Advice for a newb in the UK please | Bitcointalksearch.org

Wipro

hero member

Activity: 924

Merit: 512

Quote from: mckenzie126 on April 18, 2017, 10:57:46 AM

Im asking these dumb questions because I'm new to crypto trading - so thanks for taking the time! I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades. Thanks for your help

I sold out bitcoins which I got from my friend 3 months before. I was just hold that btc for some months and it by last month. It almost big profit from that. If you are involved in btc trading. You can make money everyday and you can profit from every trading. You just need to price chart every day.

SONG GEET

hero member

Activity: 700

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: mckenzie126 on April 18, 2017, 10:57:46 AM

I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades.

For smaller amount of trades you can trade in any of the platform like poloniex, bittrex or yobit. But to trust any exchange with larger amount of bitcoin you have to look for trusted platforms like poloniex.

If you like to trade altcoins like you have stated in OP, don't put all your eggs in one basket.

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Quote from: mckenzie126 on April 18, 2017, 06:06:55 AM

Can I trade freely on non UK based exchanges like poloniex etc ? Are there any restrictions/pitfalls I need to know about, especially being UK based ?

I think yes because dispite i am from Asia and poloniex is USA based exchange, i have never got any problem while trading there. But you have to be careful about their daily withdrawal limit according to your level of verification. You can also get verified to trade there freely.

mckenzie126

newbie

Activity: 10

Merit: 0

Quote from: Qartada on April 18, 2017, 11:27:08 AM

Quote from: mckenzie126 on April 18, 2017, 10:57:46 AM

Im asking these dumb questions because I'm new to crypto trading - so thanks for taking the time! I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades. Thanks for your help

Pretty sure you can sign up to Poloniex and other exchanges and it shouldn't be a problem. Most sites which handle US customers will accept UK ones as well unless it's something solely based around dollars rather than other currencies (in Poloniex's case there's no fiat involved so you should be good to go).

Thanks for the help!

Qartada

hero member

Activity: 546

Merit: 500

Quote from: mckenzie126 on April 18, 2017, 10:57:46 AM

Im asking these dumb questions because I'm new to crypto trading - so thanks for taking the time! I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades. Thanks for your help

Pretty sure you can sign up to Poloniex and other exchanges and it shouldn't be a problem. Most sites which handle US customers will accept UK ones as well unless it's something solely based around dollars rather than other currencies (in Poloniex's case there's no fiat involved so you should be good to go).

mckenzie126

newbie

Activity: 10

Merit: 0

Im asking these dumb questions because I'm new to crypto trading - so thanks for taking the time! I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades. Thanks for your help

xypos

sr. member

Activity: 532

Merit: 250

Quote from: mckenzie126 on April 18, 2017, 06:06:55 AM

Hi, I'd like to try my hand at trading with a small amount of BTC/Altcoins here in the UK but could do with some advice if anyone can help?

Can I trade freely on non UK based exchanges like poloniex etc ? Are there any restrictions/pitfalls I need to know about, especially being UK based ?

Thanks for any advice whatsoever!

I would like to ask, why do you think that you cannot trade freely on non UK based exchange?
There is no restrictions as far as I know, especially in such a country as UK. You can just trade on every single exchange you want, if it is not easy for you to convert the bitcoins/altcoins you have there into fiat, then just simply make a transaction with those funds on the other exchanges ( why not UK-based ) just to have an ability to exchange the cryptocurrency for real money.

Obviously, for all this you need bank account to be able of getting the payment out of the cryptocurrency exchange, unless you are going to choose localbitcoins.com and sell them for cash.

mckenzie126

newbie

Activity: 10

Merit: 0

Hi, I'd like to try my hand at trading with a small amount of BTC/Altcoins here in the UK but could do with some advice if anyone can help?

Can I trade freely on non UK based exchanges like poloniex etc ? Are there any restrictions/pitfalls I need to know about, especially being UK based ?

Thanks for any advice whatsoever!

Topic: Advice for a newb in the UK please (Read 596 times)