Bitcoin Forum

Economy => Exchanges => Topic started by: volante5767 on October 16, 2017, 09:24:44 AM



Title: Bitfinex help please???
Post by: volante5767 on October 16, 2017, 09:24:44 AM
Hi
 im quite new to trading Cryptos, and am trying out Bitfinex, i'm finding it VERY daunting/confusing?
    I'm going to use the Exchange trading, trading with my Bitcoin balance, so i take it the currency has to go in the 'Exchange wallet'?  There are 3 wallets???
  Example:    Say i'm trading BTC/NEO, do i use NEO currency OR Bitcoin???
    Also, how do i end a trade that goes bad?
         Theres also a lot of terminology thats way above my head...cant find any descent tutorials on youtube?...just a few very poor ones!
Very frustrated as i have money sitting in an exchange and want to try to earn/invest.
    Any info much appreciated.
PS I put in 7 NEO and it said the Bitcoin value figure, then after that it says    =0.03????? VERY CONFUSED!!!


Title: Re: Bitfinex help please???
Post by: monkeydominicorobin on October 16, 2017, 10:29:37 AM
Hi
 im quite new to trading Cryptos, and am trying out Bitfinex, i'm finding it VERY daunting/confusing?
    I'm going to use the Exchange trading, trading with my Bitcoin balance, so i take it the currency has to go in the 'Exchange wallet'?  There are 3 wallets???
  Example:    Say i'm trading BTC/NEO, do i use NEO currency OR Bitcoin???
    Also, how do i end a trade that goes bad?
         Theres also a lot of terminology thats way above my head...cant find any descent tutorials on youtube?...just a few very poor ones!
Very frustrated as i have money sitting in an exchange and want to try to earn/invest.
    Any info much appreciated.
PS I put in 7 NEO and it said the Bitcoin value figure, then after that it says    =0.03????? VERY CONFUSED!!!

BTC/NEO means that you will exchange your Bitcoin to NEO. It will take your Bitcoin and turn it to Neo. You are actually selling bitcoins in this case.


Title: Re: Bitfinex help please???
Post by: volante5767 on October 16, 2017, 04:51:18 PM
Oh i see, Thanks a lot my friend.