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re: Official CryptoTalk Thread
Posted on 6/28/17 at 9:46 am to ithad2bme
Posted on 6/28/17 at 9:46 am to ithad2bme
New to the crypto game here and needing some info please folks. Forgive my ignorance. I'm sure the answers I'm looking for are somewhere in this thread but at 280 pages strong I don't have the fortitude to spend hours finding it.
So I've gone through the process of setting up my coinbase account and buying some ETH. I've also decided to go through Polo and successfully moved the ETH over to Polo.
Question 1: How in the heck do you buy alts with Polo? I see the "buy/sell/stop limit" boxes but they are locked, for lack of a better term. It says in the boxes the ETH is available, but it won't let me input any info to actually make an order.
Question 2: If I want to transfer back to USD (say, if I'm trying to wait out a market dip) do I need to bring the coins back to coinbase and transfer to USD, or is there a way to do that in Polo?
Question 3: Is this a decent way to manage a crypto portfolio or am I a complete noob and going about this all wrong? Want to get setup right and learn the ins and outs before I put any serious money in here. For now I've only got about $1k of 'play money' invested while trying to figure this all out, so I won't be devastated if Skynet ends up with all my $$$.
TIA
So I've gone through the process of setting up my coinbase account and buying some ETH. I've also decided to go through Polo and successfully moved the ETH over to Polo.
Question 1: How in the heck do you buy alts with Polo? I see the "buy/sell/stop limit" boxes but they are locked, for lack of a better term. It says in the boxes the ETH is available, but it won't let me input any info to actually make an order.
Question 2: If I want to transfer back to USD (say, if I'm trying to wait out a market dip) do I need to bring the coins back to coinbase and transfer to USD, or is there a way to do that in Polo?
Question 3: Is this a decent way to manage a crypto portfolio or am I a complete noob and going about this all wrong? Want to get setup right and learn the ins and outs before I put any serious money in here. For now I've only got about $1k of 'play money' invested while trying to figure this all out, so I won't be devastated if Skynet ends up with all my $$$.
TIA
This post was edited on 6/28/17 at 9:49 am
Posted on 6/28/17 at 9:54 am to Fe_Mike
1. Make sure you are trying to trade ETH/Altcoin. You may be trying to get an altcoin that can only be bought with Bitcoin (BTC). If this is the case, you must first convert to BTC and then convert to altcoin.
BTW, which alt are you interested in? Just curious.
2. You should be able to transfer to USDT. You cannot transfer USDT to your bank account, but it will essentially be the same volatility as USD.
3. The Blockfolio app is a decent app to manage your crpto portfolio. That's what I and others on here use.
Let me know if you need any clarifications on my answers.
BTW, which alt are you interested in? Just curious.
2. You should be able to transfer to USDT. You cannot transfer USDT to your bank account, but it will essentially be the same volatility as USD.
3. The Blockfolio app is a decent app to manage your crpto portfolio. That's what I and others on here use.
Let me know if you need any clarifications on my answers.
Posted on 6/28/17 at 9:56 am to Fe_Mike
Q1: sounds like a browser issue. youre signed in, correct? maybe switch browsers or restart your device. idk
Q2: polo trades in USDT, so you can keep your currency there while waiting for a dip (its essentially the same value as USD)
Q3: i think some people would recommend gdax over polo but if youre just into trading than what youre doing is correct
there is a probably a noob trading tutorial on youtube which could show you exactly waht to do if youre still concerned
Q2: polo trades in USDT, so you can keep your currency there while waiting for a dip (its essentially the same value as USD)
Q3: i think some people would recommend gdax over polo but if youre just into trading than what youre doing is correct
there is a probably a noob trading tutorial on youtube which could show you exactly waht to do if youre still concerned
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