CryptoVisor

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.

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:

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:

Mobile Wallet

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: