Post
Topic
Board Trading Discussion
Re: How does everyone trade?
by
eagle10
on 28/08/2017, 04:57:05 UTC
To start,


1. Where do you buy your bitcoin from
2. What exchanges do you use
3. When you buy alt coins and profit, do you convert back to btc? Because what if your profit from alt coins and convert it to bitcoins but bitcoins is low, doesn't that defeat your alt coin profit?
4. Do you convert from bitcoin to usd to withdraw? If so where do you withdraw and which method do you use.


Oh and this sounds like fees over fees.
First you buy bitcoins for fee. Then transfer them to a exchange for a fee. Then trading on that exchange is a fee. Then transferring it another place to withdraw, then the actual withdraw fee.

1. I buy bitcoin from local exchanges, you can buy too from yours or try the localbitcoins.com then transfer them to my own wallet or straight to my exchanges I use:
2. What are they? Bittrex, c-cex, poloniex.
3. I trade in the BTC market. So i guess, no need to convert already.
4. No conversion to US$ to withdraw. I just use my bitcoin wallet and my local exchanges to convert. Or you can send the withdrawn money straight to your local exchange. This is more safe than withdrawing with fiat money. why? some altcoin exchanges do'nt allow fiat withdrawing and you find your money  stuck in their system long time before they act on your support ticket.