Intro to Cryptocurrency, S.R. McKenzie [easy novels to read .TXT] 📗
- Author: S.R. McKenzie
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Intro to Basic Cryptocurrency Trading ~ US & Canada ~
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Intro to Basic Cryptocurrency trading
In this training guide, you will learn step-by-step how to:
Become registered on several cryptocurrency trading platforms, and an US & Canadian Exchange (used for purchases and sells)
Purchase Bitcoin and many other Cryptocurrencies coins.
Trade Cryptocurrencies coins from one type of coin to another coin.
And most importantly: Sell Cryptocurrencies coins, and get the proceeds deposited to your bank account.
Real-time account balances of your coin wallets.
6. My primary Portfolio Coin picks
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What you need to know before reading this guide.
First off, I don't manage anyone else's Crptocurreny, and you should manage your own. Cryptocurrency is impossible to recover if stolen, due to it's decentralized nature.
Any investments made in cryptocurrency should only be a part of your overall investment strategy. Cryptocurrency has incredible potential, but it can fluctuate drastically.
This guide is not for the purpose of suggesting specific cryptocurrencies or exchanges. But only provides a guide in where to get started.
I am going to be completely transparent in this guide about. I have made an incredible return on my personal investments in cryptocurrency, and I am NO rocket
surgeon. 3
My Story
I started looking at Bitcoin in the summer, 2015, and did a
lot of research into it.
My background is in Computer Science, I.T. technology,
so I understand software technology very well.
I also worked for several years as a Financial Advisor, and hold a mutual fund licence, so I am very experienced in the investment area.
Needless to say, I dissected everything I could learn about the whole idea of Crytpocurrency.
Being that cryptocurrency was very new, I decided to NOT buy in. That summer Bitcoin was worth just below $300 each.
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My Story
I started looking at cryptocurrency again in the summer of 2016, and decided to start buying into it.
But first I had to find a process of buying, and trading. But most importantly, I wanted to make sure that IF I put any money into it, that I had a process of sell it, and getting it back into my bank account!
Being that cryptocurrency is not regulated by any
governing body, and usually stored in other countries, I did my homework to make sure I wouldn't lose my investments.
That summer Bitcoin was worth just under $600 each. As I am writing this, Bitcoin is worth just under $5500 each! 5
Websites
So after many months of trying many different exchange platforms, I found a system that has worked for me, and can work for you too.
The websites this guide will be covering:
www.bitfinex.com ~ US Based Advanced Exchange Platform
www.coinbase.com ~ USA Based Purchase and Sell Platform
www.canadianbitcoin.com ~ Canadian Based Purchase and Sell Platform
www.gravytrain.online ~ App Platform for Real-Time
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Coin Wallet Balances
Websites
So after many months of trying many different exchange platforms, I found a system that has worked for me, and can work for you too.
The websites this guide will be covering:
www.bitfinex.com ~ US Based Advanced Exchange Platform
www.coinbase.com ~ USA Based Purchase and Sell Platform
www.canadianbitcoin.com ~ Canadian Based Purchase and Sell Platform
www.gravytrain.online ~ App Platform for Real-Time
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Coin Wallet Balances
Cryptocurrency Guide for U.S.
Clients :)
You must have a U.S. bank account for the following guide.
Step 1: Open an account,
and get verified on: www.coinbase.com
This platform will handle all initial purchases, and withdraws to your bank account.
For Canadian clients, please click here to go to the Canadian guide8
Step 2
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Step 3: Enter your info address
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Step 4: Go to your email, and click on link from no-reply@coinbase.com, similar to below:
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Step 5
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Welcome to your first day trading, buying and selling cryptocurrency :)
Step 1: Open an
account, and get verified on the following US Advanced based trading platform.
Go to:www.bitfinex.com
This platform is where you will do all your deposits, trades, and will store all coins.
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Step 2: Click 'Sign Up'
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Step 3: Create a username, password, and enter your email address.
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Step 4: Go to your email, no-reply@bitfinex.com,
and click on link from similar to below:
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To make a purchase Part 1: Go to:
www.coinbase.com and login.
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To make a purchase Part 2:
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To make a purchase Part 3:
Credit card is the primary source of funding for all purchases on www.coinbase.com
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To make a purchase Part 4:
You will have to verify your Credit card, just follow the steps.
You can also get
support at:
www.support.coinbase.com
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To make a purchase Part 5:
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To make a purchase Part 6:
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To make a purchase 7:
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How to Trade coins: Part 1
First you have to trade coins from www.coinbase.com to www.bitfinex.com
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How to Trade coins Part 2
You have to generate wallet IDs for every coin you want to trade.
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How to Trade coins Part 3
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How to Trade coins Part 4
After your purchased coins arrive from www.coinbase.com , then you are ready to trade for other coins
All trades in this guide, will be from Coin(s) to US funds, then to Coin(s).
Go to www.bitfinex.com, and log in.
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How to Trade coins Part 5
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How to Trade coins Part 6
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How to Trade coins Part 7
Great, now you have US funds to purchase Coins with.
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How to Trade coins Part 8
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How to Trade coins Part 9
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How to sell coins Part 1
So you have made some profit, congratulations :) Go to www.bitfinex.com, login in, and do the following:
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How to sell coins Part 2
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How to sell coins Part 3
Go to www.coinbase.com and get your Wallet address.
