8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.

Crypto trading reddit


To trade cryptocurrency without fees or commissions, follow these simple steps:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Bitcoin cash
  • Stellar lumens
  • Dash
  • Cardano
  • NEO
  • Ethereum classic
  • Basic attention token
  • ZRX
  • EOS
  • Amplify loyalty token (AMPX)


Top forex bonus list


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


8 best exchanges to trade crypto with no fees (zero commission)


Best no-fee exchange for



Best no-fee exchange for



Best no-fee exchange for



Did you know the most popular cryptocurrency trading platforms in the world such as coinbase, binance and etoro take a small amount of your account balance each time you make a trade?


This is where zero-fee fee crypto exchanges can allow traders to buy, trade and sell bitcoin and cryptocurrencies assets without paying any fees. For active investors, it could be the difference between a profitable and losing trader in the long run. In this article, we will share the best places to trade cryptocurrency without fees.


How to trade cryptocurrency without fees


To trade cryptocurrency without fees or commissions, follow these simple steps:



  1. Register a new account with phemex that offers no-fee crypto trading

  2. Click the 'products' link and select 'spot trading (zero fees)'

  3. Search for bitcoin or another cryptocurrency you want to buy, trade or sell

  4. Enter the amount of crypto to buy or sell against another coin

  5. Click on the 'buy' or 'sell' button to complete the trade without fees



Before getting started, some exchanges require you to own a bitcoin hardware wallet such as the ledger nano X. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets.


Platforms to trade bitcoin with no fees


Here is our list of the best crypto exchanges to trade bitcoin without fees (with our commentary):



  1. Phemex (lightning-fast trade execution speed and features a demo trading account)

  2. Crypto.Com (global digital asset service that offers a wide range of products)

  3. Kucoin (trusted by 1 out of every 4 crypto holders in the world)

  4. Digitex (suitable for crypto day traders, uses native exchange token as collateral)

  5. Amplify (trade over 14 crypto pairs against fiat, BTC, ETH or native token)

  6. Shapeshift (instantly swap crypto with zero fees and commissions)

  7. BLADE (exchange is backed by coinbase and other world-class and trusted investors)

  8. Lykke (an innovative digital exchange that offers forex, crypto and crypto index trading)



Overall rating


Our review


Website





8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.





Phemex


Phemex is a cryptocurrency trading exchange that offers spot, derivatives and simulated trading all on a single unified platform. The trading platform offers it's premium users the ability to trade crypto with zero-fees on its spot exchange for the major cryptocurrency assets such as bitcoin, ethereum, XRP and link.


Founded in 2019 by a group of 8 former morgan stanley executives, the team is focused on creating a trustworthy digital platform and become a leading financial services provider in the cryptocurrency industry. Phemex supports traders all over the world such as the united states, australia and the UK.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Phemex exchange is packed with features such as:



  • Trade crypto without fees on its spot-trading exchange (for premium users)

  • Derivatives trading up to 100x leverage with BTC & USD contract settlement

  • Competitive trading fees on margin trading platform

  • Advanced order types to manage risk

  • Cryptocurrency demo account for beginners to practise

  • 300k transactions per second (TPS)

  • Cold wallet storage to keep funds safe on the exchange

  • Fast and responsive mobile trading app

  • Traditional financial assets (coming soon)



Users that create an account with phemex receive free access to the premium membership for 7 days. This can be extended to 30 days by referring a friend to the exchange. Once the trial ends, users on the exchange will need to purchase the premium membership which starts at $0.19USD per day to continue to trade bitcoin with zero fees.


While it might seem add to pay a subscription for no fee crypto trading, for high volume investors and crypto day traders, this is a very small price to pay to buy, trade and sell crypto without paying fees or commissions.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Crypto.Com


Crypto.Com is a digital asset platform that offers several cryptocurrency products and services. The exchange has seen massive growth in recent years and has over 1 million users on its platform and is a supported cryptocurrency exchange in the US. Crypto.Com is a popular platform that offers a powerful alternative to traditional financial services, making it easier for everyone to buy, trade and sell cryptocurrencies.


Get $50 FREE when you download the app and stake CRO for a MCO visa card using our referral code 45h3ct59tv. Get your debit card now!


With its growing list of features and crypto services, we expect crypto.Com to be one of the best cryptocurrency companies in the world within the next few years to rival the likes of binance and coinbase.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Crypto.Com is continually innovating and developing new crypto services and products for its users to accelerate the adoption of blockchain technology and improving the user experience of using cryptocurrencies. The exchange offers the following limited-time promotional offers:



  • 0% trading fee for the first 90 days for new users

  • Up to 50% trading fee reduction on all trades for existing users of the exchange

  • 2% bonus deposit interest rate for all deposits made by new users in the first 30 days

  • Send crypto to crypto.Com app users instantly without fees

  • Buy bitcoin with 0% credit card fees



8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


The digital currency provider offers a suite of crypto services and features at your fingertips which let's you buy, sell, trade, spend, store, earn interest on crypto, loan cash and even pay bills with cryptocurrency. Crypto.Com have also announced the future launch of margin and derivatives trading to compete with bybit and FTX.


Kucoin


Kucoin is a cryptocurrency exchange that was built to cater to individuals around the globe by providing an easy to use platform for investors to exchange digital assets and cryptocurrencies. Established in late 2017, kucoin is one of the most popular crypto trading exchanges in the world with over 5 million users globally.


PROMOTION: we have partnered with kucoin to offer a special promotion of zero-trading fees for 7 days when you create a new account using our link below.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Kucoin offers innovative crypto services and products including a spot exchange, futures markets, margin trading, staking rewards, lending service to earn interest on crypto assets and even the ability to purchase cryptocurrencies using a credit/debit card.


The well-known trading platform has recently launched an 'instant exchange' to provide access to the best available crypto exchange rate in the global market. Users can purchase cryptocurrencies such as bitcoin, ethereum, litecoin and XRP with zero-trading fees or commissions.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Kucoin instant exchange is a one-click crypto exchange service that was co-developed by kucoin and a top high frequency trading firm in wall street. The integration through the instant exchange allows a quick purchase of the supported cryptocurrencies, with zero-trading fees and the best available prices.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Digitex


Digitex futures exchange (DFE) is a zero-fee, peer-to-peer crypto futures exchange that allows users to trade bitcoin perpetual swap futures contract with leverage up to 100x. The trading exchange is built on ethereum’s blockchain technology to provide a cutting-edge crypto futures exchange with zero trading fees.


The exchange model is based on users having a balance of its own native coin, the DGTX token to be eligible for zero-commission trading. Each user that places a trade increases the demand for the DGTX token.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


The platform is able to offer zero-fee bitcoin trading by selling DGTX tokens to earn money. This means, you can trade crypto with high frequency without having to worry about exchange commissions and taker fees eroding your profits.


Overall, we were quite impressive with digitex and the direction the exchange is headed. However, we would like to see improvements to the user interface, which appears dated in terms of functionality and lacks advanced trade order types. This is an important aspect to trading as this is where most of your time will be spent analyzing the charts.


Amplify


Amplify exchange was launched in 2019 to solve issues in the crypto world that inhibit the broader crypto adoption and common frustrations experienced by crypto traders.


The crypto exchange offers customers all over the globe (apart from US and canada) to buy and sell cryptocurrency without paying trading fees. This means there are no additional fees above spot crypto pricing.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Furthermore, there are no prerequisites to be eligible for zero-trading fees such as financial status, degree of trading expertise and/or amount of investment making it suitable for everyone.


