Bitcoin 101 (Part 4) — sign up to a crypto exchange and start trading like a Boss
steemsilvergold·@thedamus·
0.000 HBDBitcoin 101 (Part 4) — sign up to a crypto exchange and start trading like a Boss
Yo Yo Mofos! I am forging ahead! Fuck the 22.5 hrs interval, and fuck worrying about getting comments and upvotes, and fuck worrying about anything else right now except showing my peeps how to sign up on a crypto exchange and begin trading like a Boss!!! Disclaimer: i hold no responsibility for your decisions nor behaviour, and i will *never* give financial advice. I will merely show you how to do it. Undoubtedly you will become privvy to some of my trades, but they are just examples of what it might look like. So, gird yer loins and pucker your sphinx — this is where the rubber meets the road. I have traded on numerous crypto platforms, and they all look and work differently, but they all do the same thing: they allow 24hr access to an array of crypto assets which you can trade against one another. You can deposit and withdraw whenever you want, and if you’re willing to provide credentials, you can get insanely high 24hr limits. But for right now we are just going to get you and account, or two. In my honest opinion, Binance is the best platform out there. It is fast, and cheap, and easy to use, and apparently safe!!! And, it’s in Mainland China, so like having an off-shore account that’s Waaaaaaaaay off-shore! If they ever decide to bolt, you will be fucked over 9 ways to Sunday, but this is true of this entire space — pretty exciting hey? Lofl! Out here beyond the perimeter there are no stars, out here we is stoned immaculate!  Here’s the link: https://www.binance.com/?ref=11531857 Binance works with e-mail verification, so i would suggest you use the e-mail account that “pings” on your phone. With that being said, you can do this all from your home computer too. In fact, i would advise setting this up on your home computer FIRST, and then using your phone as a remote device (so to speak). Now, make sure you have a pen and a clean sheet of paper. I would highly recommend, indeed insist, that you write down all of your info related to this account. So, e-mail associated with it, password, and any other info (like the password associated with the e-mail you are using). If you get bonked on the head you gotta’ have it all preserved! (...thedamus has a smoke and rox the JBL...) I’m not sure if there is a waiting period or not, but you should get preferential treatment since you signed up via @thedamus. Once you’re in your account you will see this. Here’s your account details:  And over here is the Exchange!!! Important note: for me at least, the “advanced” is actually easier to use and looks a lot better too. So just go here first... trust me said the spider! Also, take note of the other buttons up top on the bar: “Funds” you have none yet, “Orders” ditto, then some site related info... So, back to advanced setting: click it!   This is a live shot of EOS/BTC with a 15minute graph. Right where my finger is pointing is where you choose pairs e.g. ltc/btc or Steem/btc or what not... more on that in a minute. Here’s the live market action!  Trading against btc (in light green) and the calculated usd dollar value (in yellow). The numbers in red up top are the “asks,” which means this is how many, and at what price, EOS are available for purchase. The green numbers are what someone out there has “bid,” which means this is how many buyers are available, and at what price. Down here ⬇️ You will see the buy/sell boxes. This is where you plug in your order.  You will notice that i have 0.00001358 btc, which is fuck all, and 10.34 EOS So let’s do a sell! When i wanna’ push a trade through i will choose a number in the red to enter in the price box, when it’s really flying you may wanna’ put in a higher bid to make sure you catch a rocket — but also — and this is important — you can place a buy/sell wherever you want and walk away... if your number hits, you have either sold high — or bought cheap! So for example, i could decide i was gonna’ sell 2 Eos when it hits 20,123 Satoshi — so just plug it in!  Press “Sell” and the order is set.  Notice i have fewer EOS available to trade... what’s cool about this though, is that you can set yourself up for profit and then just walk away... maybe when yer out swillin’ beers later your trade will be executed! Let’s do a live trade now! I’m gonna’ sell 2 EOS at market!  