Bittrex.com Cryptocurrency Exchange Trading Tutorial with Bitcoin + Steem + 179 Altcoins!

in steemit •  6 months ago

Where to buy Steem to power up and trade altcoins? Buying 15+ BTC of Steem on Bittrex.com was simple from making the Bitcoin, Ethereum, and Litecoin deposits from USD on Coinbase to depositing altcoins from Poloniex and Bitfinex to executing the trades from BTC to Steem to making the withdrawals almost instantly to Steemit and powering up! For trading Bitcoin, Ethereum, Steem, Steem Dollars, and 179 cryptocurrencies, my choice is now Bittrex after using Poloniex for most of my previous cryptocurrency exchanges because Bitfinex has nearly instant verification and withdrawals. I have also used Bitstamp, Bitfinex, Shapeshift, and Blocktrades which is great for the very fastest exchange out from Steemit to Coinbase when selling SBD to pay my taxes! While I have been waiting for weeks on Poloniex to get my status verified to allow more than $7,000 in withdrawals daily, on Bittrex verification was finished for withdrawals up to 100 BTC daily within less than an hour from the time I created my account! Amazing technology and I love the interface! The greatest limitation is that there is no fiat currency trading currently outside of Tether for both USD and Chinese Yuan. Bittrex I believe is in the process of adding this and I think might become the top exchange once they do!

Would you read this post or watch the original video from YouTube to learn how to use Bittrex today?

Thank you very much to @gmichelbkk for converting the transcription of the YouTube video from GoTranscript into this beautiful post for Steemit, which is much faster to read than the video and has all of the highlights in screenshots!

I will show you how to do all the basic things in Bittrex.com, plus the most crucial getting started steps.

First, if you've never heard of Bittrex, what is it?

How does it fit into the larger picture of cryptocurrencies, Bitcoin and trading?

Bittrex.com is one of the top exchanges in the world, but you might not have heard of it even. I mostly traded on Poloniex.

A look at the different exchanges


I'm looking now at coinmarketcap.com where it shows the top cryptocurrency market capitalizations by volume in the last 24 hours.

Poloniex is consistently number one.

Kraken is consistently up towards the top. I've not used OKCoin.cn, Coinone or Huobi. Bittrex is currently the sixth of the cryptocurrency exchanges.

I really like Bittrex because there are so many different currencies you can trade in. It's very fast to upgrade your account to get the maximum trading volume. The downside of Bittrex though is that you have to trade in US dollar, Tether or the same one that's available for one for China. It doesn't have real Fiat currency trading, although I believe they're adding that to it.

I also use Bitstamp. I really like Bitstamp for straight from BTC to USD, or XRP to USD.

I also really like Bitfinex. That's where I sold the majority of my Dash when I sold my Dash masternode.

I like Bittrex and it's currently where I'm doing the majority of my trading, my buying and holding. I don't do much trading. Currently, I'm buying and doing my selling mostly on Bittrex because it has such an amazing selection. Look at these Bitcoin markets it has. I was consistently frustrated with the selection in Poloniex.

Bittrex.com is trading fast while Poloniex right now often goes really slow. That motivated me to switch and sign up for Bittrex.

What I like in Bittrex


If you look at Bittrex, it's got a lot bigger selection of currencies. You can do things like sort based on the order. I can sort this on the upper right by what order these were added. I can easily sort it this way to see the very newest currencies, which currently is Aragon, which is down 67%. Ouch!

You can even sort by things like spreads. You can see how wide the market is. You can see the difference between the buy and the sell price that's up. It also has this change in the volume, just like Poloniex. I find it works much faster and I'm very happy with the selection.

One of the most amazing things I've experienced on bittrex.com so far is the application for the enhanced account.

Bitstamp took 24 or 48 hours to verify my account, so that I could trade a huge amount of money, as much as $100,000 in Bitcoin back and forth in one day, which was well over $500 in fees, plus even more loss in the exchange.

Bitfinex took up several days to get my application approved.

Poloniex is still fooling around with my application to be able to trade larger amounts.

But bittrex.com literally gave me an enhanced account with the ability to trade up to 100 Bitcoin per day, that I can withdraw.

Bittrex literally did that in just a few minutes and I couldn't believe it. I went through and set-up two factor authentication with Google Authenticator, which I highly recommend. I submitted my identity verification, and it did it almost instantly. That is one of the best parts I've seen about Bittrex. They have a really good identity verification system that's fast.

I'm grateful that if for some reason I get a whole of 100 Bitcoin, I can withdraw all of it in one day on bittrex.com. If you are mining or if you're getting little transactions on a regular basis, Bittrex is also one of the only ones I'm aware of that has this auto-sell feature which is really cool. If you're mining, for example, you can send your mining rewards directly into Bittrex, and it will auto-sell it for you.

