Bitcoin Forum

Hello there

I use Coinbase to purchase my BTC and then transfer them to Bittrex to invest in other currency. However, the transfer-fee is too damn high. I'm thinking about Copenhagenbitcoin, just contacted them. But at this point I'm open to anything since for a second start it will be a small amount, under 200 USD.

So a place where I can buy BTC, transfer them to a site which allows alt coin-trading - and then trade them from that site back in BTC so I can get, if I want, get out so cold hard cash.

Any advice?

Thanks

Oh, and yes: im interested in NEO, ADA (Cardano), XMR (Monero), BCH (BTC cash) and XRP (Ripple)

Bittrex is the one of the best exchange that I prefer to trade with, you can use hitBTC(link (https://hitbtc.com/)) if you don't like bittrex. However, choose wisely on which altcoin, apparently this is really not the right time for getting your hands muddy in altcoins, the prices have gone down terribly. Will not suggest to invest, cause I have got quite a bit of loss when converted to bitcoin. If you want fiat trading, I think you can use kraken(link (https://www.kraken.com/)) for that.

I don't know of any exchanges that do as you said and let you buy btc for fiat and then trade btc to alts in the same site. It's just part of the process that you will have to pay some pretty exorbitant fees. My advise is suck it up and pay the fee, it shouldn't be more than a few % and then you can make it back with your successful trading!

I think the simplest way for you to invest in altcoin is to choose a good time to buy bitcoin and then exchange it with the potential altcoin to increase in time. Remember to research the coin you are investing. Now is a good time to buy into altcoin.

I would suggest you to buy first Bitcoin and put it into your own wallet. (you should keep your private key). Then go to an exchanger or better several exchangers like cryptopia , Lifecoin, Poloniex, Bitfinex and only deposit funds, that you actually want to trade. Keep the major amount of BTC in your wallet without trading.

yes your correct the transfer transaction fee i think thats normal because the bitcoin price are laso to high the price value, and your not in the right time to buy bitcoin to use in the trading todaybitcoin is vey expensive.

What currencies are you investing in right now and what are your expectations on the short (3-6-12 month) and long (1-3-5 years) run?

Sounds like a good idea, will keep in mind surely when I decide to invest some 500-1000 USD.

I also used bittrex for trading and exchanging my bitcoin and do trade some altcoin, so far I don't have any troubled with this site. First creat your own wallet to stock your bitcoin then transfer to the exchanger site if you do trading. But theres exchanger site now who was really so high fees when you withdraw your bitcoin,
Choosing of altcoin when you trade now is very risky there's many altcoin emerging in crypto market beware some of them are scam.

I like BBOD. They have a pretty good range of altcoins (ELA, DCR, DGB, etc.) - you can trade with leverage, buy or sell - so you can earn profit when market goes up or down.
Whats' more the funds are secure because BBOD introduced non-custodial accounts - which means that BBOD does not hold my coins.

It is more advisable to buy at the most popular exchange rather to a new and unfamiliar one to insure your safe to buy and sell cryptocurrencies.

I should recommend Binance. They have by far the lowest fees. bittrex charges 0.25%, Binance only 0.1% and if you hold a little amount of BNB you receive an additional 25% discount and you will only pay 0.075% fees. If your exchange BTC regularly to alts and back I would really suggest to use binance. On a long timeframe you 'earn' more because of the lower fees.