A few weeks ago I got interested in crypto trading and invested a $235. At beginning I loved the game of buying at a low price and selling at the high price made me to happy but was not as like what i thought. I made nearly 10 trades to get a profit of 15$ for a week, but within the end of the week the crypto bull starts to run and made me a loss of $25 from a single trade. Although i got some hope and started to trade but the thing happened vice versa. At last i ended up with the trading and moved my remaining amount into the steempower(which will be a great useful right now for me).
If anyone who is reading this post may be intrested in crypto trading so i am here give some of my tips which i feel really worthy. I use two cryptocurrency exchange to trade.
Each exchange has a one of the benefit of the other for example
- Binance offers low trading fee where Bittrex is 2.5* of binance.
- Binance had a big volume and wide range of tokens where bittrex not.
- Binance has faced a security breach where bittrex not yet hacked by anyone.
- Bittrex has a special stop-loss condition where binance did't have.
Let me show you what was the trick i used to play a game.
I prefers to use bittrex than binance only for this reason
When i use stop loss option to buy or sell anything in the binance it will look into the my wallet and then execute my order but in bittrex
When i clicked the buy button the order registered when the price meets the trigger price then the bittrex look into the wallet balance. This employs a greatest advantage. You can't need to place a single order and wait for the low price to buy. you can place a multiple buy order and executes when the first order reaches your order satisfaction. I found that this is the gem trick fond on the bittrex and i tried it many times and it made me happy and sad too. I will share what are the some disadvantages in this order to on my upcoming blog.