More helpful opinion on learning crypto currency trading with Bitcoin and blockchain technology

More comments from my Telegram group and social media  Thanks to all that contributed

I’m sure you receive all sorts of nonsense messages so just wanted to let you know that I hope to provide some info that you may find interesting (related to what you do), I was also hoping to gain a few nuggets of wisdom from your goodself . Initially I was going to talk about 1. ICO’s (Initial coin offerings) best and worst ICO investments over the last few years 2. Enigma (quantopian like platform for cryptos) 3. Some of the main players on social media – they usually have from a few thousand to 15000 in there groups, people listen to there tips 3 Why you may consider setting up a crypto specific room. One of the guys (Ian Balina) pulls in about 30k-40k a month just from patreon subscribers ! 4.A few other topics relating to info I’ve gathered in the last four months since I’ve dipped my toes into this new world. I’ve been fairly lucky with 500% ROI on each of the investments I’ve made on ICO’s . I only invested small amounts, some are investing 20k-50k at a time, others are holding losses of 50-80% (just to give you an idea the top 10 ICO’s in the last few years – ROI’s from approx 1700% to 110000% (yes 110k!). Others have tanked spectacularly. Look forward to discussing on telegram (If interested I can also organise an invite into the ICO planet room (currently 200+ members).

Kraken is very buggy for manual traders and many speculate people inside Kraken intentionally freeze up the trading to profit off of traders. They have lost some market share. There is a site that ranks all exchanges by volume.
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https://coinmarketcap.com/exchanges/volume/24-hour/

24 Hour Volume Rankings (Exchange) | CoinMarketCap
Trade volume rankings for all cryptocurrency…
COINMARKETCAP.COM
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If someone provides a large enough liquidity thru running bots on an exchange they can earn a rebate.

API – Coinigy, Professional Bitcoin & Cryptocurrency Trading Platform

Before I head back to work, http://coinmarketcap.com is a great resource, if you haven’t found it already. They also list the trading volumes for the various exchanges (https://coinmarketcap.com/exchanges/volume/24-hour/).

That’s what I found when I first got into crypto. There’s always a bad review somewhere. Did you catch my replies to your video earlier? I’m not sure if they got buried under the subsequent messages.

I think Coinbase is the only clear cut safe bet. They are like the Interactive Brokers of the crypto world, and regulated up to their eyeballs.

Hey Bryan, I’ve just watched your video. Here’s the link to the Bittrex API:

https://bittrex.com/home/api

I wouldn’t sweat the choice of exchange too much. Opening an account with a crypto-only exchange (Poloniex, Bittrex etc) literally takes 5 minutes since there’s little or no identification required. I have an account with around 10 different exchanges. My advice would be to just try a few different ones, look at the features, the UI etc and then decide. One thing that I haven’t mentioned is that crypto trading differs from FX trading in one important way; you need a margin account for short trades (much like with equities). On the other hand, all retail FX trading accounts have access to margin, so it’s worth bearing in mind. Bittrex don’t offer margin trading. The only reason I use them for my market making strategies is due to their enormous breadth of (rather illiquid) cryptos.

The commission fee is an important factor in the choice of exchange too. Bittrex’s is quite high (0.25% maker and taker), while I think Poloniex is a bit lower (0.15% maker and 0.25% taker). GDAX (for fiat to crypto and vice-versa) takes no commission, which is why you should never use Coinbase itself to do the transactions, but rather transfer it to GDAX and use limit orders.

I know it’s boring, but also make sure you have two-factor authentication enabled on all of your accounts.

With regards to how to withdraw your crypto to your hardware wallet, it’s no different than any other wallet. You have a hex address and/or QR code that you just ‘send’ the coins to. The comment on your video is correct in that the coins aren’t actually stored on the Trezor, but rather on the Blockchain. Whenever you make a transaction, you have to sign it with what’s called your “private key”. It is these private keys that are stored in the Trezor (or Ledger Nano S).

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