Amplify exchange has over 14 crypto pairs such as:



  • Bitcoin

  • Ethereum

  • Litecoin

  • Ripple

  • Bitcoin cash

  • Stellar lumens

  • Dash

  • Cardano

  • NEO

  • Ethereum classic

  • Basic attention token

  • ZRX

  • EOS

  • Amplify loyalty token (AMPX)



Each crypto pair can be traded against fiat currency, BTC, ETH and the platform's native coin, AMPX token with zero-fees and commissions. When you log in for the first time, you might be a little surprised at the interface. It's not like other margin crypto exchanges. While it is very simplistic and suited to beginners.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Shapeshift


Shapeshift is a digital marketplace that was established in 2014 by erik voorhees that provides a crypto services to users all around the world. The online exchange offers the ability to quickly swap between assets in a seamless, safe, and secure environment.


In a matter of minutes, you can instantly exchange bitcoin to another altcoin and vice versa without any hassle. The team behind shapeshift have recently launched a new platform to buy bitcoin with no fees in an effort to compete with other cryptocurrency exchanges.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


To be eligible for commission free, zero spread and zero trading fees on shapeshift, users need to hold their native FOX tokens. When you create an account, shapeshift deposit 100 FOX tokens for free in your account.


The new shapeshift platform allows you to:



  • Create a new wallet or connect your keepkey, trezor or portis wallet

  • Visualize your portfolio performance through a powerful dashboard

  • Trade crypto instantly and for free with over a thousand asset pairs by holding FOX tokens

  • Buy crypto with your bank account

  • Send, receive, and HODL your digital assets on your hardware wallet




15 must-read bitcoin & crypto trading tips (updated 2020)


Last updated aug 9, 2020 @ 15:14


Safety rules are written in blood. That statement is familiar to every soldier serving his or her country. Although we are not talking about a risk to human life, losing one’s expensive bitcoins by making trading mistakes is definitely not fun.


So how can one avoid such mistakes and stay in the green? First, it is essential to note that trading requires your attention and 100% focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my blood). However, it’s difficult to apply them in real time. After all, humans are not rational.


New trading tips for 2019


Have a reason for every trade


Enter a trading position only when you know why you’re entering it, and have a clear strategy in mind.
Not all traders are profitable since this is a zero-sum game (for everyone who benefits, someone else loses on the other side). Large whales drive the altcoin market – yes, the same ones responsible for placing huge blocks of hundreds of bitcoins on the order book.


The whales are just waiting patiently for innocent little fish like us until we make trading mistakes. Even if you aspire to trade daily, sometimes it is better to do nothing instead of jumping into the rushing water and exposing yourself to substantial losses. There are days when you only keep your profits by not trading at all.


Clear stops, clear targets: have a plan


For each position, we must set a precise target level at which to take profit and, more importantly, a stop-loss level for cutting losses. Setting a stop-loss involves selecting the maximum amount of losses we can afford before the position gets closed.


Several factors must be considered in order to correctly choose a stop loss level. Most traders fail when they fall in love with their position or the coin itself.


They may say, “it will turn around and I will get out of this trade with a minimal loss, I’m sure.” they’re letting their egos take control of them, and compared to the traditional stock market where 2-3% is considered extreme volatility, crypto trades are a lot riskier: it’s not unusual to find a coin dumping by 80% just in a few hours, and nobody wants to be the one who is left holding it.


FOMO: be aware


Meet FOMO, or fear of missing out. Indeed, it isn’t fun to see such situations from the outside – when a specific coin is being pumped up like crazy with huge two-digit gains in just minutes.


That bold green candle yells at you, “you are the only one not holding me.” at exactly this point you will notice lame people flooding reddit and telegram trading groups and the exchanges’ trollboxes to talk about the ongoing pump.


A classic pump and dump. Source: steemit


What do we do then? It’s very simple: keep moving forward. True, it’s possible that many people ahead of us may have caught the rise and that the market could continue in one direction, but bare in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought for lower prices. The price has become high, and it’s clear that the current lucky holders only consist of those little fish. Needless to say, the next step is usually the bright red candle which sells through the whole order book.


Risk management: it’s not just for crypto


Pigs get fat; hogs get slaughtered. This statement tells the story of profits from our perspective. To be a profitable trader, you never look for the edge of the movement. You look for the small gains that will accumulate into a big one.


Manage risk wisely across your portfolio. For example, you should never invest more than a small percentage of your portfolio in a non-liquid (very high risk) market. To those positions we will assign greater tolerance; the stop and target levels will be chosen far from the buying level.


Cryptocurrencies are traded against bitcoin


The underlying asset creates volatile market conditions: most altcoins are mostly traded against bitcoin, rather than fiat.


Bitcoin is a volatile asset compared to almost any fiat currency, and this fact should be taken into consideration, especially when the price of bitcoin is moving sharply.


In past years, it was common for bitcoin and altcoins to exhibit an inverse correlation, i.E., when bitcoin rose, altcoins prices would fall against bitcoin, and vice versa. However, since 2018 the correlation has been unclear.


Regardless, when bitcoin is volatile, trading conditions are kind of foggy. During periods of fog, we can’t see far ahead, so it is better to have close targets and stop-losses set – or to not trade at all.


Must-have tips for trading altcoins


Most altcoins lose value over time. They may bleed in value slowly or rapidly, but the fact that the list of the largest 20 altcoins by market cap has changed so much over the past few years tells us a lot.


Take this into account when holding large amounts of altcoins for the medium and the longer term, and, of course, choose them wisely.


If you are considering holding altcoins for the longer term or building a long-term crypto portfolio, keep in mind that the projects or altcoins that have higher daily trading volumes and significant community backing are probably here to stay.


You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be consolidation or accumulation periods on the part of whales, and when the right time comes, accompanied by positive project announcements, the pump will start, and the whales will sell for profit.


Icos, ieos and token sales


A word about public icos (or ieos, as they are now known in 2019): these are crypto token sales. Many new projects choose to hold a crowd-sale where they offer investors an early opportunity to buy a share of the project’s tokens at what is meant to be a reasonable price.


The motivation for investors is that the token will get listed on the secondary market, i.E. The crypto exchanges, and will yield a nice profit for early investors. In recent years, there have been many successful token sales: rois of 10x were not uncommon.


One example was augur’s ICO, which yielded investors a phenomenal 15x return on investment. Okay, but what’s the catch? Not all such projects reward their investors. Many sales proved to be complete scams. Not only were they not being traded at all, but some projects disappeared with the money, never to be heard from again.


So how do you know whether you should invest in a given token sale? We recently wrote about this, and a key factor is the amount of money the project aims to raise. A project which raises too little will probably not be able to develop a working product, while a project which raises a huge amount won’t have enough investors left out there to buy the tokens on the secondary market. Most important of all is risk management. Never put all your eggs in one basket and invest too much of your portfolio in one IEO or ICO. They are considered high risk.


Start today, right now


Here are some practical tips you can implement right away:



  • Fees, fees, fees: making multiple trades means paying more fees. It’s always advisable and cheaper to post a new order to the order book as a market maker, and not to buy from the order book (taker).

  • No pressure: don’t start trading unless you have the optimal conditions for making the right decisions, and always know when and how to get out of the trade (have a trading plan). Pressure always hurts your trading game. Never rush! Wait for the next opportunity; you will get there.

  • Setting targets and placing sell orders: always set your targets by placing sell orders. You don’t know when a whale will pump up your coin to clean up the supply on the order book (and pay a reduced fee on the “maker” side, remember?).


