Trading is as simple as a traditional buy and sell which is done virtually. The idea is to always buy low and sell high. So, here's how it's done:
1. Convert your fiat currency (USD, PHP, JPY, EUR etc.) to bitcoin using exchange sites like Poloniex, Bittrex and BTC-E
Poloniex is a US-based exchanger that only allows you to deposit bitcoin (BTC)
BTC- E (btc-e.nz) is a Bulgaria-based exchanger that accepts three different fiat currency deposit- USD, EUR and RUR. After depositing your local currency, you can convert your money to bitcoin. Then from bitcoin you can to buy other Altcoins or alternative currency available in that exchanger
This is how to use BTC- E:
2, Go to Finances. You will different options like USD, EUR and RUR. If you live in other parts of the world, you can first convert your local currency into USD
3. Click on Deposit
4. Select a payment method: perfect money, moneypolo, ADV Cash, Capitalist, International wire transfer etc.
5. .Enter the amount and click deposit
6. Click the payment method you are going to use. Login to your account to confirm
7. Check your BTC-e account if the deposit is successful
8. To get bitcoin, click the cryptocurrency pair that you want. For example, you have RUR fund in your account, you can select BTC/RUR
9. Enter the amount of BTC that you want to buy
10. Click buy BTC
11. Check if your BTC reflects on the account
- In BTC-E, you can only buy BTC, LTC, NMC, PPC, DSH and ETH. The selections are limited. If you want to buy other altcoins, you can use bittrex or Poloniex
- You can transfer your BTC from BTC-E to Bittrex or Poloniex by clicking Widraw in your BTC-E account
- Copy your Bittrex or poloniex BTC address, amount for withdrawal and click withdraw
Hope that helps :)