Coinbase is one of the world’s largest, most well-known cryptocurrency exchanges. Here you can easily buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and other popular cryptocurrencies. Below you will find a quick guide to getting started with Coinbase’s cryptocurrency trading.

Part 1 – How to create an account on Coinbase

Click on Coinbase.com and start creating an account, if you use this link you get (and I) Bitcoin for $ 10 free if you buy Bitcoin for more than $ 100.

1.1 How to create an account

When you click on the link to Coinbase you will see a screen like this. Fill in the information about you and click on “Sign up”

You must then verify your email, log in to your email and click on the link

When you have done this, you can log in to Coinbase to complete your account. Now all that remains is to add ID and payment options.

1.2 Verify ID on Coinbase

Before you can add payment options, you must verify your ID, click and select which ID type you want to use to identify yourself. Here you can choose between Pass and Driver’s license.

When you have selected the type of identification paper you get the choice of how you want to submit this, here you just take a picture of the front page and the back of the driver card:

Once you have submitted this it will take some time before you can confirm that the ID is valid. In my case, it took no more than 3 minutes. Once the ID is verified, you can proceed to add payment options

1.3 How to add payment options in Coinbase

Remember to fill in your address under “My profile” before proceeding to add payment options. Enter your profile and select “Payment Methods” and then click “Add Payment Method”

Payment options on Coinbase

Here you can choose between 2 different payment methods, either bank transfer or debit/credit card.

If you choose cards you can buy/sell immediately, bank transfer takes a little longer, but can be most beneficial for higher investments. Anyway, I would recommend you add a bank account so that it is ready for the day you want to withdraw money from Coinbase (see 1.4).

For card payment, fill in the card information in the form (note the fee for the purchase/sale of the cryptocurrency)

When you have finished clicking on “Next” and you are ready to buy Bitcoin (or any other listed crypto)!

If you are facing issues regarding depositing/withdrawing funds or have a coinbase pending purchase, you can simply Call Coinbase from the number listed in the link. 

1.4 How to withdraw money from Coinbase

When you sell Bitcoins or other cryptocurrencies at Coinbase, the money will be transferred to your account. It is therefore okay to set this up right away, as it takes some time to get it verified. Click on the “Add payment method” again and select bank transfer.

You will then receive information on verifying your bank account. You do this by sending a tiny foreign payment to Coinbase (Like 0.15 Euro) with the information provided (Remember your reference in the payment message). Once the bank account is registered, you can sell and withdraw the money from Coinbase to your bank account. The money will be in account 1-2 days after.

1.5 How to send Bitcoin to another wallet in Coinbase

You can also send Bitcoin to another wallet than in Coinbase (this is often recommended if you are to keep the cryptocurrency for a long time). You can do this easily by going to “Accounts” and clicking “Send” under the cryptocurrency you want to send.

Part 2 – How to Buy Bitcoin at Coinbase

This may be the world’s shortest guide on how to buy bitcoin because once the account is created and ready, it is the world’s smallest case to buy Bitcoin in Coinbase. Just click on “Buy/sell”, select cryptocurrency, payment method, amount, and click “Buy”.

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CoolWallet’s Package

CoolBit X spared no expense when designing a hardware wallet that will impress you from the moment its delivered to you. CoolWallet S comes in a spectacular black box. On the inside cover is a message for Michael Ou, the CEO, written in gold.

Besides the premium allure of the package, inside you get a full dose of essential functionality. Inside the box is a charging dock, a USB connector, a recovery card where you handwrite your unique seed phrase, a gracefully-designed logo sticker and finally the CoolWallet S.

CoolWallet’s Functionality

This isn’t your everyday credit card; but it looks like one- a really cool credit card. This is because CoolWallet S is an ultrathin hardware wallet designed for easy portability. It additionally comes with the ability to connect to other devices via Bluetooth or NFC technology.