That's really cool if you've got something like a masternode or if you take orders, and if you just consistently want to dump an altcoin for Bitcoin every single day. This is a really cool feature that you can set up on Bittrex. It will automatically dump it in Bitcoin for you.

What is not ideal about Bittrex?


I already mentioned it a little bit, but if you want to trade Fiat currencies, they don't currently have that. They are working at it, but right now you have to use US Dollar Tether (USDT) or you have to use the Chinese version as well.

If you go to coincap.io it says that the Bitcoin price is $1,800, but If you want to use USDT, it's currently $1,866. The US Dollar Tether price may actually become significantly different from the US Dollar depending on what is actually going on.

Whereas on Bitstamp or on Bitfinex, if you decide you want to pull everything in the US Dollar, at the drop of a hat, you can do that. Not quite as easy on Bittrex, but it's still functional.

Tons of wallets and the fastest withdrawals


On Bittrex, you've got a ton of different wallets to choose from as well. There's wallet after wallet after wallet. It's very easy. Say I want to make a deposit in CloakCoin, I can just click "generate a new address" and do a deposit.

So far, I have made deposits and withdrawals. Bittrex is also one of the fastest withdrawals I've made. I withdrew two and a half Bitcoin on it, and it came through hours faster that Bitfinex. Poloniex took literally five or six hours longer than Bittrex. I was very happy with that. Unfortunately, when more and more people use it, this could change over time.

I've made six different deposits in the first week or two that I've used Bittrex.I had 200 Dash and then about 4 Bitcoin that I've deposited in. I trust Bittrex. I've done transactions totalling about 20 Bitcoin most of which went to power up my Steemit account which with the increase in the price of Steem is now about $80,000!

That's where I do the majority now of my buying because there are so many options on Bittrex.

Lots of times when I looked to trade currencies, I saw one that I wanted to buy on coincap.io, and then when I went over to Poloniex, it was not even there. I thought, "Well, this is depressing."

Two-factor authentication


If you're going to use Bittrex, it is the first of these exchanges that pretty much forced me to use two-factor authentication. Now, Coinbase did have me get text messages, but Bittrex pretty much demands that you use two-factor identification if you want to be able to withdraw.

Two-factor authentication is awesome.

That means if you steal my password, but you don't have my two-factor authentication device, then you can't log in to my account, even with my password. I'm grateful two-factor authentication helped make an account more secure.

It also makes it easier to lose access to your account.

As it says, "Please back-up your secret key."

If let's say, you have your phone as your Google Authenticator, and you go lose your phone and you don't have your secret key backed up, guess what?

Even with your password, you can't log into Bittrex or wherever you've got your two-factor authentication.

It's important you've got a back up of your secret key. That way, if you lose your phone or whatever you've got your two-factor on, whether it's your iPad or probably a Kindle or another computer, you can reset it for a new device.

Whatever you've got your two-factor on, you need the secret key backed up.

I didn't notice there was a secret key to back up, and I just blasted right on pass that. Then, I had to go through and disable two-factor authentication, copy in my new secret key and re-enabled it.

Make sure you get two-factor authentication up, and back-up your secret key.

It's good to use Google Authenticator because all the main exchanges that I've used: Bitstamp, Poloniex, Bitfinex and Coinbase, they all use Google Authenticator, and they all do two-factor authentication.

Then theoretically, you can back up all your two-factor keys in the same spot.

Then your friend, who knows where that is, can totally come in and sign in and clean you out that way. 😆

If you're trading in your dorm room, you might want to keep that in mind. 😅

Your clever roommate is looking over your shoulders, waiting to clean out your Bittrex exchange.

Trading cryptocurrencies can be risky


I'll make some actual trades now just for fun and we'll pick out a couple of currencies. I like to look at ones that have been flat or down over time. I don't like to by stuff that's up usually because that's the biggest risk.

I started buying Bitcoin and there are a few different bad things that can happen if you've never traded or you're just learning about cryptocurrency trading.

First, you can be all excited and put a bunch of time and energy in to buy and lose money.

Think about that.

You've paid your time and your money to trade. Is this something you'd like to do for fun?

That's a valid question.

The first year I traded Bitcoin, I lost over $5,000 and spent hundreds of hours doing it.

Is that something I would have thought of as a leisure activity?

Absolutely not!

It was stressful and I was trying to make money, which really made losing $5,000 plus dollars frustrating.

The other thing that can happen to you and that's really bad is you can get lucky and win.

That's even worst and that happened to me playing poker. I thought I was just the next World Series of Poker champion because I bought into a $10 poker tournament and I won $1,000 out of it, all while I was getting drunk the whole time as well.

I thought, "My God. I have some amazing poker skill."

Then guess what?

I proceeded.

