Happy New Year! Anyone currently speculating with cryptocurrencies? I wanted to sign up at Bittrex but they are not accepting new registrations. Bitfinex too has paused new registrations. I want to speculate this year, and I need someone to point me in the right direction. I can do the analysis on my own, but I need to know which exchange is the easiest to join as a Kenyan, easy to withdraw/load funds, has many currencies on offer and excellent liquidity. Basically, an exchange that is secure and wont make me jump through whoops to join as a Kenyan speculator.
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I do that with my forex broker. But it is traded as derivatives, no owning the real crypto currencies.
More brokers=more commissions to pay…and you still got to do the research either way. I like cutting out middlemen unless it is inevitable.
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well, go Bloomberg or whatever floats your boat. By the way I don’t pay commission only bid/ask spread.
I use CEX.io, a UK based platform.
Give it a try. Though you’ll need to validate your credentials by taking a photo showing your face + debit/credit card.
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So which cryptocurrencies are you digging for now
How liquid is it? Does it have many listed currencies?
Just buy btc then exchange on the wallet. I use exodus. I buy btc then convert it into another crypto. I don’t trust keeping NY money on exchanges.
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Interesting concept. Very impressed. Wacha niisomee kwanza. One question though, how many coins are available for trading?
Depends on the wallet. In my experience a wallet called coinomi (on the play store) has the most coins.
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I am focusing on Litecoin, Ethereum and Ripple. I am buying and holding.
August this year I bought 500 Litecoins at $48, know they are valued at $250.
I intend to buy atleast 100 coins for upcoming cryptocurrencies at their ICOs when they are cheap.
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They have a couple of currencies but they keep adding.
@Quanstrom kuja haraka. Your advice is needed.
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Is there any wallet that supports ripple? Coz hii ndio nataka kununua
Nope. You have to buy on an exchange
Shit!! Huezi own…
Here is a list of other Cryptocurrencies Exchanges which you could try:
[ul]
[li]Poloniex[/li][li]Kraken [/li][li]Exmo[/li][li]Changelly[/li][li]ShapeShift[/li][li]HitBTC[/li][li]BitStamp[/li][li]Binance (what I have been using, easy registration, but fewer coins compared to Bittrex)[/li][li]Gatecoin[/li][/ul]
(Courtesy: sites similar to Bittrex.com ). You could also use this link to compare various exchanges and what they offer ( How to Buy Bitcoin and Other Popular Cryptocurrency - CoinCentral )
All the best…
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For $500 you can get 0.0343759 BTC from https://localbitcoins.com , however from https://cex.io/buysell that would give you 0.o304 BTC… Just gotta do your research. 0.0036 is a lot of BTC to loose. What I often do is buy BTC then exchange it for other coins. I however use cryptonator though have read about cex.io an it has really good reviews.
Abt the coin to invest in, if I were to pick one that isn’t as volatile i’d say Ripple
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