@quickfingersluk I'm convinced to come into criptos, I've Been day trading penny stocks from time to time, with some success, nothing explosive but mostly greenish, only parabolic set ups , after seeing your videos I'm amazed on the simplicity of your trading.
However it is amazing and you made me realize that I'm getting late to jump here I'm opening accounts on every exchange that a-pears on your videos, I have no idea about cryptos but I'm researching, if I were to fund one to start building my account and test the waters which one will you recommend , I'm planing to open one per month. Thank you!
My favorite is Bittrex, mainly because there panic dives on BTC and ETH usually go lower than many other exchanges, yet they are very liquid.. Kraken is the safest exchange in my opinion, and works with Fiat (usd) instead of tether (usdt) which is getting some bad rumors lately of legal troubles.. Hitbtc uses Fiat also, but i constantly have issues with there platform freezing up.. Poloniex is another big one, but they have had issues lately, entire site going down and I have moved all my money out, while they resolve out there issues. Cryptopia and Liqui are pretty small, and most of there coins have thin books..
@quickfingersluc Tx, I just opened a Bittrex account but I'm from Europe.. so I'll have to buy usdt first with my eur before I will be able to start trading?
Would it be better for me to open a Kraken account and work there directly with fiat (eur?)?
Thanks for all your effort man!
Bittrex and HitBTC have much much more opportunity if you have a small account.. but Kraken is safer if you are going to start with a big account (no USDT risk).. So i don't know, depends what your plan is..
@quickfingersluc, I want to start trading crypto and experimenting with your strategy with a few EUR100.
Not having to buy coins immediately before I can trade on Bittrex seems the easiest, but I don't trust Kraken that much... Any recommendations?
I'm also from Europe and using both Bittrex and Kraken. You could buy coins with fiat on Kraken and move them to Bittrex either directly or first to your own wallet and then to Bittrex. Directly moving between exchanges seems not advisable, not sure why. I moved some small amounts of bitcoin from Poloniex and Hitbtc to Bittrex directly, takes a couple of minutes (maybe 15 max). You should know that every transaction always has a (small) fee. You can find your exchange wallet address in your account at the exchange or create one, mostly found under an option called something like 'Fund'.
Also found this article https://steemit.com/bitcoin/@kingscrown/guide-the-fastest-way-to-move-bitcoin-between-exchanges Haven't tried that but could work and be faster. But always have a good look at the current value of BTC/LTC in this case and if it is not jumping around a lot at the time you want to transfer.
Thanks @ludocoinz ! Do you also trade directly on Kraken? I read a lot about problems with errors and lost coins at the platform..
And would you trade at kraken with eur (or usd?) or buy usdt - move them to bittrex and trade there?
I have eur at Kraken, one of the reasons I chose Kraken so I can deposit and withdraw eur. Haven't got any usd(t) and also didn't move anything from kraken to bittrex. only from poloniex and hitbtc to bittrex. Two exchanges is enough I figured and Bittrex has a lot of coins.
I do use coinigy to trade because of the very good interface and it's the same for any exchange. Connection with the Kraken API is not 100%. Seems to be a problem at the Kraken side because I did some scripting against their API and their I get several timeouts per day. Haven't lost any coins, but sometimes tried to cancel a buy or sell and that timed out. That could cost you a trade..
Coinigy to Bittrex is very stable and fast. Another reason to conclude that it is the Kraken API that has issues. I am on a paid subscription for Coinigy.
Do remember though that Coinigy is always a little behind the real data. So you might want to have your exchange logged in as well if it were only to get near realtime updates. But I prefer to use the Coinigy UI.
I think Hitbtc's fiat is in tether (USDT)...shows up in Coinigy as USD but I think that's incorrect.