How to start trading cryptocurrencies for DummiessteemCreated with Sketch.

in #coinbase7 years ago (edited)

You have heard about this thing Bitcoin that everybody start to buy. You don't want to miss the train and want to 100x, 200x or even 500x your money so this article is just for you.

N.B.
Always use strong password and enable 2FA on every account.

1. Buy some major CryptoCurrencies with Bank Cards (no matter in what FIAT currency it was issued - EURO, USD, CHF, etc )

  • Coinbase - https://www.coinbase.com
    You can buy Bitcoin, Ethereum or LItecoin with your bank credit/debit card. Please note that you will be charged additionally once from the Coinbase (If you want to buy for €100.00 you will have Fee €3.84 and actually you will buy BTC for €96.16)
    and second time from your bank for currency conversion fee (i.e. my card is issued in BGN so it will be converted to EUR).

  • Kraken -https://www.kraken.com/ - You can deposit EUR, CAD and JPY. Please take a look at transaction fee of your bank.

  • CEX.IO - https://cex.io - Use your bank card (Visa, Mastercard) and wire transfer.

  • Coinfixer - for bulgarian market - one of the easiest way to buy cryptocurrencies in Bulgaria - https://coinfixer.com/
    You need to have own cryptocurrency wallet on your computer or to use some of the exchanges listed below.
    Buy Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash and Monero with local fiat currency - Bulgarian LEV (BGN).

There are many ways to buy crypto so just google.

**2.Start trading - Coinigy - https://www.coinigy.com

Now when you have some crypto you can start to trade with them. Buy Steem at lower price with your Bitcoins, wait some time for price to increase and sell them high for Bitcoin again.
For this you need to register an accounts in different crypto exchanges :
https://bittrex.com
https://poloniex.com
https://www.cryptopia.co.nz

Now you have at least 3 accounts - the easiest way to deal with all of them is .......

Coinigy - https://www.coinigy.com

Here you will find everything that you need for trading - exchange API integration, powerful tools for technical analys, SMS and email notification for alerts and trades. It has 30 days free trial period and then you will understand that 19$/monthly are not so much.

3.After several months you are very deep in the crypto trades, you are trading with more than 20 coin simultaneously and wonder what was the entry price of your precious 2 Moneros that you bought couple weeks ago on Polonex and the other 4 two days ago on Bittrex ??!?!?!?!?!

So you need Cointracking.info - https://cointracking.info

Here you will enter your entry price for each coin that you bought, understand in real time what is your Realized and Unrealized Gains any moment so if you want to deal with big amounts just subscribe from the link above.

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