Steps on how to start trading cryptocurrencies

in #cryptocurrency7 years ago

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The crypto market is booming. In this article i will give the basic steps on how to trade cryptocurrencies. To begin with, there are two types of traders, Swing traders(long term) or short term traders

  1. Get Bitcoins - Either get bitcoin from person to person or you buy online . there are many websites to buy bitcoin online. eg coinbase.com( have access to buying some altcoins eg LTC and Ethereum with fiat)
    luno.com/2GCDM
    localbitcoins.com
  2. look for an exchange site - there are many exchange site to trade crypto but a few i will recommend include;
    Poloniex.com
    bittrex.com
    bitstamp.net
  3. Send bitcoins to the exchange site
  4. Join a trading community e.g High altitude investing trading community
  5. Start trading
    btc.png
    Tips
  • don't trade on exchange sites with low volumes
  • Don't margin trade
  • Patience is key