CoolWallet is a product of an Indiegogo campaign started in 2014. It was conceived to offer users a new way of storing their cryptocurrency safely offline. The principle behind it is that cold storage i.e. offline storage offers more security for your electronic coins than online storage. Hackers could, for instance, circumvent all the security measures that blockchain offers, get into your account, steal of your bitcoins and leave you high and dry. Other unfortunate folks have been victims of malware attacks that left them with huge cryptocurrency losses. CoolWallet is thus a safe haven for your coins. This offline wallet can neither be hacked nor attacked by malware.

CoolWallet’s Design

The design of this wallet oozes a serious business vibe. It has a classy black and gold exterior that is completely waterproof. On its front, CoolWallet has a 24.6mm by 21.9mm display screen. The small screen displays a variety of important information including your seeds and passwords as well as the authorization to send funds out.

Below the display screen is a clickable, circular control button that performs various card operations. The button acts as a power-up button, command confirmation button and it also changes the cryptocurrency being displayed by your card. A discreet serial number is printed at the top of the back of the card. At the bottom of the card is another discrete text above which two charging pins are placed.

The Coolwallet card is waterproof, impact resistant, tamperproof and is resistant to both heat and cold. It can withstand flex up to a certain amount and will easily slip into your pocket wallet along with your other credit cards and IDs.

Coolwallet’s Usability

Setting up your wallet is as easy as ABC. The process is mobile-oriented so you need a device powered by either Android or iOS. Download the mobile application, install it and then pair your CoolWallet to your device via Bluetooth. You will be prompted to create your personal wallet. The wallet requires security seed with 12, 18 or 24 numbers whose sum is then added up and used to boost your security. It may take you quite some time to secure your wallet adequately using Coolwallet, but it’s all designed to make sure that your coins remain safe and secure.

After setting up the wallet, you can now withdraw or deposit coins to Coolwallet. The wallet sends your signed transactions strictly via the connected mobile device. It is never connected to the internet to maximize security. It also allows users to easily share wallet addresses and QR codes on social networks and other typical messaging services.

Verdict

Users have many options for hardware wallets, but clearly, none of them comes close to matching what Coolwallet S has to offer. Its professional design goes hand-in-hand with its flawless functionality and user-friendly mobile integration.

Useful Resources

Website
Telegram
Facebook
Twitter

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Binance is considered as one of the biggest hubs that allow people effective and smooth swapping of cryptocurrency. 

Binance has its very own cryptocurrency token termed as BNB and if the traders carry out their trade using this token then they can expect a hefty cost reduction from their transaction dues.

As a result of its policies, Binance can gather attraction from a wide variety of people and become the epitome when it comes to crypto dealing. 

The Binance ecosystem consists of three types of trading orders; 

1. Limit orders

If a limit order is to be implemented, then it would abide by the limit price provided by the trader. If for instance, a trader is looking to buy a cryptocurrency using a limit order, then he will set a maximum price limit he is willing to pay for that currency. As a result, they would be getting hold of their currency at that maximum price or a price lower than that. 

Similarly, if a trader is looking to sell any of his cryptocurrency then he will set a minimum price limit at which he is willing to let go of his possession. Hence, he would be able to sell his currency at that minimum price or a price more than that.

Limit orders provide traders a huge boost as they can provide them the opportunity to have extensive control over the price of their trade. This will help them immensely especially during the period of high fluctuation.

2. Market Orders

In a market order, you buy or sell any cryptocurrency on Binance at the best current price in the platform’s marketplace. It is known as one of the most dependable modes of trade as you can carry out effective trading in a fairly quick manner.

3. Stop-limit Orders

A stop-limit order is one in which the trade takes place over a limited period. With the attributes of both limit and stop this type of order helps traders in minimizing risks. A stop order allows traders to purchase or let go of their crypto possessions after the price has exceeded a certain standpoint. A limit order has been discussed in detail above. 

In this type of order, the stop order and a limit order combine to give traders the best experience in trading their currencies. When the stop price is reached then the stop order transforms into a limited order.