I won another $10 buy-in for a $1,000, but I proceeded to lose thousands of dollars after that playing poker as I bought in to higher and higher stakes game like, "Well, I'm the man now. I can buy in to a $100 game. Hell, I can buy in to a $500 game now that I'm so good at poker."

The people who play small stakes tend to be easier in poker to win against and the people who play higher stakes tend to be a bit better in skill. The same goes with cryptocurrency trading. If you buy into something and get lucky, it can be easy to think, "Well, I'm just a man."

I'm grateful that this year I've made about $75,000 in profit in cryptocurrency trading. Now, that's before taxes because after the IRS gets their fingers on it, it's $50,000. I've re-invested, as you can see about $20,000. Really, that's a net difference of $30,000 and anyway, what was I saying? 😀

I could easily get a big head and think, "Well, I know what I'm doing with crypto trading. Now that I made all this money, I'm going to dump $50,000 in here. I'm going to start trading. I'm going to turn this $50,000 into $100,000, and then this 100 into 200."

I'm grateful I've made mistakes so many times that I can see that I got lucky. I promoted my own currency, I made my own opportunity. It's still just as easy for me to lose money as it's ever been in the market.

I'm not smarter than anyone because I happen to invest in one currency, which I then promoted a whole bunch, which went up a bunch, and then I dumped it as it started going down.

I'm not smarter than anyone because I did that.

That is a pretty typical investing strategy that was mentioned in "Money: Master The Game." I didn't even come up with that either. 😄

The point is cryptocurrency trading from an ego standpoint is very risky. If you start losing a little bit of money in it, there'll be a temptation if you are like me to try and put more in and get that money back, and make it all about how much money you've made. If you want to do this long term, it might cost you several thousand dollars to learn the basics.

I've given you this upfront because I've made all these mistakes, all these things have happened to me already.

You can learn from my experience instead of having to do it yourself. But if you want to do all the same things I've done and be aggravated as hell when the Bitcoin price plummets, you can go do that if you want to.

How to trade on Bittrex


I'll show you how to trade on Bittrex now buying two new cryptocurrencies: Aragon (ANT) and Humaniq (HMQ).

One of the attractive things about Bittrex is that it makes it easy when these new currencies are put on. Some of these new currencies might be a really good opportunity to trade, and some of them might be a complete sink hole.

You might buy a new currency and it just might be way overvalued, and the value of it may drop 99.9% on you.

My jaw just cracked saying that: 99.9%!

It is possible for a massive drop like that to happen with these online currencies. It may go up way more than that too.

I like how easy it is.

I went over to markets here, and you can sort then by the date the currency was added.

Buying Aragon, a new cryptocurrency


Let's take a look at this Aragon one, which I guess has plummeted 60 something percent.

It's the biggest down one right now.

If you look at the top left menu, you can then switch on each of these options. You can switch it to a day.

It's so new, it doesn't have that much data. You can switch it to 15 minutes here if you want. The more you play around and switch these things, the more it'll take the table. I'm using the mouse wheel to scroll right now to move this back and forth.

Let's say I want to just buy a little bit of this currency. I've got the charts at the left and I can see that the price was way higher when it got listed. I don't know how that works, but maybe someone lost a bunch or just came in down here. This is where the price is at now. At the right, I can see the volume of it, which is 690 Bitcoin in volume that is done.

You can see the 24-hour high here. You can see the exact price in US dollars, which is $3.64.

I really liked that.

Poloniex is frustrating. If you want to equate stuff to US dollars, then you don't just want to be stuck in Bitcoin. Maybe there's a switch or a setting input; I haven't found it yet.

Then, to actually trade, there are two basic windows down here.

You've got the "Buy Aragon" and you've got the "Sell Aragon."

You need to have some Bitcoin available to buy Aragon.

Sometimes on Bittrex, you have to refresh to see the data showing up because it screws up and it doesn't load correctly.

Now, it shows that I've got my two and a half Bitcoin available.

In the Order Book I have the Bids at the left and the Asks at the right.

To help this make sense, the Bids are other people who want to buy Aragon or ANT. If I'm putting in a buy order, depending on the price, it's essentially going at the left in the Bids.

Then on the right side, the Asks, that's people who want to sell Aragon.

This means that if I want to buy and I want my order to instantly be fulfilled, then what I need to do is look at the right and pick out a price.

Let's say I want to buy just a tenth of a Bitcoin over here.

What I've done first is I clicked on the Ask for this particular order. Whoever has put this order up, they have agreed that if I pay the price they want for a certain amount of Aragon, then they will give it to me at that price.

What you have to do is put the total Bitcoin you want to spend, which is 0.1 BTC for this example. Then, if you have clicked on the Ask order, it populates the price automatically in the Bid field. I can see now that I will get 154 ANT if I spend 0.1 BTC with this order.

