How do i trade bitcoin with an altcoin if my wallet doesn't support that altcoin?

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Let's say i buy 1 bitcoin and i have it on my wallet. So let's say bought that bitcoin to trade it for komodo. how do i trade it, i mean how will i get in the posession of the komodo if my current wallet doesn't support the komodo coin?

Alex Vasile

Posted 2017-09-09T12:23:24.917

Reputation: 1

Answers

1

Your coins will be held on the exchange site itself until you choose to withdraw them to your own wallet. If you want to withdraw them, you will have to create a wallet for the currency you have purchased, and use it to generate an address to withdraw to.

MeshCollider

Posted 2017-09-09T12:23:24.917

Reputation: 8 735

finally an awesomly good response. THANK YOU. now, what do you think is the best exchange platform that supports this type of exchange? – Alex Vasile – 2017-09-09T14:10:23.027

Which exchange is best is purely up to your own opinion :) remember to accept my answer if it satisfies your question btw – MeshCollider – 2017-09-09T20:17:20.153

Asked: 2017-09-09T12:23:24.917

Viewed: 130 times

Active: 2017-09-09T12:34:00.147