AvaTrade offers phone support and allows deposits and withdrawals through multiple avenues such as credit/debit card, wire transfer, e-payments, etc. The firm claims one-click functionality for buying Bitcoin or Bitcoin cash on its MT4 platform. Meanwhile, Plus500 does not have phone support, and instead, services clients through live chat and e-mail. Markets.com assists through in-platform live support and 24/5 help center.
It’s even crazier that traditional strategies that are used in valuing stocks don’t exactly apply to the crypto market. For instance, when valuing stocks, one can do a fundamental analysis by using ratios such as the price to earnings ratio P/E, debt ratios among others. These are concepts that don’t apply to the crypto markets. So can you value cryptos and make money in this highly volatile, but lucrative market? The answer is YES. Here are 4 tips on how to do so.
A relatively new name to the crypto exchange list, the Gate.io exchange started its operations in the year 2017. It aims to offer its users with unique coins and hassle free experience. Moreover, investors can find information related to the coins of their choice as well as market trends in the platform’s website itself. Their website operates in two languages, i.e., English and Chinese.
The other major risk to be aware of is that hackers are always looking for vulnerabilities to exploit. One example is the more than $30 million worth of Tether coins that were stolen. The most surefire way to ensure the safety of your coins is by using a hardware wallet such as these by Ledger. Keep in mind that this will slow down your ability to trade those coins, as you will be transferring them between the device and your exchange accounts (more on wallets and exchanges soon).

Read Part 2 of BTCManager’s series, ‘A Guide to Trading Cryptocurrency,’ here. In Part 3, we look again at another complicated trading style that focuses on your inner self and human behavior. Markets are chaotic. Cryptocurrency markets, even more so. But just because the markets are random and sentiment can shift rapidly does not mean you cannot profit from fluctuations…
For takers, fees range from 0.10 to 0.25%. There are no fees for withdrawals beyond the transaction fee required by the network. One of the unique tools on the Poloniex platform is the chat box which is constantly filled with user help and just about everything. Any user can write almost anything but inappropriate comments are eventually deleted by moderators. It can sometimes be hard to distinguish the good advice from the bad, but the Chatbox is a great tool that will keep you engaged.
The benefit of a USD wallet on Coinbase is that you can put money in that and then buy coins instantly from the wallet. If you try to buy directly with your bank account, the transaction can take about a week. A credit card doesn’t have this problem, but limits are usually lower on a credit card. TIP: I almost always deposit USD in my wallet as opposed to buying coins directly from Coinbase via my bank account when using Coinbase to buy (I do this on-the-go sometimes). You can also wire money if you need the funds to be in the wallet faster. On that note, I almost always then use GDAX to buy/sell coins when I’m on a desktop (then use Coinbase as my wallet and mobile app).

The smart selection of assets ensures the fund avoids the biggest pitfalls of the industry. Only assets with excellent fundamentals and growth potential pass the strict filtering process. Continuous review minimizes the exposure to bad assets. The portfolio is diversified across the whole blockchain industry, with different cryptocurrencies, technologies, industries, fiat currencies, and traditional assets all represented. The cryptocurrency market runs 24/7, and PentaFund ensures that the funds are protected at all times.
Hey Will. Thanks for the helpful guide! I’ve just gotten into crypto and found this info extremely useful. Just a question regarding how you keep your alt coins safe. As far as I can tell, you can’t keep many of these alt coins on a Trezor hard wallet, so do you just use something like My Ether Wallet instead? Cheers mate! Here’s to a cracking 2018!!
Let’s discuss the correct way of using the order book. A coin’s value is determined by the last executed transaction, at the junction between buyers and sellers, or according to the supply and demand forces. Those supply and demand commands are arranged in a table, better known as the order book. In crypto, it’s all about volatility. Thus, and following the previous tips given in our crypto trading article, when you enter a position it is recommended that you set the sell level to take profits. Alternatively, while aspiring to make it simultaneously, set a stop loss to minimize losses. But how will we know exactly where to place these commands? To identify both resistance and support areas, we start by analyzing the graph at the most basic level. A beginner’s technical analysis article will assist with this task. We identify points where we want to take profit (resistance levels) and simultaneously identify support levels. By referring to the order book we will find the optimal levels at which we will actually place these commands. Note that if support levels break down it is time to cut the losses.

