In today’s post I walk through how you can trade Cryptocurrencies on the Bittrex and Poloniex cryptocurrency exchanges. For people not familiar with Bittrex or Poloniex they are 2 of the most popular cryptocurrency exchanges that allows anyone to buy and sell Bitcoin and certain Altcoins. I say certain altcoins as some coins are only available on certain exchanges and that is one of the reasons I use more than one exchange. These are the 2 main cryptocurrency exchanges that I personally use when I am trading.
How to Trade on Bittrex
The best place to start in this review of Bittrex or I suppose tutorial of Bittrex is for you to check out my video below which does a full walk through of the platform and explains all aspects of buying and selling coins on the exchange. The account that I show only had a small amount of coins in it as if you are holding coins for the long term it is good to store them in an external wallet just in case anything ever happened to the exchange.
How to Trade on Poloniex
The video below will talk through how you can trade cryptocurrencies on Poloniex
I will build on this post and add in a detailed section soon with screenshots and steps on how to do everything I mentioned in the video but for now I am a bit tight on time and the video will have to do.
If you have any questions on my video or on trading cryptocurrencies in general just let me know in the comments below.
Also feel free to SHARE this post to help others who might benefit from learning how to trade on Bittrex and Poloniex.
Hey Paul, Great videos – why do you use both exchanges? Are there other exchanges to be looking at?
Not all coins are on one exchange but I mainly use Bittrex
Hi Paul will you be doing more videos on trading altcoins on bittrex?
Hey Frank, yes I have some planned just need to get the time to do them. Hopefully get some done in the next week or 2
Can one start with as low as 0.005btc ($77) and still make some decent profits as one builds up the account
Yes you can start with any amount. It will just take time and patience to build up your account
awesome thank paul