Bitcoin Forum

What does the broke common man do with $200 to get started in the Crypto Market.

Which exchange is best for the broke man?
Can a broke man trade bitcoin/altcoin without an exchange?
Coinbase vs BitConnect vs Bittrex vs Coinigy????

What would my Crypto Guru's do??

Well, first you must find the exchange, that you will like. The most known are: Bittrex,Bitfinex,Binance,HitBtc... It depends on which coin you have chosen, because are different coins on the exchanges.

200$ is ok to start for the beginners, but you are too late for bitcoins with that amount of money. You should trade altcoins, that price is 0,0...-max 2$. I suggest you to try IOTA but it’s to high now.

I am using Bittrex and Bitfinex.

Well, fix your self first before you go thru,  because in crypto theres a lot of challenges you can encounter. so being a broke man you cannot done any single of activity if you dont fix your self,  any ways about your concern,  use coinbase if you want to own a any single bitcoin to role up into crypto business. $200 is enough for me to role up into trade most probably altcoin to get profits. Then try to visit some other trusted trading sites like etherdelta,  hitbtc,  poloniex,  cryptopia for you to meet the other alts that you can really get some profits from your $200. But choose wisely.

Don't get me wrong, i love the bitcoin technology, and part of the bitcoin community... But crypto currency will remain a high risk high reward investment for now... If you are a broke man, i personally wouldn't invest my last $200 in BTC... But that's just my personal opinion.

IF you really want to go trough, here's a partial list of possible BTC/FIAT exchanges: https://www.coingecko.com/en/coins/bitcoin/trading_exchanges#panel
Next to this, you have localbitcoins, this forum and probably another 100 places where you can exchange. Do your homework and see which exchange gives the best rate compared to the fee compared to their trust rating...

Use half of that but first take $20 and buy a few of s whole lot of different coins s you can see how it all works and try make a profit for yourself then only move on to the $100 the other $80 you can invest in Bitcoin and then invest those bitcoin in a place like Yolodice and get a few % each month. If you choose some good coins maybe some POS coins you can stake and turn a quick profit a few times. Soon your portfolio will increase and you can concentrate on making small amounts of profit lots of times.

You can put a small share in Chain Group (https://chain.group/61185), it is like BitConnect but better. Nice profit each day, payout works well.
You can start with as little as $5 and use your profits to buy some of the top 20 coins on https://coinmarketcap.com.

learn forex technical analysis which is a lot like crypto trading.

If you know how to do this you could even start with 50$ and after time you will have some extra money, firstly find side that you will be able to exchange and start learning this craft.

only spend what you can afford to lose.  I've lost $200 in 5 seconds doing this stuff.  my suggestion would be to invest in a fraction of a bitcoin, move that to an exchange, and find a bunch of coins that are in the .10 to .25 cent range.  watch them closely, flip/sell when indicated, and you can easily add money to your account.  I follow all of my coins on twitter and I watch for activity.  if a coin is stagnant, nothing happening and no social media going on, dump it.  read crypto news but take it all with a grain of salt because it is hugely speculation.  take advice on forums with more grains of salt.  but this technique has treated me well for 2 years and I have made enough to feel confident in telling you this

I guess you could start off by getting urself a btc wallet and buying some bitcoin  :) Than choose an exchange, I suggest Bittrex or Poloneum

Does Chain Group really pays you? And not scam? Because i wqs scammed by aurora mine and bitchair and other alike

First of all do you have any knowledge about the trading because cryptocurrency is big voltaile market. You have to wait patiently for good returns in the market and you have analyse whether which coin can give you profit. I think Bittrex and Poloniex are the good exchange because many people are suggesting those exchanges.

with that $200 you can make profit from investing in bitcoin, for now the price is so high, but if you wait too long, the price will get higher, better to invest now, if you want to invest in altcoin, please choose altcoin that has stable price, you can use bittrex, poloniex, coinexchange etc as your exchange to start to trading. dont use all of your balance, trade with buy small amount first, if you have experience with that market and coins, you can do whatever you want. keep try to avoid the dump. dont be panic and stay calm.

create an account in coinbase and buy any coin like BTC ,ETH,LTC..and from there you can transfer coins to exchange like BITTREX and invest in some atlcoins

Yeah I’ve received payouts and withdrawn it to my BTC wallet.
Chain Group (https://chain.group/61185) has been around for a few months, of course can’t guarantee they will be around forever.

