Best exchange to start trading? - page 8.

Lida93

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Quote from: JamesDaniel90 on November 18, 2023, 07:49:28 PM

I am just getting bored of only buying and waiting for bull run as I have been doing that for almost 2 years now

You have hold the forth stockpiling for a wholesome 2 years now and just a few months in view to the BTC halving and a harmonizing bull run you have suddenly gone grew bored. That's weird.

Trade is completely different from holding, the risk associated with it is too high that $200 can't take you anywhere and from your op it's obvious you are about trading for the first time which very unlikely for you to make profit, so don't get too comfortable with a few basics you must have learnt about trading. Am not being pessimistic but realistic with you, to be a better trader you have to be prepared to make losses and those losses means money , the preliminary question you be asking yourself is are you ready to lose your money and be comfortable about it.

ImThour

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You should start with any exchange that doesn't require you to provide KYC documents to just buy or sell, withdraw, and deposit. There might be a limit to it (On withdrawals) however it's the best option if you want to go with a Centralised Exchange. Earlier, you could just use Binance as it's the #1 Exchange in terms of liquidity and overall stability.

BlackBoss_

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Rollbit is for you. Take $RLB token!

Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

What is the best site for this in the UK?

It's hard to say what is a best exchange for you because to choose an exchange, you have to consider many things: KYC or non-KYC, Taker, Maker trading fee, withdrawal fee.

I am not sure about UK, you can find some from exchanges for Europe.
https://www.cryptowisser.com/exchanges?continent=EU&coins=&fee=2.0

If you don't like KYC
https://kycnot.me/

Quote

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

I will go frankly with you, trading is difficult and it's hard to get rich with trading.

Your capital for trading is smal, $200 and I will use it for investment to layer 2 projects like Arbitrum or Optimism. If these projects successfully make its bull run in 2024 and 2025, chance for x10 or x20 with their tokens is possible. It's a better choice than trading.

cryptoaddictchie

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What coins are you buying? Majot exchange list only good projects on Binance and Kucoin, but if you also trading other unknown coins these are usually present on mexc exchange. Id like to use this they dont need to engage with KYC and Ive been using that eversince. Well for major coins its alwsys Binance on the top of the list as it have huge volume and very user friendly exchange.

DirtyKeyboard

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Fly free sweet Mango.

Following the above advice it looks like KuCoin and Bitfinex are good options, but apparently those exchanges don't operate in the UK.

ra/]https[Suspicious link removed]ra/

https://coinmarketcap.com/currencies/kaspa/

What exchange do you currently use, if you don't mind providing that info?

EDIT: the allianceblock-nexera/ is getting marked as Suspicious.

That might be a sign...

JamesDaniel90

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The two altcoins I am talking about are Alliance Block & Kaspa which have both been very up and down over the last week or so. Alliance Block pumped 35% in less than a day today.

I am just getting bored of only buying and waiting for bull run as I have been doing that for almost 2 years now

HelliumZ

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There are certain precautions you must take when choosing an exchange to trade with. Whether you choose a decentralized or centralized exchange for trading, security matters more. It should be remembered that if you choose a centralized exchange but do not pay attention to security issues, you will be facing a big threat.

Oshosondy

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Know that trading can be the start of losses. Trade with the amount of money that you can afford to lose.

What coins are you talking about?

On coingecko, click on the coins and click on 'market' which will list the exchanges that the coin is traded. You can also do that on Coinmarketcap.

BitMaxz

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Happy New year 🤗

Do you mind to tell us what 2 altcoins you want to trade?
So that we can find the right exchange that supports these two coins.

Or search for the coins you want here https://www.coingecko.com/ and then check the coin and what exchange supports it.

JamesDaniel90

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Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.

What is the best site for this in the UK?

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

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