How to start trading BTC?

Useful Things!
  • Crypto Wallet - Wallets are used to hold your cryptocurrency coins. I will go over the importance of these wallets. 

  • Cryptocurrency Exchanges - Where you can trade your Bitcoin for other cryptocurrencies. Different exchanges offer different perks.

  • Portfolio Management - Helps keep track of your profits and losses on trades that you've made.

  • Trading Cryptocurrencies - How to begin trading and tools you can use to improve your success.

  • Securing Assets - I will show you ways to increase the security of your assets.

  • Helpful Resources - Keep track of crypto news, cryptocurrency rumors and more helpful tips.

What is a Cryptocurrency Wallet?

Crypto Wallet is very similar to a traditional bank account where you store your money, but with a crypto wallet, it basically stores digital funds (Cryptocurrency Coins). You can have a physical Crypto Wallet which is called a Cold Storage Wallet, which holds your crypto on a physical device. A Cold Storage Wallet is more secure than a crypto wallet application on a PC. 

For example, Ledger Nano S is the most commonly used at this point. Here you can browse other Cold Storage Wallet products that you may be interested in. 

Where can I get a Crypto Wallet?

There are plenty of Crypto Wallets available. Each Crypto Wallet has their own unique address. Ethereum Wallets can hold most ERC20 tokens. The most commonly used desktop application would be Exodus. Exodus is a great wallet that houses a ton of different coins. You can also use Exodus with the same account on multiple devices. I know this may sound like you have more chances of being hacked or stolen, but you also have more chances to move your funds in case you lose that device. This is completely up to you as this is your property and up to your own preference. 

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How to move funds between Wallets?

How to move funds between Wallets?

1. You will need to have BTC or ETH funds in your CoinBase Pro account. (If you have not signed up for an account you can do so by clicking on the image)

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2. From your CoinBase Pro account, you can send your BTC or ETH funds to another wallet address. If you have an Exodus Wallet, you can send it to your Exodus Wallet BTC address. For example purposes, I will guide you how to send BTC to your BTC Exodus Wallet. Be careful as BTC wallet address differs from other wallet addresses so sending BTC to an ETH wallet will have your funds in limbo and you will lose them.

3. Once you have selected BTC you will now see your current holdings. As you can see there is 0 BTC in my wallet address. 

4. Click on receive as shown in the picture below.

5. Once you click on receive, you will then see your BTC address. Copy and paste your Exodus Wallet BTC address.

6. Next, go back to your CoinBase Pro account and click on the send button and paste your address and set the amount of BTC you would like to send. 

7. Go back to your Exodus Wallet and wait a couple minutes and you'll see your funds in your Exodus Wallet!

Lets Begin TRADING!!!

From either your CoinBase Pro account or your Exodus Wallet, you can send BTC to a Crypto Exchange. Lets send some BTC to Binance!

From either your CoinBase Pro account or your Exodus Wallet, you can send BTC to a Crypto Exchange. Lets send some BTC to Binance!

Sign up for a Binance account by clicking on the image Below. Log into your Binance account.

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1. Once you logged into Binance, click on funds as shown below.

1. Once you logged into Binance, click on funds as shown below.

2. After you click on funds you'll notice you have more options to choose from. Click on deposits

2. After you click on funds you'll notice you have more options to choose from. Click on deposits

3. Click on the arrow pointing downward.

3. Click on the arrow pointing downward.

4. Type in BTC and select BTC from the results

4. Type in BTC and select BTC from the results

5. Once BTC is selected, you'll see your BTC Wallet address for the Bincance Exchange. Underlined is showing you the BTC Wallet address for your Binance account. Click Copy Address and lets head back to your CoinBase Pro account or your Exodus Wallet.

5. Once BTC is selected, you'll see your BTC Wallet address for the Binance Exchange. Underlined is showing you the BTC Wallet address for your Binance account. Click Copy Address and lets head back to your CoinBase Pro account or your Exodus Wallet.

6. Lets now paste that address in Exodus Wallet under the send option. 

6. Lets now paste that address in Exodus Wallet under the send option. 

7. Then enter the amount you want to send to Binance.

8. Then Click end right below and check your Binance BTC Wallet. Remember to be patient, transactions take a few.

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Telegram: @BentCrypto

Email: majicmancrypto@gmail.com