minimum amounts to buy and sell a coin when trading

Timmzzy

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

All money that is a spare money IS MINIMUM, $20 is minimum, $30 is minimum, $40 is minimum, $50 and so on are all minimum money for crying out loud to you guys trading is risky know this and know peace. If you by any chance make a living out of it then you will understand the whole stress and lots to understand. None is a pro in the market trust me... Trading is by mind if you don't have the mind to accept losses then trading is not for you.

fullhdpixel

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Quote from: Inwestour on November 11, 2023, 02:27:22 AM

Quote from: Yamifoud on November 09, 2023, 05:59:30 PM

Better use a reputable platform rather than make use of this new exchange.
Well, for me, I made a start with a capital of $50 but guess it was enough. However, if you think about earning a huge profit from this amount, I will tell you frankly that it won't. Because this is the truth, small capital will only give you a small profit but if you put a huge amount, the possibility of earning more. I said possibility it is because it won't just depend on the capital itself but also, the strategy we are using as well.

Better make a good understanding of safetrade exchange, don't try using this if there is doubt and uncertainties in your mind.

You need to start with a small amount, 50-100 dollars will be enough to test your strategy. Trying to look for platforms that will allow a deposit of a few dollars is not worth it, since there is no point in this, and in addition, of course, it is worth thinking about the reliability of this platform. I mean that it is much more important to choose a reliable and proven platform than to worry about the minimum deposit amount.

Each exchange must have their own rules like if what is the minimum amount for a person to trade but I'm sure that 50 dollars is always enough to initiate a trade. I only won't say that this was a small amount to some poor traders. If it's only about testing a strategy, we can try a much lower amount or just use the demo version so that it won't cost us anything.

Even if we are done practicing, it's always better to stay humble and trade only with smaller amounts because we don't know what is coming up ahead. I like the last thing that you said there, indeed this must be the ones what we should look for, before anything else because others will still be useless if we ended up getting scammed by the platform that we are using.

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Good platforms have a Frequently Asked Questions section that contains questions such as the lowest deposit amount and the highest amount. You can deposit higher than the written amount to avoid any problems or ask the uncle team directly, but the question remains in choosing a good platform, since you choose a fraudulent platform, and even if you deposit a dollar. One of them will be stolen from you, and you must research and focus on the possibility of withdrawal. Can it be done without KYC?

Litzki1990

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I use binance exchange and in binance exchange few days ago the minimum level to buy any coin was 10 dollars but now maybe this minimum level has been reduced now a trader can buy and sell his coins between 1 dollar and 10 dollars. Buying and selling any coin for $10 or less means we can assume that you are doing this to learn trading because trading with $10 or less means you won't understand the amount of profit or loss. Maybe you are planning to buy and sell coins for $10 or less just to gain real knowledge of the market.

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Although not the answer you want because I only use two exchanges and in my experience selling and buying coins is easier on large exchanges like binance.
safetrade exchange is not that popular and I feel uncomfortable with any exchange like that.
If your goal is to choose an exchange to buy and trade, as many people say, use a large and popular exchange among traders.
In addition, the risk of using an exchange to hold the coins you buy is also large even if the exchange is large. Always remember, exchanges do not function to store coins.

armanda90

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I am not really popular with Safetrade exchange but regarding some CEX exchange have minimum $10 for each time trading of altcoin or bitcoin, if you have lower fund maybe dapp is better exchange for trading without any minimum amount there. I don't know with Safetrade exchange reputation are most recommended with trust exchange or not because this new exchange with launch around 2018. Regarding coinmarketcap information, there are have small transaction volume with Safetrade exchange and you can check here details to know its recommended exchange or not for trading coins there.

In Safetrade exchange not have many altcoin listed there based on Coin market cap update there are have 50 altcoin listed and looks less of reputation for trading there.

Check more detail with Safetrade exchange here.

