Khaledwin (OP)
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August 22, 2018, 11:56:21 PM |
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How many dollars i must have to begin trading ?!
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esportseco
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August 23, 2018, 12:11:01 AM |
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Min I would say is about 3-10k find which exchanges you want to use like binance, coinbase, or poloneix.
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bitmover
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Wheel of Whales 🐳
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August 23, 2018, 01:09:41 AM |
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Min I would say is about 3-10k find which exchanges you want to use like binance, coinbase, or poloneix.
3k usd? What are you talking about, why would he require so big amount of money to begin trading? Don't spread misinformation. How many dollars i must have to begin trading ?!
You can start trading cryptocurrencies with very small amounts like 100usd maybe even less depending on the exchange. Binance is a good one. Just make an account there and see what is the minimum order in btc. It is probablybelow 100 usd, I don't know exactly. For sure it's not 3k |
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bitcoinmee
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August 23, 2018, 01:45:01 AM |
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If you want to try it out and explore it first you can start at 50usd - 100usd you dont need to invest a lot. If your a newbie like me in trading try to learn more about the market and check the Trading Discussion you can read some articles made by traders. |
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mk4
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📟 t3rminal.xyz
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August 23, 2018, 03:10:12 AM |
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How many dollars i must have to begin trading ?!
You can start trading probably even only with a few dollars; but the problem with trading with such a small amount of trading funds is that you'd actually need to win a lot of your trades to make significant profit. Not to mention that with a small amount you also need to win trades with significant profit as you need to cover the 1.5-3% trading fees. |
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nkampala
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August 23, 2018, 03:32:58 AM |
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Just make sure you don't invest more than you can afford to lose. Start with smaller amounts to get the hang of it.
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pooya87
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Crypto Swap Exchange
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August 23, 2018, 03:51:43 AM |
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it is all limited by the deposit/withdrawal methods that you use.
for example if you own bitcoin and want to trade altcoins, you can deposit as small as 0.0001BTC (10k satoshi) and start trading with what is worth about $0.6 but while withdrawing that you will encounter limitations because withdrawal fees that exchanges charge is so much higher than the network fees.
as for fiat, you have to see what minimum your bank allows you to deposit and what minimum amount does that exchange accepts. unless you don't want to use an exchange and do it P2P in which case you can do it with any amount that you want as long as the amount you send and the amount of bitcoin you are buying is meaningful. for example you can not buy 1 satoshi but you can buy 0.0001BTC
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boyptc
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August 23, 2018, 03:52:42 AM |
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To experience on how it is good to trade if you can avail to start trading with $20 then that's fairly enough for a beginner. Min I would say is about 3-10k find which exchanges you want to use like binance, coinbase, or poloneix.
That's not worth to try for a beginner, if he has enough experience he can add that but at first he has to learn. |
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coly20032003
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August 23, 2018, 03:54:53 AM |
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For beginners to start, you can invest a little amount of money, like $100 or so. You can also buy a fraction of a coin that you are interested in, this will help you to practice a little bit. For example, you can buy 0.001 bitcoin to play with, that is what I did at the beginning.
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Alexeyaleha
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August 23, 2018, 04:36:01 AM |
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hello, how safe is it to trade on the exchange through a bot?  |
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pooya87
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August 23, 2018, 04:42:03 AM |
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hello, how safe is it to trade on the exchange through a bot? [if you want to ask an unrelated question then you should start a new topic] as for safety, it depends on the bot. i it is an old tested bot that has been around for a while and is being used by a large number of users then it is most probably safe. otherwise if it is an unknown bot which was created recently and is not reviewed then it is most probably not safe! if you are asking for profitability, then doesn't really depend on the bot itself. it depends on you and whether or not you know how to trade. a bot is just a helping tool that can work best in the hands of a trading expert and be useless in the hands of a beginner trader. |
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Chris_Costales
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August 23, 2018, 05:04:09 AM |
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It really depends on you. I think it is not fair to say that you need a big amount of money. I think 100$ is enough. Investing is gambling by the way. People say that all the time. I like that citation. You must be aware of what you are doing. If you invest, you must know that you can lose your money or make a profit. If you invest 50k, you can lose or win. If you invest 100$ you can lose or win as well. The difference is just the benefit. If you invest big money, you make big benefits. My advice is to start with a small amount. Time will teach you. Moreover, educate yourself by reading investment newspapers.
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engrawaz
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August 23, 2018, 05:47:50 AM |
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I would say min 15-20K $.
the safest coins to trade are top 10 coins and they are very liquid if you were trading them with this kind of money. and these markets move 3-5% easily thus you could close your win positions of 100-500$ easily.
Of course, this is easier said than done.
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Risoruni
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August 23, 2018, 07:06:34 AM |
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There is no specific figure. You can start trading with any amount that you have at the moment.
Remember that trading on your last pennies is an extremely bad idea. Trade for something that is ready to lose without major implications for your core budget.
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xiaoY
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August 23, 2018, 07:42:28 AM |
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As a beginner you don't need too much initial investment capital, I think $500 is enough, because even if there is a loss, it will not have a big impact on you!
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Mansankani
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August 23, 2018, 08:01:06 AM |
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How many dollars i must have to begin trading ?!
I think it depends on which currency are you going to trade. Im my opinion minimum amount is 2k. |
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mk4
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August 23, 2018, 02:16:45 PM |
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I would say min 15-20K $.
the safest coins to trade are top 10 coins and they are very liquid if you were trading them with this kind of money. and these markets move 3-5% easily thus you could close your win positions of 100-500$ easily.
Of course, this is easier said than done.
LOL definitely not 15-20k. That's too much when thinking of a 'minimum', and also especially knowing that OP said that he/she's a beginner. |
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Andrew1337
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August 23, 2018, 04:17:52 PM |
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How many dollars i must have to begin trading ?!
I recommend you to start with a demo account on any exchange . If you put a low ammount such as ($5-10) the exchange will take big fee if you want to withdraw them back |
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G1btc
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August 24, 2018, 07:23:17 AM |
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Jundax
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August 24, 2018, 07:41:08 AM |
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How many dollars i must have to begin trading ?!
I recommend you to start with a demo account on any exchange . If you put a low ammount such as ($5-10) the exchange will take big fee if you want to withdraw them back This is good advice. In this case, you may not worry about losing your money and can calmly deal with the nuances of trading. It may turn out this is not what you'd like to do at all. |
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