Crypto Trading

Crypto trading is actually very easy to do, it's similar to an auction sale - the object is to buy at a low price and sell at a higher price. Most sites have "coin pairs" which work similar to real money - one can have CAD or USD and buy or sell each for the other or Euro or GBP instead - depending which one has the best favorable prices. Coin pairs work the same way - one sells one coin for another and buys it back for a lower price to sell again or sells what they bought to buy a different coin. The object of course is to get more coins and then better priced ones that can be moved to a different exchange and be cashed out for real money. In a coin pair - the first item is the Base coin, the second item is the Quote coin. For example if you bought USD with CAD it would be CAD/USD - the first item is what you have - the second what you are buying or selling for.

Exbitron is probably the best and easiest site to use to start trading most cpu coins. After login check off the item that says "non-zero balances" that will show only wallets that have coin. Then pick the coin you have in a wallet, click it and a tab will show "markets". On the mining page - the example coin used was BUTK - it has four markets - DOGE, LTC, USDT and EXTO. We will pick BUTK/DOGE - that means you are selling BUTK to buy some DOGE. On the markets trading page it has a square of dots at the top right - pick classic view. The page will show recent trades which is not important, then a market chart, which is good for indicating price trends, to the right will be order book having the most recent prices to buy or sell. That item is important. On the right is where an order is placed, limit buy or limit sell. What this means is that a limit order does not fill unless the price indicated is reached and then it does that automatically. To buy or sell immediately you would click the last price, add a quantity and click place order. It's very rare that traders use market orders. We are using limit orders. To sell coin, click the last red number and it will fill in price, modify the price a tiny bit less - one or two points and place order. If you are buying, click the last green price add a tiny bit more and place order. Or you can pick any price you prefer. For quicker trading it's best to use the current market values. When an order is placed it will appear in a list under the chart. There it can be cancelled or a new additional order can be placed. To change markets easily the lower right corner has a search box - typing the coin you want into it only shows the markets for that coin. The menu, top right will show deposits, withdrawals, trade history, current orders and such for easy reference. When you have your orders made wait and check in periodically to see what orders have filled in the trade history. Then place new orders. Currently we can see that BUTK/DOGE is selling at 1985 and buying at 1100, that difference is the spread - a greater spread in a coin pair means for each sale you can buy much more. To easily understand the idea - ignore the decimal places and zeros then imagine that you sell an item at 19 dollars and buy it back at 11 dollars and have 8 dollars profit on each trade. Trading can be done in a few different ways - one can set higher and lower prices to profit more and wait longer to trade or use the current prices to trade often and frequently to build up coins faster. It might also be noted that trading usually gains more coins faster than mining will.

Coin trading is actually incredibly easy - it's only a matter of typing in numbers to place orders, keeping a recording system of trades made and selecting the best items to buy or sell. The actual depositing of coins from mining happens automatically and trading is also automatic using limit orders. Nearly all coin sites automatically use limit orders.

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