Topic: Is micro trading possible? (Read 295 times)

diffferent exchange sets diffferent minimum trade value, many set around 10k to 50k satoshi for btc markets
I'm not sure what's the minimum trade value for doge pair markets, shouldn't be much different
so with $20 doge you should have more than enough to trade in 2-3 doge markets

why pay so high $5-10 withdraw fee? don't withdraw in btc!
he said he wants to try micro trading with doge, so he will use doge as his base crypto
and any exchange only require at max 5 doge per withdraw, that's less than 2 cents

Of course micro trading is still possible in some certain exchanges that won't give you the condition of minimum amount to trade just that you might be limited to the coins you will be able to purchase as the ones I have known of have the minimum multiples of coins. On the issue of verification, I doubt if you will have a way out of that at this time as any exchange sites that wouldn't even ask for that, I would be careful to deposit a cent there but the extent of verification differs across platforms as you have to choose the ones that you are more comfortable to disclose the amount of information they require.

Yes of course, but micro trading is perfect for those who are
new and still learning in crypto trading.

Thanks, I didn't know that, I googled it, and people say if a coin's value drops below 50 thou satoshi, that it cannot be traded.  And that many have small amounts of coins stuck.  However at the same time it is a reasonable amount as well.  I'm Kind of scared of starting to trade lol.

I think you can trade with $20 worth of doge or so, but it's not clear whether you're trying to do it on an exchange or a gambling site.  An exchange might have a minimum withdrawal amount, and they'll hit you with trading and withdrawal fees so it might not be worth it.  In addition, you're never going to make any significant amount of money by trading with so little, and doge is one of those coins that's perpetually dead.  Yes, it gets pumped occasionally but those pumps are few and far between.

If you're just trying to trade to get the hang of it, it's not a bad idea but I think $20 is too small an amount, and as I said, you're doing it with one of the most unattractive coins in existence.

Crypto dice is not a trading site it is more gambling rather than trading, for verification you should use exchanges like binance to trade and withdraw without the requirements of verification but it depends on your withdrawal capacity, as for the small trading it is not profitable if you have small capital as the withdrawal fee and the transactions fee will suck your money, start with a not so small capital if you want some progressive results.

If your purpose is to learn why not try paper trading? You look at the charts and you write at what price you bought then when you decide to sell you write that as well, then you can calculate your profits or losses, you can do this very easily with an excel spreadsheet, but if what you are looking is to make money then you need to rise the size of your capital to something that allows you to earn a living out of it.

I think OP wants to use micro trading for gambling purposes only by using the Doge token.
Sometimes verification do exist in some exchanges due to their own policy for AML which is under on their government banks in their country whether it is a big or small amounts. And for the micro trading, everyone can do it specially for those newbie in trading they can use it as a tool to learn the basics of trading without risking too much money from losing to a major trading.

It's possible but if you are hoping to earn decent profit from that, it's almost impossible. If you want to earn big, you must have big balance too.

Lock this thread now

Every exchange has different set of rules for trading, Like If you want to start trading on cryptopia than you must to have 50000 Satoshi kn your cryptopia balance than you can able to buy any crypto asset. i am not awared about other exchanges, They may provide service at low cost.

Thank you all very much, I've read every comment and learned a lot, as well as got inspired.  I'm going to research and try cryptopia and binance.  I opened cryptopia for a minute, and see there are a ton of doge pairs.  Thanks!   

Micro trading is possible. I think this is the best way to trade for a beginner trader. This way of trading provides an opportunity to learn more information about the crypto currency market and gain experience for larger investments.

Micro trading is good for newbie, they need to learn market works and test strategy. With this strategy you can also know about risk in small value and how to fix it. Trading/ invest in many method is not easy but learn is important, with out that you're blind about market condition. Learn it and try to find your best style, never give up and trust no one.

It is possible to trade micro trade and risk only 20$ if you are gonna use doge. I suggest you use exchanges like cryptopia to trade in doge to any altcoin pair. Also, it would be better for you to hold anything that you will trade long-term rather than short-term. You will profit more when you are micro trading long-term because of the chance of higher profit(especially in high-risk altcoins).

It is possible in Binance Exchange, for small traders there
is no need for verification.

In my opinion this thing can help you to earn earn in which small amount of numbers or small amount of money. You just need to know the best move and time whn it comes on every ways how? Like this poster kryptnick...


One should learn from mistakes to keep on moving with how life gets on to you so a much better thing to say is that try expect failure along the way but you could do something is to learn and make a good outcome on it no matter how small or big it is, it still counts.

