This article is to generally speak of how to fund an account anonymously with some crypto currency automated trading tip. I speak of languages including Python with recommend open source package.
Lets start talking about what I will be focusing on for the live/paid trading account I hope to profile. After a decent poll found in my facebook group , I have found it showed there is a focus 100% on crypto currency. As a result, I will explain how I will move forward.
Always remember Bitcoin was originally created as an ANONYMOUS crypto currency. As many regulators see the world going this way, their livelihood is threatened for tax revenue. As a result, they bring in this regulation and scaring exchanges by forcing them to know their customer. There are still different ways to fund an account anonymously which you can see below.
Remember the mentioned exchanges are unregulated which means your account is not protected from a government. Also, it can still get hacked internally nor should you think the recommended exchange can still scam you. If you read my stuff, lots of forex brokers can still scam you which means you always must go in with the amount you fund can quickly be lost.
You can always use CoinMarketCap.com as you source to see latest price changes of the crypto and volume changes of exchanges as well.
First let’s talk about exchanges:
BITMEX
This is pretty well the largest exchange out there which is more used for derivatives than smaller crypto currency trading. Ensure you aware of this. Leverage is available up into the hundreds but always remember of the risk if you are not aware of your strategy. Also note that you can fund an account anonymously at this point of writing. You can also only fund an account with Bitcoin.
BINANCE
This is another popular Japanese based exchange. As the government issued warning to regulate themselves,, Binance decided to look for a new friendlier home. Because of this, you must be wary of trusting this exchange. They also do have lots of different coins to trade from. It is popular to try your strategy on but many pros in my community choose this exchange their fave but this selection can change at any time because of regulation or creditworthy or even hacking news.
The Tech choices
All I can say is there are many choices of languages. My choice is Python since its capabilities are wide as compared to other web languages like PHP or Javascript. The CCXT is the only package I would go with since it is constantly update to the latest and popular exchanges. I have lots of tips for this package so click the link in this paragraph.
Using Black Boxes for robots in crypto currency
Personally, this is a stupid and lazy way to approach trading this asset class. When it is black box (or commercial or close sourced/proprietary), you are wasting your time and money. When things go well, you can do well but when this asset class drops off, you will quickly find how useless these software robots are. Also, keep in mind you cannot be lazy when trading this asset class especially around this type of software. I cannot stress the importantance of learning/doing it yourself in learning the programming to create your own robot. They can also be very limiting but you will have ultimate control over your programming which equals trading results. Please don’t ask me my option of this as this article clearly explains my theory.
Funding your crypto currency anonymously
As mentioned above, I feel funding an account anonymously is critical for various reasons mentioned above. You are entitled to your privacy if you ask me. Why do you think private coins like Monero and Z-Cash are getting so much development time? Think of these two will be the trail blazers as leading the next generation on slaught of crypto trading returns.
Do realize funding with Bitcoin is not cheap! You can expect to pay around 5% for the transaction. If you build a proper strategy that quickly becomes profitable, you can easily not worry about these fees but just consider them a cost of doing business. As mentioned before, you will need to go in with funding an account losing your entire balance. As a result, fund the in tiny amount you are willing to lose before going all in. This appears to be huge mistake with retail traders. As said, only going in with the mentality of losing this. This is no different than gambling with your local casino. This mentality will always protect your trading capital which is always the number one goal in trading!
My local thoughts
For me locally in Toronto, Canaduh, we have various ATMs you can use to fund your account. My local company is this https://localcoinatm.com. They charge about 6% for the transaction. From my understand on the instruction on the ATM, you will find it will need to scan a QR code onto your phone once you fund with cash. Once that is complete, you will need to find a secure Bitcoin wallet to transfer the Bitcoin to from your phone. These are the general instructions I know of but will clarify once completed.
I am only going to start with a $120 approx to to split the amounts to fund the exchanges above I mention. Do realize this is the starting process to get the crypto currency trading only. I am not trying to be a billionaire from this nor using tax avoidance. As said, I just don’t think my government needs to track me on testing crypto trading.
Hopefully this will help you get jumpstarted in this world. I also have an online course to get you started.
New course!! Building Python algo trading system with Bitcoin an crypto currency focus
NOTE I now post my
TRADING ALERTS into my personal
FACEBOOK ACCOUNT and
TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
