Kriptotreyding for beginners: Step by Step Instructions

As ForkLog readers know, our website has a "card", where we detail and just trying to explain the nature of certain concepts and phenomena related to the world cryptocurrency. However, even this tool, as practice shows, is not comprehensive enough, for example, in order to start trading on the stock exchange cryptocurrency.

That is why ForkLog decided to publish the story in the first person about how to buy Bitcoin, bring it to the stock exchange and begin trading cryptocurrency. This material has been written by a woman, it is doubly interesting because the readership of the magazine audience is 92% male.

Before reading this material, we recommend you familiarize yourself with the card "How to Choose kriptovalyutnuyu exchange" .

The word "Bitcoin" and "blokcheyn" I constantly come across in various articles, but first I seemed to be very expensive and confusing asset and an explanation of the second "Wikipedia" could not cope. The desire to understand has come together with a common wave cryptocurrency popularity. Then on the sites "not-for-geeks' were published articles with real experience trading cryptocurrency and vague prospects blokcheyna become transferred into the real world. More faith and desire to make the rapid growth of Bitcoin and Ethereum. I remember the day when the ETH first time touched the mark of $ 200. And it would not be so significant if the week before, I had not celebrated to the calendar event "Ethereum broke $ 100."

Trading on the foreign exchange market classic, I was fascinated for a long time. Initially I was just interesting to compare the arrangements, although the history of superprofits, too, did the trick. In this article I will talk about how to enter the market cryptocurrency. How to make money on it, I will not tell, because everything that I could make, I think just a happy coincidence: it is difficult not to make money, when the curve amount of the asset is going up. The most important thing to tell the time - "Enough!".

Step 1. LocalBitcoins.com

What I need:

• Sberbank card on which there is 5000 rubles;
• a computer connected to the Internet.

His first Bitcoins I bought online localbitcoins.net . Here you can buy or sell Bitcoins way you want - whether online or offline. Site immediately determine where you are, and offers suitable options. Since in the experiment we have checkered bags with money, just refer to "Buy Bitcoins online."

What you should pay attention to:

1. Restrictions - every seller writes the amount that is willing to sell you. If your amount is rather small (for example, 5,000 rubles), then select the best offers from that column.
2. Then you should pay attention to the rate of Bitcoin. Naturally, we are interested in the most favorable offer at the lower price.
3. Then we important method of payment. For me, it should be a map of the Savings Bank and the Moscow region, in order to avoid the commission.
4. Pay attention to the seller's description. How many transactions carried out, which he reviews. If the intuition that it is better with this person not to get involved - do not. But I have no problems with the purchase never occurred.

Selecting the seller took me about 5 minutes.

Until about five minutes we spent on the correspondence. I requested Sberbank card number to which you want to transfer money. The response message sent to me the number, initials and please do not write any comments in the translation. I transferred the money in a few minutes to get the message that I sent Bitcoins. And we wished good luck.

I click the Refresh button to see in the right corner of the site instead of the word "Wallet" in the amount of Bitcoins. That's so easy, I became the owner of cryptocurrency, which seemed to me once something incomprehensible, and only for a circle of the elect.

Just I want to warn you that I do not know how I described the operation is legal [absolutely legal - approx. ForkLog] . But the feeling "mama, ama criminal" do not leave me, every time you buy Bitcoins. Even warned me that the Savings Bank is not very fond of such transfers and can block the card. I still managed to avoid blocking.

What's next? You can store your Bitcoins and wait until the exchange rate will reach $ 5000 or $ 10,000, as some experts predict. And you can try to make money by speculating on the difference in altkoinov courses.

Step 2. Poloniex

Or simply "Polo". This is one of the most famous altkoinovyh exchanges, offering a huge amount of kriptovalyutnyh pairs. And she constantly flashes in all the reviews and in all forums. That's why I chose it. Immediately warn you that you will find 100 and 500 negative reviews on this exchange: long withdrawing money, the service desk is in no hurry to reply, etc. However, the exact same reviews I read about each exchange, which has been on my list of applicants...

It should be noted that the world has experienced kriptovalyutny experience whistles hacking hackers markets and falling prices of many assets from tens of dollars to a few cents. Therefore, read the stock exchange, which are going to trade. But still it does not guarantee that will protect you from the "Black Swan".