And reading is the best information we got here so read and learn

During better times, I experimented with $10 worth of btc 'bankrolls' on different exchanges. I tried buying and selling small amounts of coins. While being interesting and possible, it didn't bring me any luck and I lost most of the money (well, it's still in coins, so maybe one day I could say I won it. Exchanges like bittrex and hitbtc have low trading fees, so trading doge could be perfectly easy there IMO. Yet other people might be right that withdrawal fees might be too high in comparison with a small amount of the invested money, which might make such experiments useless. And yet I really doubt that the fee for withdrawing doge will be significant anyway. You shoulkd explore policies of different exchanges and choose the most suitable one for you. Trading experience will be useful anyway.

It really depends on you whether it can work for you or not. But if you really want to have a lot of profit then you should try and practice the real trading.

Trading is not like other business we need to train our mental health for this type of business when you enter into trading there are lot of problems will be there for you in the beginning you cannot face the problem so many people did not continue in this but if you have confidence in trading then all type of fading will be very very easy for you.

You store your 20$ on this exchange and trade there as long as you dont want to transfer it to fiat (with 20$ investment risk of haking exchange is acceptable for everyone). While transfering it to fiat of through exchanges you only need to transform it to neo (neo transfers are free on most exchanges but you need to have more than 2 neo) or if you cant affort 2 neo than you can  transfer it using LTC (LTC withdrawals are close to 10 cents) or ETC (not ETH - exchanges are boosting withdraval fees on coins that are beeing withdraw mostly) and manny other. The most expesive is USDT (even 50-100$) than ETH and BTC (5-20$) and rest are alswais less than 2$ and even close to 1 cent on some. Funny is that transfer ETH and ETH tokens should cost the same because network needs the same for transfer (tokens are even more expesinve to transfer due to more gas limit spent to compute) but withdrawing them from exchange is much cheaper.

I do not recommend micro transactions on exchanges with crypto because they have a big fee if you want to withdraw . For example if you put $10 in doge and you make 4-5$ profit and you want to withdraw them you have to pay fee for withdraw (5-10$).

Doge? seroiusly? Why? Its coin made for fun and its performance suprised everyone even creators. It can be dumped back to 1 sat. Its also not traded on any good exchange with high volume and low spreads (what is mandatory for trading you would like (similar to dice gambling). I would suggest switch to any other coin (if you choise this coin because its cheep than read this https://bitcointalksearch.org/topic/m.37787537) and go on binance where min bet is 0.001 BTC what is close to 6$. And trade to increase BTC amount (my suggestion) but if you like cheep coins than buy ripple or any coin you like and trade it against USDT or BTC or ETH (its paired with them). Simply buy this coin for all your money and if you see that price will be dumped sell it and buy lower bigger amount (Physical Short). Binance also dont need veryfication.

But its better to hold btc and trade to increase its amount - with 20$ you will have 0.003 BTC. Its dasnt matter how much coins you have. It does matter how much money did you invest. Because profit is alwais % of investment. Not % of number of coins. And BTC has much brighter future in my opinion.

If you still want to trade doge i would choose Bittrex - phisical short against BTC or cryptopia (when i has account there there wass whole doge market agaist manny other coins i dont know if its still there) but volume there is hilarious and trading there will be more like gambling than dice (spread up to 100% and susceptibility to huge moves will crash all stoploses and make every investment unpredictible).

You do talk about trading but you do mention about crypto dice which is typically a gambling. Can you elaborate on which thing you are engage into? Trading or gambling? but since most of the time you do talk about micro trading then its possible for it to be done here on this crypto space and i dont know why you do able to hit up with a verification yet you do only engage on small amounts. Verifications do usually occur when you are already trading in big volumes.

to trade my own micro still have not tried it, but if I see a possibility if the micro is certainly what is obtained is still minimal, because usually the micro for people who are new to try.

I am always greedy and only hold some coins, not hold many other coins

In addition to what he said, if you're not familiar to the basic online trading and to the foreign exchange market then micro trading suits you. Also micro trading, you can invest a small amount of money yet you'll earn less too.

Yes, of course it's possible. Yet Micro Trading is more for beginners. In my opinion it's a good way ho to learn and gain some knowledge & experience, but there again, what i dnt understand - If you're risking your money already, why would you go with this? Make the time worth full and trade as regular. With this your chances t o earn are limited.

I like crypto dice because of how little I can deposit, withdraw, how small the bet can be, no verification of any kind.  I tried to trade micro but got immediately hit with verification, large min positions, and the need to register everywhere to see if I can use it, and in most cases I couldn', so I dropped it.  Is it possible to micro trade?  Total bank to risk 20$ in doge and trade with the intention of increasing the doge amount, not usd value.