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First Trade Walkthrough πΒ
First Trade Walkthrough πΒ
Making your first crypto trade can feel overwhelming β but it doesnβt have to be. This step-by-step guide will walk you through it from start to finish:
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Step 1: Choose an Exchange
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Step 1: Choose an Exchange
Pick a trusted platform like Binance, Coinbase, Kraken, KuCoin or OKX. Make sure itβs available in your country and supports the coinβΉοΈ you want to buy. Take a look our Crypto Exchange Setup Guide for more information on choosing the right exchangeβΉοΈ for your needs.
π§Ύ Step 2: Create & Verify Your Account
π§Ύ Step 2: Create & Verify Your Account
Sign up using your email and follow the KYCβΉοΈ (Know Your Customer) process. Youβll typically need to upload a valid photo ID.
π³ Step 3: Deposit Funds
π³ Step 3: Deposit Funds
Most exchanges allow you to deposit using a bank transfer, credit/debit card, or crypto. Start with a small amount in USD, EUR, or your local currency.
π Step 4: Select Your Trading Pair
π Step 4: Select Your Trading Pair
Want to buy ETH with USD? Search for the ETH/USD pair.
Want to trade BTC for USDT? Search for BTC/USDT.
Each pair shows the currency youβre buying and the one youβre spending.
π Step 5: Place Your Order
π Step 5: Place Your Order
Youβll typically have two options:
Market Order β Executes immediately at the best available price.
Limit Order β You set the price, and the order fills when the market reaches it.
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Step 6: Confirm the Trade
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Step 6: Confirm the Trade
Review your order details and confirm. The crypto should appear in your account shortly after execution.
π Step 7: Secure Your Funds
π Step 7: Secure Your Funds
For added safety, consider moving your crypto to a private walletβΉοΈ (hardware or software) that you control.
π Next Steps
π Next Steps
Take a look at the rest of the guides in our Getting Started series:
Read the guides in our Strategy series:Β
Also please make sure you read the following guides:Β
π Ready to trade? Sign up through our affiliate links for bonuses and discounts we've secured. You'll also be helping to support this site:
β οΈ Risk Warning: Crypto trading is risky. Never invest more than you can afford to lose. Always do your own research.
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