CryptoVisor

Your Concise Guide to Crypto Currency
Take the Fast LaneTeach Yourself Slowly

The upcoming 5 sections will walk you through the beginnings of using and trading cryptocurrencies like Bitcoin. Let’s get going!

Section 1:

Which Coins do You Want to Trade?

When it comes to trading, cryptos have similarities to stocks. There are stable coins like Bitcoin with relatively low volatility (means less profit, but also less loss if it goes the other way) and several altcoins with enormous volatility (huge profits possible, but also big losses). It’s a common practice to hold the biggest amount in a stable coin like Bitcoin and use it for trading other coins.

Section 2:

Choose Your Trading Platform

The trading platform is THE market place to exchange Bitcoin (or Ethereum) for basically any other crypto coin. For the purpose of just getting it or to trade it with profit.
These are the places to get Bitcoin or other cryptocurrencies with relatively low fees – see the column „fiat“ (fiat money = currencies like Dollar or Euro). On the respective exchanges you can exchange fiat money for cryptos.

Here’s concise information on a professional selection. Also, our personal favorites are marked.

Name
Coins
Liquidity
Trading Fee
Withdrawal Fee
Fiat
US-
residents
Link
Binance
146 coins
374 pairs
$885.584.570
0.1% maker
0.1% taker
0.0005 BTC
NO
YES
OKEX
163 coins
443 pairs
$1.068.510.802
0.1% maker
0.15% taker
(lower for VIP)
0.004 BTC
USD
wire transfer/
credit card
NO
CoinbasePro
14 coins
32 pairs
$116.868.724
0,3 % maker
0,0 % taker
free
USD/EUR/GBP
wire transfer
YES
Huobi
164 coins
376 pairs
$896.139.083
0.2%
(lower for VIP)
0.0001 BTC
NO
YES
Bittrex
226 coins
317 pairs
$54.702.657
0,25 % maker
0,25 % taker
0.001 BTC
USD/EUR/GBP
wire transfer
YES
Digifinex
60 coins
109 pairs
$1.041.784.785
0.2% per trade
0.0003 BTC
(vary by token)
NO
YES
Bitfinex
22 coins
70 pairs
$148.395.267
0.2 % taker
0.1 % maker
(lower for VIP)
0.0006 BTC
USD/EUR/
GBP/JPY
wire transfer
NO
BitMex
BTC only
P2P
$1.336.624.183
0.075% taker
-0.025% maker
0.000154 BTC
NO
NO
Cex.io
11 coins
35 pairs
$1.927.556
0,16 % maker
0,25 % taker
0.001 BTC
USD/EUR/GBP
credit card
wire transfer
SEPA transfer
YES

Source for ‚liquidity‘: https://coinmarketcap.com/rankings/exchanges @ 18.04.2019

Section 3:

Choose Your Charting Tool

If you really want to unleash the power of professional trading  we strongly suggest you make use of a professional charting tool. This will help you keep track of your portfolio, set alerts efficiently and do great technical analysis.

Here are our recommendations and our undefeated personal favorite:

Section 4:

Choose Your Mobile Charting/Alerts Application

You’ll also want to have an eye on your portfolio on the go. For this matter we’ve arranged a selection of mobile charting and/or alert tools which will make you live the easy life on the go.

Here are our recommendations and again our undefeated personal favorite:

Application
Benefits
OS
Price
Link
 Coinigy
-Connected to Coinigy
-mobile trading
-charting tool
-all in one
-exchange API integration
sync across multiple devices
-alerts & notifications
-Our absolute favorite
Android, iOS,
Chrome & Firefox Plugin
Web, Google sheets integration
included in your
Coinigy subscription!
 Delta
-clean look
-charting tool
-overall portfolio graph
-handles multiple portfolios
->200 exchanges & coins
-wallet integration
-exchange API integration
sync across multiple devices
-alerts & notifications
-detailed trading analysis
Android, iOS,
MacOS, Windows, Linux
~70 $/y
free version
available
 Blockfolio
-very popular
-candle stick charts
-overall portfolio graph
-price alerts
Android & iOS
free
 Coinstats
-exchange API integration
-wallet integration
-extensive coin details
-personalized news
-Web-version available
Android, iOS & Web
39,99 $/y

Section 5:

Choose Your Wallet – a Matter of Security

For security reasons you shall never leave more assets on an exchange than what you trade daily and/or are ready to lose without tears. Bigger amounts of cryptos should be stored in wallets, preferably cold storages like hardware wallets.

