How to Start Trading Crypto for Free - Part 2


Guess who´s back...back again...baby´s back...let´s go my friends.

Recap

In the previous article Part 1 I explained ho to Join Kucoin and where to earn the free crypto you require to start your first trading experience:

Part 1

How to start trading Crypto for free

If you did not read part one, you might wanna do that first.

Part 2

Assuming you read my previous article on Trading without investing this is a nice little follow-up with some practical tips regarding trading on Kucoin.

With this article, I am really directing my advice to those of you that wanted to start trading with real money, but can not or do not want to invest their savings.

So in my previous article, I explained how you can set up a Kucoin account and earn $10 or more from sites that will give you crypto for free which can be deposited on Kucoin.

Now let´s take it from there and assume you have $10. If that´s you....don´t even dream of becoming a crypto millionaire....just yet.

Whiners & Cry Babies

Secondly don´t tell me about your countries tax laws or the fact that you can not use Kucoin in the US. This approach works on any exchange, except you might only be able to send funds from one or two places I mentioned before.

Regarding Tax, nobody in the whole wide world cares if you are trading $10 dollars and do a 10X on that...except:

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Okay, now we got those whiners and cry babies to leave let´s get down to business.

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What are you gonna do with that $10?

Well just to ensure I do not skip a step let me explain what to do  first:

Sell that shit if you did not do so already.

Go to your assets:

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Select the Asset you want to sell (I will use KCS), all Assets that you are holding will show at the top.

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Once you clicked the Asset you want to sell, you will need to transfer it to your trading account.

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Select All to transfer all assets to your trading account.

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Now go to the Markets to start selling.

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Once you are on the market, look for the coin you transferred to your trading account (KCS in my example) and select the combination with USDT (KCS/USDT).

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Select Sell

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On the next page make sure it is set to sell...you don't want to buy anything just yet.

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Now select your prize and sell all of that shit....100% of it.

Select the first price in green, this is the highest outstanding buy-offer, and then click 100% to fill the amount you want to sell at the price you just selected.

Click Sell.

Pin

You will be prompted to set up a Pin, make it an easy one because you will frequently need it.

Now if the price and the volume are filled, click sell >use your pin and afterward check if your order is sold.

It might be that the highest buy-offer is gone and your sell-offer will now show as an open order. You can wait till it´s sold or cancel the order and sell again at the next best buying offer price.

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No worries about screwing up, if you by accident remove or add a 0 Kucoin will sell your assets at the highest price not at your typo price. Once it´s sold the USDT will be added to your trading account.

Click Assets, click trading account and there should be the USDT you made by selling your Free Crypto Asset.

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If you have more than one Asset repeat this till everything is sold and turned into USDT.

So now you should have about $10 in USDT and you can finally start buying that next 1000X....... WRONG

If it was that easy I would not be writing this article. Now comes the hard part, what Asset to buy.

This comes all down to Strategy and DYOR

So if you are lazy and are okay with building your fortune slowly the best thing to do is stick to the top 20 Altcoins, of course excluding stablecoins, and better to stay away from meme coins as well:

  • Ethereum (ETH)
  • Bitcoin (BTC)
  • XRP (XRP)
  • Stellar (XLM)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Neo (NEO)
  • Celsius (CEL)
  • Nano (NANO)
  • Chainlink (LINK)
  • Monero (XMR)
  • Litecoin (LTC)
  • Binance Coin (BNB)
  • NEM (XEM)
  • TRON (TRX)
  • Dash (DASH)
  • Zcash (ZEC)
  • Bitcoin Gold (BTG)
  • Bitcoin Cash (BCH)
  • Bitcoin SV (BSV)
  • EOS (EOS)
  • VeChain (VET)

Now, these are all considered steady projects...but you are looking for steady with volatility. BTC and ETH are the most steady with the least volatility so you can write those off. And then there are some projects that I personally would not choose, but that is a matter of opinion. Still, I would look at these:

  • XRP (XRP)
  • Stellar (XLM)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Neo (NEO)
  • Celsius (CEL)
  • Chainlink (LINK)
  • Monero (XMR)
  • Binance Coin (BNB)
  • NEM (XEM)
  • Bitcoin Cash (BCH)
  • VeChain (VET)

Now you are not looking at a 100X coin, not even a 10X coin. You are looking to make money to grow your portfolio. And that dear reader you do by using the market's volatility.  Crypto prices are very volatile, which means that a 10% change in price can happen very easily, and this is how I started to make my initial money.

DYOR

Do your research and check which of the above coin dropped the most in the last 24 hrs, buy that one and add 10% -15% when you sell it. Or split it 50/50 selling half at 10% and the other half at 15%. And split your risk and increase your fun by buying 2 or 3 coins.

Feel free to use a calculator at first to determine what 10 or 15% would be.

So let me show you an example because pictures speak louder than my thousands of words.

Use the search function to find the coin you want to buy make sure you select the USDT pair

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Click on the coin and select buy:

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Make sure Buy is selected and then select the lowest selling price.

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Select the number of coins you want to buy, it´s easier selecting a % from your funds like 25% or 50% but you can also just type a number and check the price.

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Now select buy, fill out your pin, and make sure it´s bought and not an open order.

Now as you can see the price I bought at is 0.75 cents and the plan is to use the volatility in the market to increase our $10. That´s why I am not aiming at long-term profit initially. So I will just add 10% to the price and put it up for sale. Feel free to use a calculator there is no shame in getting it right,

So 10% would be 7.5 cents and to include the fees I make it 8 cents. So I will put them up for sale at 0.83 cents. This would be following the same steps I described previously when you turned your free crypto into USDT.

