to enable it on your download list over here.
05:04
You’re just going to come down here, click on settings.
05:06
So once you’re on the settings page,
05:07
you can come down here to extensions and click this,
05:10
and it’s going to show you all the different extensions,
05:12
and, of course, you can, you know, check out the details or enable.
05:16
You just turn it on right here.
05:18
And then, of course, you can add it to your top bar up here,
05:22
so it’s available at all times.
05:24
So that’s how you install MetaMask.
05:26
So let’s show you how to use it.
05:28
Here, we’re on uniswap.org,
05:30
and you can click Use Uniswap,
05:34
and it’s going to take you to the actual app where you make trades.
05:38
I don’t use Uniswap.
05:39
I use bitswapdex.io.
05:41
This is my personal decentralized exchange aggregator.
05:45
This crawls Uniswap along with a ton of other decentralized exchanges
05:50
to give you the best price.
05:51
So I’m going to actually be showing you how to do this with bitswapdex.io,
05:55
but it does work with MetaMask as well.
05:57
Okay, so now I can connect my wallet.
05:59
I’m on bitswapdex.io.
06:01
Click Connect wallet.
06:03
Hit MetaMask.
06:05
It’s going to take you to this page where you’re going to connect your account.
06:09
So I made a demo account specifically for this purpose,
06:11
so I’m going to connect this one and hit Next.
06:14
And hit Connect.
06:16
And boom! Here it is. You guys can see, I’m automatically connected.
06:19
I have 0.2 ETH in this wallet.
06:22
Now, you’re going to come back over here to Ethernity Chain,
06:25
and you’re going to click copy.
06:28
So now, you’ve copied the contract address for Ethernity.
06:33
So I’m going to come back over here to BitSwap.
06:35
I’m going to search for this token.
06:40
I’m going to type that in there.
06:42
And that is going to give you the option to add it.
06:46
So click there.
06:47
And now, it’s going to be added to your list.
06:50
Now, you’ve got to figure out how much you want to buy.
06:52
So we’re going to buy 1 ETH’s worth, so we’re going to hit 0.1,
06:57
and then it’s going to automatically update with how much we’re going to be able to buy.
07:01
Then you’re going to hit Swap.
07:03
And hit Confirm Swap.
07:06
Now, we’re going to have to confirm it in our wallet,
07:09
so it shows you what the gas fee is.
07:11
The gas fee is $129,
07:13
so you probably are going to want to be swapping more than just a couple $100 worth,
07:18
or else this isn’t going to be worth it.
07:20
We’re going to hit Confirm.
07:22
And now, the transaction is going to be submitted.
07:25
It’s going to show up here in pending,
07:26
and it’s going to come through here in just a little bit and confirm.
07:30
So you guys can see, it has now gone through.
07:32
You guys see up here where it says Swap 0.1 ETH for 4.11 ERN.
07:37
You click here to check out the token explorer– Ethereum Explorer to see what it looks like.
07:43
And that’s it.
07:44
Then you go over here to your wallet,
07:46
and you need to add the asset here to the account,
07:50
so you’ll hit Add Token.
07:51
Hit Custom Token.
07:53
Put in the address.
07:55
It’s going to automatically pop up the token symbol and the number of decimals, at 18.
07:59
Hit Next.
08:01
Hit Add Tokens.
08:02
And now, you guys can see, it shows up in my wallet, 4.11 ERN.
08:09
It shows how much it’s worth.
08:11
And this shows your Ethereum balance up here.
08:14
That’s how you use MetaMask.
08:15
If you ever want to send this out,
08:17
you can click there and you can hit Send.
08:19
You can send it to another wallet or wherever you want to be.
08:22
If you have multiple accounts, you can transfer that between your account.
08:24
And that’s how you do it.
08:26
It’s that easy to use Uniswap or bitswapdex.io and MetaMask
08:31
to make purchases on decentralized exchanges.
08:34
So, guys, let me know what other tutorials you guys want.
08:37
What kinds of things do you guys want to see?
08:40
Make sure to drop those down below in the comments so we know what kind of tutorials to make.
08:44
That’s all I got.
08:44
Be blessed.
08:45
BitBoy out.