High level beginners guide to Crypto trading

I am part of quite a few social media groups and these questions pop up time and again. whilst not an exhaustive guide, I've put this together to at least guide you in the right direction and filter out some of the noise.

I'll be going into all of these topics in more depth in the coming weeks, but I hope you can get a head start.

If you found this helpful, you can always make a BTC donation:

BTC: 1MFUtwnN3M8AGxifyCRaxZYunkJPVRosga

What is bitcoin?

Here is a good starting point:

• https://www.youtube.com/watch?v=Gc2en3nHxA4
• https://cointelegraph.com/bitcoin-for-beginners/what-are-cryptocurrencies

How can I see price change for coins over the last few day/weeks/months?

• https://coinmarketcap.com/

Which coins should I invest in?

It goes without saying but always do your own research and make your own decisions.

Having said this various people sell "signals" and advice for a fee.
But for now the cheapest way to get started is to buy "the profit package" by Brandon Kelly:

• https://bossofbitcoin.com/shop/the-profit-package/

Plenty more exist but I won't pump them, feel free to leave a comment.

What are ICO’s and where can I hear about them?

• WTF is an ICO: https://techcrunch.com/2017/05/23/wtf-is-an-ico/
• ICO calendar: https://tokenmarket.net/ico-calendar
• ICO performance over time: https://icostats.com/

Why is the market behaving like this right now?

Where can I purchase bitcoin using a credit card?

This is not an exaustive list.

USA:

• https://www.coinmama.com/
• https://www.coinbase.com/ (the largest, mixed opinions)
• https://cex.io/](https://cex.io/) (mixed opinions)

UK:

• https://www.coinfloor.co.uk/
• https://bittylicious.com/

Brasil:

• https://foxbit.com.br/

Pakistan:

• https://urdubit.com/

Where can I purchase bitcoin using a cash?

• localbitcoins.com but the prices can vary in each country.

Where can I buy Bitcoin with EURO/USD/GBP (wire transfer)?

• http://kraken.com/
• https://www.bitstamp.net/

Where can I trade my bitcoin for alt coins?

• https://bittrex.com/ (best for now)
• https://www.bitfinex.com/ (good, limited coins)
• https://poloniex.com/ (mixed opinions, high volume)

Where can I trade my ICO ERC20 tokens?

• https://etherdelta.github.io
• Etherdelta guide: https://www.youtube.com/watch?v=XRsHfFAVtuk

What are ERC20 tokens?

• http://www.investopedia.com/news/what-erc20-and-what-does-it-mean-ethereum/

Where can I check my ETH/token balance?

• https://ethplorer.io/

How can I track the status of my coin transaction?

• BTC/LTC/DOGE: https://live.blockcypher.com/
• ETH/ERC20: https://etherscan.io
• Monero: you can’t! (Thats the point)

How can I learn about how to read charts?

• The BOSS method: https://www.youtube.com/watch?v=VzR1z3FKdE0
• Node Investor Training: https://nodeinvestor.com/training/
• more traditional Technical Analysis: https://www.babypips.com/trading/technical-analysis

What can I use to read charts?

• https://www.coinigy.com/?r=5c15ed45 Coinigy allows you to trade from within the site via API
• https://www.tradingview.com/

Where can I store my coins?

• major coins (desktop only): https://www.exodus.io/
• mobile wallet: https://coinomi.com/
• mobile BTC wallet: https://wallet.mycelium.com/
• ERC20 tokens: https://www.myetherwallet.com/
• ERC20 tokens: https://metamask.io/

What can I use to store my crypto offline/securely?

• Hardware wallet: https://www.ledgerwallet.com/
• Hardware wallet: https://trezor.io/
• Hardware wallet: https://www.keepkey.com/
• Bitcoin Paper wallet: https://bitcoinpaperwallet.com/

What do I do if I have a problem with a transaction to/from an exchange?

1. Don’t panic

2. Contact their support team, don’t expect an immediate response though.

3. check the transaction on the blockchain (see above for blockchain explorers)

I always advise people to check, and double check the address you are sending to. Typically you just need to check the first and last 5 digits on an address.

Send a nominal amount first to make sure the address you are sending to is valid and works. When it successfully arrives, send the remainder.

I heard people get hacked all the time, how can I prevent this?

The best you can do is to slow them down and limit their chances of getting to you.

Always backup your private key or mnemonic phrase from your respective wallet. If you can't access the private key in some fashion, don't use the app at all.

Desktop:

Use Linux if possible, but most of you will be on Mac or Windows, so these links will cater for those users:

1. Install good antivirus software:

   • https://www.bitdefender.com/

2. Use a VPN service:

   • Free: https://www.tunnelbear.com/
   • Good: https://nordvpn.com/
   • Best: https://cryptostorm.is/ use via https://tunnelblick.net/

3. Install the following browser extensions for Chrome and Firefox.

   • https://disconnect.me/disconnect
   • https://www.ublock.org/
   • https://www.eff.org/https-everywhere
   • https://decentraleyes.org/

4. Store your private notes, records and passwords in a strong password manager:

   • https://www.dashlane.com/

Mobile (android):

• Use a good VPN service where you can use OpenVPN then install this app: https://play.google.com/store/apps/details?id=net.openvpn.openvpn&hl=en
• Mobile antivirus & security (Android) https://play.google.com/store/apps/details?id=com.eset.ems2.gp&hl=en

Tips for trading on exchanges:

Bittrex is quite good in that it allows you to lockdown a fair bit of your settings. Where possible on all exchanges do the following:

• Use 2 Factor Authentication (2FA)
  • Authy https://play.google.com/store/apps/details?id=com.authy.authy
  • Google Authenticator https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2
• Whitelist the wallet addresses you can withdraw to. This means only your personal wallets can receive coins.
• Whitelist IP addresses. You should whitelist your static IP, preferably your VPN address and always connect to the site via VPN.
• Turn on all email notifications for login and withdrawal requests.

What app can I use to trade on my mobile?

By far the best app out there is TabTrader. Don't forget to use a VPN when using the app, lock down the VPN IP address and don't allow withdrawals when setting up the API key.

• https://tab-trader.com/

What apps do you recommend I use to track my crypto portfolio?

• handy spreadsheet https://steemit.com/cryptocurrency/@mix1009/cryptocurrency-portfolio-template-for-google-sheets

• Cryptocompare portfolio: https://www.cryptocompare.com/portfolio/

• Blockfolio (tracks profit & loss): https://www.blockfolio.com/

• CMC: https://play.google.com/store/apps/details?id=io.coinmarketapp.app

Other handy mobile apps (android):

• CoinCap https://play.google.com/store/apps/details?id=io.coinCap.coinCap
• CryptoTrader: https://play.google.com/store/apps/details?id=com.etherionlab.cryptotrader

What about mining crypto?

You can have a go at cloud mining:

• Genesis mining (use my referral code xwLheW for a 3% discount) https://www.genesis-mining.com/

Or if you have deeper pockets you can try co-located mining:

• Giga Watt https://giga-watt.com/

Hopefully this info will set you on the right track!