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Author Topic: [How To GoldCoin] A Quick Start Buying Guide for Beginners  (Read 10952 times)

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Offline Yahowah

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[How To GoldCoin] A Quick Start Buying Guide for Beginners
« on: August 25, 2013, 10:55:39 PM »
[ A Quick Start Buying Guide for Beginners ] V1.0

Welcome! You are about to embark on an exciting journey into the World of digital currency. The chances are you found this guide after watching one of my YouTube videos. So welcome aboard and thank you for visiting the official Goldcoin forum.

The following guide was written with you in mind:

Step One: [Download the wallet]

Digital currency is stored in a software wallet. Currently there are two type of wallets for Goldcoin. There's a wallet designed for your computer's desktop and one specifically built for Android smartphones. For the beginner, I recommend starting out using the desktop version. To download the wallet, simply visit http://gldcoin.com and select the download for your operating system from the options at the bottom of the page. Once installed you should open the application and allow the wallet to begin syncing with the Goldcoin network.

Step Two: [Open an account at Cryptsy]

The next thing you'll want to do is open at account at https://www.cryptsy.com. This is an easy and straight forward process. Once you have your new account, navigate to the Account > Account Balances page and click the "Deposit" link next to the Bitcoin listing. Now copy the deposit address shown (right click > copy) and paste the address somewhere on your computer for safe keeping. This is your unique receiving address for depositing Bitcoins into your Cryptsy account.

Step Three: [Buy Bitcoins at CoinBase]

For this step you'll need your checking account information handy. Go to https://coinbase.com and create your account. Follow the online instructions for linking your bank account and then place an order for the amount of Bitcoins you wish to purchase. A single bitcoin is probably just about right for your first purchase. You can also buy fractional amounts. Once you make a purchase, Coinbase will debit your US bank account. These bank transfers take 3-4 business days to complete. Until they are complete these transactions will be listed as "Pending".

Step Four: [Move Bitcoins into Cryptsy]

Once your Bitcoins post to your Coinbase account as described in step three above, you are ready to buy Goldcoins on Cryptsy. Login to your Coinbase account and navigate to the Transactions page and select "Send Money". In the fields provided enter the Cryptsy address you recorded in Step Two above and the amount you want to move into Cryptsy. Then click "Send Money". It will take about 30 minutes for these funds to become available in your Cryptsy account.

Step Five: [Buy Goldcoins on Cryptsy]

After the Bitcoins have confirmed in your Cryptsy account you should log into your account and navigate to the GLD/BTC pair in the left-hand column and click the pair. This will pull up the GLD/BTC page where you can place your order. In the "Buy GLD with BTC" box enter the amount of GLD you would like to purchase. The market price is already selected for you but you can enter a different price if you would prefer to enter a limit order. If you want to make sure you get your Goldcoins quickly, take a look at the sell orders and adjust your bid accordingly.

Step Six: [Move Goldcoins to wallet]

Now you are ready to move the coins from your Crypty account into your desktop wallet that you downloaded in Step One. While logged onto your Cryptsy account navigate to the Account > Account Balances page and click the "Withdrawal" link next to the Goldcoin listing. Now open your Goldcoin wallet on your desktop and click "Receive Coins" from the main menu. Copy the receiving address listed in the left-hand column and paste this address into the Withdrawal GoldCoin dialog along with the amount you wish to withdraw and account password. Click the "Send Form" button and verify the link you receive via email to confirm your withdrawal. That's it!

Congratulations! You have just purchased your very first Goldcoins!   ;D

..
« Last Edit: August 27, 2013, 02:11:28 AM by MicroGuy »
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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #1 on: September 22, 2013, 05:49:24 PM »
So I see you need a "checking account". My whole purpose of doing this is to leave traditional banksters behind. Any way to buy without a checking account?
Thanks

Offline dustint

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #2 on: September 22, 2013, 07:33:47 PM »
You can buy btc for cash in Vancouver B.C. Canada if anyone is near there  http://www.bitcoiniacs.com/     

Offline Stouse49

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #3 on: September 22, 2013, 07:47:04 PM »
We can add a topic that details the different ways to buy bitcoins in various countries.
GLD: E1A6WogjpqU3KjjoRUD63f7kofrFozmyfg

Offline FreakNet

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #4 on: November 27, 2013, 12:07:05 AM »
Oh [beep] thanks man, I never knew about cryptsy.com

Offline jhanna

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #5 on: February 13, 2014, 09:32:27 PM »
The growth of goldcoin will be a majestic upward trend.
GLD: EAyYu7RoDE3KekUT55bY49orJ3vmd5C6T7

Offline chillicrypto

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #6 on: March 12, 2015, 11:32:23 AM »
Nice little guide!

Will get some coins a little later today from Cryptsy.

Offline Rally777

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #7 on: March 25, 2015, 09:43:30 PM »
Hi MicroGuy,

Suggestion on 'A Quick Start Buying Guide for Beginners' starter.  It would be easier, for like me,  if you would add screenshots the steps you have described. I find it difficult to navigate and follow the steps with without corresponding image.

Regards,
GLD:  E1G99yvzQNR5d8V8xbeJEefMdBrEXa1QKB

Offline Yahowah

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Re: [How To GoldCoin] A Quick Start Buying Guide for Beginners
« Reply #8 on: March 26, 2015, 01:01:37 AM »
Hi MicroGuy,

Suggestion on 'A Quick Start Buying Guide for Beginners' starter.  It would be easier, for like me,  if you would add screenshots the steps you have described. I find it difficult to navigate and follow the steps with without corresponding image.

Regards,
GLD:  E1G99yvzQNR5d8V8xbeJEefMdBrEXa1QKB

Thank you for this suggestion. I think it's a great idea!

If someone in the community has a little time to create an updated guide, I can pay them some GLD for their efforts.  :)
"The heart of any cryptocurrency can be found in the spirit of its community."