Keeping up to speed with the news on Cointelegraph, seeking independent ratings on ICOs, and gathering as much information as you can on a coin’s background are essential steps before you decide to make an investment. After making a purchase, monitor any changes in price closely – and consider setting higher and upper limits on when you would want to sell your crypto, mitigating losses in the event of a crash and protecting profits after a surge.


When you are choosing the crypto exchange, look at and compare cryptocurrency platform fees, among other things. Using some crypto exchanges you will pay a percentage of each deal, using other ones you will pay for income and outcome transactions. You need to pick what fits you more. For example, Bitfinex charges Maker 0.1% and Taker 0.2% in fees based on the volume. Kraken charges Maker 0.16% and Taker 0.26%. European BitBay charges both types at 0.43%. You can see and compare fees schedules here.


You cannot “buy the dips” if you have all your money to invest already invested. LET US STRESS THIS POINT! The point should be obvious, but it bears repeating over and over. It is tempting to go all-in, but that limits your options. Consider always having some funds to the side to buy an unforeseen downturn. Even if you want to “go all-in” on crypto… leave yourself at least a little money to the side just in case. If you are all-in and the price takes a hard downturn, it takes lots of options off the table. It is hard not to go all-in when a coin goes down 60% – 80% over the course of weeks or months, but sometimes they go down even more than that, and it is wise to always prepare for the worst case.


Learn Technical Analysis. Technical Analysis (TA) is the analyzing of price and volume data and trying to predict future trends based on that. If you know how to read a chart, you’ll be better able to understand how things like candles, moving averages, RSI, and the order book can clue you into good spots to buy and sell. Crypto defies logic all the time, but basic indicators are still helpful to understand. TIP: You don’t have to be good at TA, you can just follow others who are. Fibonacci support and resistance levels, moving averages (try 12, 26, 9 MACD on 4hr candles), RSI, and a few other popular indicators are vital to wrap your head around. All the pros use these, and all the big players have bots who run strategies based on these (complex versions of these at least). You can’t afford to ignore TA if you are going to trade crypto and not just invest in it. I suggest you get familiar with tradingview.com ASAP. See a basic TA strategy.
Hey Jhon, I haven’t found a crypto yet that is really related to my hobbies – Crossfit and backpacking – but I would actually advise steering clear of investing in things linked too closely to what you’re passionate about; whilst insider knowledge of an industry is really valuable, it’s important to trade without emotion and if your trading a coin that is linked to a great love of yours, that becomes harder.
As you know, the focus of this guide is all about trading cryptocurrencies, but there are other ways to get a hand in the pot. Some people choose to buy a cryptocurrency and forget about it, much like you would do with some stock in say, Amazon. Other’s are actually investing through the stock market via the Bitcoin Investment Trust (GBTC). If you are a firm believer in the future of Bitcoin, both are perfectly fine ways to go about it.
Consider setting stop orders after you buy. Did I really just wait to point #37 to commit a whole tip to stops?! They are super important for everything except maybe building a long position over time. A stop order will create a market order when a price is hit. This means stop orders are subject to slippage and fees, but this also means you can calculate your risk. As a very general rule of thumb, one might want to ladder stops when not at a computer to protect their investment. Sure, crypto markets are thin (low volume), and that means prices could dip and eat all your stops (super depressing when this happens). However, most of the time we don’t get very deep and temporary dips, and thus most of the time stops will work as intended and simply save your investment in the case of a downturn. I.e., use stops, but be careful and understand the risks.
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Especially for traders dealing with fairly large amounts, multiple, small entries and exits over a fixed period of time (dollar-cost averaging) can help obtain a good price for an asset over an extended period of time. Consider using time-weighted average price trading: specify n, t, and p such that you buy or sell n of a cryptocurrency over t hours for an average price of p.
Payment Methods – What payment methods are available on the exchange? Credit & debit card? wire transfer? PayPal? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.
After a few months I got better at trading. I was earning more Bitcoin than I needed to cover my monthly expenses. At the end of the month I sold only what I needed, and kept the rest of my net worth in Bitcoin. Around this time in my trading career it was getting to the point where I could have bought a Tesla or put a down payment on a house by selling my Bitcoin.
TIP: The tips and tricks below shouldn’t be mistaken for professional investment advice; instead this is basic friendly advice to mull over. If you want professional investment advice, consult a fiduciary. For a shorter list that zeros in on some key points, see: 5 Tips for New Crypto Traders. See also, how to trade and invest in cryptocurrency and our crypto investing / trading starter kit.
Needless to say, Bitcoin’s place as an alternative digital asset among cryptocurrencies has become entrenched, despite likely headwinds it will continue to face as it evolves further. The U.S. Securities and Exchange Commission (SEC) announced in early August 2017 that certain Initial Coin Offerings (ICOs) – which use cryptocurrencies for financing – would be regulated as securities.

