If you’re looking to Make Money from the crypto coin Basic Attention Token (BAT) then we have details on how to do that below, trading is much better than holding (or hodling as some say) as you can increase your investment sum as well as the value of that investment over time. So you can trade Basic Attention Token (BAT) and other coins too if you’d like and increase the balance that you have of that coin, all while the value of that coin increases too which means very big profits.
Trading Basic Attention Token (BAT)
So the best way to trade Basic Attention Token (BAT) is to follow these steps, we cover all that you need to know for trading Basic Attention Token (BAT) and other alt-coins so that you can make easy profits:
- There are a few different accounts that you are going to need to open those first, the first is Binance as this is where you will be trading your Basic Attention Token (BAT). Binance is easily the best crypto trading platform as it has by far the lowest fees, has the best coins and is also very easy to use.
- The second account is Coinbase, this is where you buy the initial Bitcoin (you trade in Bitcoin so use it to buy and sell Basic Attention Token (BAT)). We recommend that you start with a small amount while learning to trade but enough to cover several concurrent trades as you need those as you’ll never be 100% successful in all trades so you need a good amount to allow for the occasional one that goes bad (they’re not bad for long though as you just hold these until the price increases so that the bot can sell them), so we recommend $150 to cover this.
- Once you have bought some Bitcoin you simply need to send it to Binance so get your Bitcoin wallet address from Binance and then use that on Coinbase to send all of the Bitcoin to Binance.
- So once the funds have arrived you are ready to start trading, but in order to do that you are going to have to understand indicators as these are what are used to signal that a buy or sell is needed. The best thing to do is to go to TradingView and use the interactive chart for Basic Attention Token (BAT), have a look at the indicators for data like RSI, MACD, SMA, EMA and Bollinger Bands as these can all be used to signal your bot to buy (or sell). So the best thing to do is to simply play with those indicators and try to match them up to the highs and lows of the Basic Attention Token (BAT) price, so for example when the RSI is low the price is generally low or you can use crossovers for indicators like MACD, SMA or EMA as they usually indicate a price increase.
- So once you understand the indicators (just experimenting on TradingView is easily the best way to do that although there are lots of guides online) you are going to need a trading bot and by far the best is Profit Trailer. This is because it’s very fast and effective, most bots are slow and so miss opportunities or sell too late and so can ruin your trading business but Profit Trailer is so fast and effective so is easily the best choice. You will need to download the bot and run it and then set it up, you will need to enter your Binance API keys and then set up your settings (see the Profit Trailer Wiki for great information on that).
- So enter your settings and use the Wiki to understand them, use those that you have used on TradingView and that you can see work for Basic Attention Token (BAT) which means a very high chance of success. Even if you are only planning on trading the one coin (Basic Attention Token (BAT)) you still need to have several Basic Attention Token (BAT) positions open so be sure to use a percentage of your balance like 10% for each trade as not all will succeed (they will eventually but you will have to wait on the failures for the price to increase enough to sell again, which the bot automatically does), so having lots open means that most will succeed so you keep the trading going at all times which means more profit.
- You then need to have a selling strategy and Profit Trailer can use lots, we find though that a simple Gain amount with the trailing feature turned on is the most successful (so it will sell at likely the highest amount possible before the price falls back down). So if you are only trading Basic Attention Token (BAT) it’s much better to trade rather than hold, see Compound Daily for an idea of how you can grow your investment, at the same time as the price is generally increasing over time too so huge profits!
- To withdraw your profit you are going to have to transfer Bitcoin (or any other altcoin that Coinbase support) back to Coinbase and then transfer the funds to your bank account from Coinbase as Binance don’t allow you to withdraw to a bank account.
- Don’t withdraw all of your funds though, it is better to keep it growing and so withdraw a small amount like 20% per month so that the total investment grows and so do your profits.
- Lastly, don’t fall for any scams as there are so many in the crypto world, the companies mentioned here are 100% safe and that’s easily verifiable online as they are huge companies. If something sounds too good to be true, it is!
So that is how you can Make Money from Basic Attention Token (BAT) and make a lot of money doing so. Holding does just that, as the value of the coin increases you obviously make money, but if you are trading Basic Attention Token (BAT) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on Basic Attention Token (BAT) Trading
One more factor that you have to keep in mind is to find those coins which have a strong team of veteran users because they know how to correctly market the coin. A coin that is backed up by strong CEO and other members will perform 100 times better than a coin which is not created by veteran users. Research and study well from historical charts and trends before trading. As much as study of previous charts is important so is charting your own money course is to make rightful investment decisions. Alongside always make sure to stay updated on current news affair.In the industry of the cryptocurrency, the very first step into the cryptocurrency world will happen to take place as all the way through an exchange.
Binance has to be the top Crypto exchange as it has very low fees (especially if you pay with BNB) and they also have the best coins and a brilliant GUI. Alongside learning and understanding market trends, spend some time to familiarise oneself on the trading platform to get the heck of it. Availability of two-way authentication option, 2FA rises the security of your account.
Whether in for a short haul or long one
If you have enough patience, then you can wait for some time and earn with some of the amount. You can give a look around and check if anyone is ready to provide you with the service which you want to get. They carry out the instant delivery and are able to sell Bitcoin, Ethereum, Ripple, Litecoin, BCash, Cardano, Qtum and Ethereum Classic to almost all US States.
They carry out the instant delivery and are able to sell Bitcoin, Ethereum, Ripple, Litecoin, BCash, Cardano, Qtum and Ethereum Classic to almost all US States. This activity is called mining and the miners are rewarded with transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for different currencies, products, and services. Users can send and receive bitcoins for an optional transaction fee.
These coins have a very good reputation and won’t bleed too fast. Other coins can make you broke if you don’t keep close track on them. This will let the user or the beginner get some sort of encouragement to donate even more and more. All these processes were developed with the aim as to encourage people to give even much more money and help essential causes in which you much care about.
Email verification and encryption, for every transaction there will be an email sent to your ID to verify the transaction. The market loves those coins which can do something new and are not just ripping off BTC. BTC became famous because it was new at that time but now new coins just copy them which don't impress old users. Another foremost aspect to look out for while trading cryptocurrencies is not to back all the fund on a single form of cryptocurrency as you would not like to be in the unfortunate situation of undergoing losses.