Bitcoin Forum

So you see guys, i am really starting to like the idea of trading bitcoins and other alternative coins. And i really wanna try it, but sadly, I really don't know where i should start. Given the fact that i dont have a personal computer or a laptop. All i have is an iphone gifted to me by my sister. So my question is, can I do trading by using only my cellular phone? I mean, I can't have different kind of wallets for other coins because almost all new altcoins dont offer a wallet app for iphone. Should i forget the idea of getting into trading?

Honestly trading bitcoins/altcoins takes some dedication and analysis to be successful and if you don't even have at least a laptop or computer that you can buy then there's no point. A laptop that's meant just for trading isn't that expensive maybe $500-600 max. You can use a family computer just as long as you log out and you can use that phone for 2-Factor Authentication.

There is no need to have web or desktop wallets for every coin you trade, you will trade the coins which are listed on exchanges and hence can be kept on exchange and then can be converted into Bitcoin or ETH. With one Bitcoin and myetherwallet which are available on mobile, you can easily trade using your phone. Exchange websites might open slow or are less responsive. But mostly all can be opened on mobile. Try Bittrex, Poloniex etc, they are all available in mobile versions. For fetching data about various coins, Coinmarketcap is best for mobiles. But this is not all what you'll need. Altcoin market is highly volatile and unpredictable. Make sure to analyze the coin before trading.

Sad thing is, we don't have a family computer, and besides, i just wanna try it out a bit by trading small amounts, i wanna have a feel for trading first before i go in and invest a lot of hard earned money.


Why should i do it quickly? Does bitcoin and other altcoin's prices actually change that fast? And why is it dangerous? I mean, in what way? How can you say that it is dangerous??


Why do i always hear that having a pc or laptop is important in trading? What benefits are there when you use a pc or laptop when trading than using a cellular phone? And why should i create lots of acounts in all those mentioned trading sites?


Ok, thanks man, but what is the best trading site? Should i really create an account on all those trading sites? Or should i just choose one?
Yes, i agree the altcoin market really is so volatile and unpredictable. I will surely take that suggestion into account. Thanks man.



Sorry for asking too much guys, i am just excited to learn about trading and experience it myself.
Thanks for all the responses. :)

I think Desktop and Laptop is ideal for Trading. You can also trade by phone. But the problem is most of the trading website is not mobile responsive. That's why you have to use Desktop or Laptop.

Before buying a computer / laptop. Maybe you should have a look into how trading works. Buy some books and learn technical analyses. If it sound like fun you can install a VM (virtual machine) on a friends notebook and start there. Really depends on your budget...

Good luck.

Yes, you can do trading even if you have just an iphone. No need to have a pc, although it would be better. There are many exchanges which have mobile versions, just be sure to choose the one you like the most. Then you don't need to download all the official wallets, you may just exchange's dedicated wallets.
Also, there is coinomi for mobile which is a good and reliable multi-currency wallet.

You don't need a laptop to trade with Bitcoin or Altcoins. All important exchangers for altcoins like for example Bittrex, Poloniex, Bitfinex, Cryptopia or Yobit are accessible with your iPhone. Make shortcuts to homescreen to simplify surfing through the sites. You can use wallets from appstore, online wallets and offline wallets for example paper wallets or hatdware wallets to store your coins. Don't save them on exchangers. Only use them there to trade.
BTW I would reccomend you another title for your thread f.e "iPhone - trading and wallets".
So it will get more visitors like  iPhone users who will share their experiences and users who look for infos.

No, you need not to have account on every exchange. Stay on Bittrex or Poloniex as for now. They have enough coins listed. So, there won't be any problem while trading and also they are quite popular and secure. People usually have accounts on various exchanges for arbitrage opportunity(buying from one exchange and selling on other where price is bit higher) and many new coins don't get listed on Bittrex and Poloniex easily. For such coins Novaexchange, cryptopia etc are good. But as you are still starting with trading, don't get much involved with new coins.

Hard research is barely needed I know its confusing at the beginning but investing with your learning is the good tools before starting as we are inside into a new surroundings and people have different approach so I guess with all the insights you just be keen to learned it before doing any actions.

Actually bro. You do not need more wallets because of the exchanging site itself. So we should have wallets in different coins because we plan to hold it for a long time. And you know if you can trade in your phone. Yes, just as long as you get acess on the internet you do not have a problem. and I just want to make it harder to check on the value of your coins just download the blockfolio apps.

You can but it is extremely inconvenient. Some sites only have support for computers so the UI will look really crappy to you.

Download a multicoin wallet such as Jaxx, and you'd be fine. Obviously you can't store every single coin on Jaxx since they only support a handful of them, but it is good enough. For small amounts, just store them on the exchange. But withdraw as soon as you hit like $500 on one coin, because exchanges do go scam sometimes.

