Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.
What is the best site for this in the UK?
I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.
I want to say don't use exchanges because of Binance that shocked many yesterday( I wasn't because I knew that's what they do behind the scenes) but we have decentralized exchanges but you have to be prepared with some challenges ahead like price slippage and running off bots, liquidity crisis but if the tokens you are talking about are popular by demand, liquidity will not be something to worry about. Ina addition, using a decentralized exchange free you of whether you are from UK or you are from Canada because KYC is not important. Some examples are uniswap, pancakeswap, Thorswap and Quickswap.
Try and consider the chain fees because the cost of trading on ethereum Dexes are might suck all your $200 in a day if you are.a regular trader. You can use pancakeswap for all you want because I believe they have all the coins you want and then later, you can bridge all you have on another chain of your choice and that will be save you from fees but be careful of the type bridge you use.