Introduction Investment/Trading Broker: USD>Bitcoin using Coinbase Exchange: Bitcoin>Altcoins using Binance Other exchanges and brokers Research Advice Finish

1. Introduction

2. Investment/trading

2.1 Broker USD > Bitcoin - Coinbase

2.2 Exchange Bitcoin > altcoins - Binance

pair of coins BAT/BTC;

last price - 0.00005273 BTC and the approximate equivalent in dollars 0.60$ (to buy 1 coin of BAT you need to pay on average ~ 0.00005273 BTC or in short 1BAT = 0.00005273BTC);

difference +/- compared to the price 24 hours ago (-2.71% or decreased with 0.00000147 BTC);

24h High and 24h Low are the maximum and minimum prices in the last 24 hours;

24h Volume is the total volume of traded BAT coins; in the last 24 hours, BAT coins were traded in a total of 362.92 BTC (bitcoins).

In the upper half are displayed buying orders. Thus, at the best price, with red, there are 1242 BAT coins to buy at the price of 0.00005288 BTC per BAT coin and so on;

In the lower half, the sales orders are displayed. Thus, at the best price, with green, there are 2583 BAT coins for sale at the price of 0.00005273 BTC per BAT coin and so on.

2.2 Other exchanges and brokers

3. Research

Official website of the coin;

Twitter - one of my main sources of information when researching a coin. For example, when searching for a coin, use the $ followed by the coin shortcut - $XRP (link). An alternate interface for twitter is tweetdeck (link), in which it is much easier to track multiple columns;

Bitcointalk - the main site in this field of crypto currencies. The site was created by Satoshi Nakamoto himself, and absolutely all coins are first announced here. If they do not appear here, then it's a very big question mark. There are even posts with thousands of discussion pages (eg announcing the launch of Bancor - link);

CoinMarketCap - the oldest site that centralizes all currencies and their price over time. t is one of the most visited sites globally (alternatives - CryptoCompare, Coincap.io or WorldCoinIndex);

Reddit - a kind of forum where various news, events, issues, etc. are announced. Each virtual currency has its subbreddit, which is dedicated only to that currency (eg for the IOTA currency exists r/IOTA - link);

Telegram, discord or slack - these are chat apps. Most coins have official accounts, but there are also many other channels of discussion made by fans. There are many telegram groups (search google) that immediately announce the latest news in the market, and if you move very fast and buy until the news get to the rest of the world, you can make a big profit. I do not recommend this because fake news can (will) be promoted. I also have a discussion group that I moderate and where everyone is invited, including beginners - link discord channel;

Coinmonsta - post the latest global news, news from Reddit, price charts, etc. in real time for many virtual coins. Very good for those who want to be up to date with the latest news;

Coinmarketcal - a site where almost all the events that are going to happen for all coins are shared like in a calendar (alternatives CoinCalendar or Coindar);

Video reviews on Youtube;

Crypto currencies news on Steemit website;

Google - maybe a little higher with a bigger priority, maybe even first.

using a portfolio application. I personally use CoinTracking to retrieve different reports, track earnings, money and coins invested, etc. For my smartphone, I use a very simple app, Blockfolio, that just shows the number of coins and their value (plus graphics and small stuff) (alternative - Delta);

using a specialized price chart site. Although it may be enough for some the charts from CoinMarketCap, one of the best sites is TradingView.

mining - sharing computer resources with the network to support the project is rewarded with a certain number of coins (very briefly definition);

investing;

trading (long-term, mid-term or even day trading);

short - betting on the fact that a coin will decrease in value instead of increasing (for professionals only, I recommend the site BitMEX);

arbitrage - in an unregulated and highly fragmented market like the one of virtual coins, there are always differences between the price of a currency between different exchanges; if there are big differences and certain conditions are met you can buy a coin from one place and sell it more expensive on another exchange;

ICO - buying new coins at the beginning of a project for a lot cheaper (theoretical) price;

PoS and Masternode coins - there are some crypto currencies that offer a guaranteed number of coins for free if you keep coins in your wallet;

airdrops - distribution of free coins;

bounty - promoting or publishing articles about a particular project can be rewarded with coins.

4. Advice

Be very careful of scams. Like everything on the internet, crypto is full of scams. Trust NO ONE. Don't trust someone who wants to help you store your coins, move or exchange them. Check multiple times the website you visit and its address, just one different letter and you can visit a cloned website where you just give directly to hackers your credentials. Never invest in projects that seems suspicious, all lending platforms or financial networking projects are ponzi schemes;

Use a different email address with a complex and secure password. Ideal it would be to use multiple email addresses for every crypto related website, complex and different passwords and for big amounts of money different phone numbers. Install Google Authenticator app (or Authy, a better alternative) and enable 2 factor authentication every time it's available (every time follow all the steps carefully). If possible use a very safe computer (with no cracked programs installed), a virtual machine, isolated browsers, VPN, etc. (a great article here);

Use of bitcoin network, of the blockchain, for doing a transaction from broker to exchange is not free. In fact there's a really big fee involved (complex graphs and how to understand them), which was even 50$ or more. For small transactions this matters a lot (there are technologies in development that will resolve this problem in the future). That's why you can buy Litecoin ($LTC) from the broker and then send them to a Litecoin address on the exchange and from there trade them for bitcoins (comparison between fees). This is a somehow more complex case that won't be explained here - beginners can ignore this and use only bitcoin;

ALWAYS double check the address that you write/copy. Send virtual coins only between addresses of the same coin (bitcoin to bitcoin, litecoin to litecoin, ethereum to ethereum, etc). A simple mistake and you lose your coins forever!

For small amounts, this guide is sufficient. If you have large and important amount of money in exchange, it is good to know that many exchanges have been broken by hackers. And then you should find a safer wallet (articles - link1, link2, link3). For more questions, use the comments section at the end of this guide or look for counseling from an expert;

Brokers do not always have the best rates, but they are much better than a instant terminal or ATM or localbitcoins (or Paxful). The risk of buying bitcoins directly from other users is that authorities can track the history of transactions and they might be used in the past for illegal operations. The best option I consider to be Coinbase > Binance;

The use of virtual coins for investments or transactions are two different concepts. I invest in projects with high potential in the near future (5-10 years), virtual coins that have use-case scenarios or I trade coins daily or weekly for speculative purposes;

There are experienced investors and traders who find patterns in crypto coins price graphs and can approximate a certain value in the future. This method is called technical analysis (excellent articles here and a complete free course here);

Always have a backup plan plus an investment/transaction and risk management. Never use more money than you are willing to consider the total loss of investment acceptable. Do not use money you really need (rent, food, borrowed, etc.). This is a very high risk market;

Avoid pump-and-dump groups (just believe me, ignore them entirely). Do not buy being driven by emotions (when the price of a coin has grown so much that you have lost the right moment and then you quickly buy some, or when a coin decreases a lot to scare you and sell everything to recover a part of investment - usually these are very bad transactions; this is called FOMO - fear of missing out). Do not have blind faith in anyone, not even what I wrote (I'm no guru, no one is). Always check and draw a conclusion yourself (DYOR - do your own research);

You will never buy exactly at the minimum and you will never sell at the maximum, try to be as close as possible to these limits (buy low, sell high). There will also be losses, there will be winnings, it is important that at the end, when you draw the line, to have a positive balance;

Cryptocurrencies exchanges are opened 24/7!