How To Buy & Sell Coins On CoinMarketCap (Step by Step) Full Tutorial
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Feb 6, 2024
How To Buy & Sell Coins On CoinMarketCap (Step by Step) Full Tutorial
View Video Transcript
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Welcome everybody into this new tutorial
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So let's take a look how we can buy or sell tokens here into the coin market cap
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This full tutorial I'm going to show you what is coin market cap. I'm going to show you how is this working
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If it's really possible to buy or sell tokens here into coin market cap
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I'm going to show you what we can do inside coin market cap and what we can do with this
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website and use it as a tool for your exchange and cryptocurrencies
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So let's start talking about what is coin market cap. So coin market cap is a website that provides the cryptocurrency market cap rankings, charts
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and more. So this website tracks capitalization of various cryptocurrencies by listing prices, their
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available supplies, the trade volume over the last 24 hours or market capitalizations here
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So there are bunch of tokens listed in here such as the price
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Let's say it's like a bible of the cryptocurrencies. So speaking about the concept of the cryptocurrencies into coin market cap, those can only be purchased
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on an exchange, whether that would be a decentralized or centralized in nature
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So since no exchange is superior to the other one, a fair price of a cryptocurrency is the
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average price. It is traded on a range of exchanges. So the service is calculating by the average price
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So that means since coin market cap is not an exchange for cryptocurrencies, you cannot
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buy or you cannot sell tokens inside this website and or application
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So that might be a misunderstanding speaking about buying or selling cryptocurrencies into
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coin market cap, because speaking about like, let's say this is like a bible for cryptocurrencies
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you're going to find all the information about the cryptos, but you cannot make trades inside
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the coin market cap application. But that doesn't mean that it can't be helpful for helping us to buy or sell cryptocurrencies
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So that's the reason why I want to show you what we can actually do here into coin market cap
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So the first thing I want to take a look here, I want to show you is the cryptocurrency section
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where you have everything about the cryptocurrencies. You can see it by ranking by recently added categories, spotlights, the bunch of things
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that you can filter if you want to take a look into tokens, but I'm going to go into ranking
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So what I want to do here is to look at the trending cryptocurrencies right now at the moment
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So I want to go into more as you can see, this one says flow. So this one at the moment, it's like the most popular here at the moment
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So what I want to do is to go into the view and community just in case that I want to
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figure it out. Why is that? Here you have the flow here, you have the price, the graphic, then how it's been going
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here for the latest day for the latest 24 hours. So I want to go into seven days to take a look at this token as you can see this one
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So let's say that I want to go into the latest three months. So as you can see, this has been not going so well in this month, but now it's going
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it's getting a lot of volume here. So if I choose on the last year, I'm going to see that this token, the value of this
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token was like $25 and now it's going really, really down into a little bit more than $8
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The flow social estimate. So if you want to buy this token, you can totally do that into your exchange
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So I can go into my Binance account, I can go into my wallet, my fiat and spot and see
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if this token is available to buy into this exchange. So I'm going to go once again into the search coin
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I want to select a flow and here it is, it's actually available to buy it
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So I can select the option that says buy and I can buy my token really quick
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Now, if you're willing to buy new tokens, they are recently added
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We can take a look here into coin market cap, the recently added. So I'm going to go to cryptocurrencies
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I'm going to go into recently added. And as you can see here, you have like the first one says FIFA World Cup fans, but they
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on the latest hour and the latest 24 hours is not going so well
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So I don't want to take a look at this. At the moment, I want to take a look into, for example, this Chihuahua token
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So I want to click in here. So I'm going to take a look at how it's been going so far
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So the price has started right now. I'm going to go into seven days
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If I know that I can gain some dollars in here and I want to convert here some tokens
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let's say for example, that I want to buy this token, right? So the amazing thing here into coin market cap is that we can use this information to
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buy it. So as you can see, this option says contract. So what you guys want to do is to copy this address
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And you want to look for a website called pancake swap finance slash swap
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In here, what you can do is to trade almost every token
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So let's say, for example, that I have just a few, I'm going to go into my wallet
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And what I want to do is to copy the contract in here, you need to make sure this is a smart chain
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And what I want to do is to go in here, and I want to paste the address
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So now what I want to do is to say I understand and I want to import this token
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So if I want to buy this token, I just need to select the balance in here, I just need
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to go into swap. So in order to see that transaction, you can go into your Binance smart chain here into
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the meta mask, I want to import my token, I'm going to paste the same token as we just had
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And I want to add my custom token so I can import it. But in here, so once the transaction has been done successfully, I'm going to see here
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my transaction has been already been done. So once I add it here, my token into meta mask is going to be popping up a new notification
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window token, I want to close this real quick. And as you can see, here's my balance
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So I want to go back into my meta mask. And what I want to do is to go into my assets
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And as you can see, here's my tokens that are not available into my meta mask
