Post
Topic
Board Trading Discussion
Re: Bitcoin Trading from Scratch
by
suzanne5223
on 09/03/2021, 13:42:30 UTC
The first thing you need to get started trading bitcoin is to open a bitcoin wallet. Bitcoin traders are actively seeking the best possible solutions for trading and investing in bitcoin.

Nah that's not it, it should be the exchange, maybe before personal wallets would had been the idea recommendation since we all advocate for been in control of your keys but with the high fees this days it won't be idea since you could spend almost all your profit just for fees if you're moving coins from personal wallet to exchange each time you want to sell.

The high fees aren't affecting just bitcoin but coins on ethereum blockchain are also in the same shit. With that in mind, selecting the best exchange with very good good reputation that you can keep your trading funds in would be the idea first step.

You should know though this fund should be strictly for trading and they should be funds you'll comfortable if the worst case scenario would happen.
You make a good point but I believe the first thing anyone should first do when want to trade Bitcoin successfully from scratch is to first understand the fundamental aspect of trading in order to be aware of what she will face in the future.
Having said that, judging by the size of mempool Bitcoin transaction fees are down this day.