Looking for advice

[Assface16678]

Good day newbie and welcome to our forum as your statement you are a member that would like to join into the world of trading. I highly suggest that you open this topic into our trading discussion so they can suggest more to you.


I highly recommend using the coinbase because this is the wallet that is suitable to your country and also it requires to have a KYC too like the other platform also they have supported the cards so you can transfer your funds easily.

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.

Many people think that the yobit is one of the best platforms bases on my experience they have the list fastest transaction or sending funds but what are their cons too? This is the customer service you cannot reach their services easily and this is a huge problem for the members also you need to pay them to give you attention. Also, they don't support the use of trading futures unlike the binance so at the end of the day don't use yobit, yes to binance.

[Rosilito]

While looking for an exchange that suits your idea. You could also try to visit these boards: Trading Discussion, and Speculation. I am pretty sure, these boards will be a big help in your trading journey  .

Here are they:

• https://bitcointalk.org/index.php?board=8.0 - Trading Discussion
• https://bitcointalk.org/index.php?board=57.0 - Speculation

And you could also try to read some books or journals for your guides. If ever you want to make your trading journey into new level. Nonetheless, good luck, then!

[blckhawk]

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 having Coinbase as your trading platform is not that bad, as a matter of fact, it is suite really well looking on the place you were in. Personally, I preferably used those platforms that ran for such a long time since they have credibility, they are reputable and Coinbase is one of them. To be in fact I once used it in my past transaction and it works really well. But now I'm trying to work on Binance, maybe you could try this one as well.

[khaled0111]

You can start with Coinbase as the US is one of the supported countries and you can link your debit card to make deposits.
AFAIK it's a safe exchange with good reputation. At least I haven't seen any valid scam accusation against them.
All the bad reviews I've read were complaints about their bad customer service which is not very responsive.
Besides there is this:

Coinbase reported a few years ago that the company verifying their kyc info was selling it on and they had to switch.

There are many good exchanges and the first thing you should check is if they support your country because if they don't your account will be locked and you wouldn't be able to withdraw your money.

[Newguycyrpto]

Wow everyone, thank you for all the help.I'm going to watch a lot of videos and do a lot of reading but I think I'm going to go with a company in the us like coinbase.

[Kelvinid]

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.

If you are doubtful about and the possible links into your bank account, maybe it doesn't need to push your self either. As we are engage into trading, online activities, we are already prone into hacking but we can avoid it we are not careless with our account keys and password. In fact, many have that struggles the same as you but later on, they will have no worries provided that you are dealing with a reputed exchanger's site, not by those scammers who pretended that they are a part of the team.

Just think not only twice but more, and need to have in knowledge before to start. That is the only way it helps you to decide.
Only choose one of those reputable exchangers in the market just like Coinbase, Binance, and etc. And try to visit trading discussion
trading discussion as well to have some more tips in regard to this.

[Mor254]

My friend, as long as you are a beginner in the field of trading, you must first learn the basics of this field, and if you are going to borrow money, I do not advise you in this way, but do work in other ways such as signature campaigns and collect some currencies and start trading them or buy some currencies in proportion to your ability and start trading in small quantities

[daneal stev]

Welcome with us, as you are new, it is better to get tired first of all, and it is also better for you to start using small amounts so that your losses will be few if you are exposed to them and for the platform, I advise you to use the coinbase platform

[Lordhermes]

There are couple of USA based exchange I know like bittrex, poloniex, and so many more, they are all good exchange that considers kyc in term of trading with them. This would be easy if you simply use your debit card, purchase btc and fund those listed exchange in your country and start trading as you planned. That's just simple for at a start.
I would given you a suggestion, to learn in holding coin since you are a newbie, going into trading would probably be a lost one because of lack of trading knowledge, purchase some couple of btc and use a little of it to trade as you wished. Success.

[Ginger Beef]

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.

^ Couldn't have said it better.  "Total Newbie" looking borrow so he can trade crypto right out the gate.  I call those people "donors".  If you have to get into crypto, buy BTC & ETH, and just hold onto it.  I'm what you'd call a "seasoned" trader, but whales will set traps to make you think the market is moving in one direction - until it isn't.  Confirmation bias is your enemy.  You'll get a few trades "right", until someone that controls the market throws you a curveball.  It's at that point you realize you've been played. 

If you need to play around with trading, get an account on tradingview - and try it without real money first.

[seoincorporation]

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.

...

If you need to play around with trading, get an account on tradingview - and try it without real money first.

I didn't know a service like that exist. I just take a look to the site an loos awesome for those who want to learn about trading but don't want to risk their money on the way.

And for Op, remember trading is like gambling, you need luck and patience to get some real profit. If you are not sure about what are you doing, then better just risk small amounts.

[Hypnosis00]

I just take a look to the site an loos awesome for those who want to learn about trading but don't want to risk their money on the way.

And for Op, remember trading is like gambling, you need luck and patience to get some real profit. If you are not sure about what are you doing, then better just risk small amounts.

It is OP is very clever.  He wants to keep himself fully anonymous and so he is afraid to link his bank account to crypto. Truly I believe him as a newbie but I'm not sure he is still noobs in creating another bank account which is the best option.

You are right, he needs to do more nor he rushes into trading without understanding the risk that it waits for him. Because if he is afraid of even losing a few bucks, I suggest to forgot thinking about trading.