Trading Exchanges for newbiee - page 4.

Altero

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Quote from: Ucy on September 27, 2018, 10:43:20 AM

Just be careful on Bittrex especially the big traders who cherish their anonymity. They could freeze your account and just ignore you.
It used to be a great trading platform until it was aquire by some strange group of people.
I didn't even bother returning back to the exchange when they started freezing the accounts of fellow comrades in Crypto. I have reasonable amount of Bitcoin and Litcoin there.

It looks like this exchanges is centralized, controlled by group of people and freeze accounts? It is sound alarming and thanks that I've never put huge amount of money on this exchange. These things really affect the numbers of people do trading in here and might losing big clients.

aencarnaci

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Quote from: Farma on October 11, 2018, 05:04:35 AM

Quote from: Huskarls on October 07, 2018, 12:17:17 PM

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

Too fast ? What do you mean ?
There is nothing like being too fast when it comes to an exchange, what is important is to just understand all you need to know when it comes to trading effectively.

I started my trading career on bittrex actually with the previous interface and I was able to use it as a platform to learn a lot over the years until I started making use of APIs of the exchanges I am using on other applications that enables me to easily trade without having to log in to an exchange every single time.

Nevertheless, trading platform should not just be the thing a newbie should be after, but knowledge, and I would advise that for someone who is just starting, rather than going in with real money, using demo funds on platform like bitmex demo should be a start for newbies as far as I am concerned.

forex

member

Activity: 290

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I think bitfines is not the exchange for newbee, At least because it requires 10k$ deposit. If u have 10k$ for deposit you are not newbiee). P.S. in fact, I myself trade on bitfinix, but I registered there when there was no rule about 10k

Btc_1856

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Quote from: Farma on October 11, 2018, 05:04:35 AM

Quote from: Huskarls on October 07, 2018, 12:17:17 PM

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

I hope for a newbie, it is very good to get trading experience through index exchange because of their active team behind this exchange which will be very easy for a newbie to find good coins in it. In the beginning, I used to gain knowledge through index only.

Gloria99734

jr. member

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Quote from: Farma on October 11, 2018, 05:04:35 AM

Quote from: Huskarls on October 07, 2018, 12:17:17 PM

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

Why too fast? I think its easy to use

Farma

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Leading Crypto Sports Betting & Casino Platform

Quote from: Huskarls on October 07, 2018, 12:17:17 PM

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

Gloria99734

jr. member

Activity: 58

Merit: 2

Quote from: Huskarls on October 07, 2018, 12:17:17 PM

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

Well you really love it!
Add yr point on #1 already Wink

Gloria99734

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Activity: 58

Merit: 2

Quote from: lornadane on October 06, 2018, 04:54:55 PM

Your List will be perfect for the newbie if you remove Bithumb exchange name! It is not a good exchange mate, Users are not safe there! then why you will go there where you have plenty of options to exchange your coins? Though This is your personal list, still Bithumb name you may remove and you should add bittrex name or Bibox Exchange name in the list. Bithumb attacked by the hackers two times in this year and more than 30 Million USD was taken!

Thanks for yr recommendation, I have added a strikethrough on it. But still leave its info here for reference

Bittrex is right here, haha. what you feel on Bibox?

Gloria99734

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Gloria99734

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Quote from: Mkmanik on October 05, 2018, 10:11:07 AM

Good article. I only use Binance,Biitrex, and kucoin. among them Binance is best.its has huge volume and sequrity level is also good. after binance I use bittrex and 3rdly I like to use kucoin.kucoin added new coin mostly and its a news exchange site.

Yes, trade on different exchanges on different needs! thats what i want to talk abt:P

coinplus

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Quote from: omonuyak on October 05, 2018, 02:36:47 AM

one thing I do is to find out features that one has against one another and take advantage of it. Binance and kucoin are the two exchange I trade currently and I am making some profits because of the features in them that are in not in other exchanges.

Yeah, and this is one thing that I believe over time we would actually get to see a better way of listing in the long run. I guess the way things have been lately, we have seen the rate at which like you said, exchanges are coming up with strict policies when it comes to listing which is actually good, but these days the fee it takes to get listed on an exchange is actually a whole lot huge which could actually even be used to develop the project further. This I guess is one of the reasons why we get to see some of these very good coins with projects not getting listed on some of the top exchanges.

Quote from: Yamifoud on October 04, 2018, 06:58:56 PM

I've never consider these two exchanges as the best cause of its market volume compare to the others. But the good thing about ETHERDELATA is that, they probably listed new coin. But I appreciate also this exchanges cause this is the first exchanges I have and I've learn trading from it.

EtherDelta is not actually an exchange you really want to be considering, as this is one exchange that is already out the drain. It is a decentralized exchange, had its good times and bad times, but I just saw it as one of the dex that could not keep up and even though right now they have forked to become fork delta, I still see the same thing with the laggy features, the bad UI and so on. I still feel we have not gotten to that stage of decentralized exchange being a top notch usable platform yet, probably, may be binance would make a difference when theirs gets launched.

