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Topic: how to set everything up for trading - page 2. (Read 1259 times)

hero member
Activity: 826
Merit: 1001
January 10, 2017, 05:17:14 AM
#3
First of all Bitcoin is something different than altcoins. Best Bitcoin web wallet is Blockchain - https://blockchain.info/, with this wallet you can send/receive Bitcoins. Or you can install Bitcoin wallet in your computer, for example, this one - https://multibit.org/. And then you can start to think about altcoins for example, from this site - https://coinmarketcap.com/ - there you can see a lot of altcoins. You will also need altcoin wallet, for sending/receiving altcoins - it depends which altcoins you buy/sale. There are also some multi altcoin Web wallets with instant exchange, like Cryptonator etc.
If OP is planning on buying a bunch of coins, I wouldn't recommend him to use a web wallet to store his bitcoins. Instead OP you can try a desktop wallet like electrum or any of the listed wallet in here: https://bitcoin.org/en/choose-your-wallet
For a trading platform, I would suggest bitfinex and poloniex also new coins are mostly being listed in c-cex.
For purchasing bitcoi I think you can try localbitcoin or afaik isn't there an atm machines in your area? You can purchase bitcoin in there too.
sr. member
Activity: 435
Merit: 251
January 10, 2017, 05:03:24 AM
#2
First of all Bitcoin is something different than altcoins. Best Bitcoin web wallet is Blockchain - https://blockchain.info/, with this wallet you can send/receive Bitcoins. Or you can install Bitcoin wallet in your computer, for example, this one - https://multibit.org/. And then you can start to think about altcoins for example, from this site - https://coinmarketcap.com/ - there you can see a lot of altcoins. You will also need altcoin wallet, for sending/receiving altcoins - it depends which altcoins you buy/sale. There are also some multi altcoin Web wallets with instant exchange, like Cryptonator etc.
newbie
Activity: 3
Merit: 0
January 10, 2017, 04:25:23 AM
#1
hey there,

im pretty new to the bitcoin world and would like to start altcoin trading. I am well aware of the risks and i am only going to invest money i can afford to lose. I have a few basic questions, just to make sure i understood everything correctly.

From what i have learned so far, the first thing i need is a bitcoin wallet. I then purchase bitcoins there and transfer them to a bitcoin trading platform. If i want to pause my trading and just hold my bitcoin, i just transfer them back to my wallet. Is that correct, or am i missing something here?

Also, i am from Europe (Austria). What would you suggest are my best options for a bitcoin wallet and trading platform?

Thanks in advance  Smiley
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