SAFETRADEEXCHANGE

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

This safe exchange is it a new one? Because this is the first I heard of it. Anyways, back to your question

The minimum amount to buy any coin on Bitget is $5 while that of Binance is $10

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

You should not look for this, the idea to be able to trade the minimum amount tells me that a person doesn't have enough money to trade anyway. If you are looking for the minimum amount, no matter where you live, that amount you could profit from trading will not be enough.

The better outlook for me would be how you could earn more money, so that you can trade bigger and more. I understand that it is not easy to handle it, but it would be at least possible and that's an important thing. I get that it's quite tough to earn money in anywhere, but in the crypto world it's easy to find a job staying at home in front of your pc, no matter what the job is. I get that it is not easy to FIND that job, but at least it would be possible to do it anywhere in the world. So this means that it opens the job application to whole globe, and that means you can be hired by anyone around the world. That's an important aspect of it, and you should be careful about it for sure.

Inwestour

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Quote from: Yamifoud on November 09, 2023, 05:59:30 PM

Better use a reputable platform rather than make use of this new exchange.
Well, for me, I made a start with a capital of $50 but guess it was enough. However, if you think about earning a huge profit from this amount, I will tell you frankly that it won't. Because this is the truth, small capital will only give you a small profit but if you put a huge amount, the possibility of earning more. I said possibility it is because it won't just depend on the capital itself but also, the strategy we are using as well.

Better make a good understanding of safetrade exchange, don't try using this if there is doubt and uncertainties in your mind.

You need to start with a small amount, 50-100 dollars will be enough to test your strategy. Trying to look for platforms that will allow a deposit of a few dollars is not worth it, since there is no point in this, and in addition, of course, it is worth thinking about the reliability of this platform. I mean that it is much more important to choose a reliable and proven platform than to worry about the minimum deposit amount.

tjtonmoy

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Quote from: electronicash on November 09, 2023, 04:04:31 PM

as little as $10 i guess its possible for him to train himself to trade on spot. with how the market swings today its too high a minute ago it was already $38k then suddenly down to $36k. it will be a big profit if you deposit bigger.

As always, I will suggest a newbie to deposit the minimum amount that is needed for trading. It is better to start with a very low amount (The amount you can actually trade on a platform) and then when you learn the basics and be a bit good at it then move on to depositing bigger amount.

I like the idea of trading in a volatile market. You can experience many things that you can't when the market is much stable then this kind of volatile situation. But as a newbie I won't suggest OP to deposit bigger amount yet. First he should focus on learning how to trade and then when he gets the idea and experience, then he can move on to doing bigger trades.

As you mentioned $38k to $36k is a big jump and it happened very quickly. An inexperienced trader will have a hard time adjusting to that market movement. So they can make you huge loss in this situation. So I will stick to my advice and say start with small and then move on to big one when you are ready.

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Quote from: Kelvinid on November 10, 2023, 07:17:42 AM

Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

You should know more about safetrade exchanges, better if it was clear to you than risky even with the minimum amount lost because it was not really acceptable in a sense that can avoid it. I don't try this exchange nor do I have a plan to.

Each exchange may have the same or different minimum deposit set and it can be found in their rules.
Well, that is a good idea to choose the minimum first but of course, you can't expect big returns from that amount as well. You've heard enough advice and it was your final assessment is needed.

I don't know why he wants to buy Safetrade. Whatever his reason is, he would have chosen other altcoins; he can choose many that are better than Safetrade, to be honest.

In fact, Shiba Inu, Doge, and Pepe are even better at Safetrade, to be honest. I'm just doing a reality check because these meme coins I mentioned are listed on well-known exchanges. Then there are other cryptos that are better, like Optim, ARb, and other cryptocurrencies.

Kelvinid

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

You should know more about safetrade exchanges, better if it was clear to you than risky even with the minimum amount lost because it was not really acceptable in a sense that can avoid it. I don't try this exchange nor do I have a plan to.

