ChatCoin Chat tokens are as from today available also on binance exchange. CHAT/BTC and CHAT/ETH trading pairs are available on Binance for trading.
this is the perfect example of a how anew coin price can fluctuate from 0.00048 to all the way down to 0.00005. Quite a difference won't you say?
OpenChat is an open source organization founded by Google former employees. The main definition of blockchain based chat protocol Bimp. In the traditional XMPP protocol adds a digital asset can be transmitted in each IM function. BeeChat will give its full support to all OpenChat projects.
BeeChat is a decentralized application that runs under the protocol framework provided by OpenChat. BeeChat uses financial incentives to bring other digital services and applications into the decentralized OpenChat ecosystem in the form of communications & wallets. The OpenChat Reward Engine will provide ChatCoin as a natural incentive for digital service providers. In addition to ensuring common ethics and legitimacy of content and transactions, the ecosystem does not impose any unnecessary restrictions or charges on monetization strategies, which in turn encourages new partners to join the initiative. BeeChat now has hundreds of millions of users around the world, and BeeChat is committed to providing full support for the development of OpenChat, and OpenChat will continue to conduct a full range of decentralized research using BeeChat's support.
but if you decided to get into crypto world, then binance exchange is one of the best platform to do that. it's easy to use, intuitive, cheap on fees, one of the fastest growing in as we speak, the biggest crypto exchange in the world.
There are many reasons for that one of them it would probably be that they have the best app exchange i've seen so far. their competitors doesn't even support mobiles and pads. guys, we are in 2018, afterall.
so you want to trade on binance
first you must have binance exchange account, you probably done that already, if not, click the link below in the comments of in the description of the video and sign up to the exchange.
as binance is one of the fastest growing exchanges, you might not always sign up, so hurry or check the link again in a few hours. one you done that, you should have so btc on the exchange, as pretty much all trading pairs are with bitcoin.
it's nice though if you have some bnb coins, to lower your trading fees.
to find a certain coin you just put the name of the coin in the search bar.
to trade chat on binance you must first login, when you're logged, in the section exchange just find the
coin that you want to trade. this is pretty new coin on binance exchange so the price is fluctuating, yesterady it was in red todays is in green, and so on and on.
don't worry about all the numbers, candles, and other stuff, at first it might be scarry, but you'll soon get used to it
in the secion left just put how much of rlc you want to buy and at what price. on the left you have red column which are guys
that wants to sell and below in the green section there are those who wants to buy.
if you want to buy immediately you should click on the first guy selling, and if the price doesn't jump, you'll soon be
a happy owner of chat coins. but if you have a feeling that price might go even lower, you can set your own price and your order will get in the waiting book.
if the price you've entered will be reached, you'll buy your coins at that price, but if not, your order will still be waiting in the open orders.
above open orders there are your history trades, where you can check at what price did you get a certain coin.
if everything went fine, you have your rlc coins, which you can later sell or hold, depends on your future plans.
if you want to sell, the story is the same as buying, on the left you have guys buying and selling and you also see for what price.
you can even sell just 25 or 50 or 75 percent of your newly acquired coins, and stash the rest for futures sells.
binance also has the advanced trading exchange where you can see the rest of the charts, like candlesticks, depth, where you can do even deeper research of the coins price. will it go up or low? advanced exchange can help you predict the price,but remember, nothing is certain in the crypto world.
so it's good to use stop loss. stop loss means that even though you bought a coin at certain higher price, you put a stop loss if the coin is in the dive, so you salvage atleast something that you invested.
good luck with the trading.