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Author Topic: Trading Platform?  (Read 870 times)
ionezatoin (OP)
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May 31, 2022, 12:52:44 PM
 #1

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
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May 31, 2022, 03:17:05 PM
 #2

I guess since you are a newbie, I would suggest to stick first with Binance so you dont have to worry about the gas fee. You can even fund Binance using your creditcard. Then later on you can start investing using your metamask or buy a Trezor wallet for added security.

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May 31, 2022, 03:42:31 PM
 #3

Are you talking about DEX decentralized exchanges with low gas fees?

I think Quickswap is most of the decentralized exchanges recommended for low gas fees they use the Polygon network with cheap gas fees.

Or are you talking about the NFT marketplace? There is a large marketplace for NFT their website is https://opensea.io/ but the problem is the ETH network gas fees are expensive compared to other networks.

You can try Binance they have an NFT marketplace not a large marketplace but you can pay a cheap gas fee you can find their marketplace here https://www.binance.com/en/nft/home

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palle11
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May 31, 2022, 03:46:41 PM
 #4

Start with $120 is not too small if you manage your capital very well. If you understand the risk appetite management and try to invest or trade carefully then you will be good. Don't be greedy because losing is usually because of greed. You can stay with binance because it is popular and you can easily get help here about it if you raise an issue that needs contribution. Good luck to your investment.
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May 31, 2022, 04:16:23 PM
 #5

but I like to embark on any platform which gives good returns, like Exness or Position exchange.

So.. are you looking for a trading platform or a platform that gives you good returns? Because I'm pretty sure trading returns will totally depend on your performance, not necessarily the exchange.

Also, if you're talking about gas fees(Ethereum), then every platform is guaranteed to have $10+ withdrawal fees because Ethereum fees are expensive.

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May 31, 2022, 06:02:11 PM
 #6

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
As some people have stated if you buy your coins directly from an exchange then you can save yourself the miner fees and you will only have to pay the trading fees as long as you do not get your coins out of the exchange, and even those can be reduced if you choose to withdraw your money with coins with a very low transaction fee, with that being said it seems you are interested in the NFT market, I would recommend you reconsider your decision as the NFT market is not really a place of newbies to invest as most likely you will lose your 120 dollars relatively quickly if you decide to invest in that market.
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May 31, 2022, 09:26:47 PM
 #7

I haven't used okcoin.

But just stick with Binance if you have ever doubts with that exchange or with any other as well. Binance has been proven and being used by the majority here.

It also has a lot of coins to choose as you trade there and they've got NFT marketplace as well. So, basically you're getting almost everything there and even has an earn/stake/save feature.

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May 31, 2022, 09:49:23 PM
 #8

I guess since you are a newbie, I would suggest to stick first with Binance so you dont have to worry about the gas fee. You can even fund Binance using your creditcard. Then later on you can start investing using your metamask or buy a Trezor wallet for added security.
This is the best and secured option, though of course your safety will still depend on the knowledge that you have so if you are a newbie, better to limit your trade transactions first while you are still learning about the market. Trading is not easy, and with that capital you should not expect something big in return in just a short period of time. If you already have background in trading then Binance is really good for you.
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May 31, 2022, 10:46:46 PM
 #9

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee ..
Gas fees on exchange vary on the network, if the Ethereum gas fee is congested, it seems you need to pay that amount, and the only way to know that was on the Ethereum Gas Tracker.

These exchange platforms are most recommended for lower gas fees for NTF.
  • Binance
  • OpenSea
  • Rarible

You can check on your own, but don't expect to pay lower than $5 for the fee on those exchange platforms, especially if the Ethereum network is congested.

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May 31, 2022, 11:12:20 PM
 #10

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

Don't look for lowest fee but look for the most trusted exchange which will not rip off your balances when your asleep, so go with the top tier because you can sleep without worrying about those possible exploits or scams that might happen on a platform. Also there's nothing to go with other because in Binance you can see a lot of potential coins and tokens listed so for going there the next possible assignment you will have is to research which crypto is good to trade.

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May 31, 2022, 11:17:54 PM
Last edit: June 01, 2022, 01:09:29 AM by CaVO32
 #11

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

Don't look for lowest fee but look for the most trusted exchange which will not rip off your balances when your asleep, so go with the top tier because you can sleep without worrying about those possible exploits or scams that might happen on a platform. Also there's nothing to go with other because in Binance you can see a lot of potential coins and tokens listed so for going there the next possible assignment you will have is to research which crypto is good to trade.

