Bitcoin Forum

Hello everyone. I am a total newbie, looking for a bit of advice. I want to start trading , but not even sure where to open an account.I am in the USA I would really like to fund it by using credit card cuz I'm a bit nervous about giving my bank account information. coinbase seems to be a popular one but from what I understand they only accept ACH's from the bank. Is there one that people recommend that over another? it looks like this could be fun to do, I'm obviously only going to put in small amount of money to see if I can handle it. Thanks

You can use a debit card with coinbase and then switch the funds over the pro for trading. Or just get a second bank account you can use.

Just test the waters with a few $ to start with.

That's actually a good idea, would you recommend coinbase or anything else. It seems there are so many.

Hi Newguycyrpto, and welcome to bitcointalk forum.  :)
Coinbase is suitable for you as an american citizen. It's a regulated exchange with good reputation. However, you still have many other options, you can try Bitfinex or Kraken..
I suggest you to visit the link in my signature, a great list of good exchanges is in there and you can choose the exchange based on the pairs you want to trade. It's safe to use, but better to do your own researches before to start as many things would appear complicated to you as a newbie (fees,KYC,TOS,...). Good luck

Quoting the late Tupac Shakur, “There’s 10 rules to the game, I’ll share with you two.”

Never borrow to invest.
Never trade more than you can afford to lose.

My main trading for crypto to fiat is done on coinbase. For crypto to crypto if you consider branching out I'd suggest binance.

I've heard of cex.io, kraken, bitfinex and poloniex but I wouldn't trust them as much.

Why doesn't it seem coinbase seems to have alot of people that don't like it. Is it like that with alot of the companys?

If you want to start with small amounts don't worry about your banking information, nobody will spy on you about $ 100. Then when you gain more experience, you will already know how to best do everything

Thanks everyone for the suggestions been a great help!

Yeah it's like that everywhere around here.. Some companies are bad and some are worse... Coinbase reported a few years ago that the company verifying their kyc info was selling it on and they had to switch.

Bitfinex lost 33% of all user funds through bad management of their servers. And similar things have come from other companies.

Realistically bitfinex paid back their funds though and I don't think much has been done with information that has been sold and it was just a suspicion coinbase had...

If you want safety and are prepared to pay a higher fee, you could use cash with an atm.

I think it is not a good idea to invest something that comes from a loan or a any credits since investment could always be risky at some point if you don't have funds don't invest at all.

You should invest money that you could afford to lose, I think giving your information in the bank is fine as long as the bank is working legally in your country.

I think it is not a good idea to invest something that comes from a loan or a any credits since investment could always be risky at some point if you don't have funds don't invest at all.

You should invest money that you could afford to lose, I think giving your information in the bank is fine as long as the bank is working legally in your country.
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I would totally invest only smaller money and money I could afford to lose. purchase wasn't sure if by linking a bank account to one of these companies if somebody could hack that information.

from the little research that I've done it seems like coinbase may be the best option for me. I'll do some more research and see if the any other ones pop up. Now I need to do some more information about this wallet thing.

If Coinbase has been suitable to the US citizen it might good if you will directly go to their exchange, the Coinsbase pro which is their exchange, and the Coinbase is their wallet where you can use to buy crypto to your fiat currency either bank or credit accounts.

Listen to the advise above, always spend a small amount that you can afford. If you will see that there's improvement of your trading activity and you have earn profit then, increase a little your capital and next when succeed increase again. Anyway, if you're not good enough in technical analysis much better to study with it before proceeding in trading.

Exacly, I can vouch for this. Actually here is the link, Bestchange (https://www.bestchange.com/).

*sigh How unfortunate that you weren't able to use Binance because it was fhe best IMO. Anyway, aside from the examples they mentioned, Yobit is also allowed in USA. Though it received bad reviews in tha past especially with its current issue about its signature campaign last year (correct me if I'm wrong, I can't remember when already ;D), I think it still considered legit. They are established last 2015 and I guess they will not operate until now if they're proven scam. Again, you can put this into your considerations but still don't forget to dyor.

Why are you referring yobit shit? They ran a signature campaign does not mean they are legit. If running a signature campaign ensures legitimacy, may be scam mixers would be the most legitimate project.
Yobit is shady exchange. It will never change them I think. I would never recommend anyone to use yobit.

No dude, I think you misunderstood what I said. I am not persuading OP to use Yobit just because they ran a sig campaign here before. Actually, I open up that particular issue for him to have a glimpse of its background and treat it as a risk :). Furthermore, I didn't forget to tell him to do his own research first. Don't get me wrong, I somehow agree that Yobit is not the best choice out there so I only tell him that he can put it on his consideration, to see it for himself.

You can use the Kraken exchange

Twitter account: @krakenfx
Facebook account: https://www.facebook.com/KrakenFX/
exchange site: https://www.kraken.com/
https://telegram.me/krakenfx

I am not promoting this exchange but since you are from the USA same with Kraken exchange an USA based exchange so it could be easier for you to make a transaction here. The exchange has high fees on transaction but I think it will do already when you wanted to do trading. And follow advises of the legend users here because most of them are right and trading in cryptocurrency is a high risk. Never ever to expect fast and easy money and just take your time to familiarize first the crypto volatility and never agreed or believe on so many speculations and hypes regarding to the crypto you wanted to trade.

Good Luck on your chosen path> in cryptocurrency.

