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Cryptocurrency Trading: A Beginner's Guide on How To Make Money from Bitcoin and Altcoins

NairaMan Forum / Business / Cryptocurrency Trading: A Beginner's Guide on How To Make Money from Bitcoin and Altcoins (4 Posts | 515 Views)

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Cryptocurrency Trading: A Beginner's Guide on How To Make Money from Bitcoin and Altcoins by nairaman(m) : 12:52 pm On Apr 19

Many of you have heard of cryptocurrency, and how one can make money from trading it, but don't know how to go about it. Here on this thread, we will be exposing you to the steps, methods, tools and strategies you can use to make some cash from the crypto boom.

WARNING: Crypto Trading is NOT a GET RICH QUICK scheme. You may make so much money within a long time, but invest wisely because there is also possibility of losing money.

First, let me introduce you to the concept and requirements.

I assume that you have a smartphone OR PC with good internet access. These are the basic requirements. If you have them, then, here are the things you will need for crypto trading.

1. A Bitcoin Wallet Account
This is your bank account as far as Crypto is concerned. It is where you store your bitcoin. Get a FREE bitcoin wallet account by clicking this link: https://blockchain.info/wallet/#/signup.

2. An Crypto Exchange Account
This is the account you will be using for the trading of bitcoin and altcoins. Get a FREE exchange account by clicking this link: https://www.binance.com/register.html?ref=10117622.

NEXT: How To Setup Your Binnance Account.

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Re: Cryptocurrency Trading: A Beginner's Guide on How To Make Money from Bitcoin and Altcoins by nairaman(m) : 9:49 am On Apr 20

If you are reading this now, I believe you have registered on Binance. If not, Click Here to Register on Binance Now.

So, now that you have registered, here is what you need to do right away:

1. Enable Google 2FA.
2. Deposit Cryptocurrency of choice (I recommend Bitcoin).
3. Trade alt coins of choice using “Basic Exchange” function.

I will explain each of these subsequently.

Re: Cryptocurrency Trading: A Beginner's Guide on How To Make Money from Bitcoin and Altcoins by nairaman(m) : 4:52 pm On Apr 25

If you want me to continue this thread, then, go to https://www.thebrokebackpacker.com/binance-review/

Re: Cryptocurrency Trading: A Beginner's Guide on How To Make Money from Bitcoin and Altcoins by Hennyforte(f) : 11:02 am On May 22

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