Bittrex: An IntroductionsteemCreated with Sketch.

in cryptocurrency •  7 years ago 

Bittrex is a great platform for buying and selling cryptocurrencies. An easy way to make some money that isn't too complicated.

To get started you're going to need some Bitcoins and/or Etheriums.

You'll have to buy these online from any site, the one I use and recommend is Blockchain. Once in Bittrex you can use the coins you've bought to buy other cryptocurrencies.

First you'll need to enter the secrtion where it says ''wallet'' there you can change the ammount of Bitcoin or Etherium you wish to put into your account. After this, search the currency you want to buy and then put in however many bitcoins you're willing to put into it, i.e, 0.5 bitcoins. It'll then automatically work out how many coins or shares you'lle get in return.

It's important to remember, when buying you'll have 3 options: Last (the last price the coin was sold at), bid (the highest price someone is willing to buy it for) and ask (the lowest price someone is willing to sell it for). Go for the best ne and then there is another option you'll want to take a look at.

Good 'till cancelled: It stays on the order book until someone sells it to you in hopes that the price of the coin will fluctuate to the point you want it to.

Inmediate or cancel: You want to buy the cin right away.

Once you hit buy you'll get some green pop-ups saying 'submitting order' and it's all done. Afterwoods all you have to do is wait for the coins market value to rise and then you sell for profit. The selling process is pretty straight forward and the information from buying coins should be useful for this. If anyone has some questions, you can ask me in the comment section below.

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