Post
Topic
Board Trading Discussion
Re: Starting trade with small amount
by
ValerKat
on 24/03/2018, 10:31:54 UTC
How to start a trade with small amount?
I am not a millionaire.I have jaust some money.I want to trade with my small amount.can I do this?Then how?

Of course you can. Just remember:
1) Bitcoin has very big fees. In October 2017 my neighbor bought BTC in exchange market and payed almost 30$ for his transaction and than he payed almost 30$ more for another transaction: to put his BTC into his wallet. So if you have only 200$ - it is rather bad idea to pay 60$ on these huge fees.
Now fees for BTC transactions are a bit lower but still in comparison with alts they are very high.

2) Cheap coins have low fees. For instance, Dogecoin: it has very low fees; it is very cheap and rather popular. However, I afraid a lot that during all this decreases of BTC dogs can fall to 0$. Maybe it's better to find some other popular cheap coin from the first list on the exchange market.

3) Don't buy ripple! It's shit coin.