participate and invest in an iCO

How to buy a token during an ICO? Steps to follow

14 December 2018

With the network Ethereum, more and more projects are easily launched. Today, it has become a very good opportunity to invest in upstream projects. There are now even Launchpad dedicated to ICOs.

We assume that you already know what is an ICO. Do you now want to participate and invest in an ICO? The investment is more or less the same for each ICO. Before investing in an ICO, make sure you choose a good ICO. Once you find a solid project that interests you, follow the steps below:

1. Create your portfolio

This is indeed the very first step to follow. First you need to make sure you have an Ethereum wallet.

Your ETH address must be that of myetherwallet.com for example.

etheruem wallet

This can be somewhat difficult at first. So, we created a special article to explain everything to you.

Create an Ethereum Wallet >>> Read the article.

To have money on your ETH wallet, you can buy it via Coinbase, then transfer your funds to your ethereum wallet.

Your ethereum wallet address must be a different Ethereum address than a cryptocurrency exchange. Do not give your Ethereum address from a platform like Coinbase ou  Binance !

Please note, however, that some ICOs are not based on the Ethereum protocol. In this case, the project developers provide a special wallet.

2. Register for an ICO

For a complete list of upcoming ICOs or those in progress, you can consult the site at Cryptocompare. There you can find upcoming and current ICOs. You also have access to a complete description of the ICO.

Of course the first step is to register on the ICO website. You must first register. Usually there is a button on the site "Join" or "Token sale". Most ICOs will ask you for the following standard information:

  • Last name
  • First name
  • Email
  • If the token works on the Ethereum protocol, give your address public insurance from your Ethereum wallet.
  • The amount of ETH (or BTC) you plan to invest
  • Your identity documents

There are also many ICOs that do not ask for your identity documents. It depends on the projects. For the majority of ICOs, you can buy tokens directly.

3. Buy your tokens/tokens

Now that you are registered on the site. Now, all you have to do is obtain the address of the smart contract to which you need to send your ether.

Please note that to buy a token during an ICO, you will first need to have bitcoins or ether. You can do this simply on simple shopping platforms.

Then, you will have to somehow exchange your bitcoins for the ICO token.

To do this, read the following article: How to buy cryptocurrencies on exchange platforms.

Once again, never give away the private key of your wallet!! Always give the public key of your wallet.

Once the ICO is completed, you will receive your tokens directly to your wallet. If the tokens are based on a protocol other than Ethereum, then they will be distributed to you on the dedicated wallet.

How to sell your tokens afterwards?

You have received your tokens now that the ICO is over. So what to do now? Well, now you have three options:

  • You can use the tokens for the project service.
  • Keep the tokens on your wallet for future valuation of your tokens.
  • Wait until the tokens are available on an exchange platform to sell them or exchange them for other cryptocurrencies.

There is for example the Binance platform which remains the most used platform where you can easily find all the ICO tokens. It is also their induction on Binance which somehow formalizes your tokens.

Try to be patient because often the longer you wait, the more the crypto becomes valuable. This is what we call investing in an ICO.

How to get ICO tokens for free?

This is the question you've all been waiting for!

Read the article about it here: Get tokens for free with airdrops.

That's it, now you know everything and you are ready to participate and invest in as many ICOs as you like.

Remember that ICOs remain subject to risk. Only invest money you are willing to lose.

We hope you choose the best ICOs and participate in projects that are important to you. Indeed, thanks to blockchain, great projects are being implemented, such as environmental projects, etc.

It's an excellent way to participate in human progress by helping founders bring their projects to fruition.

In addition, you can at the same time earn money from the valuation of your cryptos.

See also:

—–

Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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