How to TRADE Crypto (FAST as a Complete Beginner!)

[00:01] to make your first crypto trade how to navigate a trading screen how to buy and exchanges time stamps for everything down below if you are new to crypto centralized exchange to trade on this is where you send your money you can trade

[00:14] it back to Fat currency and move it back into your bank account don't muck around with this just go for one of the top exchanges binance okx buybit crypto.com coinbase 99% of users are going to do great here depending on which country

[00:28] experience is one versus the other and they do have different trading fees as got videos on all of that and I'll link them all down in the description so you can see comparisons of feature sets and trading fees trading fees is the main

[00:41] paying cuz some are different than others but when you look at these they let you buy and sell crypto and the trading screens are pretty much exactly the same this is bybit this is binance right here and this is crypto.com

[00:55] exactly the same thing they let you buy and sell crypto so it doesn't matter fees are good and you have good Fe currency onramps in your region now I've link those down below in the description as well if you want some deposit and

[01:09] they will be linked Below in the description in order to go ahead and buy crypto we first need to transfer some theat currency into the exchange so that we have some value to swap into the crypto that we want to buy so all of

[01:21] once you've signed up for an account go to your wallet and it's going to show you a list of all of the assets that you can hold on the exchange so for for me right here you can see USD and if I also search for Euro you can see that right

[01:34] here so I've got these two options for f currencies that I can deposit and withdraw from the platform so if we search for USD I'm going to press want to do bank transfer and it's going to give me these options Euro via sepa

[01:47] USD via Swift so as long as I've got this option from my bank or a fintech app like wies or Revue or anything else you can transfer some value into the if you want to do this you'll have to do kyc on the exchange that means know your

[02:02] customer ID card passport and probably a proof of address as well they have to do using the top exchanges you know you're not going to worry about anything while once we've got some value on our exchange we can go ahead and trade that

[02:16] supported so we can come to the trade screen trade and then spot trading like exactly the same come to the spot trading screen and then choose the assets you want to trade they would all look like this with a chart right here

[02:31] sellers the price that they want to to trade and then we can input our orders right here with the buy and sell buttons and we can choose the exact amounts so what we want to do is we want

[02:44] to make sure that we're trading the pair that is appropriate for us so if you've deposited some euros onto the platform or some dollars or anything else you want to make sure that you're trading that against the crypto that you want to

[02:56] trade so in the top left hand corner we can search for it so let's say I want to trade some BTC what I can do is search for all of the trading pairs so what does Bitcoin trade against right here it tells me in the

[03:10] spot Market that's what we want to trade it trades against usdt usdc usde euros and this is a different one we won't worry about that so basically I can trade Bitcoin against these US dollar stable coins or the Euro now if you go

[03:25] stable coins or the Euro now if you go over to crypto.com that'll be USD usdt p USD lots of the stable coins right and it's going to change depending on your region so if you've deposited a fe currency you want to make sure you go

[03:37] ahead and choose the fair currency that you're using and the crypto that you press this you'll see that the price changes a little bit that's because I'm different trading pair which is Euro against Bitcoin what this means Bitcoin

[03:53] right here on the left hand side and Euros we are essentially saying how many euros does it take to buy one unit of Bitcoin and the price is Bitcoin and the price is 89,500 of course we can buy any fraction

[04:07] of a Bitcoin so we can spend €1 $50 doesn't matter we can trade any fraction but it's just the quote that we're getting so we know that for one BTC for one unit we have to spend this many euros and if I switch this to something

[04:21] like usdt which is a US dollar stable coin so it tracks the US dollar one for one so it's basically like trading with dollars I can go to BTC right here and I'm trading BTC against US dollars or US dollar tether and how many usds does it

[04:34] take to buy one unit BTC 94,3 more or less so that's what we need that we want to trade what we have to do now is tell the trading system exactly how we want to go ahead and trade so how much do we want to trade and what is the

[04:48] price that we're willing to trade at so we can come to the order book right here and see exactly what's happening in the market right now down here to the bottom these are buyers we call them bidders so they're bidding for bit coin in this

[05:00] example because we're trading the Bitcoin usdt trading pair these biders the price that they're willing to trade on the left hand side and then the trade at that price on the right hand side now this could be one or multiple

