I'm starting to like what I'm reading here.
If this works, it could be a game changer indeed.
Poloniex, Bitfinex and other centralised exchanges better start getting their shit in order.
I'm sick and tired of all these lags and downtime.

https://cointelegraph.com/news/exchanges-ar...-will-change-it

Ouch, now you're hurting my feelings.
100 ETH is more than many people's annual salary, you know.
I need a minute now to wallow in self pity while contemplating why I didn't buy more when it was still at USD 15.

Poloniex and Bittrex are pretty good crypto to crypto exchanges, but they don't deal with Ringgit Malaysia.

Yup, that's my current strategy as well.
Just close my eyes and try not to get too excited with the recent crazy hikes.

Sounds like a plan.
Some of the altcoins are still quite profitable to mine.
Let us know how it goes.
I'm too lazy to start an ambitious project like that.

The most secure way to keep your cryptocurrency is using a hardware wallet.
But it also depends on how much you have, to justify the cost of buying a hardware wallet.
If you hold RM2000 worth of bitcoin or more, you should buy one.

Ringgit Malaysia 2000.
My Rule of 5, if your holding is more than 5 times the cost of a hardware wallet, then you should buy one.
But that's just my personal opinion.

Best investment decision of your life?

Now I have a problem that some of my coins like Monero are not supported by hardware wallets, so if I don't use Poloniex, I'll have to transfer them to another online exchange anyway, and the same problem might arise again.

As usual, a well written and clear guide.
Thanks very much for your time and effort to share this in a structured manner for the benefit of everyone here.

Yes, once you buy the coin, either through the instant buy function or the normal trade function, the coins are the same and they are credited into your platform account wallet in the same manner, there is no difference.
Instant just means that you don't have to wait for someone to match your buy offer price, and simply means you will be buying at the current sell offer price at that moment.

And if you want to buy 1 BTC but the lowest sell offer only has 0.2 BTC, that order will be filled first, then the system goes to the next lowest sell offer, fill that, and keep moving on until your whole buy order of 1 BTC is fulfilled.

You mean like a put option?

Yes, you're right.
And some people actually do that.
It's called arbitrage.
Sadly, it's not so easy for Malaysians to do that profitably, as there are no local exchanges that serve crypto-to-crypto exchange.

Hey I am trying to link my Ledger with MyEtherWallet to keep my ERC20 altcoins.
Getting more and more nervous that I have too much money kept on Poloniex.
How do I know which altcoins are ERC20 type?
Is there a complete list or something?
I tried to Google but don't seem to be able to find what I need.

Hmm...according to the link provided by WooTz, actually most of my coins are not ERC20 type......
Like Monero, for example.

Can I put all the different tokens into the same address?
Or is it advisable to split them up into different addresses?


This post has been edited by wengherng: May 27 2017, 04:10 PM

Unfortunately, at the moment, many types of tokens are not supported by hardware wallets.
What I am doing now is to put everything I can into hardware wallets......and those that I can't, I split them into multiple different online exchanges.
Not ideal, but I think I can live with that for now.

It's good to be cautious.
Anyway, I do have a number of coins that are not supported by both the hardware wallet and MEW, so my options are rather limited there.

I'm counting on it.
It's unsettling, looking at my balance now compared to two days back......but oh what the hell, I'm still more than 100% profit overall, so I guess I should be thankful.
My only complaint is that I have no more money to buy more right now!

Cryptos are already in such a huge discount right now, why worry about the little discounts that jack2 is unwilling to give you?
Buy!

Sign up with all of them if you're serious about doing this.
You'll need to keep track of the prices on each exchange, and manually do the transfers to the most profitable one, and sell there.
It's tough work......I'm just too lazy for that.

Just google for list of cryptocurrency exchanges.
Note that not all exchanges are created equal.
Some are inherently safer and more secure than others.

Personally, I would recommend the Ledger Nano S.

Yes, coin support is exactly why I recommend the Ledger.
I've not tried the Trezor so I have no comments on it.

Ah crap, I just realised the latest correction seems to have stopped already.
ETH back to USD 180.
Too quick!
Was hoping to get some on the cheap when my salary is out.
Slim chance now.