Crypto Currency

How to buy/sell Bitcoin/Ethereum/Lite Coin

TAX Filing: Calculate all the gains/loss for this year. When filing tax, show the gains/loss as part of miscellaneous.

What is Crypto Currency?

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

How to trade Crypto Currency?

  • Create an account @ Coinbase
  • Check your email for verification
  • Login to Coinbase
  • Setup your checking account
    • You can do real-time Bank account setup using your bank user/password which is a standard procedure or you could do manual setup as mentioned below.
      • Enter your bank account number and routing number.
      • Coinbase will deposit 2 small deposits after 2-3 days 
      • Check your bank account after 2-3 days and if there are any deposits like few cents
      • Come back to Coinbase and validate your deposits.
  • Once bank account is linked, initiate required $$$ amount from your bank account to Coinbase
  • It will take 2-3 days for the first time.
  • Once you have money in your coin base account
  • Head to and log-in with your Coinbase Userid/password
  • On once you log in, on the topmost left side there is a drop down to choose options
    • Options like BTC/USD, ETH/USD, LTC/USD
  • Choose the option you want to buy.
  • Put a Buy limit to avoid any transaction fees
  • Same for Sell Limit to avoid transaction fees

Want to buy different coins (like Ripple, IOTA, MANA etc)?

SInce Coinbase/GDAX don't have support for other coins at this point in time, we can still trade at a different website. Here is the steps to open an account and start trading...

  • Create an account @ Binance
  • Check your email for verification
  • Login to
  • Funding into Binance
    • Since you cannot link your bank account @ Bianace, you can transfer Bitcoins from Coinbase/Gdax to Binance as mentioned bellow.
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Srinath 2017-10-28 06:49:48

Hold Ethereum for long

Srinath 2017-10-13 15:49:23

The Calm before the Storm -> BTC $5750 ETH $340

Guest 2017-06-21 20:39:28

Ethereum flash crashes to $13 before bouncing back to $296. Source:

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