Augur sell-off. Down 75% in one second, then back up



  • A successful strategy involves placing low buy orders. The above chart is taken from the poloniex exchange in december 2016: a crazy flash crash took place, and augur’s price declined by 75%. After a short while, the market recovered completely. Anyone who had set low buy orders could easily double or triple his or her investment. Placing low buy orders requires special care; don’t wake up when you’re far away from the market to find that your buy order has executed and now the price is even lower.

  • Buy the rumor, sell the news. When major news outlets publish news, it’s usually the right time to say goodbye to the coin involved.

  • You have made a profitable trade, but as always, the moment you sold, the coin runs up again. First, meet murphy’s law. Second, read over what was written here previously and never enter a position under pressure or chase the FOMO. As long as there is profit, you are okay. Go on to your next trade and don’t find yourself losing it.

  • Leave your ego aside. The goal here is not to be right with your trades, but to gain profit. Do not waste resources (time and money) trying to prove you should’ve been entering this or that position. Remember, no trader doesn’t sometimes lose. The equation is simple – the number of winning trades should be higher than losing trades.

  • Bear markets are sometimes the best times to make profits: if you haven’t heard about it, learn how you can short bitcoin and other cryptocurrencies.



New bitcoin & altcoin trading tips for 2019


Ignore financial news and other traders


Don’t waste your time reading the news. The vast majority of the published analysis and news posts you will find in the traditional press is biased or promoted by a particular company or group. Better to invest your time in learning the long-term trends by reading financial pieces, not everyday news. You won’t find your next investment opportunity by reading the news. The opposite is true: if it appears in the news, then others must know about it, so it probably has no value. Buy the rumor, sell the news, remember?


Additionally, it’s best not to complicate your analysis by listening to other traders’ success stories. Competing with others can only lead to unhealthy FOMO trades. Your skills will only improve if you concentrate on yourself, rather than buying coins because one of your friends suggested it.


Have a long-term end goal


In the end, remember that you are trading for a reason while investing funds that you could completely lose. Examples of goals could be quitting your job, buying a house, or retiring.


Thus, set your short and long-term goals and trade accordingly, i.E., do not risk funds you will need in the short term. Your overall goal should be aligned with all of your trading positions as well as your risk management.


Identify crypto scams in seconds


Altcoins are very tempting, but remember that the cryptocurrency world received an enormous amount of attention, which brought many scammers into the field. The idea that “you are responsible for your funds, not the bank” is indeed revolutionary, but it can also lead inexperienced newbies to send their funds away, thinking about a “high ROI” or investing in an ICO or IEO that will “change the world.” unlike traditional finance, cryptocurrency has no insurance. Once you send your funds, they are no longer yours.


Learn how to identify crypto scams. Unfortunately, there are plenty of them around. Many entrepreneurs want your funds; not all of them want them for the right reasons. Don’t waste time; think about why you should not be investing instead of contributing your valuable cryptocurrency.


What you need to know about your long-term portfolio


In the long term, only a few cryptocurrencies will survive. Looking at the top 20 coins ranked by market cap, you can easily see that beyond first place, which of course belongs to bitcoin, most of the rest change from year to year. Since many won’t survive, you need to think wisely about which altcoins to include in your long-term crypto portfolio and what percentage portion of your portfolio each of those altcoins will comprise. You can’t time the market; another crypto bubble could develop at any time.


The profit is temporary until you meet the fiat


The fiat value of your crypto portfolio is key. As long as the everyday world’s money is fiat (dollars, euros and such), you should measure your total portfolio’s value in terms of fiat currency.


Remember, until the fiat reaches your bank account, you have not cashed out. Cryptocurrency has no insurance, and if you are not following security rules, you can quickly lose your funds despite being a successful crypto trader. Many investors saw their fiat holdings disappear despite holding them on exchanges after selling their crypto. The most famous example of this was the mt. Gox collapse in 2014. However, quadriga CX’s recent incident reminds us that when it comes to exchanges, things happen.


Create a group with your trading buddies


There is a lot of information associated with the crypto world, and things move very quickly. In order to stay up to date, find a reliable group of friends with whom to share trading ideas as well as fundamental and technical data. Whether on telegram or whatsapp, chart groups contain members who are worth listening to – and others who should be ignored.


Enjoyed these tips? There’s more


We will appreciate your share! We’ve also published more trading tips and a guide to common trading mistakes, which you can read here.


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About the author


Yuval gov view more posts by this author


Yuval gov has over 15 years of trading experience in the stock exchange, graduated from TAU - economics and management. Fell in love with the crypto space. Does crossfit to get away from FOMO. Contact yuval: linkedin



Trader says he trolled his way to $24,000 in crypto thanks to reddit’s new digital asset


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


A redditor says he made $24,000 “from memes and shitposting” thanks to moon, the popular site’s new cryptocurrency.


Reddit first rolled out the ERC-20 token in may as a way to reward contributions in the r/cryptocurrency subreddit. Initially, 50 million moons were distributed based on “karma” earned in the subreddit.


The user “cryptorich13” says he earned 80,000 moons from the distribution, which he later traded for bitcoin.


“I shitposted a lot in 2017. I was awarded 80k reddit moons earlier this year which I sold on the rinkeby testnet using xdai and honeyswap and immediately bought BTC with it. (0.92 BTC to be exact).


That BTC is now worth $23,736 at a price of $25,800 per BTC. I have literally made $24k from memes and shitposting.


Thank you reddit, thank you to the crypto community. Although it doesn’t make up for all the BTC I lost since 2017, it still brightens my day and I will hodl this BTC until the end of time. I love you all.”


Cryptorich13’s BTC haul has only gone up in value, with bitcoin trading at $27,088.4 at time of writing, according to coingecko.


Moons can be transferred, tipped, and spent in the subreddit through reddit’s ios or android app.


After the initial 50 million moons, the amount slated for distribution each subsequent month starts at 5 million and has been set to decrease by 2.5% every cycle. The asset will approach a maximum cap of 250 million, according to reddit.


Moon is trading around $0.012 at time of writing, according to coingecko.


Don't miss a beat – subscribe to get crypto email alerts delivered directly to your inbox
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8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Disclaimer: opinions expressed at the daily hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The daily hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is the daily hodl an investment advisor. Please note that the daily hodl participates in affiliate marketing.

Featured image: shutterstock/grandeduc



Best discord crypto trading groups


What is discord? Discord is an open-source application that was designed by gamers to communicate with other gamers. However, since its development, discord has expanded into a broad social forum which I would describe as twitter meets reddit. Today, we’re even seeing discord crypto trading groups, which is the topic of our discussion.


Discord has all of the sharability of twitter, with the organized forums of reddit. More importantly, it is another social sharing app where you can interact with interest groups; and this includes cryptocurrency trading and investments.


If you are new to discord, then there will be a learning curve, but it is not a steep one. But first, you will need to create an account and profile, and many of these groups work with invitation codes or require some kind of vetting process. Invitation codes are designed to avoid shilling, spamming, violence, and to keep the conversation on the topic.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


It is not surprising that discord has many groups interested in cryptocurrency and decentralization. Cryptocurrency owes a lot to gamers and their ingenuity, both in terms of traditional centralized servers and newer decentralized models of gaming.


Discord offers specialized groups, or channels so that you are connecting with the right interest group. So what groups and channels should you join if you want to leverage the free social trading platforms of discord?


Naturally, there are loads of different discord crypto groups you can join. But whether you have been using the platform for years, or you are in need of a new community to talk cryptocurrency, here is a list of 8 groups on discord where you can find cryptocurrency advice.


This list is brought to you largely by dan price, so a big thanks to him for getting this list going.


