Making Your First Trade

This guide assumes:

  1. You have bitcoin
  2. You have an account with an exchange (Bittrex and Binance are used in this example)
  3. You're ready to pickup your lambo at the moon dealership

Sending your Bitcoin to your exchange wallet

Now that you have Bitcoins, if their still sitting in your wallet (such as the one Coinbase provides you with), you'll need to get your exchange wallet ID and transfer your Bitcoins. Note that it may take some time for your Bitcoin to confirm in your new wallet. Until it's confirmed, you'll be unable to access the Bitcoin. (around an hour wait)

Using Bittrex:

  1. Login to your Bittrex account
  2. Click "Wallets" in the top right corner
  3. Find "BTC" and click the + symbol next to it
  4. Click the "new address" button 
  5. Send BTC to the wallet using the ID or by scanning the QR code from your wallet software

Using Binance:

  1. Login to your Binance account
  2. Under "Funds" click "Deposits Withdrawls"
  3. Find Bitcoin, and click the "Deposits" button
  4. Send BTC to the wallet using the ID or by scanning the QR code from your wallet software

Making a trade with Bittrex

Now that you have some Bitcoin in your Bittrex wallet, you can make your first trade. 

    1. Navigate to the Bittrex home page; these are a list of all the btc pairs you can trade. Let's choose btc-eth (Bitcoin/Ethereum trading)
      btc-eth trade pair

    2. Using the chart on the right, we can see the current Ethereum price in Bitcoin, and how much volume is currently trading in Ethereum.

    3. Next, lets look at the trade box. This is where we will set how much eth we'd like to buy (clicking the max button will buy the max amount of eth you can with your btc)
      Price is where you set how much btc you're willing to pay for each eth. Clicking the Last, Bid, or Ask button will auto set the price to one of these values for you.
      Verify the total price and click the "Buy Ethereum button

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

That's it! You'll see your order appear under "open orders" and when the order is complete, you can find the details in the order history. When you're ready to sell for btc (hopefully more than you paid) you follow the same process using the "Sell Ethereum" box instead.

Making a trade with Binance

The process for trading on Binance is very similar to that of Bittrex.

  1. Login to your Binance account
  2. Click the "exchange" link in the top left corner. You can also click the "pro" link next to exchange for a different interface. (Get used to pro... this chart is great)
  3. Choose your btc trading pair of choice, and use the corresponding "buy" box. There are quick buttons for quickly trading 25%, 50%, 75%, or 100% of your bitcoin.

That's it! It really is that simple.

Low barrier of entry = lots of sheep

Because it's so EASY to start trading crypto (in comparison to the stock market for example), there are many people trading with no idea what they're doing. Many people are gambling, guessing, and testing the waters. What this means for you, is with the right strategy, you can capitalize on this for some crazy profits. Subscribe to our mailing list to be among the first notified when our crypto trading course goes live, so you can learn the exact methods to capitalizing on this modern-day gold rush.


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