The exchanges mentioned by the OP is not familiar ones to me. Better create an account in binance or kucoin or other reliable exchanges, at least they are the reputable ones in the market and you know they won't run away with your funds. If the exchange is small and never heard of, better stay away from them before they screw you with your funds. They may be offering the lowest trading or withdrawal fee, but your problem that you may encounter will be like the liquidity of the trading pair and it would take long time before you can withdraw your funds.
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June 01, 2022, 11:49:47 AM
 #12

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

you can check out cleo.finance crypto trading platform. One of the aims of the platform is to remove the complexity from trading. It has trading tools and it is very easy to navigate. You can place your trades with a Binance account connection. You can check it out by just signing up also and it is free.

It allows you to create your entry and exit conditions by just typing, and defining your size in any way you want, set and manage multiple stop loss and take profit and modify it on the chart so all in one place and requires one click and you are able to manage everything in one place, replaying your position history on the chart in real-time so that you can see what is missing on your trading strategy and how to improve them, which conditions are fulfilled and how they are fulfilled etc. 
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June 01, 2022, 02:10:14 PM
 #13

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
Binance is a good platform you can always rely on with good reputation. It is easy to maneuver without much stress on what to get familiar with it. There are other platform you can use to start your journey into the crypto world which are just like Binance. One thing that makes Binance easy to use is because of it app that has both professional and starter interface where you can easily get things done. One of the major problem is Binance is a centralized platform that requires KYC for you be able to buy and sell.

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June 01, 2022, 03:08:55 PM
 #14

do you think it is good to start with 120$?
Before you start trading, I hope you understand the risks.
what you need to know, not all crypto trading platforms provide you with guaranteed good returns. It all depends on your skills and knowledge.

then, whatever capital you use, you can start. develop or not all depends on how you can manage your trading assets.

but if you consider transaction fees, you can consider DEX exchanges with lower fees. I guess it will help you in gaining trading experience. Moreover, some exchanges provide a demo feature that you can use to practice.



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June 01, 2022, 03:22:06 PM
 #15

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

Many people here are suggesting you binance, I also suggesting you binance, but at the same time I will also suggest the name of another exchanger and that is FTX exchanger. FTX is known as one of the lowest gas fee. It is good to know that to withdraw from it you have to pay a very small amount of gas fee for some coins and in most cases withdrawal fee is free.

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June 01, 2022, 06:46:37 PM
 #16

So far for a newbie I advise you to stick to popular exchanges such as okex and Binance aside from the centralized nature, the fee on those exchanges are relatively low, but be prepared for high fees since you want to trade ethereum as the fees on ethereum network is always high, If you don't mind about your privacy then I will suggest binance as the best option available for you right now.

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June 02, 2022, 01:50:14 AM
 #17

So you are talking about flipping NFTs? There are a lot of people using that and utilizing that in order to make a profit.

Since you are talking about gas fees, that's probably it. Your $120 might not last long if you are going to use the ETH network or something because it's going to be expensive. It's not going to be worth it unless it's going to be a steal.

For the part where you are going to use an exchange, it's going to be better I think if there are low fees to begin with. Maybe you can start there. Especially with what you mentioned, the free trading NFT.

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June 02, 2022, 08:11:26 AM
 #18

Many people here are suggesting you binance, I also suggesting you binance, but at the same time I will also suggest the name of another exchanger and that is FTX exchanger. FTX is known as one of the lowest gas fee. It is good to know that to withdraw from it you have to pay a very small amount of gas fee for some coins and in most cases withdrawal fee is free.
Yeah, FTX is a good option as well and although I have never used it because I didn't feel the need to switch from Binance, I have a few friends who use FTX and they have always told me positive things about the exchange. If I am not wrong they do have the stock market pairs as well? I heard somewhere but not 100% sure.

One exchange I would strongly suggest staying away from is Bittrex, their support literally sucks. I had to send them 20 emails and almost always got a botted reply or the person communicating had no interest in solving the problem and even now it's unsolved for years. Not going to go into details but I would never suggest anyone trading at bittrex.

Binance, FTX, KuCoin, Okx are some of the decent exchanges I have used and/or heard good things from my friends who I know are not paid reviewers.

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June 02, 2022, 09:28:02 AM
 #19

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee ..[ ~]
I don't understand what you are asking about a trading platform with the lowest fee or a blockchain with lower transaction fee?

In case, you asking about exchange with a lowest withdrawal fee then I would suggest you FTX. And if you want to know about a blockchain that has lowest transaction fee then kadena is best charge you $0.000000001 or few more zeros lol per transaction
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June 02, 2022, 09:43:12 AM
 #20

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
If you are a beginner, Binance is a great place to start trading because there is a huge selection of coins and tokens that you can trade with. In addition, Binance is a trusted trading platform that is already recommended by many traders. Using $120 is enough for a beginner to start trading but you have to learn trading analysis so that you can analyze properly and correctly. I don't know anything about NFT trading because I feel it's just stepping into a new trend and maybe not yet a necessity for people.

 
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