Getting started with Bitcoin and Alt-Coin trading!steemCreated with Sketch.

in #writing7 years ago (edited)

CoinBase, or, The "Main Hub" as I like to call it, is where you will want to start. From here, you can buy or sell Bitcoin, Ethereum, or Litecoin. This is also where you'll move funds back into your bank account!

This first step is to sign up for a Coinbase account. This will give you a secure place to store your bitcoin, and easy payment methods to convert your money into or out of bitcoin.

You can use my link and get $10 free when you buy $100 of bitcoin. https://www.coinbase.com/join/5946e2ab468d030e480cf68b

After you sign up, connect your bank account. You'll need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase. You can also sync up with a debit/credit card.

After starting your first purchase, they'll complete your buy and deliver your bitcoin. (Sells work the same way but in reverse). The price of bitcoin changes over time, so they'll show you the current exchange rate before you buy.
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Now for the best exchange to trade Alt-Coins! https://bittrex.com

Bittrex is a really easy to use exchange, with a very clean UI. I caught on to it very quickly, my favorite part about it that fact that it shows how much a coin costs in USD, even though you're buying it with BTC.

Example:
You can see there in the top right in the "Last" row, above the BTC price.

Now there isn't an app for Bittrex(yet), you'll be doing this all on your computer. The wesbite again is, https://bittrex.com. Happy trading!

My favorite trading platform, WhaleClub is next!
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WhaleClub!

Check it out! Use my link and get 30% bonus on your first deposit!

Link: https://whaleclub.co/join/NcE0h

It's really easy to use. From the moment you deposit bitcoin or dash, you're up and running. Then, with a click, Buy if you think price will go up, or Sell if you think it will go down. Submit and close trades in milliseconds. Everything about Whaleclub is designed to work beautifully and exactly as you expect.

Whaleclub is packed with brilliant features. Instant, 0-confirmation deposits. Low-latency execution. Low-cost spreads. Integrated news, analysis, and trading ideas. Free and unlimited demo trading. And a stunning trading dashboard.

Because Whaleclub is specifically engineered to run on digital currency instead of fiat, everything feels fluid and fast. Just click to trade, and browse the latest news and analysis right from your dashboard. And say goodbye to the pain of partial execution and slippage. All trades are executed fully at the prices that are quoted. No other trading platform is so effortless and natural.

Whaleclub offers a trading experience that stands apart. When digital currency blends with worldwide markets, something really special happens. The trading dashboard is as elegant as it is powerful. Easily set take profit levels, stops, and trailing stops that work exactly as you expect.

Whaleclub also offers turbo trading. It's a super-charged form of trading where you forecast the direction of price on 1-min to 5-min timeframes and get paid up to 75% of your investment in profit if you're right.

Privacy and security are at the core of everything Whaleclub makes. 100% of customer funds are secured in offline cold wallets. 2-factor authentication adds an extra layer of security. And high-grade encryption ensures the privacy of sensitive information.

Thank you for reading! Much love!

Check out some other posts for beginners by me!
https://steemit.com/life/@greenbuff/how-i-learned-technical-analysis-for-free-and-you-can-too-100-real-baby <- Learn TA
https://steemit.com/crypto/@greenbuff/useful-links-tools-for-cryptos-great-for-beginners <- Full of links for news/updates

Sources:
Images and some text taken from the respective websites.
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Like margin trading? Use my link and get 30% bonus on your first deposit!

Link: https://whaleclub.co/join/NcE0h

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Donations:
STEEM: @greenbuff
BTC address: 1YKznARxcXZbw8LwZRoDSVPQTJsyx4QBr
ETH address: 0x980F5A9E44bA26C345B93b023f06a02ff03E39f0
LTC address: LQ6xa96DQ5T6Ze9o1qvJf2QdmywQdgGdvp

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That's very useful. Thanks for this.

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