[05:15] buyers right here they're just clumped together at certain prices up here these amount of Bitcoin that they have and that they're willing to sell the price and the amount at that price now you can see it moves around a lot so what we can

[05:29] do is we can just make sure that we're buying or selling and then the price that we're willing to trade at we can enter that as well so what we can do you can see I've got $50 in here or 50 usdc we want to swap that for some BTC so

[05:42] what I want to do is go ahead and buy so I'm a buyer cuz we're trading the bitcoin's on the left hand side right you can see that right here so we want to buy that BTC most trading platforms will actually just give you this anyway

[05:54] so you can just be ultra sure you're buying right and then up here we want to choose the parameters of the order so what I'm going to do is I'm going to going to press this and what you can see is that the option to choose the price

[06:08] that I pay just disappeared a market order is an instruction to the system where you tell it how much that you want to pay and you don't care about the price so what all I can do is choose how much I spend right now so I've got usdc

[06:24] much I spend right now so I've got usdc and let's say I want to spend 20 usdc what I'm going to do when I press by BTC is it's going to go out into the market buyers and sellers and as soon as I press it's going to take my 20 usdc and

[06:38] it's going to go and buy at the best possible price which right now and is this one right here right so the lowest offer that's the cheapest Bitcoin I can buy and I'm going to buy that but you can see the price moves around and I

[06:52] paying because it's a market order and I'm not choosing that I'm just telling the system I've got $20 right here go and byy Bitcoin at the best price right now and you're going to get some sort of uh price you don't know exactly but

[07:05] you'll go ahead and buy it so let's press buy BTC confirm that's done okay so you just bought it immediately and you've got that BTC now and you can see right here that my 20 has been debited and I bought the Bitcoin Market orders

[07:18] professional to use limit orders and we can have more control over the trade choose limit right here and what we do now is choose the price that we're willing to trade at so what I'm going to do is put my order price in here with a

[07:32] limit of 93,000 what I'm telling the system now is that I'm a buyer enter my order right now I'm willing to pay 93,000 per one unit of BTC or if you get a better price than that that's great too my limit

[07:48] though is 93,000 and I can't pay above that so we're going to go ahead and buy this amount of uh Bitcoin right here $30 worth and it's going to work out $30 of value times you know $ 3,000 per one unit you can actually buy this fraction

[08:02] unit you can actually buy this fraction of a BTC buy BTC confirm and I haven't bought the Bitcoin the reason being the market right here is trading at 945 market right here is trading at 945 th000 per one unit my limit is 93,000 so

[08:16] I'm too cheap no one's going to sell me Bitcoin at 93 if the market is paying 94 A5 th000 so what we can see is that my order is in it's active or working you've got the parameters right here and the system will keep it there on the

[08:31] order book waiting for a seller to come in and match with my buyer so I'm a buyer at 93,000 or better if a seller comes in and matches I'll go ahead and trade however for right now I can't trade cuz I'm not near the market but I

[08:46] go ahead and see the details here you can edit them you can edit the price and the quantity or just on the right hand side you can cancel this order that's now I won't trade at all because I've

[08:59] go ahead and edit the order so if I actually enter an order of you know 96,000 as my limit well my limit now is 96,000 and the price in the market is 94 12,000 I'll trade straight away because the system says your limit is 96 I can

[09:15] immediately You're basically trading a market order at that point that is how you buy crypto either with a market or a limit order if you want to sell your just go over to the sell side so I'm going to sell and now I've got Bitcoin

[09:28] in my account that I want to sell so I'm going to choose my order price now in going to choose my order price now in usdc so 100,000 usdc per Bitcoin I want to sell at 100,000 quantity choose the quantity that you want to sell and go

[09:40] because this is opposite on the sales side I'm going to press sell BTC like this and you can see that my order won't trade cuz I want to sell at 100,000 the Market's only paying 94 so no one's going to buy my Bitcoin more expensive

[09:54] but it will be waiting for the price to get to 100,000 and I can automatically sell my b BC right there and that will swap from BTC into the other side of the trading pair on this occasion it is usdc but if you want to sell it back into a

[10:08] fat currency just make sure that you're trading the fiat currency pair that will withdraw it from the platform if you want to go down the trading and investing Rabbit Hole I highly recommend my 4-Hour trading course free on YouTube

[10:20] the deposit and trading bonuses to the exchanges I use will be down there as watching and I'll see you in the next one