How to set up stop-limit orders?

Just like the name suggests, if you want to set up a stop-limit order then you will have to set up two price marks. They are the stop mark and the limit mark.

The stop mark is a certain price set from where a trade begins. Anything above this mark would act as a bonus for the trader.

The limit mark is considered as the price that is outside the boundary of the price set by the stop mark.

However, one of the key steps to execute a stop-limit order is the setting up of the period during which the trade could be carried out. Any trade carried out outside this span will not be considered as complete.

The main benefit of carrying out a stop-limit trade is the fact that it provides the trader an opportunity to have a clear cut command in terms of when the order could be carried out.

But, one straight up disadvantage of this sort of an order is the fact that the likelihood of trade to occur becomes low. For instance, if you want to sell your share of a cryptocurrency but if it fails to reach the stop mark in the required period then the trade cannot be carried out.

Several factors differentiate Binance from other platforms. 

First is the fact that this platform charges an extremely minimal fee for every proceeding that is carried out through it. 

Another thing is that it offers great liquidity. This means that its market is stable allowing its users to quickly get hold of or sell their cryptocurrencies.

Binance also offers the security of the highest level to its users making sure that their assets are well-protected against all hackers.

This platform also has the potential to carry out extremely fast trades. Recently, it was reported that Binance could operate close to one and a half million trades each second. A number that would require some beating!

When users are surveying different markets to invest, they look for markets that facilitate them to trade many currencies under one roof. With approximately 150 choices of cryptocurrencies to choose from, Binance offers a wide and diverse market for its users.

How does Binance facilitate startups?

Binance provides various crypto startups the opportunity to introduce their token in the market. These startups can use Binance as a stepping stone to gather funds for their token via Initial Coin Offering (ICO). This not only benefits the startup but the individuals who had invested can make some handsome profits by selling their share once the value has risen.

How to carry out trading on Binance?

We will analyze the complete process of trading on Binance one step at a time.

1. Sign Up

You will have to sign up on the platform using your email address and creating a password that would protect your account. By signing up you agree to Binance’s terms and conditions and proclaim that you are not blacklisted by any organization and are at minimum 18 years of age to carry out trading. Once you have filled all the pre-requisites and clicked register then your Binance account is eligible to begin trading

2. The depositing of funds

The depositing of funds involves can be done in two ways.

The first one is through a credit card. Binance has the ability which enables you to buy cryptocurrencies of your choice directly from Mastercard or Visa card. However, one drawback of this method is that it limits you to only buy Bitcoin, Ethereum and Litecoin. The platform is currently working to broaden this and allowing more crypto purchases from a credit card.

The second way is through a wallet. You will go to the funds tab and select the option of Balances. Here you will see a variety of cryptocurrencies on which you can trade. You can select the deposit button which will be beside the currency you want to trade on. After that, you simply have to copy and paste the address of your crypto wallet or scan the QR code and then transfer the required funds. 

In this depositing phase, you would be charged 3.5% of your total transferred amount with the least amount being $10. An ID check is also a very essential step in this phase where you will have to present any of your state-provided ID.

3. Trading

Once you have deposited in the funds then you can proceed and carry out effective trading of any cryptocurrency of your wish. In Binance you will see all the cryptocurrencies listed on which you can place your bet. When you have decided the cryptocurrency on which you will trade then you can click on it which will direct you to the page where the trading for this digital currency happens. It may take some time for you to get familiar with the interface of this page but once you gain some experience then you will be able to understand all the terms in it.

This page consists of several sections. The left section of this page is called the order book. Here you will see all the functioning limit orders which will be available for both buying and selling. The top portion of this order book will be red where all the limit sell orders will be available for sale. Similarly, the bottom portion of this order book will be green and will indicate all the limit buy orders that are present for purchasing.

