/NFG/ - Newfag General & QTDDTOT

Newfag General is for everyone new to crypto and for questions that don't deserve their own thread.

whatthefugishappening edition

>Guides

• Basic Terms you need to know: academy.binance.com/en/articles/12-terms-every-crypto-trader-should-know
• Full Guide to Markets & Trading: academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners
• Ways to store your crypto: investopedia.com/news/bitcoin-safe-storage-cold-wallet/


>What are the first steps towards becoming a Zig Forumsnessman and how to not be a complete retard

• Only invest what you can afford to lose
• Buy low, sell high
• Take profits if your investment is on a steep way up
• Always do your own research
• Learn basics of technical analysis
• Holding your coins is almost always more profitable than trading
• Lurk before posting
• Stick to the basic coins (BTC, ETH, LINK) before thinking about buying shitcoins
• Not your keys, not your wallet, not your coins
• Don't trade with leverage
• You can never leave


>Which Exchange do I pick?

• Recommended CEX - Centralized Exchange(s)

‣ Binance
+ Biggest CEX, great liquidity
+ Very wide range of tools and functions
+ Decent range of coins
+ Low fees
+ Lots of resources to learn
· Referral ID for lower fees: VFZQTCLB
| Only needs KYC if you trade with big amounts
- Range of tools confusing at the start


‣ Coinbase
+ Beginner friendly
+ Easy to use
+ Free Crypto with Coinbase Earn
| Can upgrade to Coinbase Pro for more functions
- KYC
- Works with Tax institutions (IRS etc.)
- Limited choices of coins

• Recommended DEX - Decentralized Exchange

‣ Uniswap
+ Biggest DEX, highest liquidity
+ Supports almost ALL ERC-20 Coins
+ Easy to use Interface
+ Uses your own wallet
- Only swaps your coins, almost no tools

__________________________________________________________________________________

I will be putting together a pastebin once we have enough questions/answers and contributions.

Attached: nfg.png (1509x741, 352K)

Other urls found in this thread:

coinbase.com/
twitter.com/NSFWRedditVideo

bump, thanks user!

How long does coinbase earn take to get accepted? I want to claim that shit before they shut it down

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newfags lurk more

OP is a faggot with 2.5k total in crypto who knows fucking nothing. Don't take his advice its all trash.

No problem fre

Invites got me accepted instantly, altough not sure if that's always the case, here's the pasta

XLM

coinbase.com/
earn/xlm
/invite/s0x5dkmp

XLM Answers:
1. A decentralized protocol that unites the worlds financial infrastructure
2. Facilitating low-cost, universal payments.
3. Transactions are fast, inexpensive, and global
4. To issue, exchange, and transfer tokens quickly and efficiently
5. It relies on the cooperation of trusted nodes to confirm transactions.

-----------------------------------------

EOS

coinbase.com/
earn/
eos/invite/vykfg6d1

EOS Answers:
1. A blockchain protocol for fast, scalable applications
2. Delegated proof of stake
3. Fast, free transfers
4. Stake EOS tokens
5. Upgradable smart contracts

-----------------------------------------

COMP

coinbase.com/
earn/comp/
invite/t9s3d5wb

COMP Answers:
1. Earning interest
2. Supply a crypto asset as collateral
3. COMP token holders

>t. 2018 newfag

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kek, it's all true, buying high and selling low is the true Zig Forums way

What websites or systems do people use to monitor coins live? Besides researching the coin itself, is there anyway I can interpret the graph to help predict which way it will go? I plan on getting a laptop and moving everything from my phone onto there, as well as getting a ledger. I want to take this more seriously, I feel like within the next 5 years there will be a massive switch/leaning towards crypto. I see it being the future and I want in.

exchange you trade on has tradingview charts most likely
>there anyway I can interpret the graph to help predict which way it will go
trendlines are only real indicator, rest of TA is bullshit
> I feel like within the next 5 years there will be a massive switch/leaning towards crypto
you're 5 years too late buddy

I keep getting fucked over by ID verification in fuck base/kraken/ binance, etc. What are some other ways to buy crypto? is cash by mail really for suckers?

They do have trading charts, but they arnt live.
>you're 5 years too late buddy
Better late than never I guess.

You can buy on changelly it offers multiple options and doesn't require KYC as far as I know, get a metamask wallet, buy your initial crypto and continue your trading with uniswap or changelly

Binance doesn't need KYC unless you want to trade with more than 2 BTC, took me some time to get my verification too but it was worth it imo

>you're 5 years too late buddy
meh

>but they arnt live.
where are you even trading, retard?
binance charts are all live, if you're trading on dexes than dextools

What’s the best way to buy crypto with usd without kyc in the US? For some reason Wyre doesn’t work for me.

>retard
>in a newfag general
Pic related is from kucoin. Something similar to this. I don't have binance, just exodus, kucoin, and coinbase. If binance has it, then ok, I just haven't used it yet so I didn't know.

Attached: Screenshot_20201126-103421_KuCoin.jpg (1080x2220, 367.36K)

>xrp
>phone trading
ngmi
use PC version of the site

unironically what is wrong with phonetrading
i don't own a computer and have no intention of doing so

not your wallet, not your coins

thanks

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hadn't thought of that, thanks

I dont trade on kucoin, I just use it to view charts. I'm still reading and learning about how to fully read charts, but I've done reading with stocks and I'm not sure if the same generally applies to crypto or not. I plan on buying a laptop because it will make everything easier. I just don't know if I just keep using kucoin or another website/program. If there's a better option, then I'll use it. I'm tired of using my phone, I feel like I would be better managed with a actual computer.

fyi trust wallet was swapped for a malicious app 3 times on google play for the past 2 years

I'm thinking of getting into ETHUP - now to profit on the pump, since we dumped lately - or just before 1st December when ETH 2.0 gets out. What are your thoughts, frens?

>Don't trade with leverage
I'm asking because ETFs might be an exception?

Attached: eth edit.png (2048x2048, 509.75K)

I won't tell you what to buy/sell since I don't have a magic crystal ball, but ETF's are definitely the best way to get exposure to leverage trading without losing everything

Much appreciated. I was considering them mainly because they're a low risk variant of actual leverage trading, for lack of a better word.
Thanks for the helpful thread!

Don't buy crypto. Go to /smg/

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Remember to set stop-losses and manage them accurately. I set one for LINK at $14.2 yesterday, really saved my ass.

yea, good one user, i forgot to set a stop loss for one of my buys and it really fucked my ass the last 48 hours

bump for newfrens

I want to buy crypto but fuck this ID shit.
What would be my spending limits if I don't want to show ID for a coinbase account?

Put £10 into Doge £10 into IOTA and £60 into CVP am I stupid?

Also some of the currency are just stagnant for me.