Are you ready to buy altcoins, but don't know how to go about doing it? Welcome to episode 2 of my cryptocurrency trading series, where I will teach you how to do just that!

In episode 1, I shared with you my mindset, beliefs and philosophy when it comes to investing in cryptocurrencies. I also shared with you how to buy Bitcoin, Ethereum and Litecoin, just by using Coinbase.

If you haven't already, I highly recommend that you watch episode 1 on my cryptocurrency trading series playlist because it lays the foundation for what I am going to share with you today. Every video is meant to build off of one another, and the content will get more advanced as we go along.

I would also encourage you to subscribe to my YouTube channel so that you can get notified about all future content that I publish! Are you ready to dive into episode 2 of my cryptocurrency trading series to learn how to buy altcoins and what my top 10 altcoins are?

Watch the video below:

(Click here to watch on YouTube)

Are you ready to start buying altcoins? CLICK HERE to learn more about Binance!

DISCLAIMER: Investing in Bitcoin or any cryptocurrencies are risky. As I've mentioned many times, I do NOT recommend investing money that you can't afford to lose. Nobody knows if Bitcoin will go up or down tomorrow – it's just speculation. For me personally, I consider the money I invest to be my “Vegas Money” – meaning, I'm gambling it. If I win, then I win big. If I lose, then I'm not surprised and it was money that I could afford to lose. That's why it's important not to invest a significant portion of your money into it. So if you do invest, I believe it's smart to start with smaller amounts.

Let me start off by saying that there are a lot of different cryptocurrencies out there beyond Bitcoin. In episode 1, I introduced you to Bitcoin, Etherium and Litecoin, which are some of the biggest ones on the market, but there are hundreds of other altcoins out there. Although none of them have as big of a market cap as what Bitcoin has, there is still a lot of potential to diversify your cryptocurrency portfolio with them.

Are you ready to learn how to buy altcoins?

Before you get into the cryptocurrency game, it's important to understand the risks associated with cryptocurrencies. It's not abnormal for you to see a cryptocurrency go up by 20% on one day, and then drop by 20% on another day.

This connects back to my investment philosophy and mindset, which is to never invest more than you can afford to lose. Let me be clear that you do not want to invest a significant portion of your net worth, portfolio, or assets into cryptocurrencies.

I believe that blockchain technology is the wave of the future. There is massive potential with it, but at the same time, it is volatile, so you need to be mindful of the risks.

At the end of 2017 many of the cryptocurrencies exploded in popularity. When that happened, everybody wanted to get in the game and start buying cryptocurrencies.

Oftentimes people think that, because everyone else is buying, that must mean that they don't know something that other people know, so they all jump in, blind to the risks of doing so. Similarly, when people are selling, everyone starts to panic and follows suit.

This is a mistake. Take it from the investment guru himself, Warren Buffett, who said – “Be fearful when others are greedy, and be greedy when others are fearful.” Yes, this may seem counterintuitive at first, but it works. When you go against what the masses are doing, oftentimes, that is where the potential lies to achieve the most success. This proves how important it is to have a long-term investment strategy in place from the start.

Watch the video above, where I share my screen and show you how to buy different altcoins.

Altcoins are known as alternative cryptocurrencies. They are basically any cryptocurrency that is not Bitcoin. Like I said, Bitcoin is the most popular cryptocurrency. It has the largest market cap, and is also the most expensive.

I believe that everyone should invest in Bitcoin. If you do, I suggest that you store your Bitcoins in a hardware wallet, like Trezor. This is the most trusted and secure way to protect your money.

The majority of my investment portfolio is Bitcoin because I believe that it has the most value. However, at a certain point, you want to diversify because you don't want to have all of your eggs in one basket. Although some of the altcoins aren't as established as Bitcoin is, there a few of them that I believe are worth investing in.

In episode 1 of my cryptocurrency trading series, I introduced you to Ethereum, Bitcoin and Litecoin, which are well-established and popular altcoins. However, there are others out there, like Ripple, Dash and Neo.

l like to use a website called, Capcoin, which gives you a ranking of the hundreds of different altcoins that are available. I like to rank my cryptocurrencies by the market cap, which is the overall size of how much money has been invested into that cryptocurrency.

Bitcoin has the biggest market cap out there, followed by Etherium and Ripple. When it comes to altcoins, every one of them is unique in and of themselves. They exist because people created them to solve problems or to try and improve things that they thought they could make better.

I like to think of altcoins as small businesses. Some of them will do great, but the majority of them will not. I like to invest the most money into the top 10 altcoins that have the largest market caps. However, at the end of the day, it's up to you to decide which altcoins you want to invest in.

I hope my cryptocurrency trading series tutorial has been helpful! I encourage you to do your own research and find a cryptocurrency technology or coin that you really believe in, and to diversify yourself amongst the most established cryptocurrencies on the market.

Check out my cryptocurrency trading series playlist and watch out for more content in the near future, where I will go deeper with this topic. Until then, happy investing!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Are you ready to start buying altcoins? CLICK HERE to learn more about Binance!