Which cryptocurrency exchange is right for you? Tools to become successful

In the beginning there were limited choices on how you could buy cryptocurrency as well what coins were available. Since that time exchanges are abundant world wide with numerous choices and selections of cryptocurrency as well as payment methods.

Since being a california native this is the first that comes to mind! In 2017 coinbase made over $1 billion in profits due to that it was the go-to platfrom for people trying to link debt cards and bank accounts to enable customers to buy cryptocurrency directly. Although this is a simple way to get into the crypto space the fees were higher and the exchange had a few issues with delivering payments in a timely fashion. Even more so there transparency has been increasing with the IRS and Banking organizations. From my experience cashing out large amounts of cryptocurrency with this exchange can cause a delay or flag your bank account, so its best to do it in smaller amounts or go to another exchange. Coinbase also has limits to buying based different for each user and only offers 4 choices for cryptocurrency. To avoid fees and make higher profits using coinbase putting in a limit buy order on the GDAX trading site is the way to go. Here you can set all the exchange options for buy and sell to maximize profits.
Coinbase -https://www.coinbase.com/join/5a2214c5ee1b7300e5f18daa

Now if your more into buying altcoins this is a great platform you can pay lower transaction fees by trading with the binance coin option on. This exchange supports various staking coins as well. You can get referral commissions from the people you sign up.

By far my favorite exchange has a unique program that pays you in dividends if you hold kucoin shares. Long term this can be very useful to building up an altcoin investment portfolio. Kucoin also falls under the territorial tax law system so any earnings would be exempt.Binance - https://www.binance.com/?ref=18151211 Kucoin exchange -https://www.kucoin.com/#/?r=28Q6P

Trading in general is not as simple as a buy and hold strategy. Holding or Hodling is only effective when passive income from staking is in place. Tools like the bollinger bands and the stochastic oscillator help you determine great buy and sell points as well as how to predict how the market is going to perform. Stop loss combined with chart patterns helps minimize risk. Belonging to trading chat groups,have the app cryptosignals and in certain social media like tweeter as well as telegram can keep you in the loop when great opportunities arise.

Tab trader is an awesome app that links all your accounts from different exchanges to let you put orders in from your phone. This way you can also check the volatility of each coins performance on each exchange in real time.

Some exchanges that are also unique is bitfinex with its margin trading and Tokenmarket where you can trade cryptocurrency and tokens.