When I click the "Buy Aragon" button, a confirmation window shows up.

Now, I can see the commission in Bitcoin, which is the commission that Bittrex is taking out of it. I can also see the subtotal in Bitcoin I'm putting in and the price. I just have to hit "Confirm" now.

Then, you will see what's happening in real time at the top right, which is really cool. It shows you when the order has been placed and when it has been processed.

Now, you can see that I have less Bitcoin at the left, and I have more Aragon at the right.

That's how you execute an order.

Do I want to keep some Aragon? Maybe it will go up after it has been down 67%, I don't know. I can look at the charts and see that it has been up and down. You can see the 24-hour high and low too. I just bought it at 64, and it has been as low as 52, so there's no telling.

I prefer to buy on more of a flat market though. For now, if I hold the Aragon this potentially gets more complicated for my taxes because if it goes up, then I have capital gains whenever I sell it. The more of these currencies you transact, the more you're potentially building your accounting work up and up.

The worst thing you can do is trade a bunch of different currencies in really small amounts, hold them for a little while like a week or a few weeks, and then sell them because then you're theoretically making a whole bunch of accounting work for yourself. In which case, depending on where you live, then you might need to simplify it a bunch.

It's nicer, if possible, to either buy things and hold on them for a while because let's say, I hold on to this Aragon for a year. I don't have to worry about it. I just buy it. I don't have to put anything on my taxes because I've just bought it. Now, when I sell it, then I have to pay tax on that. But if I just am holding on to it, then nothing has to happen.

For now, maybe I'll just hold on to my tenth of a Bitcoin of Aragon, which was newly launched and see how much that's worth, I'll give it a few weeks or months to see how much that's worth then.

If you want to get into some new currency, I'd say that they're quite risky. The price will come out just right for some of them, but for some others it will come way too high or way too low.

Buying Humaniq, another new cryptocurrency


Let's say that I want to also buy into this new cryptocurrency called Humaniq because it just came out a week ago. I will show you how to look at the charts a little bit more on this one.

It has got the 24-hour high and low and it seems stable relative to cryptos. I can zoom back out in the chart to see better and it has pretty much trended down since it came out. You can use the mouse wheel to zoom in and out on the chart. Right when Humaniq came out, the days or so after that, it has pretty much trended straight down.

Buying one of these currencies can be really risky because some of them will just keep going down for another six months or a year. At the same time though, buying a brand new currency like this could be a great investment. There are lots of currencies where if you bought a little bit right when they came out, you might have a whole lot of money now.

What I can do is buy a little bit on this if I want to. This doesn't look that attractive in terms of it has pretty much come straight down. I don't know anything about this particular currency either, which is a big problem.

If you don't have any idea about the currency itself, what you can do essentially is just bet the market and buy a whole bunch of different currencies.

I don't have enough money in this account to just buy a whole bunch now. Sure, if I sold all my Bitcoin, I could put a tenth of a Bitcoin into a hundred different currencies. I think Bittrex has almost 200 currencies, so I can't afford to just be putting a tenth of a Bitcoin into all these different currencies.

Let's say that I want to put in a bit less this time. I could buy a hundredth of a Bitcoin. Right now, that's $18 I think.

Now, it doesn't seem to be a too serious of an investment. If it goes up ten times, then I've got $180, which is pretty good.

But then the temptation comes in like, "Well, if it's going to go up ten times, I might as well put in $180, then I've have $1,800."

But what if it goes down 99%?

If it goes down 99%, and I put in $18, what I lost is $17.

If I put in $180 and it goes down 99%, then I've lost $178 or so. That does not sound like so much fun.

One strategy you can do if you don't know anything about any of the coins, you can just go in and buy a little bit of a bunch of them. I spent $600 on Poloniex to buy a hundredth of a Bitcoin on 50 different coins, and it made $1,000 in a month doing that.

If the market is going crazy on a bubble like it is now, that's a great strategy. If you just buy a little bit of every new currency that comes out, occasionally you'll be a huge winner, and one of them will go up 100, 200 or 500 times from wherever it was at coming out.

Still, you could do the research and balance it out and put more into a smaller number. I encourage what I do, which is a combination. I buy the market because I don't have time to research 190 different coins and be a part of each community. I do some basic research, find a few that I like, promote them, and then also buy into some of the others for just a little bit.

Now, I can easily just grab a little bit of Humaniq at this price. I'm on the Buy side to make my order, but if I want an instant order fulfillment, I need to work over on the Asks side.

If you want instant sell, you pretty much need to work over on the Bids side and pull your prices from there.

To pull my price, I simply clicked on the price I want in the Asks section and it populated automatically in the Bid area of the Buy section. Then, I put in my 0.01 Bitcoin.

