Steps on how to start trading cryptocurrencies
The crypto market is booming. In this article i will give the basic steps on how to trade cryptocurrencies. To begin with, there are two types of traders, Swing traders(long term) or short term traders
- Get Bitcoins - Either get bitcoin from person to person or you buy online . there are many websites to buy bitcoin online. eg coinbase.com( have access to buying some altcoins eg LTC and Ethereum with fiat)
luno.com/2GCDM
localbitcoins.com - look for an exchange site - there are many exchange site to trade crypto but a few i will recommend include;
Poloniex.com
bittrex.com
bitstamp.net - Send bitcoins to the exchange site
- Join a trading community e.g High altitude investing trading community
- Start trading
Tips
- don't trade on exchange sites with low volumes
- Don't margin trade
- Patience is key