What exchange and wallet to use? - page 3.

harizen

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Quote from: Shayls on July 16, 2017, 02:44:00 PM

Hi, newbie here and I'd really appreciate any answers.

I've been reading like mad and just have some fundamental questions:
1) What exchange do you use? On that exchange, do you buy with market or limit orders?
2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.

And I think that's about it. Thanks!

1) Been using local exchange for withdrawing purposes only. If we are to talk about trading platforms, Im using Poloniex. My buying behaviour depends on what I feel to do.

2) Been using desktop wallet for long time now for bitcoin specifically, Electrum. Just take minute to install and easy to used. Sometimes Im using local wallet just for service purposes only as no doubt they have the best feature when using bitcoin in various ways. For altcoins storage, Im downloading their official client available at their respective website. If not available, then risking some on exchange wallet.

Siren

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Quote from: Shayls on July 16, 2017, 02:44:00 PM

Hi, newbie here and I'd really appreciate any answers.

I've been reading like mad and just have some fundamental questions:
1) What exchange do you use? On that exchange, do you buy with market or limit orders?

Poloniex and Bittrex for me. So far I don't have issue with them. The best for me.

Quote from: Shayls on July 16, 2017, 02:44:00 PM

2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.

Electrum wallet for my bitcoin trading. Fast and Lightweight. Exodus wallet for holding multiple coins.

dreamer81

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Just avoid poloniex. I have lost 3.5BTC on their platform, and their support is not answering since 2 months now.

Try bittrex or something like that.

bluefirecorp

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Quote from: avatar_kiyoshi on July 16, 2017, 09:42:09 PM

1). I used my local exchange to convert btc for fiat or vise versa. I buy directly with current market, I'm not really active to trading bitcoin, just buy/sell it for spending purpose.

I usually trading with altcoin and I comfortable with arbitrage, so I used exchange which can use to arbitrage. For example: bittrex, poloniex.

2). I used various wallet, I separate the usage of wallet I used to be: for spending, trading/business purpose and storing. I used mobile wallet for spending, desktop wallet for trading/business purpose and paper wallet for storing.
Paper wallet which can hold multiple coins sounds good idea.

Agreed but there is difference between mobile wallet and online wallets? What is the difference? Difference is that both are connected to the internet which is called online wallets. So when you are using a mobile wallets then this is an application of any online websites of wallet. So everyone online wallet websites are having application like bittrex and poloniex.

Catmony

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You can choose bitstamp and kraken for bitcoin trading and poloniex & bittrex for altcoin trading. Talking about wallets that can hold multiple coins in one wallet than you should go with either jaxx or exodus.

If you want to just hold bitcoin for considerably long time than you should either use paper wallet printed from offline printer and computer or you should buy hardware wallets like trezor, ledger..

pawanjain

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Nothing lasts forever

You should try using bittrex or poloniex . I am currently using yobit but i am gonna shift it to bittrex because yobit has more scam coins and its a great platform for people who pump and dump and i dont like that. So i am thinking to shift over to bittrex . My friends say not to keep all your money on a single exchange and thats absolutely true but i have only a few dollars right now and soon enough when i hold a substantial amount of bitcoins i will spread it over to other few exchanges. The wallet to use would be Mycelium as it gives you the ability to control your coins by the private key. It has the option to export the private key so that we can keep it a safer place.

iru786

full member

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Bitcoin Exchange is the online website to handle Bitcoin trading, whereas Bitcoin wallet is the best service to store your Bitcoins in a secured manner. Till now, I didn't use any wallets, but according to others opinion, Coinbase is the best one. Buying of bitcoins and using of wallets is simple. Find the best Bitcoin Exchange in the online and trade a currency for bitcoins. After that, store your bitcoins in your wallet. Bitcoin exchange is simple than other existing methods.

DaMut

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Quote from: Shayls on July 16, 2017, 02:44:00 PM

Hi, newbie here and I'd really appreciate any answers.

I've been reading like mad and just have some fundamental questions:
1) What exchange do you use? On that exchange, do you buy with market or limit orders?
2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.

And I think that's about it. Thanks!

1) What exchange do you use? On that exchange, do you buy with market or limit orders?
= bittrex,poloniex,novaexchange,coinexchange and other exchanger (reason,it's really hard to trust all of our money in a single exchange because a lot of issue happened and many people hardly get their money back) buy using market or limit it depends on situation and condition,and many people likely use limit as their orders

2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.
= just keep it in exchange if you want to hold multiple coin,if you use an offline wallet it's really dangerous and not safe for your bitcoin.problem happened because many people try to download multiple account and on it there's an attachment in thr wallet(viruses and malicious software)

webvn20

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1) What exchange do you use? On that exchange, do you buy with market or limit orders?
2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.
1- i using novaexchange
2- above and wallet offline

amacar2

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Quote from: Shayls on July 16, 2017, 02:44:00 PM

1) What exchange do you use? On that exchange, do you buy with market or limit orders?
2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.

1. I mostly do altcoin day trading so poloniex and bittrex are my favorites. I buy with limit orders rather than just buying off from the current sell order.

2. I am using electrum for bitcoin and jaxx to store altcoins like eth, ltc and etc. You can also use jaxx if you want to store multiple kinds of coins in one wallet. Jaxx also give you private key of your addresses.

avatar_kiyoshi

legendary

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1). I used my local exchange to convert btc for fiat or vise versa. I buy directly with current market, I'm not really active to trading bitcoin, just buy/sell it for spending purpose.

I usually trading with altcoin and I comfortable with arbitrage, so I used exchange which can use to arbitrage. For example: bittrex, poloniex.

2). I used various wallet, I separate the usage of wallet I used to be: for spending, trading/business purpose and storing. I used mobile wallet for spending, desktop wallet for trading/business purpose and paper wallet for storing.
Paper wallet which can hold multiple coins sounds good idea.

Vessko

full member

Activity: 139

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Bitcoins are a modern equivalent of cash and, every day, another merchant starts accepting them as payment. We know how they are generated and how a bitcoin transaction works, but how are they stored? We store fiat cash in a physical wallet, and bitcoin works in a similar way, except it's normally digital.Bitcoin wallets store the private keys that you need to access a bitcoin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage to avoid having them on a computer at all. Of course, it is very important to secure and back up your bitcoin wallet.

Shayls

newbie

Activity: 1

Merit: 0

Hi, newbie here and I'd really appreciate any answers.

I've been reading like mad and just have some fundamental questions:
1) What exchange do you use? On that exchange, do you buy with market or limit orders?
2) What wallet do you use? I am interested in a paper wallet that can hold multiple kinds of coins, not just bitcoin.

And I think that's about it. Thanks!

Topic: What exchange and wallet to use? - page 3. (Read 2105 times)