I hit "Buy Humaniq" and I can see that the commission is really small, which looks right. I can also see the total for my order, so then I hit confirm.

Now the order goes in over here and it was instantly fulfilled because it was sitting right there in the Asks section.

As soon as I fulfilled it, someone put in an even lower price order.

Now, if I immediately try to sell it, I would only lose a little tiny bit. If I sold this right back right now, I'd get almost the exact same amount that I originally sold it for.

Why not just buy and hold this for a while. I put in like $20 and it might do really well, so I'm investing in it.

Selling Aragon


Let's say that I have some buyer's remorse about Aragon. I think, "My God, I can't believe I put in $180 into this currency I've never even heard of before. My God, it's going to go down."

If I want to sell it back down to what I just did on the last one what I need to do is go over to the Bids side and find an order that covers the 154 Aragon I have at the price I've put it in.

I can click on this order because it will cover it and the price is populated in the Sell section now. Finally I enter my amount in Bitcoin.

Now, if I hit "Sell Aragon," you'll see that they're taking another small commission from me, but if you trade a bunch, these add up.

My ANT sell order was placed and was instantly filled.

I started with about 2.55 or so Bitcoin, and I have about 2.53, now that the ANT sell order was just filled.

If I scroll down to go over to my order history, I can see both of these orders in detail. You can see that I just lost a little bit doing it that way.

I bought 154 Aragon for essentially 64499, and then I sold 143 Aragon for 63001.

Now, this is the basic problem with trading. There's a difference between the up and the down. Just by buying and selling repeatedly, you're in the middle of that difference between the market. Theoretically, if you traded enough times and the market stayed exactly the same, you would essentially lose all of your money eventually between just the difference in the market.

Volatility is good for being able to make some money, but the problem with volatility is that it can make it even worse. Imagine if I'd bought that and it went down 15% or 20% between the time I bought it and the time I sold it.

Cryptocurrency trading is extremely risky. Sure, there are some upsides to it, and there are some huge downsides as well. Note that while I filmed this tutorial a few weeks ago and bought a few cryptocurrencies to use as an example here, I have sold everything to Steem since!

I'm grateful I've taken the time here to show you exactly how to make trades on Bittrex.com. If you'd like more tutorials and videos like this, would you please like this video or upvote the post. That way more people like you will find this tutorial and that's what motivates me to keep making them.

Thank you very much for reading this.

I love you.

You're awesome.

I appreciate the time you've spent with me today and I hope you have a wonderful day today.

If you found this post helpful on Steemit, would you please upvote it and follow me because you will then be able to see more posts like this in your home feed? If you would like me to follow you, would you please read this post next?

Love,

Jerry Banfield

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wow @jerrybanfield so far i dont have any exchanger
i will check out bittrex
however, i would love to know how much time you spend daily to write articles and doing videos?

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Usually 4 to 6 hours total daily including most weekends and holidays! Most time is spent doing videos with contractors transcribing videos into blog posts which an editor goes over first and then I review and make final edits for publishing here!

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Hi @jerrybanfield I am your student at Udemy and am enrolled in 5-6 of your Udemy courses. Thank you so much for bringing me to this awesome Steemit platform through your Youtube channel, can't thank you enough for that :) Just posted my introductory post here: Would appreciate your feedback and suggestions. https://steemit.com/introduceyourself/@mechatroni/introducing-myself-come-and-say-hi-to-this-minnow

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Hi Jerry , i had a bittrex account for years now and it say LEGACY what does that mean as far as BTC limit it says 1357 BTC a day lol

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Also there is no reason to get verified i guess

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I really like Bittrex! They have a large number of cryptocurrency to trade with and I like their charts as well!

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to me it's still a miracle...
a bit overwhelming, but you have to start somewhere ^^
so i will give it a shot, hoping i get not to confused

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I am new to the world of cryptocurrencies but I can see why people are following you. You explain every single thing in detail and you're really passionate about the topic. My question is: what businesses are there where bitcoins are acceptable? Are there countries where gains on cryptocurrencies are not taxed? Thank you for reading this question.

Excellent tutorial. Very thorough and well thought out. You're without a doubt a very valuable asset to Steeemit Jerry! Keep up the great work!

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You can tell Jerry puts a ton of time and work into all his posts. Whether it's about crypto or life, I always learn something new. Plus I like it when he sings!! :)

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He sings? I haven't heard him sing yet...

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Agreed!!We need more people like him

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I love Jerry's enthusiasm and his teaching style.

Hmmmm. I've only used poloniex and kraken, but you make some good points. Being that in the Banfield Bandwagon (I'm trying to trademark that btw 😂), I just might have to switch. Thanks for the research and info!

