bitcoin trading platforms and wallets !?

[Mohammed.SR]

Hello
i am a new to this forum and i don't really know if this is right place to post for advice from your expertise in trading and the markets for concurrency.
i was hoping to learn more about the platforms from you guys as there are hundreds of platforms out there for trading bitcoins, so my first question is what are the most trusted platforms by you guys tha also proved its trustworthiness in regards of cashing in your bitcoins and credibility? i also wanted to know if im living in the UAE can i trade on US based platforms ? does it make a difference ? or must i find platforms that are based in UAE or what are some of the best international platforms to use for trading bitcoins and how can i tell if this platform is meant for international use?

2nd part is regarding the wallets, lets say i bought a bitcoin on exchange platform, does that mean i have to transfer this bitcoin from the exchange platform to website that provides the bitcoin wallet service and can only trade it if i transfer it back to the platform and so on ? and does the same principle asked above regarding international or local based wallets apply ? or can i simply be in UAE and have a wallet in a canadian or american based website without any trouble ?

please take time to answer my question i really wanna get into trading bitcoin but i feel lost as there is little information regarding bitcoin and its trading in the middle east thank you for your time and effort in advance.

[Ethan_Locke]

Hi Mohammed,

 Your in the right place my man, ill start with the trading platforms that may be most appropriate for you. Some platforms are designed for simplicity aka newcomers and some are designed to cater for the more seasoned trader. I would recommend if just starting our to consider using a platform such as Poloniex, Bitfinex, Whaleclub and Bitstamp. The first thing you will need to do if you dont already own bitcoins is to purchase some in order to do this I would recommend using either Bitstamp or Coinbase both will require you to pass money laundering checks coinbase in my experience is the fastest and most simply to use as the bitstamp verification can take 48-72 hours. Once you own your bitcoin I recommend transferring it over to a trading platform such as whaleclub (brilliant trading user interface), poloniex (offers an excellent range of altcoins), bitstamp or kraken. Out of the options above I would recommend Poloniex or Bitstamp as they are the most trusted and effective.

 In relation to your second point, I would recommend the use of a VPN which will enable you to gain access to any type of wallett that you desire. You will have to transfer your funds between the exchange, trading platform and your wallet and this is advised an it will give you enhanced security. I recommend visiting a wallet thread on this forum to gain further insight about wallets from desktop to mobile and cold storage wallets.

Hope this helps,

EL.

[Mohammed.SR]

Hi Mohammed,

 Your in the right place my man, ill start with the trading platforms that may be most appropriate for you. Some platforms are designed for simplicity aka newcomers and some are designed to cater for the more seasoned trader. I would recommend if just starting our to consider using a platform such as Poloniex, Bitfinex, Whaleclub and Bitstamp. The first thing you will need to do if you dont already own bitcoins is to purchase some in order to do this I would recommend using either Bitstamp or Coinbase both will require you to pass money laundering checks coinbase in my experience is the fastest and most simply to use as the bitstamp verification can take 48-72 hours. Once you own your bitcoin I recommend transferring it over to a trading platform such as whaleclub (brilliant trading user interface), poloniex (offers an excellent range of altcoins), bitstamp or kraken. Out of the options above I would recommend Poloniex or Bitstamp as they are the most trusted and effective.

 In relation to your second point, I would recommend the use of a VPN which will enable you to gain access to any type of wallett that you desire. You will have to transfer your funds between the exchange, trading platform and your wallet and this is advised an it will give you enhanced security. I recommend visiting a wallet thread on this forum to gain further insight about wallets from desktop to mobile and cold storage wallets.

Hope this helps,

EL.

so basically what your saying is i can buy bitcoins from coinbase, then transfer it to an exchange platform such as whaleclub and start trading there, and whenever im done or have in mind to just sit on the bitcoins i transfer them to another website where i buy a bit coin wallet and store my bitcoins there? or do i have to have a wallet in the first place and it asks me in the website the second i buy bitcoins for my wallet adress to transfer the bitcoins i just bought ? and i just wanna make sure these trading platforms and this process is perfectly safe and legal without any complication as in tying my bank account to coinbase bitstamp wont have any problem since im living in the uae ?
and just to clear any confusing the trading platform is separate from the place where i buy bitcoins ? isn't the trading platform where people buy and sell bitcoins ?

thanks for responding bro appreciate it

[Blitzboy]

Hi Mohammed,

 Your in the right place my man, ill start with the trading platforms that may be most appropriate for you. Some platforms are designed for simplicity aka newcomers and some are designed to cater for the more seasoned trader. I would recommend if just starting our to consider using a platform such as Poloniex, Bitfinex, Whaleclub and Bitstamp. The first thing you will need to do if you dont already own bitcoins is to purchase some in order to do this I would recommend using either Bitstamp or Coinbase both will require you to pass money laundering checks coinbase in my experience is the fastest and most simply to use as the bitstamp verification can take 48-72 hours. Once you own your bitcoin I recommend transferring it over to a trading platform such as whaleclub (brilliant trading user interface), poloniex (offers an excellent range of altcoins), bitstamp or kraken. Out of the options above I would recommend Poloniex or Bitstamp as they are the most trusted and effective.

 In relation to your second point, I would recommend the use of a VPN which will enable you to gain access to any type of wallett that you desire. You will have to transfer your funds between the exchange, trading platform and your wallet and this is advised an it will give you enhanced security. I recommend visiting a wallet thread on this forum to gain further insight about wallets from desktop to mobile and cold storage wallets.

Hope this helps,

EL.

so basically what your saying is i can buy bitcoins from coinbase, then transfer it to an exchange platform such as whaleclub and start trading there, and whenever im done or have in mind to just sit on the bitcoins i transfer them to another website where i buy a bit coin wallet and store my bitcoins there? or do i have to have a wallet in the first place and it asks me in the website the second i buy bitcoins for my wallet adress to transfer the bitcoins i just bought ? and i just wanna make sure these trading platforms and this process is perfectly safe and legal without any complication as in tying my bank account to coinbase bitstamp wont have any problem since im living in the uae ?
and just to clear any confusing the trading platform is separate from the place where i buy bitcoins ? isn't the trading platform where people buy and sell bitcoins ?

thanks for responding bro appreciate it

Not exactly that you can buy bitcoin from coinbase. You need to register an account first and see whether you can buy bitcoin from your region or not. There are many regions that are not allowed to buy bitcoin directly from coinbase. However, there are many other ways to buy bitcoin. Why don't you check in your country whether there is someone who are trading bitcoin into fiat? It will be much easier to buy bitcoin and you can make a face-to-face transaction with him

[Ethan_Locke]

Yes thats exactly what im saying, some exchanges such as bitstamp offer a trading platform and an exchange service. Coinbase does not offer this, Blitzboy is correct in relation to the jurisdiction side of things. However there is a way around this if you have a VPN this will allow you to decide where your I.P presents itself, you can then access coinbase and purchase your BTC.

Only thing that you may come up against is converting your nationalities currency "dirhams" into USD/Euro's. This can be done on a fiat currency exchange but this is not something I have a great deal of experience in.

[LTU_btc]

Yes, there are many trading platforms. Most popular is Poloniex, Btc-e, Kraken, Bitstamp, Cex.io. You may try one of these.
Mostly of trading platforms/exchanges are international, but you need to check that your country is not restricted on that platform.
If you want to trade, your bitcoins must be on your account ballance on trading platform. So, if you have bitcoins on your bitcoin wallet and want to trade it, you have to deposit it to exchange. When you stop trading, withdraw bitcoins to your wallet.