Buying VideoCoin has become relatively easy. It can simply be done by PayPal, card, or even cash.
This is a small guide we’ve made to make your job easier.
So if you are interested in buying VideoCoin (VID), read it till the end.
Though people always say that buying cryptocurrencies from your debit or credit card is difficult, it is not.
Where To Buy VideoCoin (VID)?
There are several exchanges a user can use to purchase VideoCoin.
This article will cover the current exchanges where you can buy VID at the best prices.
Choose your preferred platforms below and follow the guides to learn how to buy VideoCoin (VID) coin successfully.
How to Buy VideoCoin with Credit Card or Debit Card?
The first thing you can do is to buy Bitcoins or Ethereum with your credit card from a VideoCoin (VID) exchange. These can later be changed into VideoCoin.
Follow these steps:
- Purchase Ethereum or Bitcoin from the crypto platform you prefer.
- Transfer the purchased Ethereum or Bitcoin to an exchange that supports VideoCoin.
- Finally, exchange the purchased cryptocurrency into VideoCoin.
1. Create an Account on Coinbase
In order to buy Bitcoin (BTC) or Ethereum (ETH), which will later be exchanged into VideoCoin (VID) – you have the make an account on Coinbase.
Click on “sign up” and enter your required information like name, location, password, and e-mail – make sure these details match your Photo ID. Otherwise, it can create trouble.
Coinbase is controlled by the US authorities and follows strict fiscal rules. As a result, they have to confirm your identity.
However, some time and effort are invested, but this makes Coinbase the most trusted and reliable way to convert ordinary currency into cryptocurrency.
2. Buy BTC with Fiat Money
Coinbase has to verify your account for safety. They will ask you for your contact number, verify your bank account or your card (credit or debit), will ask you to upload an image of your photo ID as well.
Only after the verification you will be able to buy cryptocurrency.
In case you purchase cryptocurrency through the card, your purchase will take no time, but the fees will be charged higher than the usual. If you make payment through the bank account transfers, it can take up to 7 days to receive your coins, but it will surely be cheaper than your card purchase.
Once your purchase details are verified, click on the buy/sell button, which happens to be on the top menu.
For example, if you are buying Bitcoin, simply click on Bitcoin and fill in the amount of money you are willing to spend or the number of coins you want to buy at the bottom of the page.
When you are done with all of these, just click on the “Buy” button.
The next thing you need to do is confirm your purchase.
Do this by clicking on the “Buy now” button.
By now, you have purchased Bitcoin, do not close Coinbase – this has to be used again.
Create an Account on Kucoin
Kucoin is a crypto exchange that was initially based in Hong Kong, now in Seychelles. It was introduced to the public in September 2017. KuCoin reportedly has about 5 million users from numerous countries and territories across the world. It is often dubbed the “People’s Exchange”.
KuCoin provides crypto-based services such as fiat to crypto trading, crypto to crypto trading, staking, futures trading, lending, and so on.
This exchange has one of the best compilations of trading pairs globally, boasting over 440 trading pairs supporting more than 250 assets.
KuCoin received support from two leading traditional venture capitals (Matrix Partners and IDG Capital) during their launch.
KuCoin also announced a $20m funding from these venture capitals during the end of 2018. KuCoin doesn’t expressly restrict American investors from trading on their platform.
However, American investors should decide if their country imposed any regulation against trading cryptocurrency on foreign exchanges.
Click “Sign Up” on the top right.
Create an account by entering your email address (or phone number) and a password (strong passwords for security).
On this crypto exchange, you’ll also be required to establish 2 Factor Authentication for extra security on your account.
3. Transfer BTC From Coinbase to Kucoin
The exchange policy may require you to undergo another KYC process that may range from half an hour to a few days in duration. Despite being lengthy, the KYC process is easy to execute.
After completing the KYC process, you’ll be given complete access to your Kucoin wallet.
If this is your first time making a crypto deposit, the deposit portal may appear intimidating, but don’t worry because it’s easier than a bank transfer.
You will see an “Assets” option on the top menu, hover the mouse cursor over it, then click on “Main Account (Deposit & Withdraw)“.
Search for “Bitcoin” and click on “Deposit“. A long string of numbers and letters will appear – this is your Bitcoin deposit address.
Copy the address and save it somewhere safe, you are going to need it soon.
Note: You should recheck if you selected Bitcoin only because if you send coins to the wrong wallet by mistake, they will get destroyed.
To transfer your Bitcoin from Coinbase to your Kucoin wallet, copy your address.
Go back to Coinbase, click on “Pay” on the left menu, and choose Bitcoin on your list of assets.
A recipient field will display, paste your BTC address. To be on the safe side, ensure that the address on the recipient field matches what you copied from your clipboard.
Click “Continue” to transfer the BTC to your Kucoin address.
After following all these steps, Coinbase might ask for your confirmation with your phone or password.
The transfer might take a little while to get into your Kucoin account.
Usually, it takes about 20 – 30 minutes to transfer the Bitcoin to your Kucoin wallet. It can take longer in busy times.
Come back to your Kucoin account and access your exchange wallets to check if the funds have arrived. If not, there’s nothing to worry about. It simply means the blockchain network is still verifying your transaction.
To view your balance, Kucoin will update it automatically. However, you will be notified by email about your transaction.
At this stage, you’re one process away from buying VID.
4. Trade Bitcoin for VideoCoin (VID)
On Kucoin, go to spot trading, you will see a string of fluctuating figures.
On the top left, you’ll see a search bar.
Select BTC since you’re trading Bitcoin with an altcoin.
After clicking on Bitcoin, type in “VID“, you should see VID/BTC, select it, and you’ll now see its price chart on the page.
