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      "body": "![Skærmbillede 2018-02-18 kl. 19.28.07.png](https://steemitimages.com/DQmc8aYgXoopzDCWh6iXX4Yd5wraFCyMLZa624GLLSxidri/Sk%C3%A6rmbillede%202018-02-18%20kl.%2019.28.07.png)\n\nEthos explained:\n\nEthos is a new platform designed to spread the everyday use of cryptocurrencies to the general public. Ethos really wants to create a people based economy service that makes the cryptocurrency market accessible and trustworthy to the average user, and to the new users. Ethos goal is accelerating adoption of blockchain technology, and democratizing ownership of both traditional and digital assets. Ethos used to be known as Bitquence and is now just a rebrand of the name. Ethos with ticker BQX on Binance Exchange.\n\n\nhttps://www.youtube.com/watch?v=rZeN-jQGixg&t=176s\n\nAdvantages of Ethos\n\nUniversal wallet  An universal wallet that allows you to safely store and manage, and further monetize your crypto assets in one place while maintaining complete control of your private keys.\n\nSecure key management – State of the art digital security and cold storage ensures that your assets are safe and under your control.\n\nLiquidity network – Deposit, withdraw, send or exchange any of your assets instantly with maximum liquidity on the ETHOS Liquidity Network.\n\nMobile support – Manage and monitor your coins on the move. Mobile support is a priority for Ethos so that consumers can have access to their coins wherever they go. ETHOS will be free to send to any phone number, email or Ethos ID.\n\nOne-click diversification – Instantly diversify your holdings into several different currencies, diversifying risk and enabling customized exposure to the cryptocurrency market. Set the splits yourself or use pre-set baskets for idea generation.\n\nSocial trust ecosystem – Leverage the power of the crowd and invest smarter with rich community consensus features, ratings and reviews. Get rewarded for sharing valuable insights with others through Ethos Social.\n\n\n![Skærmbillede 2018-02-18 kl. 19.32.34.png](https://steemitimages.com/DQmbmsAC28MuvzhNjeXWKoo4aNEmeQVmbDpKD3UBCdX98tj/Sk%C3%A6rmbillede%202018-02-18%20kl.%2019.32.34.png)\n\nComparing the Ethos Wallet to other choices out there\nFiat and Diversification Layer – Users will be able to go seamlessly from depositing funds to diversifying across preset or custom baskets using the fiat and diversification layer. This system includes a unique legal structure with a fiat/diversification system whose capabilities are amplified by the Ethos liquidity network tokens.\n\nHow Does the Ethos Token (ETHOS) Work?\n\nThe Ethos ecosystem will have its own ETHOS token. That token is a functional token that can be used on the platform to access various features, incentivize community building and value creation through a dynamic reward system, and pay for fees. It’s the fuel of the ecosystem.\n\nAs ETHOS becomes more liquid over time, the token can also be used to rebalance individual portfolios. As trading activity on the platform increases, the platform will have its own ETHOS liquidity pool, allowing users to shift allocations between various currencies quickly and easily using ETHOS as a transfer mechanism.\n\nWith that in mind, ETHOS tokens will play the following roles on the Ethos platform:\n\nServe as a payment mechanism for accessing and using services on Ethos\nPay for transaction fees and API calls\nEnable liquidity to help with changes in user asset allocations\nFuel a dynamic rewards and reputation system\nEnable users to transact with each other\n\n\n\nResources:\n\nEthos website https://www.ethos.io/\n\nWhitepaper http://www.ethos.io/Ethos_Whitepaper.pdf",
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      "author": "danish.crypto",
