How do you trade your crypto currency?

[debby duchess]

Want to know how you trade and how it works. Thanks

[japaninja]

You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:

-Poloniex
-Bittrex
-Binance
-Bitfinex

I suggest you do more google research before actually trading.

[nl247]

Knowing all the exchanges to trade is one thing which the user above me have already listed out but knowing how to trade is the most important thing. No one on this forum will definitely sit you down to let you know how to trade safely and effectively as you have to search online, the forum and YouTube yourself to get some resources you may need to learn. However, I will advise you make some search on YouTube, as you will get some good resources to get you going pretty fast there.

[debby duchess]

You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:

-Poloniex
-Bittrex
-Binance
-Bitfinex

I suggest you do more google research before actually trading.

which one works for you?

[wordspavovv]

Want to know how you trade and how it works. Thanks

You need an account to a trading platform, poloniex and bittrex are some
Then you can buy cheap and sell high

A better way of trading is to buy ICOs and when are available in trading platforms to sell them or wait until is the right time to sell them...

[crzy]

You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:

-Poloniex
-Bittrex
-Binance
-Bitfinex

I suggest you do more google research before actually trading.

which one works for you?

Personally Poloniex and Bittrex really works for me. But of course it is still base on your preferred site because all of them are really good. I can with cryptocurrency with those exchanges and sometime on my wallet alone I trade. Yeah do more research about cryptocurrency and how trading works to save your money from being loss.

[no0dlepunk]

Want to know how you trade and how it works. Thanks

I use poloniex. Normally I watch the price and the volume and then wait until they cross each other. Some tricks in the stock market works, while some doesn't. I'm not a successful trader though, and I make more money in HODLing bitcoins. So please take this advice, do not trade unless you have a psychic ability. Whales are like catastrophes, you don't know when they are about to come... and if you aren't prepared, you'll regret that day.

PS: still mad at Roger Ver.

[okala]

Want to know how you trade and how it works. Thanks

Trading crypto currencies demand a lot of knowledge and expertise and you should not going into it without adequate understand how how to trade it successfully. I have spent about 2 years now learning crypto currencies trading and one thing that I have find out is how to make some profit by buying low and sell high though this demand alot of emotional control and expertise.

[miltan]

Best trading strategy?
Buy (low) and HODL. Forget about it like for a year or so, and when you come back you investment will most probably have increased in value. (depending on where you invest of course)
Honestly, there are some people who check prices everyday and that will drive you crazy. If you can't live without checking prices, then I think it's healthy to check prices once or twice a week, during peak times 4-5 times a week imo.

[ihsanskanzaone]

I exchanged my crypto currency at bitcoin.co.id site why I chose bitcoin.co.id site because on this site we can do bitcoin storage and trading and the main reason because in this site we can also exchange bitcoin into applicable currency in my country that is Rupiah. Another advantage of this site is that we can also redeem other coins into bitcoins according to the prices on the market and we are also free to include prices on our traded bitcoins.

[ralle14]

Want to know how you trade and how it works. Thanks

I use a local exchange where I have the choice to exchange my bitcoins to fiat. Download an app that notifies me with the price of bitcoin once I receive a notification for the price i'm waiting for i'll start converting my bitcoin to fiat.

Best trading strategy?
Buy (low) and HODL. Forget about it like for a year or so, and when you come back you investment will most probably have increased in value. (depending on where you invest of course)
Honestly, there are some people who check prices everyday and that will drive you crazy. If you can't live without checking prices, then I think it's healthy to check prices once or twice a week, during peak times 4-5 times a week imo.

Checking prices once a week is risky because what if bitcoin's price starts to go down by 5-10% every day. You could've minimize your losses if you check the prices everyday.

[ditinhu]

Change your currency for another when your currency is low and the other currency is low.


But always look at the values ​​in dollars, because with these increases of Bitcoin often the currency is low in value for bitcoin but not in dollars.

Always trade for strong coins like Litecoin, Xmr, Dash or Ethereum, depending on the currency you exchange you can get into a huge loss.

[miltan]

Want to know how you trade and how it works. Thanks

I use a local exchange where I have the choice to exchange my bitcoins to fiat. Download an app that notifies me with the price of bitcoin once I receive a notification for the price i'm waiting for i'll start converting my bitcoin to fiat.

Best trading strategy?
Buy (low) and HODL. Forget about it like for a year or so, and when you come back you investment will most probably have increased in value. (depending on where you invest of course)
Honestly, there are some people who check prices everyday and that will drive you crazy. If you can't live without checking prices, then I think it's healthy to check prices once or twice a week, during peak times 4-5 times a week imo.

Checking prices once a week is risky because what if bitcoin's price starts to go down by 5-10% every day. You could've minimize your losses if you check the prices everyday.