I would definitely recommend trading btc with fiat payment processors, you can get so much more out of the spread if you know how to cash out gift cards or prepaid debit cards than if you traded altcoins. But it's really your choice.

Of course you can, as far as I know the market already provides a wallet to store your assets, do not worry all your iphone can do, deposit using iphone then go to the bank to deposit in order to trade or you can seek for the gift of this forum.

Why can't we use our cellphone for trading? what will happen? I studied that even if a laptop or desktop and different kinds of computer we still trade even if its offline. So can't we actually trade using cellphones even some one stated that trading is actually meant for laptops? etc.....

For sales, you need to use a laptop, or other mobile device with a good Internet speed, because the success of any transaction depends on the speed of decision-making. Just create a record on different platforms of exchange and into battle)).

Don't forget to learn TA. If not you'll just be losing monies  ::)

I think you can trade using mobile, because some cryptocurrency exchanges have a nice design view when accessing via mobile.

and if you are having trouble finding wallet apps, you can save your assets on the exchange.

I started trading with android. I never install any wallet, wholly trusting exchange. Having said this, trusting any third party is very dangerous. For the coin you want hold for a while you must have your private key. And also use authy 2factor for your exchange s.

No no no, please never use smartphone for trading cryptocurrency if you not want loss your money in future.
Although use smartphone trading very useful, but when you want calculate or analysic chart, volume, the function from app trade not enough for you.

I've never found a mobile browser that could make decent use of an exchange. It always seems to either die before it loads or freezes.

You can give it a try but you'll be hobbled before you can get going. You can buy a laptop that'll do fine for $50. Sell the iPhone and buy a crappier phone and a computer. Your wealth will thank you for it.

No don't do that, just because your tools are limited you can't just let a thing just go away and forget about it. That's not enough reason, selling your iphone will help you get a pretty decent smartphone. Trading is a very good alternative to signature campaign and mostly this is where people earn money so much. Little by little you'll learn here but in order to be in the competition you must learn how to trade and you must mold your knowledge on trading or else you're just throwing away your money.
Make some decent fund and learn along the way. Don't stop. Good luck.

I will suggest him the same. Trading is somehow difficult but also more profitable than other means. Practicing trading at small exchanges is a nice way of learning the basic strategies. We just need to belittle patient when treating with expensive coins like bitcoins. Big profits take time.

Yes, you can trade with your mobile phone. Wallets for altcoins are not a problem IMO, just keep them on exchanges and have wallets for the "main" coins like BTC, LTC, ETH... etc.

Sure it is more easy to trade with a computer, but it does not look impossible to me to use a cell phone.

there are many exchanges that are design according to the android phones and you can also find some of the app design for the trading of altcoins.
i think you can also access the famous exchanges through you iphone through google and just make them bookmark on your's phone. it is hard to use but it is hard to do trading through phone but not impossible. it just need more efford to do.

Before I entered trading I did read first a trading lesson that was found on google. great help to newbie. If your problem is that you do not have a laptop or computer, your iphone as long as you have a internet connection will be trading. you do not need to download wallet applications for altcoin the trading site has wallets ie exchanger for the transaction.

If ypu ask me, i think it is okay, because a lot of trading sites are accessible via a mobile phone. But the thing is, not all of the trading sites. Which could definitely limit your choices. In regards with the wallet problem, unless you don't go and store a lot of value on them, you can use wallets that the trading sites have already. So you really don't have that mich of a problem. But keep in mind that using a pc or a laptop rally has a freater advantage than using just a mobile phone.

My friend is only renting on a computer shop when he started, So what he did is just join signature campaigns , twitter campaign etc. Then from that way of earning bitcoins he invest on a computer and now he is also holding different coins and waiting for them to rise up again. There is no excuse in bitcoins , It can make you rich in a very short amount of time.

trading does not have to have a computer or laptop, with your smartphone can already sell and buy altcoin or bitcoin, for loyal market purses have their own wallet in your account, all in the online world without having a computer, so this all depends on you itself seriously undergoing or not.

A laptop isn't a way only to trade.Actually i was wholly concentrated on my pc considering it is my only companion for my online jobs,trades but the unexpected truth came in front later when one day  my pc got offline and i took help from my smart phone.
There are many smart phones in market these days which let's you open desktop pages over their browsers securely.

To be quite honest, over an iphone alone i would only by coins to hold. Not short term trading.
try to see wich of the established coins have iphone wallets. download cointicker or a similar app to be ontop of the prices and buy to hold mid to long term.
Poloniex mobile site is not bad but wont allow you to porper analyze things fordaytrading.