1. Cracking crypto


Cracking crypto has the most diversity in terms of channels within the group. So, if you have cryptocurrency questions, someone in some group has answers.


The group also has several channels dedicated to crypto signals. Each crypto-signal channel is operated by someone who considers themselves a specialist in that cryptocurrency.


Using signals is helpful for all kinds of reasons, especially just to see what others in the market think about specific tokens, icos, and other currencies.


But take signal information with a grain of salt, and make sure you run your own technical analysis. Don’t just hop on any old bandwagon, signals are helpful but they are not a sure thing.


There are also bot channels that offer automated news, price movements, news on icos and airdrops.


2. Elite crypto signals


Elite crypto signals is a group focused on suggested buys and sells and also offers signals. There are also other channels in this group, but they do not get as much attention.


Elite is a very organized discord crypto trading group, and you can even buy premium signals that have a higher probability of return for $30 USD a signal.


There is a good chance that you will get some good intel in elite because it has a large number of focused investors. But, like our signals, it is always important to be wary of buy and sells. This is especially true if there is a price for them because while they may be premium, there are no guarantees when it comes to signals. Always proceed with intelligent caution.


Once you get to know the personalities on the channel you might be able to gain a greater insight into the market. However, this kind of social sharing is always a risk. And if you are interested in a smarter way to buy signals, then you should check out the hedgetrade trading app as well.


3. Crypto rand


If you are looking for market analysis and research, then consider joining crypto rand. This account has been established for a couple of years, and the controls and members of the group have some solid information. The group has several thousand members, mind you.


The two main servers are public discussion and public charts; discussion offers advice and charts give you the analytics.


This group also has a channel for memes and other lighter content as well, if you can’t resist. But moderators will keep you in check if you dump a bunch of junk on there.


4. R/decentralization


As the name denotes, r/decentralization is a group interested in decentralized projects. The group started off on reddit and continues to have a huge following and contributors to discord as well.


Given that decentralization is the umbrella of conversation in this group, there are only a few channels dedicated to cryptocurrency. But that doesn’t mean this group isn’t helpful.


You can also check out related cryptocurrency and decentralized issues which include: news, mining, and blockchain technology. And when dealing with digital currency, it doesn’t hurt to be in the know of the tech that provides the foundation for your favorite cryptocurrencies and projects.


This group is also particularly helpful if you are looking for work or your company or projects are hiring because there is also a channel for posting decentralized/cryptocurrency-related jobs


5. R/cryptodevs


This channel is more specifically for those who are developers. R/cryptodevs is a group for those working in the crypto-industry or who are developing related projects. So the conversation can get quite technical on these channels.


For those of you working on similar crypto/dev projects, or if you want to educate yourselves, you can find people who work on smart contracts, core blockchains, crypto research, crypto science, and crypto-based UI projects – you name it!


A few of the channels you can find in this group are dev tools, web3 dev, vyper dev, evm dev, and even game dev.


There are also platform-specific channels: zil, near, and steem. And there is a room for marketing and public relations news.


R/cryptodevs is a comprehensive channel for developers and the like, and therefore a great resource.


6. R/cryptocurrency


You may recognize the name r/cryptocurrency from the largest crypto group on reddit.


As this is a very popular discord crypto group, you will need an invitation code. Once you have that, you then need to earn access to all of the channels/rooms on the server. So, when you start you only have access to the following rooms: general, traders, charts, resources, mining, and developers.


Because this is a large group, they moderate to control spamming and other such nonsense, so it maintains the quality of the group. However, you can level up by interacting appropriately within the group. This will give you access to a more refined and serious collection of cryptocurrency users and investors.


7. Spacestation


Spacestation’s focus is ethereum and is one of the most popular crypto discord servers. However, you can come here to chat about anything in the crypto-space, including miners, developers, traders, enthusiasts, and other cryptocurrencies.


Mind you, the server started as a place for ETH miners to meet and discuss issues, but it has since expanded to a broader audience of cryptocurrency-related issues.


Never fear, there is still a dedicated ethereum chatroom.


An added bonus is that you can now find channels with chart analyses and technical trading intel as well. And there are also rooms for equities and the traditional markets, and even a room for sports.


8. Pure investments


Pure investments are kinda like those fancy lounges at the airport – you need to be a card-carrying member, and once you are in the perks are marvelous!


Given that this group is trying to keep the conversation at a higher level, it can be trickier to register than the other crypto-servers on this list.


To join, you need an invite link, and then you must leave a note and a statement of why you would like to join the group.


This is not the place to post your favorite memes! This is a group invested in investing, so you won’t find many trolls or nonsense in this group. That said, you might not be patient or persistent enough to make it past the gatekeeper.


Official Discord crypto channels


Also, many cryptocurrencies have their own servers, so if you have a coin or project you are watching then check out how they are sharing updates and such. But make sure to do research beyond their official server.


Naturally, their channel and information they offer are going to give you a positive spin on the project. But some of them will also keep you up to date with the updates and issues as well.


If you are thinking of investing in a project or coin, then it is always best to get a few perspectives on it first; which is where the groups I have listed in this article come in handy.


Conclusion


Discord started as an app for gamers, and can now be used to connect about anything your heart desires! That may mean that this discord just one more social networking or trading site for you to become addicted to.


I will leave it up to you to decide if that is a good thing or not.


Here are my tips for getting the hang of discord or for refining your social platform addictions:



  • I prefer using the phone app then operating it on a laptop/desktop. The app is easy to manage, send messages on, and read the latest posts.

  • It is a very informal system, so it is super easy to chat and type with a smartphone.

  • Get your notifications setting right! There is nothing that bothers me more than inane notifications. So if you want to make the most out of the app for investing and crypto-trading, then go to your settings and be sure you are set up to only receive the notifications that you want.

  • Avoid the void! There are literally endless vistas when it comes to discord, much like reddit and twitter. Start with 2 or 3 of these groups and try each one out for a while. Once you have made a decision then move on to the next phase.

  • Be smart! There is a lot of noise out there, even on the quality discord channels. If you are looking for trading advice be sure to take others’ advice in stride and do your own research and analysis.

  • You can learn about a lot of cool projects here, but sometimes it is hard to avoid a lemon. This is a real risk with new projects of any kind. This is one of the benefits of discord, it can help you connect with currency users and get their thoughts on the token or project.



Finally, discord crypto trading groups represent just one way to learn about cryptocurrency investments. Each individual cryptocurrency is amazing because they are a real community project, which means users are typically pretty effusive.


That doesn’t mean you need to take the advice of every load voice on any one social app. Build a community of those you can trust, and ask whatever questions you need to to get the answers you want. This is what discord is best used for!



Trader says he trolled his way to $24,000 in crypto thanks to reddit’s new digital asset


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


A redditor says he made $24,000 “from memes and shitposting” thanks to moon, the popular site’s new cryptocurrency.


Reddit first rolled out the ERC-20 token in may as a way to reward contributions in the r/cryptocurrency subreddit. Initially, 50 million moons were distributed based on “karma” earned in the subreddit.


The user “cryptorich13” says he earned 80,000 moons from the distribution, which he later traded for bitcoin.


“I shitposted a lot in 2017. I was awarded 80k reddit moons earlier this year which I sold on the rinkeby testnet using xdai and honeyswap and immediately bought BTC with it. (0.92 BTC to be exact).


That BTC is now worth $23,736 at a price of $25,800 per BTC. I have literally made $24k from memes and shitposting.


Thank you reddit, thank you to the crypto community. Although it doesn’t make up for all the BTC I lost since 2017, it still brightens my day and I will hodl this BTC until the end of time. I love you all.”