      "body": "![Skærmbillede 2018-02-18 kl. 15.29.20.png](https://steemitimages.com/DQmTgQFRqqMFRTN2k6UexRbp8xQVjvBqoqViTSiq55oTPdu/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.29.20.png)\n\n\nSo you’ve decided to step into the world of cryptocurrency. You’ve bought your first Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) on Coinbase, and now you have friends talking about XRP, NEO, Dash, WTC etc. Coins such as these are what we refer to as altcoins. These coins cannot be bought on Coinbase. They need to be bought on different exchanges. My personal favorite exchange is Binance. Binance is a secure exchange that many people use. I like that Binance fees are halved because they have their own currency, Binance coin(BNB), which, when used to pay your transaction fee, will cut your fee in half! The guide below will explain just that.\n\nREGISTRATION\nTo register for Binance use the link below. My referral link is there and I would appreciate it, if you used it.\n\nhttps://www.binance.com/?ref=11503810\n\n![Skærmbillede 2018-02-18 kl. 15.27.47.png](https://steemitimages.com/DQmYjXA4WF5Kn76zF7SygBD92HEU5urRVTyZXirH29GEBok/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.27.47.png)\n\nClick on the register button and fill out all your information. Click register button and check click on the confirmation e-mail sent to you.\n\n\nTHIS NEXT PART IS IMPORTANT TO PROTECTING YOUR FUNDS AND INVESTMENT.\n![Skærmbillede 2018-02-18 kl. 15.30.26.png](https://steemitimages.com/DQmW4GqUMFgNbZjWDGyKsV1tjpsAcx3STuzDpqUYXzQuY1P/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.30.26.png)\n\n2FA or Two factor Authentification basically adds another level of security in addition to your password. So even if someone hacks your password unless they also have the Google Authenticator code from the app they cannot log in. In addition to being the more secure option, Google Authenticator is the only one available for those of us not in Mainland China.\n\n![Skærmbillede 2018-02-18 kl. 15.36.08.png](https://steemitimages.com/DQmcB1iiv9rRhejDfFCgMEFFtrwvYDF7x4WgVLgnp9FXqdH/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.36.08.png) \n\nOpen your Google Authenticator app and hit the red + button below then scan the QR code on your screen and enter the 2FA code given to you from the app. Congratulations you’re now protected!\n\n![Skærmbillede 2018-02-18 kl. 15.38.27.png](https://steemitimages.com/DQmQnSC6A5sG7AQ1K6VBpL74ANmiv86P6gJNi7ExDVTHjz7/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.38.27.png) \n\nTransferring over coins from Coinbase\n\nNow that you have Binance set up, you need to transfer your funds from Coinbase (I will be using Ethereum as an example).\n\n1. Log in to Coinbase and go to accounts as seen below\n\n![Skærmbillede 2018-02-18 kl. 15.41.00.png](https://steemitimages.com/DQmb9oCWp3iKtSBvDwgmHNuDFbaLjuXhEKpf2V4zwNwFXmq/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.41.00.png) \n\n2. Click on Send. Now you will see this\n\n![Skærmbillede 2018-02-18 kl. 15.42.20.png](https://steemitimages.com/DQmdgNvzC2iadzagZCFGhSya83Veb7Kj7ns9kQLjcigRrR6/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.42.20.png)\n\n3. Go to your Binance account and go to Funds then Deposits and Withdrawals (This is also how you check your coin balances in the future).\n\n![Skærmbillede 2018-02-18 kl. 15.43.22.png](https://steemitimages.com/DQmWY1Z5FLtwEWCmYSFL9TjykisTu4mngrDxNHypUwVA8vK/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.43.22.png) \n\n4. Search for the coin you are trying to deposit (Ethereum in our case) and click.