There are two ways you can buy coins:
“Limit” order option: you can set the price at which you want to buy VID.
“Market” option: fills out your order at the best price automatically.
If you want to buy VID when it reaches a certain price, use the Limit order.
Enter the price you desire (in BTC) and the amount of VID you want to purchase, then click the Buy VID button.
If you want to buy VID at the latest price, click on the Market tab, then enter the amount of VID you wish to purchase. The order should be done almost instantly, and the coins will be added to your Kucoin balance soon.
You are now a proud investor in VideoCoin (VID)!
Best VideoCoin (VID) Hardware Wallets
Cryptocurrency transactions are one of the most popular things on hacker’s radars.
The best option to save your cryptocurrency is to put it in wallets.
It is a hardware wallet with high security and a 5-star rating. It costs around $65, supports ERC20 and multiple coins, and has fantastic reviews – this is the best option to go for.
Trezor also happens to be a hardware wallet with high-tech security. It is rated at 4.5 stars. Trezor supports ERC20 and multiple coins. It costs around $97. It is an excellent option to go for.
Keepkey is a hardware wallet with the utmost security and supports ERC20 and multiple coins. You have to pay $129 for Keepkey Wallet. It has a 3.5-star rating. This is an excellent option to go for, but Trezor and Ledger are better in terms of expense and security.
Coinomi is a software wallet that is compatible with Android, iOs, Windows, Linux, and macOS. It also supports ERC20 and multiple coins. This wallet is free of cost and has a 3-star rating if, in case it’s difficult for you to carry a hardware wallet, you can simply go for Coinomi.
Keeping your Cryptocurrency safe is very important. You have to look at it from all perspectives.
We all are aware of the frauds which are taking place these days. The hackers have reached a level where only exceptions can stop them. People have developed all possible means of stealing.
Talking about purchasing crypto, there are a number of advantages of investing in crypto-currency.
The asset transfers have become much more manageable, the transactions are confidential, you simply hold ownership of the currency, they give access to credit, and at last, they come with strong security.
Keep your hard-earned coins safe!
Best VPN For Crypto Trading
Cryptocurrency is decentralized by default, and because of this, users are completely responsible for securing their assets.
Although using a physical wallet helps you secure your assets in a safe place, using an encrypted virtual private network connection while trading your assets makes it more difficult for cyber predators to intercept your data digitally.
This is very important if you’re trading with public WiFi. NordVPN is easily on the list of the best paid virtual private networks. It’s strongly advised that you don’t use free VPN services because your data may be sniffed in return for the free service they are offering you.
Also, NordVPN has been in business for almost 10 years. It provides military-grade encryption, and you can even choose to restrict access from malicious sites and advertisements using their CyberSec feature.
With NordVPN, you have a vast number of servers (more than 5,000) in more than 60 countries worldwide to connect to. This VPN ensures that your connection to these servers is secure and hitch-free.
There is no limit or restriction on data or bandwidth. This also means that you can utilize the service in ordinary routines such as downloading large-sized files or streaming videos online.
It’s also crazy-cheap, and it’s considered among the most affordable VPNs on the market.
It goes for just $3.49 monthly.
Frequently Asked Questions
Can I Buy VideoCoin With PayPal?
You cannot directly buy VideoCoin using PayPal at this time. If you want to use PayPal, you will have to buy Bitcoin or Ethereum first and then exchange it for VideoCoin by using a cryptocurrency platform like Binance.
Can I Buy VID With Cash?
You cannot directly buy VID with cash. Even if some ATMs support VideoCoin, they are less than 1% of all cryptocurrency ATMs.
If you want to buy VideoCoin with cash, you will have to buy Bitcoin first and then exchange bitcoins for VideoCoin using a platform like Binance.
Can I Buy VideoCoin With Bitcoin?
Yes, you can buy VID with BTC easily by using Binance to exchange Bitcoins for VideoCoin.
Can I Buy VideoCoin With Ethereum?
Yes, you can buy VID with ETH by using a platform like Binance to exchange Ethereum for VideoCoin.
What Is The Best Payment Method To Use?
The cheapest way to do it is to buy BTC with your bank and exchange BTC for VID.
The fastest way is to buy it with a credit card, but the fees are higher.
How Can I Secure VID Once I Purchase It?
The best way is to store your VideoCoin in a secure wallet. Don’t leave your VideoCoin on an exchange, they may be at risk if the exchange platform or your account get hacked.
How Can I Sell VideoCoin (VID)?
Find a good platform to exchange your VID to other cryptocurrencies. If you want to exchange it to regular currency, trade your VideoCoin for Bitcoin and exchange BTC into euro, dollars or any other currencies.
Can I Mine VideoCoin?
No, VID can’t be mined.
Get more info on VideoCoin coin here.
VideoCoin Price Prediction and Price Movement
According to the most recent data, VideoCoin’s current price is $0.389540 and is now rated #548 in the entire crypto ecosystem, with a circulation supply of 159,052,899 VID coins and a market cap of $61,957,395 USD.
VideoCoin’s price has risen 50.32% in the last 24 hours, thanks to an increase in trading volume and market cap.
VID has recently shown promising potential, and now may be an ideal moment to invest.
While its market capitalization is still considered small, the price of VideoCoin can be quite volatile when compared to those with a larger market cap during strong market changes.
However, with consistent growth over the last 7 days, VID has the potential to grow even further and produce some very nice gains.
Please keep in mind that this analysis is only based on VideoCoin’s historical price movements and is not intended to be financial advice. Traders should always conduct their own research and be careful when investing in cryptocurrency.
Read more on VideoCoin price prediction/forecast here.