You’ll notice i put a “higher” price in than current market. This is to explain a couple things. First, the platform will buy “up” to that price, but if there are cheaper coins avail it will buy those one’s first (when it’s really flying you can do a market order and still miss a rocket... the reverse is true to though. If ya’ wanna’ be a miser, you can set a “sell” a little higher than market and hope you pick up a little spike... So, boom! Those EOS are sold!  Now let’s go back up to the pairs...  Click it! In my case my “favourites” come up.  For you however, i would suggest clicking on “btc”  This means you will be buying coins with btc, and when you sell them, you will be selling back into btc. If you choose “eth” or “bnb” or “usdt” you will be using that currency as the trading pair — and this can get pretty confusing. So for now, just stick with the btc option.  And looky loo! Here is a live Steem market!!!  And down there in the “Buy Steem” box i have a little more btc from selling 2 EOS — so let’s buy some motherfucking Steem!  You will notice i clicked on the 100% box, which means i wanna’ blow all my btc, and also, because Steem is on the rise, i put in a slightly higher price so i can be sure i got them. Check it out, prices just went up!  Okay, now let’s gonto account and see what we can see:  Click on “open orders”  And there is the lone open trade: 2 EOS waiting for someone to pay 20,123 satoshi for them. Well, i don’t wanna’ wait, so,  And...  Alright, we’re flying!!! Now let’s go to “funds”  Here’s what’s in my binance account right now:  You will see the Steem i bought, and that i only have 8.34 EOS instead of 10.34... you will also see some ADA i have held for a while and some BNB which is the native coin of Binance. (If you hold Binance, which has performed well, and select for it in your accoubt page, then you only pay 50% fees, and you pay it in BNB so trades are left unmolested.) So, all ya’ gotta’ do now is get some bitcoin on your account... Oh yeah, and that pesky 2fa business... Let’s load it first! Go back up to “Funds”  Click on deposits. You will see this  Click the search and scroll down intil you find bitcoin. Click on btc and you will see this  Now click on the “show qr” button and Voilá!!! Here is the account’s unique btc deposit address  If anyone wants to support my work with btc then please send it here ✨😎👍✨ Anyway, this is what it will look like. So now go to your Jaxx wallet, or whatever you are using, and scan that shit (from btc wallet only).   The addy scans right in, and then i fucked around with amounts of btc to enter to make it a grand...  Pressed the button, and then confirm it   And it’s away... the tx has shown up as 0 confirms, so we gotta’ pause for a second...  But basically, what’s gonna’ happen is in about 10minutes, we are going to go back into my Binance account and see that there has been a btc funding. Good time for a tankard of the good stuff!  Okay, so a couple minutes has passed, i refresh my Binance account, go to funds/deposits and i can see that i am 1/2 confirmations...  (...i guess finishing that doob wouldn’t hurt anybody...and i did just put my Floyd library on shuffle...us...and them...) Okay, couple more mins (check out time stamps...) we’re 2/2, which means it’s just getting entered into the book. Anytime now 😁👍  And Kapow!  So now let’s go back to Funds/Balances  And there’s my bitcoin — and with bitcoin, you can buy whateverthefuck you want!  Note also, that i have clicked the “hide small balances” button. This just makes things a little cleaner, but you have the option to see the whole list of tokens here if you want. PHEW!!! That was a long mofuckah! If you’re still here reading then Thank you! I hope this post helps you to get going. I will be doing another asap, for livecoin.net (where the token DIG is available) but in the mean time, if you are so inclined, and wanna’ get a jump on it, sign up with livecoin.net with this link: https://livecoin.net/?from=Livecoin-eDg1NWRq Finally, there is a google 2fa app you may have to download and use, but this is a good thing! It is super easy and it protects you from getting hacked. I will judge in comments if this needs soecial attention. Please comment if you are having any difficulties with any of this and i will do my best to make it clear. ...okay, enough... my thumbs are smoking! Cheers! from @thedamus 🚀🚀🚀🚀🚀🚀🚀🚀🚀 
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