Ultimate guide on how to
buy Ethereum on Bits Blockchain

Step by step overview on how to buy Ethereum on Bits Blockchain

Bits Blockchain is an exchange where cryptocurrencies and Fiat money are both offered.  This platform provides clear instructions in processing transactions from setting up an account to buying your first Ethereum.

The steps below will help you start trading Ethereum on Bits Blockchain.

  1. Sign-up for an account on Bits Blockchain
  2. Verify your Bits Blockchain account
  3. Secure your Bits Blockchain account by setting 2FA
  4. Fund your Bits Blockchain account
  5. Start trading on Bits Blockchain

1. Sign-up for an account on Bits Blockchain

To start, open the Bits Blockchain site. Once the website is opened, click on “Register” to create an account. 

Access your email and click on “Complete Your Registration” button.

Set up your password.

Perfect! You have created your Bits Blockchain account.

 

2. Verify your identity on Bits Blockchain

To secure your transactions on Bits Blockchain, you must verify your identity and get your account completely verified as well. After logging in, go to “Portfolio” and click on “Verify”.

Select your Account Type. I selected “Personal” in this example.

Fill out the form accurately and completely. Click on “Next” to set up 2FA.

Nice one! You have verified your identity on Bits Blockchain. 

 

3. Secure your Bits Blockchain account by setting a 2-factor authentication (2FA)

What is 2FA?
Two-factor authentication, also known as 2FA, is an extra layer of security or added protection which we refer to as multi-factor authentication. Not only the username and password are required but also a piece of information that only a user possesses. This process is to confirm a user’s claimed identity.

The 2FA process helps lessen the number of identity theft cases and as well as phishing via email. It would be harder for potential intruders to gain access and steal someone’s identity and personal data without that piece of information that only the account owner knows.

In the case of exchanges, what the user has are his/her login details such as the username and password. The form of 2FA that a user possesses for this instance is a token or code. The code can be received either through SMS on a user’s mobile phone or via applications like Google Authenticator or Authy.

To activate 2FA on Bits Blockchain, click on “Add New” under Two-Factor Security.

Scan the barcode and enter the generated number. Click on “Confirm” to complete the action.

Excellent! You have secured your Bits Blockchain account. 

 

4. Add funds to your Bits Blockchain account

It’s time to add money to your newly created and verified Bits Blockchain account. You can deposit currencies like Ethereum or Fiat money.

For Ethereum deposit, go to on “Funds” and click on “Deposit.”

Click on “Deposit Assets.”

Go to “Activities” to check the actions you’ve made.

For Fiat deposit, select on “Fiat Currencies”.

Awesome! You have funded your Bits Blockchain account.

 

5. Start trading on Bits Blockchain

You can now start trading using the funds that you have deposited on your Bits Blockchain account.

Go to “Trade” and select your preferred currency. Click on”Buy” to continue.

You did it! You just bought your first Ethereum on Bits Blockchain.

Transferring Ethereum from Bits Blockchain to other exchanges.

Transferring Ethereum from Bits Blockchain to wallets.

Which Cryptocurrency do you want to buy, transfer or store?

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Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.