$5 isn’t a big risk, that’s why I decided to try it out.

That's such a bad idea to offer to a newbie...

I never knew, one even existed  ;D

I recommend Bittrex , Poloniex

With your funds , should target on small coin like XRP , IOTA or GNT

Good luck !

I am sorry to hear about that.
And yes, with $200, you can start trading!
There are many platform out there like Coinbase, Bittrex, Bitfinex, Binance

I am using Bittrex and Bitfinex.

And you have to educate yourself about Bitcoin and Altcoin. For that amount of money, I recommend you to buy XRP. It is way too undervalued coin.

Remember, do not get panic in the cryptocurrencies market, it is a Ocean with Big waves. Every minute is changing!

You should look for a potential atlcoin and buy them. This will get you profitable fast.

200$ is ok to start for the beginners, but you are too late for bitcoins with that amount of money. You should trade altcoins, that price is 0,0...-max 2$. I suggest you to try IOTA but it’s to high now.
There are also one blockchain platform to turn time into the cryptocurrency is one of the projects which Im expecting so bad. https://mytc.io/
Min to start is 30

In your place I would look around for some good-looking crypto and invest. If the development of the coin runs correctly, you will be able to get a lot rich.

here is my list for some nice coins, here is my list.

Ethereum, Monero, and Dash 
 
you can almost buy a monero and a half on a eth.

and for a exchange, bittrex  is good.
 

with that $200,, you can invest on altcoins which has good potential. split your money to investing in two altcoins, you can see the coins that will be good enough to be invested, keep hold your coins then sell it when you get enough profit. but it's not as easy as it looks. better do a research before investing on altcoins. if you want to keep your money on bitcoin, it will be great sound.

Welcome to the club, there are a lot more broke people out there than you might think.

At least you found a great place to learn about Crypto.

It's never too late to invest on bitcoin, even with that amount of money. You can make small profits with it, but if you like you could also invest on alt coins. Choosing the best exchange for me is based on the fee. I trade on Etherdelta or Cryptopia when I sell or buy my alts, and Bittrex for my btc.

Thanks for the useful advice. I tried buying some altcoins yesterday but the site that I used had a $100 USD minimum purchase.

I was thinking that I'd have to wait a while but now I can invest sooner. More safely, too.

I would read a lot and understand what is cryptocurrency before investing, even if we're talking about $200

Invest in waves cause in next month you will have 2x more money imo, so just try to do some investments in thrash coins, but never invest all money in one.

Althought ICOs are risky but If you dont mind to put $50 - $100 to an ICO, but do the research carefully and your capital will be moon after sometimes. So choose wisely

I started too last week into crypto. I buy Nem/Xem and make a profit, when I have sold, from 200%. Now it's fallen down, but I am sure, they go up in future. My prediction is 1$ or more in the end of year or at beginning 2018. There's so many potential.

I also buy Ripple, but for now I make low loss with that. But for sure they're going up in near future.

Regards,

STiCKSTOFF

Never put whole 200$ in one coin just try to split it or give small amounts to thrash which could just pump in next weeks cause this will give you possibilities to earn.

IOTA will only get higher bro. big meetings coming

Yep everyone is going to have differing opinions on their ideal money-making altcoins...

So i'll chuck in my two cents - ETN, Waves, XRP.

And its better to have a budget and a plan than no budget and no plan and be that person who wasted everything on a shamcoin :) Good luck!

As practice shows, the beginners must start with the small sums of money, so 200 dollars is not so bad if you are a newbie. Buy Ripple and Ethereum Classic. For instance, Cardano is also cool.

If your are new, take a time to learn a got a lot of informations before do something.
I use CoinBase but the fees are very hight.

Take your time to read a lot.
Chose your coin / token and wait for the right price, if you miss it choose another one, there are plenty to choose from and even more to come.
Spread your money a little
Don´t expect things to go fast, be patient but always on the look.
Good Luck

if he heard your speech then he already made 2x from this

Get bitcoin, go on bitmex, 100x long and cross your fingers.