In 2021, cryptocurrencies emerged as a preferred investment avenue for individuals. The cryptocurrency market offers the potential for high returns in a short period, with relatively low risk. This has led to a surge in people investing in cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Recently, Ratcoin, a new cryptocurrency, has gained viral attention online. Consequently, many crypto enthusiasts have searched for ways to buy Bitcoin on Google.
What is Rat Coin?
Rat Coin is a cryptocurrency created in 2017 as a parody of the popular cryptocurrency, Bitcoin. The coin was created by a group of developers who wanted to poke fun at the hype surrounding cryptocurrencies at the time.
Despite its humorous origins, Rat Coin has gained a following in the cryptocurrency community and has even experienced price increases in recent years. If you’re interested in buying Rat Coin, the following guide will provide you with all the necessary information to get started.
Bitcoin is a newly launched cryptocurrency that utilizes decentralized blockchain technology to manage and record transactions. According to its official website, the project aims to introduce a playful coin that will “infest” your life. Bitcoin is similar to Dogecoin in that it is a meme coin designed for fun and to attract people to the cryptocurrency market.
There has been speculation on Twitter that Ratcoin is an Elon Musk cryptocurrency. However, the Ratcoin developers clarified the issue in a tweet, stating that Elon Musk has no involvement in the project. According to the Ratcoin website, the maximum supply of Ratcoin is capped at 9 billion coins, and the block time for mining Ratcoin is 3 minutes. The Ratcoin website provides a detailed breakdown of the coin’s specifications for those seeking more technical specifications.
Step-by-Step Guide to Buying Rat Coin
Before buying Rat Coin, you must choose a cryptocurrency exchange and create an account. Here’s a step-by-step guide to help you get started:
Choose a Cryptocurrency Exchange
There are many cryptocurrency exchanges, but not all offer Rat Coin. You will need to find an exchange that supports Rat Coin before you can buy it. Some popular exchanges that support Rat Coin include CoinExchange, Trade Satoshi, and CryptoBridge.
When choosing an exchange, it’s important to consider factors such as security, fees, and user experience. Make sure to do your research before selecting an exchange to use.
Create an Account and Verify Your Identity
Once you choose an exchange, you must create an account. This usually involves providing your name and email address and creating a password. Some exchanges may require verifying your identity by providing a government-issued ID.
To set up an exchange account with Coinbase, you can use their iOS or Android apps, but using their website is the easiest. Enter your email address in the “get started” box, ensuring it is a secure email address you have access to, as this is how you will always sign in to your Coinbase account.
Then select whether you are an individual or a business. If you are an individual, use your real name for account verification. Coinbase will send you an email to verify your email address, which is an essential security step, especially since you plan to fund your account with actual money.
Once you sign in to your Coinbase account, you must complete several verification steps. The first is verifying your mobile phone number, which Coinbase uses to set up two-factor authentication (2FA) on your account, adding an extra layer of security. Coinbase will text you for each significant change to your account, including purchases, but don’t worry; they won’t spam you.
To purchase Bitcoin or Ethereum on Coinbase, you must set up your funding sources: your bank account or credit card. If you plan to purchase RatCoin (RAT), I recommend using the credit card funding option, as you can buy immediately and have access to trade your coins right away. However, your weekly purchase limit on a credit card will be around $750 when you first open your account.
Fund Your Account
After creating an account, you must fund it with cryptocurrency or fiat currency. Most exchanges support popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. You can purchase these cryptocurrencies on other exchanges and transfer them to your chosen exchange.
If you prefer fiat currency, you may need to link a bank account or credit card to your exchange account. Keep in mind that there may be fees associated with funding your account.
Buy Ratcoin on Coinbase
To start investing in cryptocurrency through Coinbase, you can first purchase Bitcoin (BTC) or Ethereum (ETH). You can use these currencies and buy RatCoin (RAT). As mentioned at the beginning of this guide, Coinbase offers an easy way to start investing in cryptocurrency. Go to the BUYS page and select the currency you wish to purchase.
Since I am not a licensed professional in the volatile cryptocurrency market, it is up to you to decide which currency to invest in based on its value. However, most exchanges that offer to invest in RatCoin (RAT) will allow you to purchase it using Bitcoin (BTC).
Decide on the amount you want to invest in dollar value. Remember that you don’t have to purchase a full coin and can invest in a portion of a coin. This knowledge will help with your future cryptocurrency investments.
Next, select your funding source, such as a credit card, and click BUY. Please note that Coinbase charges a small fee (3.99% for credit card purchases) when you make your BTC or ETH purchase. They will alert you of the total purchase price before you purchase. Congratulations! You are now a cryptocurrency investor.
Store Your Rat Coin
After buying Rat Coin, storing it in a secure wallet is important. Some exchanges offer built-in wallets, which are generally less secure than dedicated hardware wallets.
Hardware wallets such as Ledger and Trezor are considered the most secure way to store cryptocurrencies. These wallets are physical devices that store your private keys offline, making them less vulnerable to hacking and theft.
Conclusion
Buying Rat Coin is a relatively straightforward process that involves choosing an exchange, creating an account, funding your account, and buying the coin. Remember always to research and choose a reputable exchange before making any purchases.
After buying Rat Coin, store it in a secure wallet to protect it from theft and hacking. With these tips, you can buy and store Rat Coin confidently.
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