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First time trader

Started by Marcell, November 02, 2017, 01:52:31 PM

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Marcell

Hi all,

First time crypto trader here. I've been checking out the massive booms in profits, but never dipped my toe in and want to start now. I've checked guides on how to get started but I'm confused and hope to get it cleared up here.

So I require a wallet right? I'm thinking of using Luno.
I then required an exchange? I'm thinking of Bittrex.

Is that pretty much it? I deposit the cash into Luno and then how do I trade it on Bittrex? Also, does Groestl offer an exchange for crypto to cash or how would I go about doing that?

Thanks!

jackielove4u


Marcell

I am from South Africa so I'll be converting Rands to crypto

jackielove4u

Quote from: Marcell on November 02, 2017, 06:31:41 PM
I am from South Africa so I'll be converting Rands to crypto
Buy btc
Purchase grs from bittrex.

Marcell

Quote from: jackielove4u on November 02, 2017, 10:28:28 PM
Quote from: Marcell on November 02, 2017, 06:31:41 PM
I am from South Africa so I'll be converting Rands to crypto
Buy btc
Purchase grs from bittrex.

Alright, it is as simple as it sounds. Can I convert from GRS to USD/Rand or must I convert it back to btc first then cash out?

jackielove4u

Quote from: Marcell on November 03, 2017, 12:31:20 PM
Quote from: jackielove4u on November 02, 2017, 10:28:28 PM
Quote from: Marcell on November 02, 2017, 06:31:41 PM
I am from South Africa so I'll be converting Rands to crypto
Buy btc
Purchase grs from bittrex.

Alright, it is as simple as it sounds. Can I convert from GRS to USD/Rand or must I convert it back to btc first then cash out?

Convert back to btc first and cash out

Marcell

Quote from: jackielove4u on November 02, 2017, 10:28:28 PM
Quote from: Marcell on November 02, 2017, 06:31:41 PM
I am from South Africa so I'll be converting Rands to crypto
Buy btc
Purchase grs from bittrex.

One more question, I have mined some GRS and placed it into the groestlcoin core wallet, how do I convert it from there to bitcoin in my Luno wallet? Through Bittrex I assume?

jackielove4u

Quote from: Marcell on November 07, 2017, 05:14:28 AM
Quote from: jackielove4u on November 02, 2017, 10:28:28 PM
Quote from: Marcell on November 02, 2017, 06:31:41 PM
I am from South Africa so I'll be converting Rands to crypto
Buy btc
Purchase grs from bittrex.

One more question, I have mined some GRS and placed it into the groestlcoin core wallet, how do I convert it from there to bitcoin in my Luno wallet? Through Bittrex I assume?
Yes