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How to protect yourself from BTC fluctuation

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by BlackBlasses, Feb 9, 2017.

  1. BlackBlasses

    BlackBlasses eat more eggs

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    How to protect yourself from BTC fluctuation

    Bitcoin's price is everything but stable. Here's a quick tip on how to avoid losing money on big down movements.

    This tip is for people who:
    • are not registered on any bitcoin exchange, because they can't/don't want to verify their IDs
    • use a lightweight wallet such as Electrum, for their trading needs

    POLONIEX introduction

    Poloniex is a cryptocurrency exchange that allows you to trade without ID verification.
    This means that you can simply send your bitcoins to your exchange address,
    trade your BTC for USD and you don't need to worry about price movements.

    https://www.poloniex.com/

    DEPOSIT

    [​IMG]

    Your funds will be added after just two confirmations.


    WITHDRAW

    [​IMG]


    Bitcoins will be sent within a few minutes

    It's easy =)




     
    Last edited: Feb 9, 2017
    LooneyToon and Wortel like this.
  2. Agnostic

    Agnostic Previously Know as 2007GoldMan
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    How to protect yourself from BTC fluctuation

    Have you tried GDAX for exchanging?
     
  3. BlackBlasses

    BlackBlasses eat more eggs

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    How to protect yourself from BTC fluctuation

    No, I haven't. Checked GDAX now, looks interesting.
     
  4. Agnostic

    Agnostic Previously Know as 2007GoldMan
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    How to protect yourself from BTC fluctuation

    Decent if you have a coinbase account, Poloniex has too many currencies for me, I'm out on it.
     
    jackthehackm8 likes this.
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