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For example, let's say that I want to make a transfer from Binance into meta mask
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So what I want to do is to go into my wallet, I want to go into my fiat in spot
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And once I am in here, what's going to happen is, let's say that I want to look for a hard token
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For example, I want to go into coin market cap. I want to go into some ranking tokens
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And I want to look for a token that works into for example, maybe avalanche in here
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So what I want to do is to copy this address. As you can see, it says contract address, I want to copy this address, or you can add
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that to meta mask. But for example, I'm going to go into meta mask
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I want to choose a smart chain. And now in here, I want to go into import tokens, I want to paste the contract address
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which is AVEX. So once I feel that once I import my token, I can copy this address, I want to go back
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into my Binance and look for the AVEX token, I want to choose withdrawal
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And it's going to be asking us for an address. So that's the reason why we copy the address from meta mask using this smart chain
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So I want to paste the address in here, the network shall be smart chain
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Yes, I'm pretty sure. So you enter the amount that you want to send and you go into withdrawal
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And you might see the reason which is going to be appearing in here. So while we use coin market cap into this specific situation, because after we make
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the transaction, you might not see reflected your money, your assets inside your wallet
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because you don't see the AVEX token inside your assets. So that's the reason why we went into import tokens, we figured out how to paste the contract
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address from coin market cap. And as you can see, it's been already added
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So it won't let me to do that again, just get into continue, and you might see that
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your assets are not available. And lastly, guys, what I want to show you here into coin market cap, you might not gain
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real money inside coin market cap, or tokens. But what you can do is to earn something called diamonds in here from coin market cap
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And in order to gain that first, you need to have your account, you can create one just
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by signing up with your Binance account. So what I want to do is to go into sign in and fill my information right in here or use
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Binance account if I go into the login section, but you don't have to worry about that because
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I'm going to leave you a link down below in the description guys, so you can sign up
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totally for free and you might get a few rewards just by signing up
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So now that you have your account already opened, you want to go into this little icon
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of diamonds, it's coin market cap diamonds. And basically you can earn some rewards just by signing in
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As you can see, we can collect our daily diamonds just by checking in here
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And if you logged in for seven days in a row, you might end up to 50 diamonds just
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in one day. So there's a very easy way that we can earn some diamonds
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And if we are talking about earning avatars, mystery box, NFTs and all that, just by using
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your diamonds, your daily diamonds that are totally for free, well, you are gaining a
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lot of things totally for free here into coin market cap. And of course, you have the referral program here
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So enter in here into coin market cap, you and the other person are going to gain a hundred
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diamonds just by signing in. So there's another way that you can earn money
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So now we know how to the coin market cap works. We know how to use cryptocurrencies
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We know how to use these tools. We know how to learn here into coin market cap, creating some portfolios in watchlist
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also the watchlist and the portfolio section. If you go into the watchlist, for example, in here, you can look for a specific tokens
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that you want to see. For example, as you can see, there are a bunch of tokens that I have here
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Let's say, for example, that I'm not interested into this watchlist section
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So let's say I go into more. I want to edit. Let's say I want to look for a brand new watchlist
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I want to make this public. I want to create my watchlist and I'm going to go into add coins
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So let's say, for example, that I want to look for the token that you choose to add into our Metamask, which is the Chihuahua token
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I want to select this one. I'm going to select one coin so I can track this coin right now. Right
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So it's really, really easy just to track this specific token. And speaking about the portfolio section, if you go into the portfolio, you can create
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your own portfolio. For example, I want to go into create portfolio
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I want to create once again brand new. I'm going to go into create portfolio
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And now what you can do is to add some tokens that you already have here
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So I'm going to go into brand new. I'm going to go into add new
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I'm going to look for the token that we just purchased, which is Chihuahua token
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And it's going to be asking you how much you have. So what I want to do is to look for my token, which is right in here
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And I want to paste it. This is the quantity here, the price. It was the same that we just purchased and I want to add the transaction
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And as you can see, I have $2 of this token in here
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So let's say for example, that I want to sell that once my holding says $10 or maybe $20
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So it's really easy to have here your money on one portfolio
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Let's say, for example, that you have cryptocurrencies and phantom wallet and Metamask wallet and
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Binance and Coinbase and you want to gather everything just in one portfolio
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Well here into CoinMarketCap you can do that just by having here everything in your portfolio
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and you can create more than just one portfolio. As you can see, I have another transactions
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So there are a bunch of things that we can do into CoinMarketCap. Once again, guys, hopefully this was a very useful information for you
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Thank you so much for watching this video. Don't forget to like and subscribe to this channel
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If you want to see more about this CoinMarketCap application. It's been a major pleasure and I'll see you next time
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