We’ve come a long ways in our path to becoming crypto traders, but there are still some very important things to learn. So far, we’ve learned how to do a fundamental analysis of a cryptocurrency, and that it’s important to do this so that we fully understand them before investing. But as traders, we need to understand what kinds of things tell us when should buy or sell. We need to understand technical analysis.
The natural inclination for crypto investors is to identify a new altcoin with the potential for growth, invest heavily when it's still inexpensive to do so, and then reap the rewards when the value increases. That being said, the altcoin market is growing so quickly that many new digital currencies hitting the market might not be good long-term investments.
Active traders looking to speculate on Bitcoin over the short or medium term may find that trading CFD/derivatives on Bitcoin using an online forex broker will provide them with 24hour trading, potentially lower margin, and the ability to go either long or short. Because of counter-party risk, choosing a broker is just as important as finding one with the best trading tools or commission rates.
As I mentioned before, the Binance exchange fees are really very reasonable and Binance charges just 0.1% on the value of a trade which is less than many of the other popular cryptocurrency trading exchange platforms. It’s free to deposit coins into Binance and you can even cut the trading fees in half if you pay with Binance’s very own coin – The Binance coin. This is probably only worth doing if you are trading tens of thousands of dollars worth of crypto at a time.
The trading strategy used is bollinger bands. (You can create bollinger bands on graphs in poloniex). The strategy is to buy when price touches lower bollinger band and sell when the price is above your bought price and also hits high bollinger band. If the price goes down and again touches lower bollinger band then invest another 25% of total investment assigned for a currency.
BTC remains the undisputed lynchpin of the whole crypto industry as its market cap comprises a staggering 43 percent of the whole digital currency market. Regulators around the globe have put BTC under increased scrutiny as official from the majority of nations are trying to devise strategies on how to regulate bitcoin along with other cryptocurrencies. Even though bitcoin has endured a rough 2018 so far, having plummeted over 60 percent since its December heights, it remains the most feasible option for crypto investors, according to Mr. Smith.

Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
Market orders allow us to exchange any amount of coin right away at the current market price. Orders are filled using the best available price in the exchange’s order book. For example, if you placed a market buy order for $100, it would buy from the lowest priced sell order(s) until you had used that $100. The advantage is that this transaction is always completed immediately; the disadvantage is that we don’t know exactly what price we are going to get.

Tokenized crypto funds such as PentaFund are a way to benefit from all of these and more, without the legwork. Simply buying a token is enough to gain exposure to the awesome gains of the blockchain industry with the guidance and protection from the pros. Tokenized funds are one of the key products that will bring cryptocurrency into the mainstream, and the best time to get in is right now.


