1) Go to kraken and deposit USD|EUR
2) Buy bitcoins on kraken
3) Withdraw your bitcoins from kraken to Poloniex (biggest altcoins volume market)
When you want to cash-out :
4) Sell all your altcoins on Poloniex for bitcoins
5) Withdraw your bitcoins from poloniex to kraken
6) Sell your bitcoins on kraken
7) Withdraws your $$ from kraken
Topic: Exchange markets for altcoin - page 2. (Read 1240 times)
I have a tough time understanding something: I can trade cryptocurrencies using poloniex but i can not actually trade directly with usd. So where do you go first if you have usd trying to buy bitcoin/altcoin. And where do you go if you want to chash out some bitcoin/altcoin into usd?
I tried coinbase but they have a problem with paper verification in my country therefore i can not exchange usd into crypto. And second i am not a fan of the fact that they have to mane your private keys which is the whole reason many of these got hacked. What i trying to understand is what would a good, safe , low fees "workflow" look like?
ex: you go here exchange usd into.... then you go here trade.. then you go here and exchange crypto back into usd and cash out.
If i have missed anything from this pseudo structure please let me know.
Thank you for your help
I tried coinbase but they have a problem with paper verification in my country therefore i can not exchange usd into crypto. And second i am not a fan of the fact that they have to mane your private keys which is the whole reason many of these got hacked. What i trying to understand is what would a good, safe , low fees "workflow" look like?
ex: you go here exchange usd into.... then you go here trade.. then you go here and exchange crypto back into usd and cash out.
If i have missed anything from this pseudo structure please let me know.
Thank you for your help
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