The right section of this page also has two portions. The top portion of this section displays the other cryptocurrencies on offer which can be traded while the lower portion provides the trader with the trading that is going on in the market. Once you carry out a trade then your trading history will also appear here.

However, the center of this page is the most important component of this page as here the actual trade will take place. This is the place where you will decide what sort of order you want to place. If you want to purchase your crypto share at the market rate then you will proceed with a market order, this order will also increase the likelihood of the trade to happen. But if you want to purchase your share at a certain price then you will do so by carrying out either a limit order or stop-limit order.

If you want to check the position of your order, then you can also do so by going to the bottom of the page where there’s a feature “open order”. It will display all your orders in the past 24 hours until they have been carried out or denied.

If you wish to get rid of any of your cryptocurrency then you will do it by following the same procedure by just changing the market or limit buy order to market or limit sell order.

4. Drawing out your Funds

To sell you will have to go back to the Balances page. Here you will see the option of withdrawal next to your cryptocurrency. You will have to provide the address or the QR code of your wallet where you wish to send your withdrawn amount.

According to various reports, Binance is working towards creating a decentralized exchange but its current exchange platform is centralized. This is a major disadvantage of the platform as it makes it prone to threats such as the hacking of accounts. So, it is suggested that the traders quickly draw out their funds once they have sold their shares.

What is Margin Trading?

A margin trade is a trade where you take a loan from the third force and carry out your trade on the loaned amount and the amount you initially had. The concept of margin trade works in proportions. For instance, if a proportion is 100:1 for an exact one million dollar trade then to proceed with the trade you will have to pay a total price of $100,000 upfront. This amount is known as the margin amount. The remaining $900,000 will be loaned from the third force. As a result of this margin trade, you will be able to carry out a massive trade that is worth one million dollars.

If a margin trade works out, then it could do wonders for the trader. From the example we studied above, if we carried out a normal trade and made a profit of 10% then we would have ended up earning only $10,000. But if we chose margin trading and earned a profit of 10% then we would have made a hefty amount of $100,000! Excluding the interest rate on the loaned amount we would have taken home a minimum of $90,000. This is more than seven times the amount we could have received from normal trade. So, this is a massive plus point of the margin trading as it helps in elevating our trade to a scale unachievable by a normal trade. 

However, if we look from a pessimistic view then this advantage could turn into a disadvantage very quickly. What if we suffered a loss of 10%? If this occurred, then the traders would have lost money on the same scale they gained it when they made a profit of 10%.

How to carry out Margin Trading using Binance?

Like many platforms, Binance also facilitates margin trading. 

To carry margin trading through Binance you will head to your account dashboard. Here you will see the margin option. You will have to first create a margin trading account then you will be directed to a margin deal. You will have to comply with all the stipulations of this deal throughout your trading process. After this comes the shifting of funds. To shift funds, you will head over to the wallet tab where you will choose the margin option and click on transfer. Add the number of funds you want to shift as a result you will be able to shift funds from your normal Binance wallet to the Margin Trading wallet. 

Then you carry out the most essential function of this trade “loaning of funds”. You first choose the coin you are willing to loan and then the amount you want to loan. The Binance algorithm works on the 5:1 proportion. For instance, if you have 2 Bitcoins then you can loan out only 8 more. Now your margin trade is filled but you will have to pay back the amount you loaned as well as the rate of interest on it. 

To monitor the position of this trade you can head over to the wallet Balance page and choose the margin tab. On the right side of this page, you will also see a meter that will indicate your margin level. Its function is to tell you the level of risk on the amount you loaned.

Binance Futures

Binance futures allows the traders to up their antique and can select leverage up to 125x on all the trades they carry out in the future. This step will attract more and more traders to the platform. Thanks to the high leverage of Binance futures you can carry out a trade of 1 Bitcoin at just the partial amount of its original cost. As a result, you will be making a much higher profit.

However, in the same way as margin trading if you suffer a loss then it will also be of a scale similar to the profit. Hence, the bigger the trade bigger the risk of suffering a major setback.