The waiting game

Once you put them up for sale, that is when the waiting game starts

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The waiting game can take minutes, hours, days, weeks, months....that fully depends on the market. If it dips you can become an involuntary holder if you do not want to sell at a loss. But crypto is volatile, so what goes down, will go up...just hope that you are still around to see it happen-

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That is also why I suggest buying 2 or 3 coins, and not spending all your USDT in one go. Leave some to buy the dip (2 dollars would be my suggestion).

The advanced version

The advanced version is just slightly more difficult and the difference sits in the buying part. If you are aiming at a quicker sell and a slower buy I suggest the following.

Check the 24 hours high and low on the top right prior to going to the buy screen.

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In this example, you would see 0.76 cents at the high and 0.73 as the low.

Now, instead of buying the coin at the current price of 75 cents, you can input a price just above the 24 hr low so approx 0.739 cents. This means that your waiting game might take a bit longer as you are waiting on your buy first, and once bought you have to wait on your sell second. But especially after having sold some coins and doubling that 10 dollars, it might be worth a try.

The more risky variant

So once you played it safe for a while and doubled that initial 10 dollars you might use a bit of your profit to start buying coins that are so-called low-cap altcoins. These are a bit more volatile, so just be careful because volatility goes both ways and these projects have not proven their long-term value. But if you want some suggestions, these are my fav. low-cap moneymakers on Kucoin:

Umbrella Network (UMB)

Exeedme (XED)

e-Radix (EXRD)

Torum (XTM)

BENQI (QI)

Polkamarkets (POLK)

LTO Network (LTO)

Opulous (OPUL)

 

Now the last piece of advice be patient and do not get greedy

Really trust me on this, do not get greedy. Don´t look back and think about the profit you could have made. Take your 10% and maybe overtime do a 15%, but start with small profits. If you can flip a coin with 10% once every 2 days you will have an easy 3 dollar profit in your first month and probably get to 20 dollars by the end of your 2nd month.

Be Patient

In case the market crashes, which happened to my girlfriend, you have 3 options. Leave your open sell offers as they are and be very patient, the market will go up or your coin might just do a quick pump one day.

The other option is to sell them on a good day at a loss and start the 10% game again.

Or option three: Leave your open sales and make another $10 of free crypto with which you can play the 10% game.

Bottom Line

All this is of course no financial advice. It is just how I got started and might help to get you started, to learn a bit about trading, and to get your initial investment up a bit. Once you are comfortable trading you can try a million other strategies. But I used this strategy for a year and I did an easy 10X on my initial investment during that year.

So get your butts on Kucoin, and start earning $10 dollars using the following free crypto places:

Torum -https://www.torum.com/?referral_code=bitcoinbaby

NoiseCash - https://noise.cash/u/BitcoinBaby

ReadCash - https://read.cash/r/BitcoinBaby

Hive - https://hiveonboard.com/?ref=whywhy

Peaked - https://peakd.com/register?ref=whywhy 

Publish0x - https://www.publish0x.com?a=l9avg4xnbG

Cointiply - http://cointiply.com/r/x38da

Thanks for the read, enjoy the profit, hit the like button 👍 and have a lovely day.

 

 

 

Post Scriptum:

Exchanges where I trade Crypto (Affiliate Links):

BitVavo Exchange- European. Higher trading fees (0.25 %) & Great Customer Service - https://bitvavo.com/?a=C21A94C2FD

Kucoin Exchange - Hong Kong. Okay, trading fees (0.1 %) & Contains a lot of low cap gems. Customer Service takes time - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite

Bitmart - Global (USA allowed) Low, trading fees if you use BMX (0.025 %) & Contains a wide variety of coins - https://www.bitmart.com/en?r=7XFCVy

 

Places where I do Liquidity Mining and Staking  

Cake DeFi.  Here you have to invest $50 dollar and you get 30 dollars for free. You can withdraw your 50 dollars at any time or use them for Liquidity Mining, Staking, or lending to earn more DFI rewards. The 30 dollars is locked for 6 months but earning you interest for the 6 months. https://app.cakedefi.com/?ref=197670 

Celsius. Celsius Network provides a platform of curated services with fair interest, zero fees, and lightning-quick transactions. You can store your crypto and get rewards or lend crypto with low fees. Celsius has been around since 2017 and stated to always have the best interest of the community in mind. My experience so far has been good although I will not stake all my crypto with them...NYKNYC

https://celsiusnetwork.app.link/1046126043

 

Disclaimer

I do not have any connection with any company I am writing about. I am not being paid to write this article.

If you like my content, please hit like and subscribe. Because more Bitcoin baby Mistakes are coming......

Feel free to provide tips, comments, feedback, anything.....?
Remember that sharing will improve life in general!

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BitcoinBaby
BitcoinBaby

Little kids keep asking why.....as a Noob in the Big Bad Bitcoin world the same is happening to me as I try to figure how to survive. My Posts will take you through all the things happening in my mind since I got on the BTC Rocket into Crypto Universe


BitCoin Baby -  "Crypto is Fun"
BitCoin Baby - "Crypto is Fun"

I was given 3 Golden Rules by the friend that I referred to before , the one that got me hooked on the crypto. I wrote about two already: 1. Not your Keys Not your Coins 2. No Panic Sells Day 3 Rule number three Crypto is Fun. This will be the basis for many nice stories.

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