Looking for advice

[Newguycyrpto]

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

[jackg]

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.

[Newguycyrpto]

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.

[coupable]

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

[OgNasty]

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.

[jackg]

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

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.

[Newguycyrpto]

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

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?

[Bitum]

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

[Newguycyrpto]

Thanks everyone for the suggestions been a great help!

[jackg]

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?

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.

[Asuspawer09]

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

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.

[Newguycyrpto]

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.
[/quote]

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.

[sheenshane]

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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..

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.

I suggest you to visit the link in my signature, a great list of good exchanges is in there

Exacly, I can vouch for this. Actually here is the link, Bestchange.

[NavI_027]

*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 ), 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.

[Little Mouse]

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 ), I think it still considered legit.

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.

[NavI_027]

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 ), I think it still considered legit.

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.

[jademaxsuy]

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.

[CryptocurencyKing]

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.

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.

[nakamura12]

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.

[Shimmiry]

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

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. Based from Crypto.com