Step 1: Buy Crypto
There are two the most secure platforms to buy cryptocurrencies for your local fiat currency, both of them offer trading options as well. We usually use Binance , but in fact, all of these two exchanges are the best options for buying crypto. Choose the one which suits you best!
Binance
It’s fair to say that Binance is the #1 crypto exchange (2020) according to the opinion of the whole crypto community. There you are able to buy up to 20 different crypto assets including Bitcoin.Purchasing methods are quite different: Credit or Debit card (MasterCard/Visa), Bank Transfer, Advcash, Payeer, Epay and many more.
CoinBase
The biggest crypto exchange according to amount of registered users. The company is based in the US, so KYC is required from the very beginning. There you can easily buy a number of major crypto assets using Credit or Debit card (MasterCard/Visa) or Bank Transfer.
Step 2: Pick up Exchange
Analysis of the main crypto exchanges. We prefer working with Bybit to trade Bitcoin and with Binance to trade altcoins.
Step 3: Find Community
It is always good to broaden your mind with external pieces of knowledge and other people’s opinion, especially in trading. We have gathered some public sources that share their point of view about the current state of market, important news and educational content.
- Daily market updates
- News review
- Educational materials
- Works with altcoins
- Investment recommendations
- Fully transparent
- Important statistics review
- Daily market updates
- News review
- Educational materials
- Fully transparent
- Important statistics review
- Investment recommendations
- Daily market updates
- News review
- Works with altcoin
- Fully transparent
- Important statistics review
- Investment recommendations
- News review
- Educational materials
- Works with altcoins
- Important statistics review
Step 4: Useful services
There are several services which are included in a use case of every crypto trader. We chose the three most important ones that can assist you in significantly improving the quality of your work.
CoinMarketCap
This platform is very useful for understanding the market. There you will find detailed information about all existing crypto currencies and exchanges.
Official WebsiteTradingView
The best website for making graphs and following the price action. The platform offers a full set of tools that help analyzing currencies.
Official WebsiteCoinMarketCal
This website accumulates information about all scheduled events for every cryptocurrency. It is quite helpful, because very often such events lead to a significant growth of the price.
Official WebsiteStep 5: Automate your work
There are many people who want to work with the crypto industry and earn from trading, but don’t have enough time to do so. If you are one of these people, the crypto sphere have a bunch of offers for you.
The best of them are shown below.
Etoro
Undoubtedly, the best option as it works directly with fiat money. This platform was created for people who want to earn on crypto, not to purchase one or hold. The main feature of this platform is trust management - you give your money to a professional trader, who uses it in his work. There traders can work only with Bitcoin options (which are valid only on Etoro), not Bitcoin itself. The onlyone downside is a difficult and long KYC.
Official WebsiteCovesting
This option was created for people who want to get away from fiat money and work only with crypto . There you can use the trust management function as well. The main difference from Etoro is that you can only deposit crypto currencies to this exchange. Also, Covesting has more crypto assets for trading.
Official WebsiteCornix
Did you find a Crypto Telegram Channel which you can trust and want to work with it? The best solution in this situation is a Cornix bot. This company offers the easiest way to automatically follow trading recommendations of traders in Telegram. There are only two things you need to do to start working with Cornix - pay a fee for auto following functions and connect the API of your exchange to the bot.
Official WebsiteKlondike PRO+
Daily Market Analysis
Receive a detailed market review as well as our thoughts about potential price movements on a daily basis.
Risk management
Learn how to build a perfect setup for your trade: where to place stop loss, what percentage from deposit to invest etc
Technical Analysis Education
A large pack of materials which tells you not only about technical analysis basics, but about exclusive strategies which will help you to actually earn on trading.
Professional Tools
Get tons of bots and useful services which provide an extremely important data for making profitable trades.
Regular Live Trades
Receive an instant information about trades our analysts open and follow them on a fully automated basis.
Trading Psychology Materials
One of the most important things for a good trader is ming-control. Learn how to control your emotions at crucial moments.