This is crazy ! I just started here 3 days ago after watching your video and now i have 100+ followers plus $40-50 bucks made from nothing. just my imagination. appreciate it
https://steemit.com/introduceyourself/@mirage/proper-introduction-of-myself-hey-steemians

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Nice work! That's impressive, I've been on for the same amount of time, but my imagination has apparently taken a break from my brain. 😂

Awesome Jerry! I love listening to your vids at work on the headphones. hopefully i can catch another live stream soon! Hey quick question. Why do you post with the 50/50 rewards instead of the 100%
https://steemit.com/steemit/@cryptoindestment/change-your-rewards-before-posting-on-steemit-to-get-more-steempower
thanks bud!

-Dest

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You have inspired me to do a video about this and a matching post where I will show why!

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awesome! thank you, i was always curious cuz it seemed like the goal is to get more Steempower!
you da bomb.com JB! keep up the good work

Thanks for the tutorial! Spacing out your investments seems like a really good idea.

@jerrybanfield We talked on the phone, a few months ago. You were walking your dog! Remember?
You told me that I should focus on making money and do something that gets me closer to my big goal.


Your big dream is spreading your Messag Through music. Because Music has no language, you can connect to the world

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@adil yes thank you very much for reminding me and contributing so much on Steemit your first few days! I followed and upvoted your posts!

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Thank you for Sharing this opportunity through your Youtube channel! I really needed this in my life right now :) So much value from you, as always

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Jerry, if it wasn't for you, I wouldn't be on Steemit right now so thank you for all of your excellent You Tube videos, where I first heard of you.

Jerry,

I have to say the first time I watched you I learned alot. You are great at your job, no matter what your brother says..

Keep up the good work.

Very detailed like always..

@watchout2017

Domi
upvote

indeed...this post really helpful....deserve my upvote and resteem...

Great article! Thank you for the walk through on how you do things. The info on how to use Bittrex will come in pretty handy too!

The novels that you write, my man. Nice basic tutorial here.

thanks for sharing

Thanks for such a detailed post Mr. Banfield :) I appreciate the work that must have went into it, you are doing a great job on Steemit!!!

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Sure the reward payments are estimated amounts based on the Steem price until 7 days after the post!

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Thank, u god of steemit) i'm u fan)

Jerry that gamer video was like a mirror image of me. I use to play online poker all night and go to bed when she was waking up with the kids. Good luck and keep fighting. It is such a strain when that is happening. This was 10 years ago when my daughter was 6 and my son was 2!

King whale on steemit! Jerry thanks for your help getting me started in all this and demistifying all of the tech jargin. 🐳

Thank you jerry for sharing this i am a big fan of yours i am an early subscriber of your youtube channel ...:)

wow great post with clear and easy to understand instructions. Have you used Quadriga yet? I like the canadian exchanges. Thanks for the post and I'm following you :)

Another helpful post, thanks Jerry!

My attention span didn't allow me to read all of this, but I would definitely check out bittrex.com and bitfinex.com. Thanks for posting!

Upvoted and resteemed your post jerry.If you can please reteem my introduction post.It will be a great help for me.Really appreciate how you help the society by posting these valuable posts.My brother is in to crypto currency and he always follows your views and advices. Thanks

congrats and thank you.

@JerryBanfield you brought me here and i see all you said lately is the truth. I will have to still try the Bittrex right now. Thanks a lot

I followed your how to's.

Good post and interesting to read ....

This was a very long blog post!!! But on a side note, the alt coin market is booming! You gotta love it

another awesome video. appreciate your posts :)

Thanks for sharing!...some great points for new investors. I really like Bittrex. I like to space out my investments. For example if I want to buy 1 BTC of a particular alt coin, I usually put in 10 bid orders of .1 BTC. If I see the market moving bearish, I will start putting in lower bids to see if I can average down. It takes some patience, but patience pays off when it comes to investing. If my lower bid doesn't hit, I may leave it there...the markets have been so volatile, sometimes you get lucky and get a purchase at a bargain price. Anyway, good luck investing in cryptos!

wow!! thats a lot of details i m new here so nice post and hope u follow me :)

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Following now thank you for commenting and sharing your drawings with us!

Jerry does a great job explaining, and i do enjoy watching his videos, though i have only been following him for a week or 2. I will eventualy check out his his online classes he offers, and since i have been watching and understanding i have advanced my trading skills to where i am making profitable investments and not throwing money away.

Excellent work dear friend @jerrybanfield very interesting and topical, especially today that the criteria are fructauando great speed, I in particular I use Bittrex for my transactions, thank you very much for this great material

Wow, good news..
Awesome, so interesting..
Upvote and Resteem..
Dear friend @jerrybanfield
Have a nice day ^_^

Today I sat and listened to 3 hrs straight of your podcast. Keep up the good work !

Best of luck to you, @jerrybanfield
Go Steem!

Learning how to trade and transact crypto is becoming a very important (and potentially lucrative) skill.