But traders will not have to worry about this too much because one of Binance futures’ aim is to also provide the traders’ safety with their investment. You can use its stop-loss orders as well as its take-profit-limit orders to minimize the probability of suffering a loss.

How to be a successful trader on Binance?

Cryptocurrencies are definitely on the rise and with time, their worth is only expected to increase. But if you invest your money in this technology then it will be like any other investment you make. This means that it could go either way. You could end up earning great profits or failing miserably. But whatever the situation is it is important to make your decisions wisely and be patient. To be a successful trader on this platform you must invest your money on the right currency and follow all the necessary tips that assist you in earning great profits on Binance.

Important tips for trading on Binance

One issue that many traders have on Binance is with the transaction fee the platform charges. But if they know some hacks then they could end up paying very low or even zero fees. The first hack is to use either Gas coin or Neo coin. If you closely assess Binance’s marketplace then you will notice that these are the only two coins that charge you zero transaction fee. Another hack involves trading using the platform’s cryptocurrency BNB. Trading using BNB can help you save a lot of money as Binance provides a deduction in the transaction cost if you use BNB.

Crypto trading signals on Telegram

These are groups on the application telegram. These groups have traders who act upon the suggestions and views of the signal giver. This signal giver has the main authority over the group. Based on his signals the traders would either invest in currency or might not invest. So, it’s important to have an experienced and intelligent signal giver because his signals could either make or break a trader’s career. There are different ways through which this authority would predict the future of different currencies. He would have to carry out an in-depth inspection of the cryptocurrency and keep up with all the latest reports and advancements in that particular currency. Hence, a signal giver has a very difficult task in hand and it’s because of this reason they charge traders to be part of their telegram groups.

The Best Group for Crypto Trading Signals on Telegram

If you are looking for group that have the most experienced traders and provide you the best analysis on which cryptocurrency to buy, then guess what? You are at the right place!

You can join our free telegram groups or become a member of our VIP groups.

With our free telegram groups, you can get:

A complete guide to begin you trading career. You can also enjoy free signals, a complete market analysis and proven results from our pros.

You will also get a trailer as per how our VIP group looks like!

But if you take our VIP membership and become a member of our Paradise Family then you will get some huge benefits, these include:

1. Trading Signals every day!

As our Paradise Family VIP member, you will get trading signals every day. We will share with you our buy zone – that is where we are accumulating the coin, sell targets – where we are starting to sell our position and our stop loss in case the trade would turn against us, we are securing our money by tight stop loss. Low risk high reward strategy that is our day bread.

2. A Personal Coach

You will also get your own coach, who will be available 24/7 for you on chat or on phone. As our VIP member you will also get an 30 minute introduction call with one of our crypto experts.

3. VIP Chatroom

The Paradise Team and VIP members are here to help and share with each other. Join the Paradise Family Chat to enjoy one of the best crypto communities on the planet.

4. Friendly Customer Service

Our team is committed to delivering the best support for all your trading needs. My Crypto Paradise aims to set a new standard of excellence in Cryptocurrency Trading, your coach is always ready to answer all your questions on the chat or you can call him anytime!

5. Market Analysis

You will not have to sit in front of a PC 24 hours and be worried. Our Paradise Team will carry out an in-depth analysis of the market so that the signals we give are extremely valid. Every detail is checked closely and precisely which could affect the trend in a particular cryptocurrency.

Not only do we have highly experienced signal givers but they also know-how to carry their work out efficiently.

Our group is designed to provide signals for Binance, bitmex and bybit. We have 4 highly successful traders with an overall experience of 5 years in this field and we are aware of all the market updates that take place.

The popularity of our signals can be understood from the fact that every day hundreds of people join our groups so that we can provide them the correct information regarding where to trade.

So, what are you waiting for?

If you want to start your trading career but don’t know from where to begin or on which currency to invest, then become a member of our Paradise Family VIP to kickstart your trading career!

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