New to alt coin trading, Help

[Fatanut]

You could start by looking for an altcoin exchange website, I recommend YoBit.net because of their interface. The support is pretty slow, though. After depositing some Bitcoins to start your trading with, go ahead to alt coin section and see what's the "trend" coin. Do some research about that trendy coin, they usually have a thread in here, and see what does other people think about it.

Since you're just new to altcoin trading, you have no other way of learning but to have some experience. Trust a user in the altcoin board and ask some advice, but don't trust him too much that you're ready to give him your coins. That'd be foolish. If the coin dies and you get negative profit, that's okay. If the coin rises, then that's good and that's also a sign that the person you were talking to actually knows what he is doing.

[Patatas]

You could start by looking for an altcoin exchange website, I recommend YoBit.net because of their interface. The support is pretty slow, though. After depositing some Bitcoins to start your trading with, go ahead to alt coin section and see what's the "trend" coin. Do some research about that trendy coin, they usually have a thread in here, and see what does other people think about it.

Yobit has terrible customer support and have been facing a lot of issues lately.Not a wise thing to advise to a newbie..Speaking of trendy coins,the pump and dump business is on the highest peek these days!You never know if exchanges get paid to promote shit coins.
OP ,just stick to bitcoin trading.Much more lucrative in the long run and definitely risk free!

Since you're just new to altcoin trading, you have no other way of learning but to have some experience. Trust a user in the altcoin board and ask some advice, but don't trust him too much that you're ready to give him your coins. That'd be foolish. If the coin dies and you get negative profit, that's okay. If the coin rises, then that's good and that's also a sign that the person you were talking to actually knows what he is doing.

To that I agree.Additionally,compare the prices of coins on different exchanges.Make sure the coin is accepted on more than 3 exchanges.Do not invest in the ICO's if you have no idea what's what.Read through the comments of an ICO thread and follow what expericed members are doing.

[morantis]

do not forget these couple things that can destroy anything you make on trading any coins

1. Fees.....Even if you buy low and sell high on a coin, there is a fee on both transactions.  Since people have recently spoken about YoBit, their fee is 0.2%.  So, you need to make sure that you not only make a profit, but that your profit is higher than the coming and going fees.

2. Marked price is not always true.  Again, using YoBit as an example, if you straight to the trading interface for a coin you will see that the buy and sell forms are prefilled with the highest and lowest prices for each, the best deals that are listed below each form.  But, if you are selling 50000 Doge and the highest buy order is only for 1000 Doge, then you are only going to sell 1000 automatically at that price.  The next buy order below that is the next to be filled and that price may be very different on a new coin.  The same is true on the other side. It does not matter what the going price is, the average price or any bit of information.  Anything is worth what a person will pay for it, and in the quantity that they are willing to buy or sell.

3. Order minimums.  Using YoBit again, you have a minimum order of 0.0001 BTC.  Small traders and new traders can make money on a new coin and then be stuck with that new coin because to sell they are below a minimum trade.  Another thing that happens sometimes is a person gets funds, say Doge, from a faucet and they sell them.  Let's say that you deposit 300 Doge into the exchange, jump in and try to sell them.  That is going to be below the minimum trade.  There are some that take their current BTC and then buy Doge to reach the minimum trade and then sell the higher quantity of Doge. Between the two trade fees, they come out with fewer Bitcoins in the end than before adding the Doge.

4. Last but not least, look before you leap.  I know loads of people that see a coin at a very low price and grab them up before they look to the other side of the page and see that no one is buying them back.  Again, price information matters not a bit if no one is willing to buy. 

[secone]

best trading places for me poloniex and bittrex.

tips from me, before you determine to buy the coin, it is better to find out information about the coin in this forum, twitter or others. whether the coin is increasing because of the hype of the game from the whales, or indeed any good info about the coin.

[morantis]

best trading places for me poloniex and bittrex.

tips from me, before you determine to buy the coin, it is better to find out information about the coin in this forum, twitter or others. whether the coin is increasing because of the hype of the game from the whales, or indeed any good info about the coin.

that is also a good point and do not forget that you can access that information through the same exchange that you are using many times, you can simply go to "coin info" or whatever link is much like that there are there are usually links to the wallet, github, the forum announcement here and so on.  but then, search the same forum for the name of the coin, as there may have been other threads opened and that can either be a very good thing or a very bad thing.

[Slark]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Instead of focusing on finding exchange and buy existing coins, why don't you start looking for new promising ICOs?
There is some projects going on which looks very promising and probably will bring its investors serious profits.
For example ICONOMI ICO is active right now, you can check their announcement thread here:

https://bitcointalk.org/index.php?topic=1587736.0

[Red-Apple]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Instead of focusing on finding exchange and buy existing coins, why don't you start looking for new promising ICOs?
There is some projects going on which looks very promising and probably will bring its investors serious profits.
For example ICONOMI ICO is active right now, you can check their announcement thread here:

https://bitcointalk.org/index.php?topic=1587736.0

i don't think that is such a good idea so i discourage you to do it also.
many of these ICOs are bad and many look good on the surface but turn into scams so fast you can't turn your head around and say what.

investing in ICO means investing in something that is not yet take any shape, it would be a great gamble so if you want to gamble then go for it.

but trading on the other hand means you can see the coin after it is released and it has shown its weaknesses and powers and also you can see the volume, the interest people shown and many other stuff and make your investment then.