Assuming one would buy low and forget about it for a while, those corrections won't make a big difference. Going down 5-10 % everyday for a very long period is a worst case scenario, in which case I agree with you on checking prices more frequently.

[Bayoe_noe]

Create an account in trading platform such as poloniex, bittrex, cryptopia and others ... then you can verify your identity if you trade in large quantities, it will ease in deposit and witdhraw, or if you want to arbitrage your coins. And you can see before you trade, you can buy some coin if the price is low. You can see the chart and daily volume....

[sudeepsinha]

I'm looking for some new ICO projects, create as much account as i can, buy those coins and wait till it reaches to the exchanger. I'm pretty sure if they reached to the exchanger , the price would be double or tripple the sale price . 

[TheUltraElite]

Want to know how you trade and how it works. Thanks

Trading crypto basically needs the trader to buy and sell crypto. This is done on exchanges which are numerous and are both centralized and decentralized. Although centralized exchanges are not liked by many people still I prefer to use them because of the added safety of getting exempted in case taxation issues appear and I can show my ledger and pay taxes as required - you dont want to get sued in case your government declares crypto as taxable.

While trading the basic idea to make profit is to buy low and sell high. Bitcoin is something to HODL and holding bitcoin for long term while selling smaller portions of it for profits at intervals is what many people have been doing. Altcoins are better for day trading but there are many goo altcoins worth holding for long term as well.

[Pursuer]

You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:

-Poloniex
-Bittrex
-Binance
-Bitfinex

I suggest you do more google research before actually trading.

which one works for you?

stay away from bittrex, they have turned into a scam exchange service. you can read the scam accusations against them: https://bitcointalk.org/index.php?action=profile;u=96390
and look at their topic for more explanation: https://bitcointalk.org/index.php?topic=463202.1720

the rest of these exchanges aren't any better either. they all suffer the same flaw of not being regulated and be shady. they can easily run away at any time they wish to. and so far there has been a dozen big exchanges that have ran away with large amounts of bitcoin. sometimes they simply disappear and sometimes they tell some lies about being hacked or something and sometimes like bittrex they simply close lots of accounts selectively and be silent about it.

you may ask what is the solution? well there aren't any simple ones. you either have to suck it up and accept the risk of getting scammed by the exchange you trust and withdraw your money each time. or you have to stop trading! or you have to use decentralized exchanges which are harder for traders.

[Kr-sama]

You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:

-Poloniex
-Bittrex
-Binance
-Bitfinex

I suggest you do more google research before actually trading.

which one works for you?

stay away from bittrex, they have turned into a scam exchange service. you can read the scam accusations against them: https://bitcointalk.org/index.php?action=profile;u=96390
and look at their topic for more explanation: https://bitcointalk.org/index.php?topic=463202.1720

the rest of these exchanges aren't any better either. they all suffer the same flaw of not being regulated and be shady. they can easily run away at any time they wish to. and so far there has been a dozen big exchanges that have ran away with large amounts of bitcoin. sometimes they simply disappear and sometimes they tell some lies about being hacked or something and sometimes like bittrex they simply close lots of accounts selectively and be silent about it.

you may ask what is the solution? well there aren't any simple ones. you either have to suck it up and accept the risk of getting scammed by the exchange you trust and withdraw your money each time. or you have to stop trading! or you have to use decentralized exchanges which are harder for traders.

Thanks for sharing the information about bittrex being a scam exchange. And here I thought bittrex is the best exchange out there. Didn't know that it has this bad reputation. Luckily I didn't even bother trying to use bittrex. I'm currently using binance. Some people say that it is a good exchange. The only downside was it being just a new exchange. That means there's still a lot that can happen.

[coinplus]

You trade your coins/cryptocurrencies on an exchange similar to traditional online stock market exchanges. Best to be safe and stick with the well-known ones like the following:

-Poloniex
-Bittrex
-Binance
-Bitfinex

I suggest you do more google research before actually trading.

which one works for you?

Personally, so far poloniex and bittrex have been working for me. Based on reputations though, these are some of the two exchanges I can really count on for now. I have not used the other two so I cannot really say but I have heard some pretty good stuff about them too.

You have to understand that you do not have control of your funds when using most of these exchanges as they are centralized, so you may have to put in what you can afford to lose incase anything goes wrong with any of the exchanges.

[Dissident991]

Want to know how you trade and how it works. Thanks

I mainly trade on Bittrex and sometimes on Etherdelta if I need to buy, sell eth tokens. I use https://www.tradingview.com to watch charts and monitor price movements, because Bittrex does not have enought tools for analysis. And of course I follow news, read twitter, blogs of some projects and this forum, looking for information, that can influence the rate.