Setting up Crypto trading acc, page-66

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FreeYourself

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03/09/17

22:27

Post #: 26965275
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Originally posted by FreeYourself ↑

Hey mate, epic write up at the start of the thread, you deserve the heart. I started looking into crypto as a few non trading buddies asking me about it. I cant believe some of the moves and the charts are sexy. It only just clicked the past few days that they are actual companies, with goals and dreams etc.......sounds familiar.

Anwyay i have got my head around it all thanks largely to your posts and im gonna setup an encrypted USB with an Electrum wallet this arv.

So what are the fees and brokerage with trading crypto. Like I know ill get the wallet setup, get an account on BTC Markets, buy some ETH n BTC, transfer them to my wallet (whats the cost of that?) and then transfer some as needed or maybe like you said a static balance, to Bittrex/Poloniex/Bitfinex etc (whats the fees for that part?) and then trade those coins for the alt coins that are setting up etc. (is there a brokerage fee or exchange fee?) then do you just leave them in the exchange while youre in the trade or do you move them back to your wallet for safety (i guess for day trades n scalps obv leave in exchange) - is there another fee there? I understand that moving BTC around will incur mining fees but I have absolutely no idea about all the other fees n whether they add up or not.

When youre not trading do you withdraw all your coins to FIAT to remove yourself from the volatility of BTC or ETH?

Also any other tips or pointers for a spec hype trader in the big bad crypto world? Naturally ill be trading momo and hype setups based on TA n catalysts on very short term basis. Maybe once I have my head around it all a bit better and sus whats what Ill start to hold some coins MT-LT.

Cheers in advance and for all your input on here.

Ill donate a portion of my first win haha

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Haha dont worry, I have spent all weekend reading, learning and charting and I have answered all of this myself.
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