Hello, everyone.
I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.
Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.
No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?
So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.
I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?
Thank you.
The exchanges you mentioned aren't bad for trading, and their well known.
Poloniex is another one I use for trading and it isn't bad, the only thing is that it automatically logs you out after 5 mins or so and I never got around to changing that (not even sure if its possible). Day trading in the way you described sounds possible but if I were you I'd consider some other alts beside ETH simply because their volatility is greater so from within a day you can find several entry/exit points.