Cryptsy is a Bitcoin exchange for over 100 cryptocurrency pairs. You can trade Bitcoin, Litecoin or even Primecoin with your account. According to this recent Examiner article, “How to buy Bitcoins without a bank account,” you first need to convert your cash for Bitcoin.
LocalBitcoins.com brings buyers and sellers of Bitcoins together both online and in person. And you can buy or sell for a low fee.
You need Cryptsy to exchange your Bitcoins for other altcurrencies like the aforementioned Litecoin and Primecoin, but also Peercoin, Namecoin, and even Quarks.
Here is a partial list of some of the most popular cryptocurrencies you can trade:
· Bitcoin (BTC)
· Litecoin (LTC)
· Peercoin (PPC)
· Namecoin (NMC)
· Quark (QRK)
· ProtoShares (PTS)
· Megacoin (MEC)
· Worldcoin (WDC)
· Primecoin (XPM)
· DogeCoin (DGC)
· Devcoin (DVC)
Signing up for a Cryptsy account is very easy to do. Simply click on the "Register New Account" link and enter just a few bits of basic information. Pick a username and a hard to guess password for your new account and you are nearly there. Watch for a "Confirmation of Registration" message sent to the email address you used when you signed up for an account. Click on the link in the confirmation email you receive to activate your account and then log into your account.
Next you need to get your Bitcoin into your Cryptsy account. Simply log into your account and click on the "Balances" tab. Under the "Actions" column, click on the "BTC actions" button. Choose "Deposit BitCoin & AutoSell Setup" from the drop down menu. Copy the Bitcoin address under "Your Deposit Address." Use this address to send your Bitcoin from your wallet to your Cryptsy account.
Now you are ready to trade Bitcoin for nearly 100 cryptocurrency pairs. The cryptocurrency pairs are denominated in Bitcoin, Litecoin or Primecoin currently. At the moment, you cannot exchange your Bitcoin for USD on Cryptsy, but it is a feature that is planned for implementation in the future.
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