A Step-by-Step Beginner’s Guide

Buying cryptocurrency doesn’t have to be complicated!

Follow the steps below to get started investing in SpaceCoin (SPACE).

Step 1: Buy Bitcoin (BTC)

Exchange your fiat currency for Bitcoin at a top exchange.

I use Coinbase because it is one of the longest running and most reputable places to buy Bitcoin. It also has a well designed and easy-to-use interface.

Coinbase homepage

After signing up and ID verification, you can buy Bitcoin with major currencies (USD, EUR, GBP, etc.) via online bank transfer or with credit/debit card.

Coinbase is currently available in these countries.

Other good places to buy Bitcoin are:

Step 2: Open an account with an exchange that trades SpaceCoin

Now that you have some Bitcoin, you need a place to trade it for SPACE.

Here is a list of online exchanges where SPACE can be bought and sold:

    Exchanges are listed in order of trade volume (descending).

    This list is current as of March 2018.

    Step 3: Get your Bitcoin address

    After opening an account at one of the exchanges above, obtain your BTC wallet address.

    The details for obtaining a wallet address vary from exchange to exchange, but it is usually relatively straightforward.

    Make sure to get your “deposit” or “receiver” address.

    It will be a long string of random characters, looking something like this:

    1Nk7sb84BC9qeuVj12TL25cqHTN9zuByVc

    Copy this address for the next step. (Your own unique address of course, not the address above!)

    Step 4: Send Bitcoin to your new wallet address

    Send Bitcoin from your Coinbase account (or any other account/wallet funded with BTC) to your receiver BTC address from the step above.

    Send BTC Coinbase screenshot

    Step 5: Trade BTC for SPACE

    After you receive the BTC in your “secondary” exchange account (it usually takes a few minutes) you can trade it for SpaceCoin within the exchange.

    The details for trading currencies vary depending on the exchange.

    Generally, you will look for the SPACE/BTC trading pair and buy or “place an order” to buy SPACE with your BTC balance.

    Your order may fill immediately or after a short while. If there is a delay, it is usually to find sufficient matching “sell” order(s) for your buy order.

    Voila! Now you have some SpaceCoin 🙂

    About this guide

    This is intended as a beginner’s “101” guide that provides a fast and easy route for acquiring SpaceCoin.

    There are many subtleties and best practices (such as using secure passwords, 2-factor authentication, etc.) to consider when buying digital currencies. There are plenty of sites out there that provide a wealth of information about cryptocurrency and altcoins. The point of this guide is to simplify the discussion a bit for the general goal of purchasing SPACE. As always, use common sense.