Newbie guide to Crypto-trading PART 1
Courtesy of Kurt Connolly
For all the new people staring out in 2018, good for you and welcome to the world of Crypto.
Upon Entering the Crypto space, please ensure you are medical fit as the following may occur
•Grinding of teeth
•YoYo blood pressure
•Intermittent explosive disorder (IED)
•Insomina
•Computer separation anxiety
•Reactive attachment disorder (RAD) is a condition in which you don’t want to bond with that isn’t in Crypto anymore
Ok, moving on…
The new world of Cryptocurrency trading, can be extremely profitable, but it’s also a minefield of misinformation, scams, and potential technical disasters that could cause people to lose all their Crypto.
Here are few basics to get you started
Coinmarketcap = Coinmarketcap is the most trusted index for historical snapshots of cryptocurrency market capitalizations rankings. https://coinmarketcap.com
Ledget Wallet = Ledger is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. https://www.ledgerwallet.com
Trezo Wallet = Trezo is also a trusted and secure way to store your bitcoins. Isolate your private keys into the safety of TREZOR & enjoy Bitcoin without risk. https://trezor.io
Charting Tools = If you want to be an active trader, then you need to use the best charting and order execution tools. The best charting and trade analyzing tool I’ve found is Coinigy. I have followed some of the top traders for a while (Todd, Rich, Rev ) and they all seem to use it. https://www.coinigy.com
Cryptocurrency calculator & converter = Its quick very easy to use for working out prices for Sat values etc. https://www.cryptonator.com/converter/
Coin Tracking = Your personal Profit / Loss Portfolio Monitor and Tax Tracker for all Digital Coins. CoinTracking analyze all your trades and generates in real time tons of useful information such as the profit / loss of your trades, the value of your coins, balances, realized and unrealized gains, reports for tax declaration, and much more https://cointracking.info
Following the prices can be addictive (Disclaimer Warning when downloading BlockFolio)
Tickers and Apps
-BitcoinTicker = http://bitcointicker.co/bitfinex/btc/usd/
-Blockfolio = https://www.blockfolio.comh/bitfinex/btcusd
-CoinCap = https://coincap.io
-Blockfolio = https://www.blockfolio.com
List of some of the top trading exchanges
• Bitfinex
• Binance
• Kucoin
• coinone
• Bitstamp
• Coinbase
• Kraken
• Bittrex
• Poloniex
• HitBTC
• Gemini
• Quoine
• Korbit
• CEX.IO
• OKCoin
• Cryptopia
• Yobit
• HitBTC
• Bithumb
2-Factor Authentication (2FA)
To make your account even more secure we recommend you enabling enhanced security (two-factor authentication). You can use any app which supports Google codes for 2FA
*Google Authenticator (GA) - default app for 2FA. You can download it both from App Store and Google Play.
Buying Bitcoin
Happy trading