Robinhood is a good example of a brokerage with cryptocurrency offerings. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. Once your deposit has confirmed, you’ll now have access to your funds and you can begin purchasing/trading. To purchase VideoCoin (VID) on Kucoin, you’ll want to click on the “Markets” tab and this will show you a library of coins to select.

The platform offers a lot of ways you can buy crypto and it supports Mastercard and various other payment options too. VideoCoin requires incredibly quick transaction times since it was built to power the video streaming on the network. It relies on a useful proof-of-work algorithm to use GPUs and CPUs’ hardware-accelerated https://www.tokenexus.com/vid/ video functions. It also has a unique proof-of-stake model that powers the decentralized video infrastructure, which itself is complex. Find a crypto exchange which allow pairing VID with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

The Team

If you’re interested in buying Bitcoin, you’ll first need to open an exchange or platform that allows Bitcoin trading. Below we cover our top picks for the best place to buy Bitcoin, along with why we’re fans. We also gather additional information from different sources to ensure we cover all necessary data or events. The first thing in order to get started is to create an account on KuCoin.

Cryptocurrency trading offered through Robinhood Crypto LLC. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. Depending on the investor, this could mean different things. For example, someone who is looking to buy their first Bitcoin and only plans to occasionally buy and sell the digital currency may want as simple of a user interface as possible.

Trade Bitcoin for VideoCoin (VID)

Despite being lengthy, the KYC process is easy to execute. Only after the verification you will be able to buy cryptocurrency. In order to buy Bitcoin (BTC) or Ethereum (ETH), which will later be exchanged into VideoCoin (VID) – you have the make an account on Coinbase. This article will cover the current exchanges where you can buy VID at the best prices. There are several exchanges a user can use to purchase VideoCoin.

You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. The cost to buy Bitcoin depends on the platform you’re using. This should certainly be a major consideration for you when deciding where is the best place to buy Bitcoin. Now enter the amount you want to buy and click the buy button.

Withdraw VideoCoin (VID)

Find a good platform to exchange your VID to other cryptocurrencies. If you want to exchange it to regular currency, trade your VideoCoin for Bitcoin and exchange BTC into euro, dollars or any other currencies. You cannot directly buy VideoCoin using PayPal at this time.