[senyorito123]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Instead of focusing on finding exchange and buy existing coins, why don't you start looking for new promising ICOs?
There is some projects going on which looks very promising and probably will bring its investors serious profits.
For example ICONOMI ICO is active right now, you can check their announcement thread here:

https://bitcointalk.org/index.php?topic=1587736.0

i don't think that is such a good idea so i discourage you to do it also.
many of these ICOs are bad and many look good on the surface but turn into scams so fast you can't turn your head around and say what.

investing in ICO means investing in something that is not yet take any shape, it would be a great gamble so if you want to gamble then go for it.

but trading on the other hand means you can see the coin after it is released and it has shown its weaknesses and powers and also you can see the volume, the interest people shown and many other stuff and make your investment then.

It really depends on people if he really wants to invest on ick or not since they are the one who's entitled with their money and there are some potential ICO coins are existing today, but as you say there are  many scam coin existing there but you can really define wich is scam or not since some of them are givinf so much bunos and to good to be true offers to their prospects. And if OP wants to trade a coin who's existing on exchange well he must try to trade xaur,xhi,stratis and draco.

[serjent05]

best trading places for me poloniex and bittrex.

tips from me, before you determine to buy the coin, it is better to find out information about the coin in this forum, twitter or others. whether the coin is increasing because of the hype of the game from the whales, or indeed any good info about the coin.

I agree, poloniex and bittrex are so far the better if not the best trading place in cryptocurrency.  You can see almost all the major coins aims poloniex and bittrex since they have a good base users.  As for the coin, you can choose from the list of trading pairs and if you happen picked one, try to research it first before investing in it.  Read the troll box but never be influenced by it.

[Osarman]

i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

[Slark]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Instead of focusing on finding exchange and buy existing coins, why don't you start looking for new promising ICOs?
There is some projects going on which looks very promising and probably will bring its investors serious profits.
For example ICONOMI ICO is active right now, you can check their announcement thread here:

https://bitcointalk.org/index.php?topic=1587736.0

i don't think that is such a good idea so i discourage you to do it also.
many of these ICOs are bad and many look good on the surface but turn into scams so fast you can't turn your head around and say what.

investing in ICO means investing in something that is not yet take any shape, it would be a great gamble so if you want to gamble then go for it.

but trading on the other hand means you can see the coin after it is released and it has shown its weaknesses and powers and also you can see the volume, the interest people shown and many other stuff and make your investment then.

As you pointed out. With ICO investing you are risking even higher - but you can gain much more. There are projects with high potential, serious developers team, and community & investors backup.
That is why I listed ICONOMI as example as I think it is the most promising ICO being released right now. Chances that huge project like them turn out to be scam is basically 0%

Of course something could go wrong, but nothing is certain with trading & investing in crypto, you can lose money trading LTC or ETH as well.

[rizkyhiw]

i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

for me yobit only be good place to train your skills in the beginning .
but not good at all later if you continue trading for long term.
they are indeed have a lot of choice to trade altcoin.
but yobit for me morelikely to a scam trading platform  if you trade in high amount.

[Rukusilf]

i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

for me yobit only be good place to train your skills in the beginning .
but not good at all later if you continue trading for long term.
they are indeed have a lot of choice to trade altcoin.
but yobit for me morelikely to a scam trading platform  if you trade in high amount.

I mainly use the Poloniex for most of my trading. If the coin is not liquid, I will use the Bittrex. It is also good.

[PremiumCodeX]

Most members above has posted some of the popular exchanges and guides that you could follow. I am adding that you could try a new exchange too since new exchanges often pay some altcoins to test their features so to exchange. You may should not expect much profit from it, but it definitely is a money-safe way to start with trading.

[Bitcoinsummoner]

Most members above has posted some of the popular exchanges and guides that you could follow. I am adding that you could try a new exchange too since new exchanges often pay some altcoins to test their features so to exchange. You may should not expect much profit from it, but it definitely is a money-safe way to start with trading.

Do you have any places where we can see almost new exchange sites so that i can collect their trial coins to try their service?

[CoinBreader]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

First of all! before even you open a exchange account, you need to learn how to recognize a good coin from a shit coin
Spend some time in forum and read some decent coins i wont tell you which you must find them ill give you a hint ( https://coinmarketcap.com/ ) after that take a closer look on which coins have the biggest change (24h) & volume, after you make a list go read their ANN & their thread a bit, the 80% of that are good coins, so you get a first idea
 Now go on Yobit and take a look at their trading pairs on the top you will see some good coins , and after that you will see all the shit coins  go read their ANN and you will have an idea how a shit coin look like,

Then go to an exchange create an account , pick your coins you wanna buy in, look at their price & check their history price to learn the market , what price a go and when its a no go,
Go for Poloniex or Bittrex

And remember dont be greedy..! first you need to learn , prefer the easy way!
Good luck with your trades

P.S. never trust or even read the trollbox !

[Strongkored]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

First you must understand is that trading is a high risk activity, once you understand this please to signup in exchange like bittrex poloniex c-cex yobit and others, before choosing altcoin better to seek to know about the altcoin, learn more about trading and do not use the money that is prepared for everyday needs

[BitFinnese]

First i will suggest you to learn the basic of trading.  If you are unable to understand or go witht he basics of trading, it is not wise for you to venture in it.  Anyway, after you grasp the basic, it is now time to do your research.  Pick up a coin you want to trade and read about  this coin.  Make sure to visit and understand the flow of their thread.  And never listen to the troll box.

[Herbert2020]

learn to search and read a lot and that is the best suggestion that i can give you.

both about the trading itself, the basics and all other things about it like analysis and how it really works. and also you should read about the thing you want to invest in. if it is bitcoin you should know what it is and how its price is being affected.

if you want to invest in an altcoin then you have to know what that altcoin is really offering, and more importantly how many people are interested in it enough to make an investment. because even if the altcoin is good but nobody wants it, that altcoin will never grow.

[SilverPunk]

First of all ,you need to know what are the consequences of trading ,the risk of investing and losing of it with a wrong move .i would suggest a research on altcoins will be the best thing for you to know where to invest.