Huskarls

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yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

Premooooo

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Quote from: Bunsomjelican on October 07, 2018, 05:21:20 AM

Quote from: AdamRay on September 27, 2018, 05:24:39 AM

Quote from: Gloria99734 on September 27, 2018, 05:18:14 AM

To start trading, first we need to choose a platform, here are the platforms I use.
Share with all of you Cheesy

Bicoin: Bithumb, Bitfinex

Tether(trading TUSD or USDT): Binance, Bitmart

ETH: all of above

Welcome to other suggestion Wink

Why do we need to split up so many trading floors? Why do not we trade at a single exchange? I am wondering about this issue and hope you will help me. I'm a beginner to trading. thank you.

If you understand or believe in saying " Don't put all your eggs in one basket " It means, it is much dangerous if you put all your coins in one exchange. don't attempt to try that, instead, it is much better and good if you scatter all your coins in different legit exchange site platform. Aside from the exchange you mentioned in the above statement, kucoin, okex, coinbene, and houbi which I think is a good platform.

Absolutely it's true do not put all your funds in one egg. ICO bounty is already crash and nothing chance to earn for a good profit.

naruto7676

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This is a big help for newbies need to learn some trading. Because some newbies don't have enough experience to start in trading and lossinh their money for nothing.

Bunsomjelican

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Quote from: AdamRay on September 27, 2018, 05:24:39 AM

Quote from: Gloria99734 on September 27, 2018, 05:18:14 AM

To start trading, first we need to choose a platform, here are the platforms I use.
Share with all of you Cheesy

Bicoin: Bithumb, Bitfinex

Tether(trading TUSD or USDT): Binance, Bitmart

ETH: all of above

Welcome to other suggestion Wink

Why do we need to split up so many trading floors? Why do not we trade at a single exchange? I am wondering about this issue and hope you will help me. I'm a beginner to trading. thank you.

If you understand or believe in saying " Don't put all your eggs in one basket " It means, it is much dangerous if you put all your coins in one exchange. don't attempt to try that, instead, it is much better and good if you scatter all your coins in different legit exchange site platform. Aside from the exchange you mentioned in the above statement, kucoin, okex, coinbene, and houbi which I think is a good platform.

stepwilli

sr. member

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Quote from: Domicbora on October 03, 2018, 06:49:01 AM

Quote from: Gloria99734 on September 27, 2018, 05:18:14 AM

If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use.
Share with all of you Cheesy

1. Binance (Strongly recommended)
2. Bitfinex (Stable, not many coins available)
3. Bithumb (ps:security issue happened, consider well)
4. Upbit (Korea exchanges)

Welcome to other suggestion Wink

*******Additional information************
Recommended by FlamingFingers : Bittrex - 2 years exp. and No issue ever

I just came across a comment saying that we shouldn’t have different exchangers and that everyone should be trading only on one exchanger. Well, that’s not going to be possible, everyone is entitled to making their own choice. We can’t have only one exchanger, there supposed to be different exchangers and they are not going to be offering same services like the other just like the op stated that Bitfinex doesn’t have much coins available, but there will be something good about them, a way that they are beating others. So it’s left for you to choose what you like.

It is not even advisable to be concentrating on one exchange alone; there are so many reputable exchanges, so the idea of someone putting all their funds in a single exchange is just like putting all their eggs in one basket. We have seen the way things are over the years, when some exchanges have gotten hacked and because of that, so many people have lost their money.

This is the reason why at least spreading the risks across board can really be of great help in the long run. These days when you can easily use APIs, you do not even need to start logging into every of the single exchanges you are on before you start trading, as you can just do that on a single trading mobile software like Tabtrader or a web application like Coinigy.

Mpamaegbu

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Once a man, twice a child!

Quote from: Gloria99734 on September 27, 2018, 05:36:10 AM

One thing forget to mention, the commission fee and service quality are also important

This is the sole reason Hitbtc will likely not be adored by many as preferred choice of exchange. Hitbtc has the most ridiculous commission charges I have seen among the exchanges I patronize. It takes commission once transfer is made even before one places a trade. I patronize it only when its the only exchange having the crypto I want to buy.

lornadane

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Merit: 101

Your List will be perfect for the newbie if you remove Bithumb exchange name! It is not a good exchange mate, Users are not safe there! then why you will go there where you have plenty of options to exchange your coins? Though This is your personal list, still Bithumb name you may remove and you should add bittrex name or Bibox Exchange name in the list. Bithumb attacked by the hackers two times in this year and more than 30 Million USD was taken!

marsmyname

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andriarto

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Quote from: Kadot amoh on October 05, 2018, 02:12:55 PM

trading for beginners must have capital first, if we already have the capital must choose the coin price that is going down in price, if we have bought it we have to wait for the coin that we have bought the price goes up, that's how beginners trade

capital must have to buy coins. but for beginners i recommend long-term trading. so it is not confused with uncertain price fluctuations. other than that, choose the recommended trading platform, so it will be more comfortable during learning process

Topic: Trading Exchanges for newbiee - page 4. (Read 14702 times)