Here’s a brief comparison followed by a detailed info on the different wallets:

Hardware Wallet

  • Security 100% 100%
  • Durability 100% 100%
  • Handling 70% 70%
  • Price 90% 90%

Paper Wallet

  • Security 70% 70%
  • Durability 40% 40%
  • Handling 85% 85%
  • Price 0% 0%

Software Wallet

  • Security 40% 40%
  • Durability 70% 70%
  • Handling 90% 90%
  • Price 10% 10%

Mobile Wallet

  • Security 25% 25%
  • Durability 55% 55%
  • Handling 100% 100%
  • Price 10% 10%

Hardware Wallets – Our Personal Favorite for Your Security

Hardware Wallets come in the size of a USB stick or a credit card. Most of the time you need a computer or smartphone to use them. They’re designed to store the majority of your cryptos safely and are admittedly a bit circumstantial but thus quite unhackable.
Albeit unhackable, make sure to buy it from the official website! There have been reports of people having their money stolen after they bought a used wallet.
Here is our selection (some vendors offer different models) with links to the official websites to retrieve them safely:

Paper Wallets – A Matter of the Respective Blockchain

Paper Wallets are simply a sheet with your public crypto (i.e. Bitcoin) address, your strongly confidential private key (NEVER EVER give it anyone!  Under NO circumstances! This IS the access to your funds.) and maybe a QR code. Most people print it on an A4 paper, hence the term ‚paper wallet‘. You do get this piece of information when you create a wallet on the blockchain in question.
If you lose it, it’s irretrievable. If any unauthorized individual gets to read the information, your funds may be stolen. And don’t think you’ll be cool storing it in a digital note.

If you still decide to go for this option, we strongly suggest to get a CryptoSteel right here – for the sake of the safety of your funds! 

Software and Mobile Wallets – Convenient but Unsafe

We do not recommend the use of such for holding large funds. Briefly explained: your computer or phone running the software may always be compromised without you noticing and this is more than no fun when it comes to your monetary means.
Mobile Wallets come in handy, if you want to pay your latte on the go though.

Here are the ones we personally used for small sums:

Wallet
Coins
OS
Pros
Cons
Link
more than 60
Windows, Mac,
Linux, Android, iOS,
Chrome Extension
-solid & well-kown
-multi-platform
-multi-curreny
-relatively low security
-easy to be hacked
-bad support
more than 100
Windows, Mac,
Linux
-solid & well-kown
-multi-platform
-multi-curreny
-highest number of different coins
-easy to use
-great support
-popular among users
-relatively low security
-easy to be hacked
 MEW
Ethereum
ERC-20 tokens
Chrome Extension
& Web
-light weight
-relatively secure
-accessible from anywhere
-supports Ledger
-Ethereum only
-may be hacked

Section 6:
Crypto Courses

For those who are serious about their money and the journey of accumulating riches, our partners at Skill Incubator offer the best crypto courses available. In the following boxes you find the course to fit you – they’re structured in a way to walk you from the bottom to the top of trading. Every single one of the courses is held by successful professionals who breath crypto currency trading. Join us and enjoy the ride!

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Bitcoin Basics: How To Profit In The New Cryptocurrency Economy

The #1 beginners course to cover you on all the questions circling your mind. Learn the basics of trading and profiting from bitcoin and other cryptocurrencies.
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Do You Want to Deep Dive Into Crypto?