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How to sell coins Part 4
Go back to www.bitfinex.com, and do the following:
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How to sell coins Part 5
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How to sell coins Part 6
Check your email for a confirmation link, and follow the steps to confirm this transaction.
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How to sell coins Part 7
Once the Coins are in you Wallet on www.coinbase.com, login and go to 'Buy/Sell' and click on 'Sell'.
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How to sell coins Part 8
Just follow the prompts to make a sale, and funds will be deposited to your account.
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How to keep track of your coins from your phone.
Step 1: Go to the Playstore, and search for 'Gravytrain'
This app keeps track of your coins, so you can check up to the minute balances.
This app doesn't actually store an personal information, coin addresses, etc...
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Cryptocurrency Guide for Canadian Clients :)
You must have a Canadian bank account for the following guide.
Step 1: Open an account, and get verified on:
www.canadianbitcoins.com
This platform will handle all initial purchases, and withdraws to your bank account.
Step 2: Click 'Sign Up'
Step 3: Enter your email address
Step 4: Go to your email, and click on link from info@canadianbitcoins.com, similar to below:
Step 5: Create a unique password.
Step 6: Click on 'Account Verification'
Step 7: Enter either your home phone or cell phone number to get a verification code.
Step 8: Follow all the registration steps closely. Feel
free to ask support@canadianbitcoin.com for any
verification questions.
This process can take a few days, so in the mean
time, go to the next slide.
Welcome to your first day trading, buying and selling cryptocurrency :)
Step 1: Open an
account, and get verified on the following US Advanced based trading platform.
Go to:www.bitfinex.com
This platform is where you will do all your deposits, trades, and will store all coins.
Step 2: Click 'Sign Up'
Step 3: Create a username, password, and enter your email address.
Step 4: Go to your email, and click on link from no-reply@bitfinex.com, similar to below:
Great, you are now signed up, what now?
To make a purchase Part 1: Go to:
www.canadianbitcoin.com
To make a purchase Part 2: Go to:
www.bitfinex.com
To make a purchase Part 3:
To make a purchase Step #4
How to Trade coins Part 1
You have to generate wallet IDs for every coin you want to trade.
How to Trade coins Part 2
All trades in this guide, will be from Coin(s) to US funds, then to Coin(s).
Go to www.bitfinex.com and log in.
How to Trade coins Part 3
How to Trade coins Part 4
Great, now you have US funds to purchase Coins with.
How to Trade coins Part 5
How to Trade coins Part 6
How to sell coins Part 1
So you have made some profit, congratulations :) Go to www.bitfinex.com, login in, and do the following:
How to sell coins Part 2
How to sell coins Part 3
Go to www.canadianbitcoin.com, login in, and do the following:
How to sell coins Part 4
How to sell coins Part 5
How to sell coins Part 6
How to sell coins Part 7
How to sell coins Part 8
Go back to www.bitfinex.com, and do the following:
How to sell coins Part 9
How to sell coins Part 10
Go back to www.canadianbitcoin.com, and do the following:
How to sell coins Part 11
Go back to www.bitfinex.com, and do the following Also check your email for a confirmation link, and follow the steps to confirm this transaction.
Now you are a Cryptocurrency trader :)
This is my overall investment advise, and it not specific to Crytpocoins.
Spread your investments into many funds. Unlike mutual funds, Cryptocoins do not have a risk tolerance attached to it, historic rate of return, and have oversight.
So you do your homework, and I'd suggest investing in 'Blue Chip' type Coins, like Bitcoin, and in 'Penny Stocks', like Omisego. See my Primary Picks.
Keep track of your investments, see my slide in regards to 'GravyChain' to see how easy it is from your phone.
Crytpocoins are long term investments, so buy, hold, repeat. If you want short term investments, you should look at traditional investments.
Join my Facebook group. You can join in weekly conversations about what's trending. Get my monthly picks, and see how my previous picks are preforming,
You can also share in success stories. The best part of being part of this, is
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seeing amazing things people are doing to change their lives with Cryptocoins.
My primary Portfolio Coin picks
These are the 'blue chip' & 'B class' coins that I'd suggest holding in your portfolio. Other Cryptocoin experts will disagree, but this what I invested in, and continue to do so. Plus it's only 10 Coins to start.
*This is not financial advice, and all investments at your own risk.
1. Bitcoin 28.55% of your portfolio or approx. 0.05 Coins
2. Ethereum 21.53% of your portfolio or approx 0.50 Coins
3. OmiseGO 16.76% of your portfolio or approx 12 Coins
4. Litecoin 10.82% of your portfolio or approx 1.1 Coin
5. Ethereum Classic 5.99% of your portfolio or approx 2.5 Coins
6. Dash 4.39% of your portfolio or approx 0.01 Coin
7. Pay Tenx 4.41% of your portfolio or approx 10 Coins
8. EOS 3.82% of your portfolio or approx 25 Coins
9. Waves 3.22% of your portfolio or approx 5 coins
●10. Ripple 1.4% of your portfolio or approx 50 Coins
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Disclaimer
This guide is simply that, a guide to help you get started investing in Cryptocurrency.
This is not financial advice, and all financial decisions are at your own risk.
I do not represent Coinbase, Bittrex, Bitfinex or CanadianBitcoin.
My ‘primary Portfolio Coin picks’ are just my suggested coins to get started with, nothing more.
Past investment returns do NOT predict future investment returns on
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