Buying and Trading

 

If you are taking your first steps in this world and you have never traded on stock exchanges, we warn you not to start with a large sum. We had to learn on our own skin what the price of ignoring warnings and dealing with an extremely volatile market was.

Anyway if you are curious and thrilled (like we also were) and you want to test yourself in crypto-trading, open an account on a website like Coinbase (described in detail in our article Buying and Holding). Following that you have to open a trading account online. We recommend Bittrex, Kraken, Bitfinex or Poloniex.

Among the ones above maybe Bittrex is the most complex, yet most plain and clear and you can trade with the highest number of different coins. Opening an account is not a big deal itself: e-mail, password, security settings.

After that all you have to do is move the desired sum from your Coinbase account to the chosen crypto-exchange. This transaction takes about half an hour (and you get an e-mail notification). As soon as it’s done you can start trading.

We wish you more success than what we had as beginners.