\n\n![Skærmbillede 2018-02-18 kl. 15.44.54.png](https://steemitimages.com/DQmbJK51MzUh7HJgEzjaizpA3doSe1aQeBq1iBDks2WHHX1/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.44.54.png) \n\n5. Copy and paste the ETH Deposit Address into the Recipient box in Coinbase and enter how much ETH/USD you want to send and click continue… Your Ethereum is now en-route to the Binance exchange (Depending on network congestion, this could take a while, although usually with Ethereum transaction times are shorter).\n\n![Skærmbillede 2018-02-18 kl. 15.46.40.png](https://steemitimages.com/DQme7Y3wsSfKjfnk9Wvs6PAkvKSLHvXK69VJaTvr2Siw9kq/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.46.40.png) \n\nTrading\nOnce the incoming Ethereum hits your Binance account, you are now ready to start trading! Go to the Exchange tab and click Basic and you should see the screen below. Don’t worry about all those numbers and figures! They may seem very over whelming but for the purposes of this guide we will be ignoring them.\n\n![Skærmbillede 2018-02-18 kl. 15.47.50.png](https://steemitimages.com/DQmZ3mxbmM2mbkH6BV7EXB4TvvxKDU5qySB6eASHowfD1iR/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.47.50.png) \n\nLike FOREX trading Cryptocurrency is traded in pairs. It will always be ETH/BTC, BTC/XVG, BTC/WTC, etc. Most coins are traded against BTC although some also support ETH and LTC.\n\nFor our example I will be using the coin XVG.\n\nSearching for the coin\nClick on the ETH tab on the right side (highlighted below and search for XVG)\nClick on the XVG/ETH link which will take you to the page below (You can also click the star next to the XVG/ETH pair which will add it to your favorites (This prioritizes it and puts it at the top whenever you open your exchange tab in the future).\n\n![Skærmbillede 2018-02-18 kl. 15.52.20.png](https://steemitimages.com/DQmVCocUETe6v3bn7kGpTbfvMxF84vY9Mjo53Brn6VWPDHK/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.52.20.png)\n\nBuying the coin\nGo to Market\nSet the desired amount (number of coins or total percentage of your ETH balance are your two options)\nClick Buy XVG\n\n![Skærmbillede 2018-02-18 kl. 15.53.36.png](https://steemitimages.com/DQmeeucunE8mq2fNGJvUcvSjDikk2y4QZ6gzS7Ds9KczBrK/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.53.36.png)\n\nCONGRATULATIONS you now know how to purchase alt coins using ETH.\n\nBut what if the altcoin doesn’t take ETH as a pairing? We then need to exchange our ETH to BTC and then we can go about trading as usual again. In order to do this we need to this time click on the BTC tab which is right next to the ETH one we clicked earlier.\n\nExchanging alt coins to BTC\nClick the BTC tab next to the ETH tab we used earlier.\nSearch for ETH\nClick on ETH/BTC pairing\n\n![Skærmbillede 2018-02-18 kl. 15.55.57.png](https://steemitimages.com/DQmRXMn2En4R1ANfc9vrwmon481k6L3mRwrMPNYWjBdS5r1/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.55.57.png)\n\nSelling your ETH for BTC\n1. Click on Market.\n\n2. Enter amount of ETH or percentage of your total ETH balance you wish to sell.\n\n3. Click on Sell ETH.\n\n![Skærmbillede 2018-02-18 kl. 15.58.13.png](https://steemitimages.com/DQmWRJSszZxwQQf2dj9PR6wNtTcJeGpCt2J4XNC3b4oWg1C/Sk%C3%A6rmbillede%202018-02-18%20kl.%2015.58.13.png) \n\n\n4 . $$$\n\nNow you can buy altcoins that don’t take the ETH pairing! (All altcoins can be bought with BTC to my knowledge). Welcome to the world of Crypto and as always, happy trading!\n\n**If my guide helped you at all and you want to tip me :) feel free to in Bitcoin,  Ethereum and Litecoin. My addresses are below!\n\nBitcoin wallet: 1FzW4uCe1C47t7LmMCbTzkonGVEhLoWvEd\n\nLitecoin wallet: Lgy6XzaxtbHhrbtgoNvNC57espeLn2SE7Z\n\nEthereum wallet: 0x9e0F98914BF784cd793553f106bd441CC1a679a6\n\nBitcoin cash wallet: qqgzmn8ymj3mmv9lsl0sm6pzyv20l0p7pggsr9je5t",
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