Cryptorich13’s BTC haul has only gone up in value, with bitcoin trading at $27,088.4 at time of writing, according to coingecko.


Moons can be transferred, tipped, and spent in the subreddit through reddit’s ios or android app.


After the initial 50 million moons, the amount slated for distribution each subsequent month starts at 5 million and has been set to decrease by 2.5% every cycle. The asset will approach a maximum cap of 250 million, according to reddit.


Moon is trading around $0.012 at time of writing, according to coingecko.


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8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Disclaimer: opinions expressed at the daily hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The daily hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is the daily hodl an investment advisor. Please note that the daily hodl participates in affiliate marketing.

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Best crypto exchanges


Best places to buy and sell cryptocurrency


We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.


Investing or trading in bitcoin or other cryptocurrencies can be intimidating at first. There is frequently news about scams and people losing money. While this is true, and many scams have happened and continue to happen, it has never been so simple to invest in cryptocurrency. So much has advanced in the last few years that have made crypto trading safe and easy.


The foremost concern when trading and purchasing bitcoin, or other cryptocurrencies, is safety and security. Whether you intend to purchase and hold long term, want to trade frequently, are interested in anonymity or privacy, or simply want ease of use, the following exchanges are the best for any use case you may have.


This list covers the best exchanges for certain types of traders as well as the best exchanges within each type of exchange. There are a number of ways to go about investing in bitcoin or other cryptocurrencies. To learn more about how the different exchange types differ, please read on after the list of exchanges. Once you have decided on an exchange, it is important to also practice safe storage. You can see the best storage methods on our best bitcoin wallets article.


Best crypto exchanges



  • Coinbase and coinbase pro: best overall

  • Cash app: best for beginners

  • Binance: best for altcoins

  • Bisq: best decentralized exchange


Coinbase and coinbase pro: best overall



The most widely known and used cryptocurrency exchange in the united states is coinbase. Coinbase was founded in 2012, not very long after the release of bitcoin’s code in 2009, and is a fully regulated and licensed cryptocurrency exchange. Coinbase currently has licenses to operate in over 40 U.S. States and territories.


Solid variety of altcoin choices


Extremely simple user interface


High fees when not using coinbase pro


User does not control wallet keys


Those interested in altcoin trading won't find as many as some other exchanges


Fees: between $0.99 and $2.99 depending on the dollar value of the purchase.


While the cryptocurrency industry has been fraught with fraudulent coins and shady exchanges, coinbase has largely avoided any controversy. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted.


Coinbase also offers insured custodial wallets for investors and traders to store their investments. It is important to note that, should your account be compromised from your own doing, this insurance does not apply. These custodial accounts are very convenient for newer users just getting their feet wet, but the private keys to the coins within them are owned by coinbase, and not the investor.


Additionally, coinbase also offers the free coinbase pro version that has a different, but cheaper, fee structure and significantly more options in terms of charts and indicators. Coinbase pro is a perfect next step for those who have learned the ropes using coinbase. Coinbase pro helps round out the overall offering by adding features that the more advanced user would want.


Cash app: best for beginners



Cash app is a peer-to-peer money transfer system much like venmo. This type of service allows users to split food, pay rent to a roommate, or even shop online at a retailer that supports cash app. Cash app can essentially act as a bank account and users can have their own cash app debit cards. This service is very convenient by itself, but cash app has even more features.


Peer-to-peer money transfer like venmo or zelle


Ability to withdraw bitcoin


Extremely simple user interface that is great for beginners


Only allows bitcoin investment at this time


3% charge when sending money via a linked credit card


Withdrawal limit of $2,000 worth of bitcoin every 24 hours


Fees: cash app charges a service fee for each transaction. It also charges a fee determined by price volatility. These fees change depending on the market’s activity.


Cash app also allows its users to invest in stocks, etfs, and cryptocurrency in a similar fashion that robinhood does. The mobile-first interface that this exchange uses is very easy to figure out and use, making it ideal for a first-time investor.


Aside from offering a payment system like venmo and an investment platform like robinhood, cash app differs in the user’s ability to withdraw cryptocurrency investments to your own wallet. This is the main reason that we chose cash app over robinhood as the best option for beginners looking to buy bitcoin.


The ability to withdraw cryptocurrency from an exchange is extremely important in the cryptocurrency community. With robinhood, you can invest and trade cryptocurrency but you cannot withdraw and spend it how you wish. Many in the crypto-community refer to this concept as “not your keys, not your coin.” this means that if you do not hold the private keys to the wallet that the coins are stored in, they are effectively not owned by you.


Binance: best for altcoins



The binance exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers nearly 600 different trading pairs between different cryptocurrencies. It does offer some fiat/crypto pairs, but most of its pairs are between cryptocurrencies.


Lower fees than other commonly used exchanges


Large variety of cryptocurrencies and trading pairs


Geared for more advanced users


Binance US has fewer trading pairs than its international counterpart, though it still has over 100 trading pairs


13 U.S. States, like new york, are not supported by binance US


Fees: 0.1% for the taker side and 0.1% for the maker side. This scales down with trade volume to 0.02% for both sides of the trade. Using binance’s native cryptocurrency, BNB, lowers fees by 25%.


Currently, binance dominates the global exchange space, making up a significant portion of crypto trading volume daily. The exchange does not currently allow for US dollar deposits but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using over 20 other fiat currencies are allowed, including the euro.


Binance is best suited to people who would like to trade or invest in lesser-known altcoins. For example, coinbase only offers 22 different cryptocurrencies to trade while binance has over 150. Binance is the ideal exchange for anyone who would like to trade altcoins or anyone who wants more advanced charting than most other exchanges.


Bisq: best decentralized exchange



The premise of bitcoin itself is that it grants open and free access to a unit of account. Banking products, like a checking or savings account, are only accessible if you have a legally provable government-issued identification. With bitcoin, this isn’t necessary. It can be accessed regardless of nationality or location, and without any identification.


Decentralized, non-KYC platform


26 different payment options, including zelle


Mobile app for both android and ios


Transaction speed is dependent on the payment method and can be slow, in some cases


Trading volumes can be low


Not really designed for active trading


Fees: trading fees are payable in BTC or BSQ (the network’s native cryptocurrency). When paying for the fees using bitcoin, the cost to trade one bitcoin is 0.20% on the maker side and 0.60% on the taker side. When paying the fees in BSQ, the fee to trade one bitcoin is 0.10 on the maker side and 0.30% on the taker side.


While many argue that this opens up possibilities for criminal activity (the same could be said about criminal activity using cash), it also immediately grants units of account to individuals in countries with less-developed banking systems. There are millions of people in the world that do not have access to bank accounts or means to trade because their countries may not have the proper financial infrastructure, or the individuals may not have government-issued identification. Bitcoin, used in tandem with a decentralized exchange like bisq, can be a good solution in these cases.


Bisq is a downloadable software and peer-to-peer decentralized bitcoin and crypto exchange. This means that bisq has no central point of failure and cannot be taken down, much like bitcoin itself. Bisq is non-custodial, which means that no one other than the user touches or controls the user’s funds. This differs from centralized exchanges, like coinbase, as coinbase controls the user’s funds in a custodial account that the user does not have the private keys to. In that scenario, coinbase holds the right to seize your funds if it deems your account activity suspicious, whether or not the activity is actually illegal in your location.


Bisq is instantly accessible to anyone with a computer or smartphone as there is no registration process or KYC (know your customer) rule. This makes it ideal for those looking for privacy, dissidents living within an oppressive regime, or anyone who does not have any government-issued identification.


