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<p><strong>Is it safe to store my funds on an online exchange?</strong></p>
<ul>
  <li><strong>&nbsp;</strong>Unless you have thousands of dollars in your portfolio, there's nothing to worry. If you have more than say $500 and you worry about losing them I'd suggest spread them across two exchanges (ex: Binance and Poloniex)</li>
</ul>
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<p><strong>I have thousands of dollars in crypto, should I store my funds on an online exchange?</strong></p>
<ul>
  <li><strong>&nbsp;</strong>Unless you want to trade in them you can buy a hardware walllet and transfer your funds into it. (ex: trezor). If you plan to trade in other coins frequently, you should have them on an online exchange or pay fees everytime you transfer your funds to and from your hardware wallet.</li>
</ul>
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<p><strong>I have plans for a long term investment in Bitcoins, and I do not want to(or simple do not know) store my coins on a hardware wallet.&nbsp;</strong></p>
<ul>
  <li>You can transfer your funds to a paper wallet(literally a piece of paper with your coin's private keys printed on it) and store the paper wallet in a secure place, away from damp, moisture and fire. To know more about paper wallets read:&nbsp;</li>
</ul>
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<p><strong>What online exchange should I use? Since there are many.</strong></p>
<ul>
  <li>&nbsp;Here are a list of most popular exchanges, log in to each one of them and use the one that is more user friendly from your perspective: Binance , Bittrex , Poloniex , Bitfinex(for advance users)&nbsp;</li>
  <li>For Indian users, You should probably transfer your funds to an international exchange to get the best rates and services. (ex: Buy BTC from zebpay or coinome and transfer them to these exchanges)</li>
</ul>
<p><strong>What is BId/ask option on every exchange?</strong></p>
<ul>
  <li>&nbsp;The bid price represents the maximum price that a buyer is willing to pay for a coin/security.</li>
  <li>&nbsp;The ask price represents the minimum price that a seller is willing to receive.&nbsp;</li>
  <li>A trade or transaction occurs after the buyer and seller agree on a price for the security.</li>
</ul>
<p><strong>How are fees decided on an exchange?</strong></p>
<ul>
  <li>Most of the exchanges decide trade fees on a price maker-taker model. You'll see something like this on the fee section of your exchange( fee: 0.1/0.3)</li>
  <li>&nbsp;A trade gets the ​taker​ fee if the trade order is matched immediately against an order already on the order book, which is ​removing liquidity​. A trade gets the ​maker​ fee if the trade order is not matched immediately against an order already on the order book, which is ​adding liquidity​.&nbsp;</li>
</ul>
<p><strong>What is limit-order and stop loss option on my trade tool box?</strong></p>
<ul>
  <li>&nbsp;A stop order is commonly used in a <a href="https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp">stop-loss strategy</a> where a trader enters a position but places an order to exit the position at a specified loss threshold. For example, if a trader buys a stock at $30 but wants to limit his or her losses by exiting at a price of $25, he or she enters a stop order to sell at $25. The stop order triggers if the stock falls to $25, at which point the trader's order becomes a market order and is executed at the next available bid. This means the order could fill lower than $25 or higher, depending on the next bid price.<br>
</li>
</ul>
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<p><strong>How do I know my coin's behavour if it's going up or down?</strong></p>
<ul>
  <li>Oh, Boy! If I knew this I'd be sitting with Mia khalifa right now.&nbsp;</li>
  <li>Try to read the chart.</li>
  <li>Analyse the buy/sell orders.</li>
  <li>Detect buy/sell wall</li>
  <li>Study technical analysis.</li>
  <li>Make a prediction.&nbsp;</li>
</ul>
<p>Things will not be true always but with your practice and experience, you shall learn. I know a lot of guys that do TA and call. Most of the time they're correct.&nbsp;</p>
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<p><strong>What are the other things that might help me in this cryptospace?</strong></p>
<ul>
  <li>Get into legit facebook groups and other forums where you meet like-minded people to discuss things.</li>
  <li>Read news related to crypto and Bitcoin.( Bitcoin is the sun, every crypto revolves around Bitcoin)</li>
  <li>Try trading on a piece of paper and see the number of times you pick up the right coin(if you're trying to short coin or be a day trader)</li>
  <li>Mobile apps like Blockfolio can help you track your portfolio on the go.&nbsp;</li>
  <li>Try to spread your Portfolio with 3-5 coins. Spreading more than that can prove to be risky as you need to keep a track of each coin you hold. <em>A hen never leaves her eggs unattended!</em></li>
  <li>Enable 2-factor authentication everywhere. On your email account too.&nbsp;</li>
</ul>
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<p><strong>Things that I should stay away from?</strong></p>
<ul>
  <li>Of course, lots of things in this space is harmful.</li>
  <li>Stay away from calls or anyone says xyz coin will go up.</li>
  <li>Stay away from unknown people texting you about crypto and especially when they're being over friendly.&nbsp;</li>
  <li>Stay away from pump and dump groups.</li>
  <li>Don't try to get into a running train, never run for a coin that is rising very quickly. Wait for it to stabilize.</li>
  <li>&nbsp;Using of torrents or downloading of any malicious application into your device where you trade your funds. Especially when you hold larger amounts.</li>
</ul>
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<p>Glossary :</p>
<p>HODL : Holding a coin for a longer period; basically ignoring the temporary fluctuations.</p>
<p>FOMO : Fear of missing out.</p>
<p>PnD : Pump and dump.</p>
<p>To the Moon : Price is rising.</p>
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