Similar to Bitterex, Poloniex is also a crypto-only exchange which will allow you to go ahead with your trading by depositing Tether dollars. The fee charges for this crypto exchange depends upon your choice (whether you are a maker or taker) and can be 0.15% to 0.25% accordingly. Traders looking for a variety of altcoins can check Poloniex for their requirements. Although you’ll get an intuitive mobile-friendly website to place your trade; there are no options in terms of mobile applications.
The platform offers you with good charting, trade history as well as functional order book where you can place orders on your preferred price. As your amount matches with an order of opposite matching, your order will automatically get partially or fully filled. Being a new market player, Gate.io currently allows you to register and create accounts for free. It also allows you minimum exchange fees, i.e. only 0.2%.
Congrats @nicolasvh and the team at Opus Labs - this has to be one of the top hunt's of the year IMHO. I'm heavy into crypto HODLing, trading and watching and have tried EVERY crypto tracker available for iOS. It's pretty simple; no trackers come close to Blockfolio, until now. Delta is the first app that has seriously challenged Blockfolio. Even if the team doesn't grow the feature set, it is hands-down better than Blockfolio, both in UI and functionality. Add that to the upcoming features that Nicolas mentions in the last paragraph of his intro and this app is OFF THE CHARTS!
The top of the order book will show you the lowest price at which someone is willing to sell a cryptocurrency, and the highest price at which someone is willing to buy it — but that doesn’t mean you can buy or sell the amount you want at that price. In fact, the amounts of a cryptocurrency that people are offering to buy or sell at the top of the order book are often quite small, which means that, if you’re trying to buy or sell a larger amount, you’ll have to go deeper into the order book: finding a counterparty who’s offering a price that isn’t as good as the “market price.”
When Bitcoin forks into a new cryptocurrency… everyone gets free coins. When Bitcoin Cash was created, everyone holding BTC got 1 Cash for every BTC they had. Next time Bitcoin forks this will be true again. NOTE: Forks can be confusing; if you aren’t in the fork for the capture date (which isn’t always clear) you don’t get the free coins. DO NOT CHASE FREE COINS (see next point).
With these cryptocurrency trading strategies, you can make your purchases based on the strategy that you like best, or combine the strategies and build yourself a unique, and sophisticated, trading strategy based on a combination of technical information and perceptional info that combined will give you the best shot at coming out on top. Understanding how to trade cryptocurrency is a formula for success. Of course, there are never any guarantees when it comes to trading, but using good strategies is always better than merely plunking your money down and hoping for you get lucky.
While these rules are by no means the only lessons you need, they’re definitely a great starting point. Sometimes, though, things are easier said than done, such as watching your portfolio value plummet and still having the iron willpower of resisting the sell button. One of the best solutions I’ve found to this was to join a community of like-minded cryptocurrency investors. Educated and smart crypto-traders, as well as the community members, will all be there to support your efforts and will be holding with you in the rough times.
Disclaimer: I am not a professional (or even a veteran) trader. I am an intermediate trader with a passion for cryptocurrency. I am disclosing my own ventures in crypto because cryptocurrency trading does make up a chunk of my online income and I want to be 100% transparent with you when it comes to making money online. Investing in cryptocurrencies carries a risk – you may lose some or all of your investment. Always do your own research and draw your own conclusions. Again – this article is aimed purely at advising; draw your own conclusions on whether cryptocurrency trading is right for you.
So far, everything we’ve discussed has involved taking a long position on a coin. That is, our focus has been buying a coin at a lower price than what we think we will be able to sell it at later. What if we have some indication that leads us to believe that the value of a coin is about to decrease? In this case, we could take a short position, which is the same technique that made some people boatloads of money during the 2008-2009 housing bubble.
One of the biggest draws to Binance is the super cheap transaction fees. Since Binance are in the startup phase, the fees really are some of the least expensive out there. Binance charge nothing for new deposits of coins onto the platform and just 0.1% on the value of trades. To put this in perspective – if you were to use your Bitcoin to buy $100 of Ethereum, Binance would charge you 10 cents.
The crypto world is a uniquely perfect environment for arbitrage. As William Belk argues here, the combination of it’s distributed nature, regulation, security, availability, and anonymity factors means that the marketplace has many inefficiencies, and that “arbitrage opportunities will continue indefinitely.” For example, some markets pay a premium for security, geographical location, or simply because they don’t know they can get it cheaper somewhere else. In some cases, the price discrepancies across different exchanges can be as much as 43%.
"People always think they are going to go in and buy when it's the dip," he says. "Say bitcoin is trading at $10,000, then a lot of selling occurs and causes panic and some investors reenter at $7,000. Then bitcoin bounces at $8,000, but goes back down to $6,000 and people buy back in thinking it's going back up and they are making money hand over fist."
ACTION: Go out and find a few other people that trade, find people you trust. Start a group chat on Facebook messenger — or on whatever platform you prefer. Each of you should research 2–3 credible sources to begin following and then delegate the sources equally. Each day your team should study their respective sources and relay only the necessary information to the group, focus only on information that is crucial for advising trading decisions.
Hello, mates. I know that many of you are looking for a trading place where you can buy and sell both cryptos and fiat money. This review is related to Bitstamp cryptocurrency exchange. Here I will cover such points as registration procedure (including personal verification), trading features, conditions (including fees) and some other important aspects.
Similar to Binance, KuCoin holds its roots in China too. Although, after the crackdown, it moved to Hong Kong and started with a sharp growth through its affiliate program. As KuCoin holds the reputation of being an early adopter of cryptos, you might want to consider it for long-term holdings. Your long-term HODL plans can lead you to earn good money.
If you choose to keep some stored on an exchange or a website such as Coinbase, then ensure you complete a full security setup and ALWAYS setup Two Factor Authentication, I recommend using Google Authenticator for this and not SMS Two Factor Authentication as your phone can be compromised by hackers. Google Authenticator creates a random number string each time you log in to protect yourself in case someone can get hold of your username and password.
It does not matter at what point you enter the market for a coin if you believe in the long-term. Bitcoin was once expensive at $1; it was then expensive at $10; people could not believe it when it hit $100; people could not believe it when it hit $1,000 and when it hit $10,000 they called it a bubble. It could be $25,000 next year or drop back below $5,000. My only advice here is not to chase something during a parabolic upwards move because it will almost certainly come back down.
Here you are completely abandoning investing and are now only speculating. Daytraders use the same technologies we described above. Their timeframes are simply much shorter. It’s called daytrading because the positions should be closed by the end of a working day. Some daytraders sleep badly if they own coins overnight. Who knows what might happen at night?