Great post jerry!

Very good)

Thank you @jerrybanfield to bring me here i like your videos!
Keep up the work!

Hey Jerry, thanks for the video. Can you make a quick video on transferring bitcoin from CoinBase to steem.

thanks jerry for your detailed posts as always. love the stuff

Bittrex is the exchange I use. It has low fees, fast transaction time, neat interface and supports many coins. Thanks for your tutorial introducing how to use the exchange. I think the only problem with Bittrex is that it does not support lending like Poloniex do, as I want to earn some interest from my BTC.

Using an exchange seemed like such an intimidating task before you made things clear. You don't need an economics degree to do this it seems :)

Give me all details.i am your downline.please help me.from how to start and how to grow.please make full video about for newbies which i can share with others.how to signup and work here and how to earn more and about withdraw and about buy.please make vodeo as simple as every newone makes signup work earn and how to grow community.thanks.

I was just asking myself how to trade on Bittrex the other day. Great informative post! Thanks.

I am beginning to wonder at the long term future of all crytocurrencies. Quantum computers which may come in 5 to 10 years are a severe threat. Read here for more info, would love to know everyone's thoughts. https://steemit.com/bitcoin/@wvm/will-quantum-computers-destroy-bitcoin

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Worth considering as a risk to be sure! When I mention it in future videos you it will be because you made this post here!

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@jerrybanfield, thank you! Be sure to mention my name WVM, I'm a musician, it'll be awesome if you could!

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@jerrybanfield, you know quantum computers will be an issue for everything in the future really, if it can decrypt BTC coins it can certainly decrypt passwords for bank accounts, etc. I think that's where biometric protections start to come into play more. But also, in my mind it brings about the larger issue. The validity of currency based on technology. Technology is ever changing, 5 years from now the technology for BTC will be even more dated and antiquated which is one of the reasons for the proposed fork in Aug. The point is it's going to be hard to have a currency based off of technology when every few years technology increases to the point that the technology from a couple years back becomes dated. Then again if we look at the dollar for example, the dollar has evolved against counterfeiting techniques over time, from the simple paper dollar to the ones we have today which modified the old tech to include the new tech. That is what is going to have to happen to cryptocurrencies in order to survive.

Hey Jerry, great post .. kinda long though i must say lol but hey job well done. I'm here cause of you mate and enjoying the community ;-)

Jerry u really put a lot of time and effort to make these blogs. Great work!

Hi @jerrybanfield great post...you are the great guru(master) of the this community...Your video is awesome...btw, also use bittrex but never know that of of information about the bittrex...Thank you for your great effort ..Great job ...@jerrybanfield...upvoted, resteemed..& followed

I signed up on Bittrex initially but quickly joined Poloniex when I compared the prices that were being asked. <--first steemit comment :)

Great post..very good work..thank you..resteemed

Hi @jerrybanfield

Thanks a lot for this content and in general for all your tutorials here and on YouTube. When I started to think about investing in crypto currencies, I did a lot of investigations and your videos really helped me.

I'm still a beginner and I'm not sure what the best moves are, but also in future I'm going to watch your videos to get a clue :)

Thank you soooooo much jerry for giving your time to us.
It is you only by whom newbies can mark their progress in upcoming days.

Keep sharing your thoughts
And yes I use poloneix because I don't have that much of BTC to transfer from here and there.
They deduct a huge amount of BTC for transferring my amount.

You are such an attribute to Steemit! Such insight and wisdom. You had to go through the trenches to get to where you are. Thanks for sharing all your knowledge! Go get em... @jerrybanfield

I really like bittrex. They confirmed me way,way faster then any other exchange. On some I am still waiting.
They have almost any coin and most importantly they never left me down, meaning their uptime, from what i experienced, is 100%.

Thanks for the post ...it was really helpfull

Bittrex is a wonderful exchange glad more and more people are figuring this crypto thing out! Cant wait to see what this will all look like in even a few years!

I am done using polo and all the other ones. Bit-trex is love, bit-trex is life!

I appreciate the time you spend on each video - I always learn tons :)

Now this is some very useful information to have on hand when trading cryptocurrency! Thank you! I am going to check Bittrex out!

Thanks @jerrybanfield for the great post!

Your the BOMB Jerry!

Hey @jerrybanfield!!as always a amazing post,I appreciate the great advice you are always sharing !! :)

Steemit will, give back the rewards to the people and not to the big Companies !

Yoooo @jerrybanfield, you always droppin tons of value for us newbs, you are one of the best STEEMIT people here even though you just been here for about three weeks, always lookin forward you droppin major crypto knoooowwlledge! Keep on stackin! 🔥🔥🤔🔥

I just want to say Thank You @jerrybanfield I`m a eletronic engeneering college student here in Brasil who recently get really interest in criptocorrency, so i end up find your channel on YouTube, so Because of you And your great effort to disclosure information about this brave new world i was able to find and get involved with this amazing social media project called Steemit!
Things are not economically good here in Brasil so i wonder that I may have here the oportunit to run afeter my life achievements.

