How to use HITBTC – HITBTC Tutorial


CryptoSlo cryptocurrency news and
investing
hey guys
Krypto slow here today we’re gonna do a
quick tutorial of how to buy and sell
coins on hit BTC a lot of people as your
get trading you want to buy some alt
coins and you just kind of grow out a
coin base when base is a good starting
point for getting your Bitcoin but then
you’re gonna move it to other exchanges
so that you have access to some of the
other alt coins so let’s kind of go
quickly over the system you got up here
and hit BTC after you log in the
exchange and this is your main view your
main view consists of this chart chart
area instruments which are your your
crypto currency coins your buy box sell
box troll box which where you see a lot
of spam and people buy this buy that
times of last sale and then whatever
current coin also known as instrument on
the system is selling and bind now if
you want to see your balances you click
on deposit so we’ll go over there so it
pulls up balances this is also your
wallet area this is where you would get
addresses to deposit and withdrawal
coins off of the system and then you can
also turn the zero balances on and off
and then there’s two really important
things to point out you have your
trading account which is the amount of
crypto in there and you have your main
account so a very important point you
can only trade with the coins that are
in your trading account and you’re like
well what’s the difference like if I
wanted access to this these ‘men arrows
this mineiro funds I would have to click
this arrow and move it from my main
account to my trading account otherwise
I would not have access to it so like
mine arrows like four hundred thirty
dollars today there’s 0.4 so let’s
figure that out
times like 440 whatever so there’s about
$160 worth of an arrow if I wanted that
hundred sixty dollars to trade I would
have to click this arrow it’s gonna do a
confirmation box down here and then I
would hit transfer then that those funds
would be available to trade so then also
the little gear that is your Settings
box and when you click on settings and
something to note hit BTC has a great
layout but it does crash quite often and
you know I haven’t had login problems
but whenever there’s a big frenzy on a
new hot coin it does seem to get a
little crazy but so far ultimately the
withdrawals and stuff always come back
so profile security security is where
you turn your two-factor on all that
monkey business and then they also have
the new let’s go back to they got a
report section and this is where you can
kind of see some of your profits and
losses not really super important but
you can check it out if you want that’s
not the main meat and potatoes of this
video so another cool thing is hit BTC
offers a night mode which changes your
color scheme it’s kind of cool day mode
night mode and how we talked how you had
a main balance and a trading balance so
up here it tells you the estimated value
of your account and then it tells you
the amount that you have that you can
trade at this moment so let’s say that
someone’s told you about a new hot coin
such as xbg aka verge we’ll go over to
bit screener one of my favorites will
type in Virg and we can see that it is
xvg okay it’s a great coins performed
really well and we’re going to bed
screen we’re gonna go down to number of
exchanges
we’re gonna click on that and we’re
gonna expand this and then now basically
this will show all of the available
markets that you can trade verge in now
something really important and this is
difficult to understand if you’re coming
from coinbase when you trade altcoins
you typically are trading out of a
Bitcoin or ether so as you can see we
have an exchange finance and it’s saying
that Bitcoin to Virg so basically you
would have to own Bitcoin to trade verge
on Finance we go down to hit BTC we can
see verge for Bitcoin so basically
you’re swapping coins for each other
you’re not using the USD fiat so now we
know based on the bit screener that we
can get Virg with BTC so how do you
figure that out on hit V PC let’s go
back to hit BTC the way you find it out
is you search for a coin in this box
called instruments so let’s look at XB g
and notice i am let’s start over here on
the BTC tab so we’re gonna type x VG so
if it didn’t exist in that market it
won’t show up down here okay now to
activate x VG over here see how it says
x RP that’s ripple and not x VG you
click it now look everything’s switched
to x VG my buy and sell box troll box is
nonspecific time and sale last the order
book thickness down here current best
asking and buy so something important
here you can also click on the ether tab
and what you’ll notice is xvg you can
buy it with ether as well I click on
that it loads the XV g2
ether up so what is that saying that is
saying that if I wanted to buy xvg right
now I would buy it using ether so I’m
trading ether for xvg and right now I
got three point three for ether in my
wallet
so let’s look down here at the selling
so you see a point
triple zero one nine nine eight so let’s
figure out how much that is so what we
do is we go over to bit screener or
wherever find out how much ether is
ether is 798 about 800 bucks
so we we know that they are asking point
zero zero zero one nine nine eight let’s
pull that up and point zero so you asked
how do you know how much you’re paying
for it well you have to calculate that’s
saying that it is Oh point zero zero
zero one nine six one ether equals one
share of xvg so in order to figure that
out we’re gonna take that number and
we’re gonna plug into the calculator and
then we’re gonna multiply it by the
current ether price puts us at about
sixteen point three cents that’s a
little pricey so up here in the buy box
you can do a limit order which you can
specify the price like if I wanted to
specify that and then my amount of
shares okay or you can do a market order
now keep in mind when you do a market
order it goes to the market and it pays
whatever price is on the table so you
want to be weary on that because you
know it you can get a bad price if you
don’t know what you’re doing basically
is what it comes to how to so be careful
in your market orders the advantage of
the market order is that if you feel you
have to get in right now then you know
it’s not too bad of a way to do
so selling point not one so this is the
current highest bid and that’s the
current highest best at sell so I hope
you enjoyed this video like I said
you’ve got your main screen you search
when you trade out when you want to get
something you always trade from BTC or
ether typically and this is your market
and then that’s how you know you’re
getting it and you’re swapping coins use
the buy and sell and that’s it that’s
hit BTC in a nutshell I’ll have some
more advanced tutorials coming in the
future
but thanks for watching be sure to
subscribe comment and like tripped-out
you

72 Comments

Add a Comment

Your email address will not be published. Required fields are marked *