Bisq offers trading of several different fiat currencies including USD, as well as bitcoin and a number of other cryptocurrencies. Bisq’s decentralized and peer-to-peer characteristics can mean low trading volumes and slower transactions, but for some, this is well worth it.


Understanding the types of crypto exchanges


To choose the best exchange for your needs, it is important to fully understand the types of exchanges.


Centralized exchange


The first and most common type of exchange is the centralized exchange. Popular exchanges that fall into this category are coinbase, binance, kraken, and gemini. These exchanges are private companies that offer platforms to trade cryptocurrency. These exchanges require registration and identification, also known as the know your customer, or know your client, rule.


The exchanges listed above all have active trading, high volumes, and liquidity. That said, centralized exchanges are not in line with the philosophy of bitcoin. They run on their own private servers which creates a vector of attack. If the servers of the company were to be compromised, the whole system could be shut down for some time. Worse, sensitive data about its users could be released.


The larger, more popular centralized exchanges are by far the easiest on-ramp for new users and they even provide some level of insurance should their systems fail. While this is true, when cryptocurrency is purchased on these exchanges it is stored within their custodial wallets and not in your own wallet that you own the keys to. The insurance that is provided is only applicable if the exchange is at fault. Should your computer and your coinbase account, for example, become compromised, your funds would be lost and you would unlikely have the ability to claim insurance. This is why it is important to withdraw any large sums and practice safe storage.


Decentralized exchange


Decentralized exchanges work in the same manner that bitcoin does. A decentralized exchange has no central point of control. Instead, think of it as a server, except that each computer within the server is spread out across the world and each computer that makes up one part of that server is controlled by an individual. If one of these computers turns off, it has no effect on the network as a whole because there are plenty of other computers that will continue running the network.


This is drastically different from one company controlling a server in a single location. Attacking something that is spread out and decentralized in this manner is significantly more difficult, making any such attacks unrealistic and likely unsuccessful.


Due to this decentralization, these types of exchanges cannot be subject to the rules of any regulatory body, as there is no specific person or group running the system. The individuals who participate come and go, so there is no one or no group that a government or regulatory body can realistically pursue. This means that those trading on the platform do not have to declare their identification and are free to use the platform in any manner they choose, whether legal or not.


Methodology


Investopedia is dedicated to helping those interested in cryptocurrency investment make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top bitcoin exchanges for investors of all levels. The landscape of cryptocurrency can be quite intimidating so we have chosen exchanges that we believe are trustworthy, secure, easy to use, and have had a long-standing and proven level of quality.



15 must-read bitcoin & crypto trading tips (updated 2020)


Last updated aug 9, 2020 @ 15:14


Safety rules are written in blood. That statement is familiar to every soldier serving his or her country. Although we are not talking about a risk to human life, losing one’s expensive bitcoins by making trading mistakes is definitely not fun.


So how can one avoid such mistakes and stay in the green? First, it is essential to note that trading requires your attention and 100% focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my blood). However, it’s difficult to apply them in real time. After all, humans are not rational.


New trading tips for 2019


Have a reason for every trade


Enter a trading position only when you know why you’re entering it, and have a clear strategy in mind.
Not all traders are profitable since this is a zero-sum game (for everyone who benefits, someone else loses on the other side). Large whales drive the altcoin market – yes, the same ones responsible for placing huge blocks of hundreds of bitcoins on the order book.


The whales are just waiting patiently for innocent little fish like us until we make trading mistakes. Even if you aspire to trade daily, sometimes it is better to do nothing instead of jumping into the rushing water and exposing yourself to substantial losses. There are days when you only keep your profits by not trading at all.


Clear stops, clear targets: have a plan


For each position, we must set a precise target level at which to take profit and, more importantly, a stop-loss level for cutting losses. Setting a stop-loss involves selecting the maximum amount of losses we can afford before the position gets closed.


Several factors must be considered in order to correctly choose a stop loss level. Most traders fail when they fall in love with their position or the coin itself.


They may say, “it will turn around and I will get out of this trade with a minimal loss, I’m sure.” they’re letting their egos take control of them, and compared to the traditional stock market where 2-3% is considered extreme volatility, crypto trades are a lot riskier: it’s not unusual to find a coin dumping by 80% just in a few hours, and nobody wants to be the one who is left holding it.


FOMO: be aware


Meet FOMO, or fear of missing out. Indeed, it isn’t fun to see such situations from the outside – when a specific coin is being pumped up like crazy with huge two-digit gains in just minutes.


That bold green candle yells at you, “you are the only one not holding me.” at exactly this point you will notice lame people flooding reddit and telegram trading groups and the exchanges’ trollboxes to talk about the ongoing pump.


A classic pump and dump. Source: steemit


What do we do then? It’s very simple: keep moving forward. True, it’s possible that many people ahead of us may have caught the rise and that the market could continue in one direction, but bare in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought for lower prices. The price has become high, and it’s clear that the current lucky holders only consist of those little fish. Needless to say, the next step is usually the bright red candle which sells through the whole order book.


Risk management: it’s not just for crypto


Pigs get fat; hogs get slaughtered. This statement tells the story of profits from our perspective. To be a profitable trader, you never look for the edge of the movement. You look for the small gains that will accumulate into a big one.


Manage risk wisely across your portfolio. For example, you should never invest more than a small percentage of your portfolio in a non-liquid (very high risk) market. To those positions we will assign greater tolerance; the stop and target levels will be chosen far from the buying level.


Cryptocurrencies are traded against bitcoin


The underlying asset creates volatile market conditions: most altcoins are mostly traded against bitcoin, rather than fiat.


Bitcoin is a volatile asset compared to almost any fiat currency, and this fact should be taken into consideration, especially when the price of bitcoin is moving sharply.


In past years, it was common for bitcoin and altcoins to exhibit an inverse correlation, i.E., when bitcoin rose, altcoins prices would fall against bitcoin, and vice versa. However, since 2018 the correlation has been unclear.


Regardless, when bitcoin is volatile, trading conditions are kind of foggy. During periods of fog, we can’t see far ahead, so it is better to have close targets and stop-losses set – or to not trade at all.


Must-have tips for trading altcoins


Most altcoins lose value over time. They may bleed in value slowly or rapidly, but the fact that the list of the largest 20 altcoins by market cap has changed so much over the past few years tells us a lot.


Take this into account when holding large amounts of altcoins for the medium and the longer term, and, of course, choose them wisely.


If you are considering holding altcoins for the longer term or building a long-term crypto portfolio, keep in mind that the projects or altcoins that have higher daily trading volumes and significant community backing are probably here to stay.


You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be consolidation or accumulation periods on the part of whales, and when the right time comes, accompanied by positive project announcements, the pump will start, and the whales will sell for profit.


Icos, ieos and token sales


A word about public icos (or ieos, as they are now known in 2019): these are crypto token sales. Many new projects choose to hold a crowd-sale where they offer investors an early opportunity to buy a share of the project’s tokens at what is meant to be a reasonable price.


The motivation for investors is that the token will get listed on the secondary market, i.E. The crypto exchanges, and will yield a nice profit for early investors. In recent years, there have been many successful token sales: rois of 10x were not uncommon.


One example was augur’s ICO, which yielded investors a phenomenal 15x return on investment. Okay, but what’s the catch? Not all such projects reward their investors. Many sales proved to be complete scams. Not only were they not being traded at all, but some projects disappeared with the money, never to be heard from again.


