Community post
#5 Crypto Trading 101 - Introduction
Will do more posts on strategies and tips if people request for it
Here's a quick introductory summary:
general q&a feed
https://www.quora.com/topic/Cryptocurrencies
recommendations
https://www.quora.com/Which-cryptocurrency-should-I-buy-and-hold-for-the-next-6-years-aside-from-Bitcoin-and-Ethereum
portfolio modelling & info
cryptocompare.com - go to portfolios and look at examples
coinmarketcap.com
trading platforms: ps. you need to acquire bitcoins in order to start trading
www.kraken.com - better service
www.poloniex.com - easier to use
I know people trading on 4/5 platforms, so you can find out what platforms your choice of currencies are tradable on from coinmarketcap.com
cashing out - very important
http://www.coinbase.com - from the trading platforms, you can make withdrawals to coinbase in Ethereum or Bitcoin and have the funds sent to your (verified) bank account within 24 hours.
long term storage
exchanges aren't advisable to store your investments. If you intent on holding a currency for more than 6 months, it's best to have a private 'wallet' (find out from coinmarketcap.com or the currency's website) so that you won't lose out IF ever the exchange gets hacked.
Replies (2)
Hello @beatmatrix , may i add some additional info to your post ? . Hard Wallets, that is physical wallets where to store the cryptocurrencies, there is no better advice. Top 10 Hard Wallets for Cryptos
Correct! Thanks @sono.arquetip - Hard wallets rather than what I've labelled as 'Private' wallets are safest - keep them offline & track your portfolio value via the suggested 'sample' portfolio management sites.