Thank You for your work!

Thanks @jerrybanfield I needed this! I was looking for another exchanges similar to Poloniex!

Thanks so much for everything you so Jerry! Love the energy!

Wow what a big post 😂

Nice job Jerry!
Personally I select between Bittrex & Poloniex based on current trading price of each individual coin I'm buying or selling and current daily trading volume of the coin on each exchange.
upvoted & resteemed!

i have 1 question jerry,i am not too good in article things what would u suggest me to do so i can also get good views and upvotes on my posts? from where should i find interesting posts to share?

Thanks Jerry.

Nice tutorial Jerry. You're doing good work there. Keep it up

Hey Jerry,

thanks for another great post. Are you also invested in Humaniq? What you think about the team and the future of the Coin / Project?
Following this project for quite a time now.

Cheers from Bangkok,
Chris

very informative!

Great post Jerry. Its a pretty involved work to create such extensive blogs and videos.

Just curious how does blogging about crypto currencies compare with just trading in cryptocurrencies ?

Of course .... we need more and more people like you @Jerry !!

Thank you so much for this post. I just opened a bittrex account and was a little bit lost on how to trade but this is very thorough informaion.

I'm really enjoying your posts Jerry. You've been a big help (and continue to be)!

Great detailed review of Bittrex. Thank you very much @jerrybanfield

Litecoin is up now, needs to reach $500 each i hope it does soon

ILIKE ISHARE ! i just start learn trading few days.. quite lost abit then i saw your video. i learn alot from you ! THANKYOU for your hardwork !!

Good points in this blog. I was about to post a similair post. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. Personally I always use: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes.

Yeah I too prefer Bittrex and kraken. Poloneix support is real slow these days.

Jerry one would be foolish not to follow and engage in your content. Thanks for sharing; you're so knowledgeable! I was telling a friend about Tether a few days ago I think once they make some minor adjustments its going to be something to keep an eye on. You are also hilarious your videos are helping me daily and I can't wait until I can repay you. Sending you a small sbd token of appreciation. Thanks @jerrybanfield

Awesome article, upvoted!
I think BTC's is still the best one
See Tips & Tricks blog of BTC's

Everyone is anxiously awaiting what will happen with this hard-fork and how the bitcoin community will get along.. August 1... cue scary horror music

Useful informations, i'm bittrex huge fan:). I think i'l buy some ANT

Check Out my views On Cloud Mining i think there is a big future in it to honest
https://steemit.com/cryptocurrency/@newmarket65/is-cryptocurrency-your-get-rich-quick-scheme
Follow Me and I will Follow You

Jerry, Your posts are awesome but waaaay over my newbie head. Is there anyway you could do a video on how to transfer/cash your STEEM TO DOLLARS the VERY FIRST TIME?? I just found out today that if I don't cash (or save ?) whatever I may have in my account, poof! it's gone.

Youtube people know that for as long as you have your video uploaded, you'll keep getting paid.

If the 7-day thing is true... it sucks! HELP!

Great post, I blogged about you here @jerrybanfield https://steemit.com/music/@wvm/the-power-of-music about to resteem this one.

Thank you for the nice post and video @jerrybanfield
Might be worth mentioning to your followers that Poloniex still has about 4-5 x more volume compared to Bittrex, even tho Bittrex has 2 times more currencies. In my opinion this makes Bittrex a lot more vulnerable to pump and dump actions, which often occur there. Just thought this is worth mentioning, so people would take a bit more care when trading low volume currencies.

Great post as usual. I can spend all day listinning to your videos.

I am new on steemit, I watch your video on Facebook and I signup on steemit. I am trading on poloniex for 6,7 month and I creat bittrex account also but i did not trade on it , but now after your this blog I sing in on bittrex and see what you write on this blog , I am agree with you , bittrex is nice exchange , thank you for this information .

I use bittrex and so far good experience :)

hey @jerrybanfield great info on bittrex im going to try it now.
When I started trading on poloniex your videos were very helpful and that was one of the reasons I jumped on poloniex, also i found out about steemit because i came across with one of your videos, I can imagine how many people like me you have helped, thanks to you I finding out about this awesome platform, keep it up and hope you can follow me thanks.

There it is, new stuff from @jerry again. Wow nice experience and i am thankful to you because the the fact you are revealing about your failure. Did u wrote any book BTW on crypto currencies.

Thank you again Jerry. Always trying to see what you have to say.

@jerrybanfield i LOVE most of YOUR VIDEOS , there are very informative , keep up the good work buddy !