So how do you know whether you should invest in a given token sale? We recently wrote about this, and a key factor is the amount of money the project aims to raise. A project which raises too little will probably not be able to develop a working product, while a project which raises a huge amount won’t have enough investors left out there to buy the tokens on the secondary market. Most important of all is risk management. Never put all your eggs in one basket and invest too much of your portfolio in one IEO or ICO. They are considered high risk.


Start today, right now


Here are some practical tips you can implement right away:



  • Fees, fees, fees: making multiple trades means paying more fees. It’s always advisable and cheaper to post a new order to the order book as a market maker, and not to buy from the order book (taker).

  • No pressure: don’t start trading unless you have the optimal conditions for making the right decisions, and always know when and how to get out of the trade (have a trading plan). Pressure always hurts your trading game. Never rush! Wait for the next opportunity; you will get there.

  • Setting targets and placing sell orders: always set your targets by placing sell orders. You don’t know when a whale will pump up your coin to clean up the supply on the order book (and pay a reduced fee on the “maker” side, remember?).


Augur sell-off. Down 75% in one second, then back up



  • A successful strategy involves placing low buy orders. The above chart is taken from the poloniex exchange in december 2016: a crazy flash crash took place, and augur’s price declined by 75%. After a short while, the market recovered completely. Anyone who had set low buy orders could easily double or triple his or her investment. Placing low buy orders requires special care; don’t wake up when you’re far away from the market to find that your buy order has executed and now the price is even lower.

  • Buy the rumor, sell the news. When major news outlets publish news, it’s usually the right time to say goodbye to the coin involved.

  • You have made a profitable trade, but as always, the moment you sold, the coin runs up again. First, meet murphy’s law. Second, read over what was written here previously and never enter a position under pressure or chase the FOMO. As long as there is profit, you are okay. Go on to your next trade and don’t find yourself losing it.

  • Leave your ego aside. The goal here is not to be right with your trades, but to gain profit. Do not waste resources (time and money) trying to prove you should’ve been entering this or that position. Remember, no trader doesn’t sometimes lose. The equation is simple – the number of winning trades should be higher than losing trades.

  • Bear markets are sometimes the best times to make profits: if you haven’t heard about it, learn how you can short bitcoin and other cryptocurrencies.



New bitcoin & altcoin trading tips for 2019


Ignore financial news and other traders


Don’t waste your time reading the news. The vast majority of the published analysis and news posts you will find in the traditional press is biased or promoted by a particular company or group. Better to invest your time in learning the long-term trends by reading financial pieces, not everyday news. You won’t find your next investment opportunity by reading the news. The opposite is true: if it appears in the news, then others must know about it, so it probably has no value. Buy the rumor, sell the news, remember?


Additionally, it’s best not to complicate your analysis by listening to other traders’ success stories. Competing with others can only lead to unhealthy FOMO trades. Your skills will only improve if you concentrate on yourself, rather than buying coins because one of your friends suggested it.


Have a long-term end goal


In the end, remember that you are trading for a reason while investing funds that you could completely lose. Examples of goals could be quitting your job, buying a house, or retiring.


Thus, set your short and long-term goals and trade accordingly, i.E., do not risk funds you will need in the short term. Your overall goal should be aligned with all of your trading positions as well as your risk management.


Identify crypto scams in seconds


Altcoins are very tempting, but remember that the cryptocurrency world received an enormous amount of attention, which brought many scammers into the field. The idea that “you are responsible for your funds, not the bank” is indeed revolutionary, but it can also lead inexperienced newbies to send their funds away, thinking about a “high ROI” or investing in an ICO or IEO that will “change the world.” unlike traditional finance, cryptocurrency has no insurance. Once you send your funds, they are no longer yours.


Learn how to identify crypto scams. Unfortunately, there are plenty of them around. Many entrepreneurs want your funds; not all of them want them for the right reasons. Don’t waste time; think about why you should not be investing instead of contributing your valuable cryptocurrency.


What you need to know about your long-term portfolio


In the long term, only a few cryptocurrencies will survive. Looking at the top 20 coins ranked by market cap, you can easily see that beyond first place, which of course belongs to bitcoin, most of the rest change from year to year. Since many won’t survive, you need to think wisely about which altcoins to include in your long-term crypto portfolio and what percentage portion of your portfolio each of those altcoins will comprise. You can’t time the market; another crypto bubble could develop at any time.


The profit is temporary until you meet the fiat


The fiat value of your crypto portfolio is key. As long as the everyday world’s money is fiat (dollars, euros and such), you should measure your total portfolio’s value in terms of fiat currency.


Remember, until the fiat reaches your bank account, you have not cashed out. Cryptocurrency has no insurance, and if you are not following security rules, you can quickly lose your funds despite being a successful crypto trader. Many investors saw their fiat holdings disappear despite holding them on exchanges after selling their crypto. The most famous example of this was the mt. Gox collapse in 2014. However, quadriga CX’s recent incident reminds us that when it comes to exchanges, things happen.


Create a group with your trading buddies


There is a lot of information associated with the crypto world, and things move very quickly. In order to stay up to date, find a reliable group of friends with whom to share trading ideas as well as fundamental and technical data. Whether on telegram or whatsapp, chart groups contain members who are worth listening to – and others who should be ignored.


Enjoyed these tips? There’s more


We will appreciate your share! We’ve also published more trading tips and a guide to common trading mistakes, which you can read here.


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About the author


Yuval gov view more posts by this author


Yuval gov has over 15 years of trading experience in the stock exchange, graduated from TAU - economics and management. Fell in love with the crypto space. Does crossfit to get away from FOMO. Contact yuval: linkedin



Day trading cryptocurrency – how to make $500/day with consistency


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Would you like to learn day trading cryptocurrency and make a consistent $500 per day? We often hear about all the money you can make by day trading stocks. But what about crypto day trading? In today’s lesson, you’ll learn how to day trade cryptocurrency using our favorite crypto analysis tools.


Our team at trading strategy guides is lucky to have over 50 years of combined day trading experience. We’re going to share with you what it takes to day trade for a living, and hopefully, by the end of this trading guide, you’ll know if you have what it takes to succeed in this business.


First and foremost, when day trading, it’s essential to have a structured approach and a rule-based strategy. The same as swing trading or positional trading you are not going to trade every day, and you’re not going to make money every day. So, you need a day trading cryptocurrency strategy to protect your balance.


The high volatility nature of bitcoin and other cryptocurrencies has made the crypto market like a roller-coaster. This is the perfect environment for day trading because during the day you’ll have enough up and down swings to make a decent profit.


Moving forward, we’re going to teach you what you need to learn how to day trade cryptocurrency and we’re going to share some out-of-the-box rule-based day trading strategies.


How to day trade cryptocurrency


The crypto market’s unique characteristics require you to have a firm understanding of how it works. Otherwise, your experience can be like skydiving without a parachute.


The good news is that we’re going to provide you with everything you need to survive crypto day trading.


Day trading the cryptocurrency market can be a very lucrative business because of the high volatility. Since the crypto market is a relatively new asset class, it has led to significant price swings.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Before day trading bitcoin or any other altcoins, it’s prudent to wait until we have a high reading of volatility. The good news is that even when we have a low reading of volatility relative to other asset classes, this volatility is still high enough that you can generate a modest profit on your trades.


Crypto day trading also requires the right timing and good liquidity to make precise entries.


A lot of the cryptocurrencies and crypto exchanges are very illiquid and don’t have the liquidity to offer instant execution that you might find when trading forex currencies.


Before day trading bitcoin or any other alt coins, it’s also important to check how liquid the cryptocurrency you wish to trade is. You can do so by simply verifying the 24-hour volume of the crypto trade.