Bitcoin has had phenomenal growth in its price and MCap since inception. If we exclude other cryptoassets, Bitcoin has been the best performing asset in the world every year since 2009 through to December 2017 with the exception of 2014. It has beaten all global currencies, equities, commodities, bonds, ETFs, real estate throughout that period. Bubbles are by definition short-lived, they do not keep bubbling for eight years.
Cryptocurrency. Lack of regulation is its biggest appeal. However, that may change, given a recent call for regulating this segment. Though it is a big hit with investors, especially because of the record run of Bitcoin, the most popular of all the digital currencies, there have been skeptics crying foul over the legitimacy of this investment class.
In 2015 and the beginning of 2016, when Bitcoin held solid – as solid as Bitcoin can be – shuffling around $300 per one BTC, the game was trading Altcoins in order to gain more Bitcoin. It was expected that Bitcoin would grow higher in the future (the Pygmalion effect). Having a rather volatile base asset, such as Bitcoin, raises our need to compare our portfolio performance both in terms of its Bitcoin’s value and its dollar’s value. Many traders decreased the number of Bitcoin they are holding during the past year (hey, and it wasn’t hard when Ethereum got cut 70% from its Bitcoin all-time high…) although it had a nice dollar yield. Bitcoin’s growth made a lot of money for the crypto market, causing its total market cap to increase 30 times during the last year! As traders, it is important to keep Bitcoin as your base asset, but also not to forget the dollar value, and to take profit sometimes. You should always see the bigger picture – crypto is only one tier of your investment options. There are also the stock markets, real estate, bonds and many more investment opportunities. It is important to spread the risks among the crypto portfolio, as well as in the whole household investment portfolio.
Almost every crypto-list today starts off with the king – Bitcoin! Satoshi Nakamoto created Bitcoin a long time ago, and it was the first cryptocurrency to step blinking into the bright light of the world! Bitcoin has surpassed all expecatations and continues to grow in value and popularity – despite recent setbacks and a lot of FUD from trolls and haters (read: traditional banks) online.  Will Bitcoin continue to increase in value in 2018? Recent trends say: Yes! In my opinion, any cryptocurrency portfolio should hold some Bitcoin.
The benefit of a USD wallet on Coinbase is that you can put money in that and then buy coins instantly from the wallet. If you try to buy directly with your bank account, the transaction can take about a week. A credit card doesn’t have this problem, but limits are usually lower on a credit card. TIP: I almost always deposit USD in my wallet as opposed to buying coins directly from Coinbase via my bank account when using Coinbase to buy (I do this on-the-go sometimes). You can also wire money if you need the funds to be in the wallet faster. On that note, I almost always then use GDAX to buy/sell coins when I’m on a desktop (then use Coinbase as my wallet and mobile app).
The cryptocurrency market is insanely volatile in 2018. You can make a fortune in a moment and lose it in the next whether you trade Bitcoin, another coin, or the GBTC Bitcoin trust. Consider mitigating risks, hedging, and not “going long” with all your investable funds. TIP: If you trade only the top coins by market cap (that is coins like Bitcoin Ethereum), or GBTC, then the chances of losing everything overnight are slim (not impossible, but slim). Other cryptocurrencies are riskier (but can offer quick gains on a good day).
Limits orders allow us to place an order at a specific price. We can specify the amount of coin that we want to buy or sell, at the price that we want this to happen at. You may have noticed that the order book is always full of sell orders that are a little higher than the current price and buy orders that are a little lower. The advantage with limit orders is that we can do do the same with our orders. The disadvantage is that our transaction likely will not be filled immediately and will count on the market price to make its way towards us.
Don’t invest blindy. There are people in this world who would sell a blind person a pair of glasses if they could make money. Those same people play in the cryptocurrency markets and use every opportunity to exploit less-informed investors. They’ll tell you what to buy or claim certain coins will moon, just to increase the prices so they can exit. Due to the highly speculative nature of the cryptocurrency markets today, a good investor will always do his or her own research in order to take full responsibility for the potential investment outcome. Information coming from even the best investor is, at best, great information, but never a promise, so you can still get burned.