Each exchange may have the same or different minimum deposit set and it can be found in their rules.
Well, that is a good idea to choose the minimum first but of course, you can't expect big returns from that amount as well. You've heard enough advice and it was your final assessment is needed.

gunhell16

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Also, in my experience, the minimum I know is at least 10 dollars; you make 11 dollars because there is a $1 transaction fee for the deposit. So if you do trade on an exchange, it's on platforms that have been tested in this industry, such as Binance, Mexc, Gate.io, Kucoin, Cointiger, Bitforex, and others.

Do not try exchanges that are not yet well known in the crypto space, as you may risk the money you deposit here. You can also do some research before entering money, so you know if what you are entering is real or not.

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Quote from: bayu7adi on November 08, 2023, 10:18:32 PM

The minimum deposit for USDT is $7, and there's no minimum deposit for BTC. You can actually check this yourself because you don't need to go through KYC for registration to check the minimum deposit. You only need to activate 2fa and provide your email. you know that you can use an alt email, and you can also download an authenticator app as a Google Chrome extension for simple step..

I think he should also be looking at the minimum withdrawal amount. There's depositing 7 USDT, yet he can't withdraw it back because of a higher withdrawal limit and fees.

I just registered using a disposable email address, and the exchange won't even allow me to view the minimums without first verifying my accounts. There's no way I can even think of sending my KYC documents to such a platform

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Better use a reputable platform rather than make use of this new exchange.
Well, for me, I made a start with a capital of $50 but guess it was enough. However, if you think about earning a huge profit from this amount, I will tell you frankly that it won't. Because this is the truth, small capital will only give you a small profit but if you put a huge amount, the possibility of earning more. I said possibility it is because it won't just depend on the capital itself but also, the strategy we are using as well.

Better make a good understanding of safetrade exchange, don't try using this if there is doubt and uncertainties in your mind.

Abu-Naim

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Safe trade exchange did not appear to be user friendly, and there are no more coins listed in the exchange; moreover, due to its lack of popularity, you might consider trying alternative exchanges that are user friendly and have decent trading capabilities.
Binance and Kucoin exchanges are the ones I've generally used, and other users here can attest to how good and secure they are, despite the fact that centralized exchanges are untrustworthy.
If you want to know their minimum withdrawal, each exchange has its own set of terms and conditions; read them carefully and you will see their transaction deposit and withdrawal limits.

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Quote from: BitMaxz on November 08, 2023, 07:59:46 PM

SafeTrade exchange? I never heard this exchange before?

It may be here.
https://coinmarketcap.com/exchanges/safetrade/
It's on coin marketcap. However, the trading volume is quite small for an exchange class. Why should the OP choose this exchange? Is it because this is their local exchange? Even though the project has been going on since 2018, there hasn't been much progress. Regarding fees, it has been explained by @bayu7adi

It has been answered by several members here that this will be the same for each exchange. Just choose the exchange you want because they are usually different, or some are the same. And even in 1 exchange, there will usually be some differences regarding this, based on each pair used.
It would be better if you look at the exchange data here first
https://coinmarketcap.com/rankings/exchanges/
So OP can choose which one is bred for use in his country. And finally you can explore further by opening their site, especially the minimum connection.

Johnyz

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Every exchanges have their own terms and conditions, now if you want to test the exchange make sure to read their terms as well so you can know their policies and the things that you’ll do before trading. It’s good to deposit the minimum first before going all out by this you are spending time to at least be familiarize about the site and experience their platform without sacrificing a lot of money, if there’s a chance for you to choose the top sites much better.

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Just hover through their FAQ or info related to the minimum and maximum amount per trade that they allow.

That's how you use an exchange and you become researchful before using them. Usually, it's on their exchange also when you try to read it. For example, in Binance they have announcement like this if they have adjusted the rates.

Updates on Minimum Order Size for Spot and Margin Trading Pairs (2023-08-31)

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Quote from: david678345 on November 08, 2023, 07:01:19 PM

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Not quitr sure but if you are using dex it depends on the network you are using. If eth network then at least $50 budget including fees to make surr you are good to go but $10 to $20 on other L1 is quite okay. But for cex I think $5 to $10 minimum trading. Ive usef mexc one time and it didnt allow me to set trade cause its less than $5. Something than range mate.

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