Buying Cryptocurrency with Digital Currencies (Altcoins)

Noones allows you to buy cryptocurrency with other digital currencies or altcoins. This article will show you exactly how to do it.

Before trading

Before buying cryptocurrency with digital currencies, make sure you have enough coins in your wallet. Also, make sure you have studied all the specifics related to the cryptocurrency you chose and be aware of any possible transaction limitations or specialties. 


Searching for an offer:

The first step in buying cryptocurrency with digital currencies is to look for an offer that accepts the specific cryptocurrency you’re looking for. You’ll also need to enter the amount you wish to purchase and the currency you prefer.

Note: You still have to choose your preferred fiat currency as it will be used as a reference point to the cryptocurrency's market price. However, it is advised to choose USD as cryptocurrency worldwide price is set in this currency.

After you find a suitable offer, be sure to read the offer terms before opening the trade. This will show you a brief summary of what the seller will be requiring from you in regards to the payment. 

Once you have started the trade, a more detailed set of instructions will appear, which is called trade instructions. What the seller will require from you will vary depending on which specific cryptocurrency you’ll be using.

Note: The seller is responsible for providing you with a correct wallet address. Do not rush into making the transaction but double-check with the seller if the wallet address is final and 100% correct.

Creating an offer:

You can also create your own offer to buy cryptocurrency with digital currencies.

Here are a couple of tips for your offer:

  • Set a margin you find profitable as negotiations during the trade is not allowed
  • Write clear offer terms and instructions
  • Be clear which side is bearing the transaction fee if any

After creating and publishing your personalized offer, you have to wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and transfer funds to the wallet address provided.

Completing a trade

Once you have paid the seller and uploaded proof of your payment (transaction number), click Paid. If you don’t click this, the trade will expire and the cryptocurrency will automatically go back to the seller's wallet. 

The last step is for the seller to confirm the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the cryptocurrency to you and complete the trade. 

After trading

Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

Here are some other tips on how to buy cryptocurrency in Noones.


Articles in this section

See more