Coinmarketcap is a good free resource to read and gauge the market volume of any particular coin.


Note* always remember that not having enough liquidity could lead to substantial slippage and subsequent to bigger losses.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


As previously stated, crypto day trading doesn’t require trading every single day. We only like day trading cryptocurrencies when all the conditions align in our favor. In this case, avoid trading on weekends and limit trading only on the highest-volume days.


Put your seatbelt on because next, we’re going to reveal how professional traders are day trading cryptocurrencies.


Crypto day trading strategy


The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your own personality, let’s dive in and get through a step-by-step guide on how to day trade cryptocurrency.


Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of this scalping strategy.


In this article, we’re going to look at the 'buy' side.


Step #1: pick up coins with high volatility and high liquidity


As previously discussed, the number one choice you need to make is to pick coins that have high volatility and high liquidity. If you’re not day trading bitcoin, which is the most liquid coin out there, and you like the altcoins, try to pick those coins that have good liquidity and volatility.


There are more than 1600 coins on the market and growing. By following only the top cryptocurrencies, you’ll reduce your area of selection.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Day trading smaller cryptocurrencies can also be a very lucrative business, but there are higher risks. Remember, crypto prices can crash just as fast as they have risen.


Moving forward, you’re going to learn how you can make money crypto day trading.


Step #2: apply the money flow index indicator on the 5-minute chart


This specific day trading strategy uses one simple technical indicator, namely the money flow index. We use this indicator to track the activity of the smart money and to gauge when the institutions are buying and selling cryptocurrencies.


The preferred settings for the MFI indicator are 3 periods.


We’re also going to alter the default buying and selling levels from 80 to 100 and respectively from 20 to 0.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


How to use the IMF indicator will be outlined during the next step.


Step #3: wait for the money flow index to reach the 100 level


An MFI reading of 100 shows the presence of the big sharks stepping into the markets. When buying, smart money can’t hide their footsteps. They inevitably leave tracks of their activity in the market and we can read that activity through the MFI indicator.


Technical indicators aren’t always right, so in order to fine-tune our day trading strategy, we’ve added a few more conditions. Namely, during the current day, we need to skip the first two MFI readings of 100 and study the crypto price reaction.


The price needs to hold up during the first and second 100 MFI reading.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


If the price drops after the first two MFI 100 readings, then this suggests that most likely we’re going to have a down day.


Let’s now determine the appropriate place to go buy bitcoin and what are the technical conditions that need to be satisfied.


Step #4: buy if MFI = 100 and if the subsequent candle is bullish


We can now wait for the third MFI reading above 100. It doesn’t necessarily have to be the third MFI = 100 reading, you can take every other MFI = 100 readings. If your time doesn’t allow you to catch the third 100 reading on the MFI indicator, you can simply pick the next one as long as all the other technical conditions are satisfied.


Next, we also need the candlestick when we got the MFI = 100 reading to be a bullish candle. The close of this candle needs to be near the upper end, giving us a candle with very small wicks.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


This brings us to the next important thing that we need to establish when day trading cryptocurrency, which is where to place our protective stop loss and where to take profits.


Step #5: hide your protective stop loss below the low of the day. Take profit during the first 60 minutes after you opened the trade.


The obvious place to hide your protective stop loss is below the low of the day. A break below it will signal a shift in the market sentiment, and it’s best to get out of the trade. This can also signal a reversal day.


We’re more flexible when it comes to our exit strategy. However, the only rule you need to abide by is to take profits during the first 60 minutes or the first hour after your trade got triggered. Holding the trade longer than one hour will result in a lower success rate. At least that’s what our backtested results showed us.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.



Conclusion – crypto day trading


If you took the time to read the whole day trading crypto guide, then you should be able to buy and sell bitcoin and alts and make some daily profits. If you are interested in learning how to day trade cryptocurrency, be sure to equip yourself with enough information before diving into the market.


Crypto day trading can be a great way to grow your crypto portfolio and it’s a very lucrative alternative to the holding mentality that it’s crippling the crypto community.


Making a living day trading cryptocurrency can be a lot easier due to the high volatility nature of the crypto market. High volatility suits day trading very well, so you have the right environment to succeed. You may also be interested in reading our guide on the best cryptocurrencies investments for 2019.


Feel free to leave any comments below, we do read them all and will respond.


Also, please give this strategy a 5 star if you enjoyed it!


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.
8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.
8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.
8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.
8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.
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Please share this trading strategy below and keep it for your own personal use! Thanks, traders!



Crypto influencers on twitter, instagram, reddit, and youtube


Crypto influencers


Welcome to our crypto influencers page. Here, we list all the best crypto influencers on social media and other forums. You will learn who to follow on youtube, twitter or instagram. Also, we will discuss what are the best crypto trading blogs, subreddits and forums.


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


John mcafee bitcoin price prediction and changpeng zhao


In this article, we will present the bitcoin price predictions from john mcafee and changpeng


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Bitcoin reddit – the best subreddits for crypto trading


In this article we present how you find bitcoin and crypto information on reddit by


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Top youtube channels to get free crypto trading technical analysis


In this guide, we offer top youtube channels that beginners should watch while learning (and


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


List: 10 best crypto trading blogs to follow


Welcome, in this article we present you the 10 best crypto trading blogs to follow


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Top bitcoin traders on instagram – 8 investors and influencers to follow


Welcome to a cryptoinfluencer crypto trading guide where we will list the top bitcoin traders


8 Best Exchanges To Trade Crypto With No Fees (Zero Commission), crypto trading reddit.


Best crypto traders on twitter – what cryptocurrency account to follow


In this article, we list the best crypto traders on twitter. Find out what twitter


More about crypto social media and influencers


What are crypto influencers?


Crypto influencers are people on the internet promoting cryptocurrency on different forums.


I need to learn the crypto trading basics before I start to follow crypto trading influencers.


If you dont know anything about crypto trading adn need to start from zero, we recommend you to go to our home page which have a three-step crypto trading guide for you.


What are the different forums a crypto influencer can use?


A crypto influencer can use almost any forum to promote cryptocurrencies. The most common are youtube, reddit, blogs, facebook, twitter, pinterest, quora and different crypto forums.


Where can I find some great crypto influencers to follow on social media?


There are many people on social media and many of them are our scam accounts. Also, there might be several great accounts that just doesnt fit you. You might be interested in different information than provided by certain influencers. Give it some time and explore different influencers before you choose some of the to follow. Read more below how we can help you making the first sort out.


I am a twitter user and want to follow great crypto people on twitter, how to find them?


Dont worry, we have already find the best crypto traders on twitter for you. Here, you will get a short introduction of the top 10 crypto traders to follow on twitter.


What about reddit? What are the best subbreddits to follow for a crypto trader?


Yes! We a have a guide for this! See our article about the best crypto trading subreddits .


I like to watch videos and I am a youtube fan. However, I dont know what crypto youtubers to follow.


No worries, there is a perfect article for you. See our article about top youtube channels for crypto technical analysis .


I like instagram, what crypto trading influencers can I follow?


Instagram is full of bad crypto trading accounts. There were a jungle when we tried to find some respectable accounts. We did summarize this effort in the article, top bitcoin traders on instagram .


I want great crypto trading blogs to follow, where can I find them?


First of all, we recommend our own page for crypto market news and information . Also, we have a blog post where we list the top crypto trading blogs .





So, let's see, what we have: 8 best exchanges to trade crypto with no fees (zero commission) best no-fee exchange for best no-fee exchange for best no-fee exchange for did you know the most popular at crypto trading reddit

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