I don't know but, I suddenly love this quote and the way it was coined! But then,
Trading is a serious aspect of cryptocurrency and probably where you can make the most but then, it's not what you just jump into. You've got to satisfy a few questions before you start trading. Some of it are:
1. Have you a concrete knowledge of cryptosphere
2. Have you knowledge of trading
3. Are you acquainted with knowledge of trading indicators
After answering all this and you must trade, don't start with what you aren't ready to loose. Not saying you'll loose though but, everything is possible. Can't suggest any concrete American based platform for you to trade with but then, which ever one your familiar with, ensure you get a concrete information of it before giving out your valued details to avoid being scammed and sale of private infos.

My advice to you is that you should listen to experts where to buy bitcoin using fiat like coinbase. You should trade small amount first. There are other things you can do too like investing if you wanted to but if you stick to trading you should learn to do analysis too just do it step by step.

Coinbase is the most recommended one, it's already suitable for you... but you can also trade on binance.
I've read that Binance stopped their service on US, but you can still use VPN if you want to trade on binance.

Do you want exchanges that requires KYCs? If not, you can choose exchanges that doesn't requires it.


Here's the top 5 decentralized exchange platforms based from trading volume.  (https://cryptobriefing.com/top-5-decentralized-exchanges-trading-volume/) Based from Crypto.com

Good day newbie and welcome to our forum as your statement you are a member that would like to join into the world of trading. I highly suggest that you open this topic into our trading discussion so they can suggest more to you.

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I highly recommend using the coinbase because this is the wallet that is suitable to your country and also it requires to have a KYC too like the other platform also they have supported the cards so you can transfer your funds easily.

Many people think that the yobit is one of the best platforms bases on my experience they have the list fastest transaction or sending funds but what are their cons too? This is the customer service you cannot reach their services easily and this is a huge problem for the members also you need to pay them to give you attention. Also, they don't support the use of trading futures unlike the binance so at the end of the day don't use yobit, yes to binance.

While looking for an exchange that suits your idea. You could also try to visit these boards: Trading Discussion, and Speculation. I am pretty sure, these boards will be a big help in your trading journey  ;).

Here are they:

• https://bitcointalk.org/index.php?board=8.0 - Trading Discussion
• https://bitcointalk.org/index.php?board=57.0 - Speculation

And you could also try to read some books or journals for your guides. If ever you want to make your trading journey into new level. Nonetheless, good luck, then!

I think having Coinbase as your trading platform is not that bad, as a matter of fact, it is suite really well looking on the place you were in. Personally, I preferably used those platforms that ran for such a long time since they have credibility, they are reputable and Coinbase is one of them. To be in fact I once used it in my past transaction and it works really well. But now I'm trying to work on Binance, maybe you could try this one as well.

You can start with Coinbase as the US is one of the supported countries and you can link your debit card to make deposits.
AFAIK it's a safe exchange with good reputation. At least I haven't seen any valid scam accusation against them.
All the bad reviews I've read were complaints about their bad customer service which is not very responsive.
Besides there is this:

There are many good exchanges and the first thing you should check is if they support your country because if they don't your account will be locked and you wouldn't be able to withdraw your money.

Wow everyone, thank you for all the help.I'm going to watch a lot of videos and do a lot of reading but I think I'm going to go with a company in the us like coinbase.

If you are doubtful about and the possible links into your bank account, maybe it doesn't need to push your self either. As we are engage into trading, online activities, we are already prone into hacking but we can avoid it we are not careless with our account keys and password. In fact, many have that struggles the same as you but later on, they will have no worries provided that you are dealing with a reputed exchanger's site, not by those scammers who pretended that they are a part of the team.

Just think not only twice but more, and need to have in knowledge before to start. That is the only way it helps you to decide.
Only choose one of those reputable exchangers in the market just like Coinbase, Binance, and etc. And try to visit trading discussion (https://bitcointalk.org/index.php?board=8.0)
trading discussion as well to have some more tips in regard to this.

My friend, as long as you are a beginner in the field of trading, you must first learn the basics of this field, and if you are going to borrow money, I do not advise you in this way, but do work in other ways such as signature campaigns and collect some currencies and start trading them or buy some currencies in proportion to your ability and start trading in small quantities

Welcome with us, as you are new, it is better to get tired first of all, and it is also better for you to start using small amounts so that your losses will be few if you are exposed to them and for the platform, I advise you to use the coinbase platform

There are couple of USA based exchange I know like bittrex, poloniex, and so many more, they are all good exchange that considers kyc in term of trading with them. This would be easy if you simply use your debit card, purchase btc and fund those listed exchange in your country and start trading as you planned. That's just simple for at a start.
I would given you a suggestion, to learn in holding coin since you are a newbie, going into trading would probably be a lost one because of lack of trading knowledge, purchase some couple of btc and use a little of it to trade as you wished. Success.

^ Couldn't have said it better.  "Total Newbie" looking borrow so he can trade crypto right out the gate.  I call those people "donors".  If you have to get into crypto, buy BTC & ETH, and just hold onto it.  I'm what you'd call a "seasoned" trader, but whales will set traps to make you think the market is moving in one direction - until it isn't.  Confirmation bias is your enemy.  You'll get a few trades "right", until someone that controls the market throws you a curveball.  It's at that point you realize you've been played. 

If you need to play around with trading, get an account on tradingview - and try it without real money first.

I didn't know a service like that exist. I just take a look to the site an loos awesome for those who want to learn about trading but don't want to risk their money on the way.

And for Op, remember trading is like gambling, you need luck and patience to get some real profit. If you are not sure about what are you doing, then better just risk small amounts.

It is OP is very clever.  He wants to keep himself fully anonymous and so he is afraid to link his bank account to crypto. Truly I believe him as a newbie but I'm not sure he is still noobs in creating another bank account which is the best option.

You are right, he needs to do more nor he rushes into trading without understanding the risk that it waits for him. Because if he is afraid of even losing a few bucks, I suggest to forgot thinking about trading.