Now back to our 5000 rubles, converted into Bitcoin. They are stored in a purse LocalBitcoins and now we will translate them into Poloniex exchange.

1. Register online https://poloniex.com . Enter the name, surname, telephone number (optional) and your email. In addition, the need to create a password. Next, you need to pass on the resulting link in the email and log in by entering the email and create a password. Everything is now possible to trade. Attention! If you are going to withdraw more than $ 2000 per day, will have to undergo verification by attaching photos of your passport and on the background itself.
2. To convert Bitcoins from his wallet, you need to move the cursor to BALANCES, select DEPOSITS & WITHDRAWALS. In the long list to find Bitcoin - BTC. Then click on the word Deposit and see the code of 34 characters. Copy it. Go back to the site https://localbitcoins.net/ . Click on the Bitcoin logo in the header of the site and get to the page where you can send the crypt. Paste the copied to the 34 characters and write the amount you want to transfer.
3. Please note that the transfer surcharge, so my amount was already less than 5000 rubles.

1. If you did everything correctly, the Poloniex in the same section, you will see the treasured BALANCES amount opposite BTC letters.
2. And here is where the fun begins. You can exchange your Bitcoins on any of the proposed altkoinov. The goal - to guess / predict / know which one currency is waiting for growth. Insights I have taken out of chat, articles and study sites produced a coin, see graph. But I can not say that all the actions I'm doing consciously. In most cases, it's just emotions, or "is the name I've seen already 2 times, should look today."

Do not forget that for every transaction surcharge. When the minimum transfer amount of 0.15% is retained for sale, and 0.25% for purchasing coin. Calculate your break-even point, after which you can withdraw from the transaction if the currency rise.

That's how I decided to dispose of their Bitcoins: bought them a little ETH and LTC. Guys, I believe in you!

1. If you want to withdraw their Bitcoins back LocalBitcoins, you'll need to copy the address of the Bitcoin wallet on their website under "Get Bitcoin". On the opposite site Poloniex Bitcoin click on Withdraw, paste the address in the Address bar and the number in the Amount row. And wait. Sometimes you have to wait a long time.

In Poloniex have a mobile app. It is paid, it is worth 299 rubles in App Store. For its authorization, you will need to enter the API Key and Secret code from your account in a browser. But I prefer to work from a mobile site or a laptop.

eToro platform

From this platform, I met at the time of their active PR together with Sberbank. What they sell CFD-contracts on Bitcoin and Ethereum learned from the news ForkLog .

CFD-contract, short for "Contract For Difference", - a "Contract for Difference". Which means - instead of buying a "real" asset, in the hope that its price will rise (or drop), you invest in an increase (or decrease) rate of the asset.

To start trading on the eToro, will have to pass the verification, which involves sending a photo of the passport and proof of place of registration even a bank statement or a receipt for payment of utility bills. With this it was necessary to torment and even several times to write support.

The rest of the service interface is very simple and intuitive. After instant deposit with the Savings Bank cards can start trading. Withdrawals also are not forced to be fidgety. It came less than an hour.

A bit of reflection on the cryptocurrency

• What I am convinced of exactly - no one knows anything for sure. I read a great number of predictions about how much will it cost Bitcoin or Ethereum hour / day / year. But then comes a message that Vitalik Buterin gone, Satoshi Nakamoto found or something like that - and everything changes.
• In cryptocurrency need to invest only the money that you are willing to lose. This is a very hackneyed phrase, but believe me, it is very difficult to hold back, and do not throw firewood when you see how the currency runs up. And then difficult to keep from despair, when the same currency falls, or a week sitting in a sideways trend, fueling your irritation.
• I do not like things around which raised HYIP. They very quickly lose their popularity. Let us remember the hysteria around the Pokemon Go exactly one year ago. I am afraid that with the crypt in some way will be the same.
• I still do not understand why some projects collect a lot of money on the ICO. But, apparently, the old approach does not work in the evaluation of companies, and the new yet. People in this area are flocking from various professions and are trying to understand themselves in the system or even create a new one. Those who have experience of the ICO and out, have already held their own and ride on the Ferrari in Singapore.
• In the end, I would like to blokcheyn, decentralization and cryptocurrency change the world. When, say, a game currency will be contacted directly and formally through cryptocurrency with Fiat, it will be possible to ride on a tank, make a game of silver, sell on the stock exchange and buy a Mercedes. Anything can happen.