How to sell ripple on kraken
Kraken Exchange Tutorial 2020 - Buy & Sell Bitcoin, Ethereum, XRP & other Cryptocurrencies
in the last video I showed you how to
sign up to breakin and in this video
I'll show you how to break an interface
to buy sell and trade Bitcoin TV room
and other cryptocurrencies the head over
to the website cracking calm sign-in and
hopefully you have already received your
verification email when you're on here
you can use your email address all right
here this if you haven't done a
two-factor authentication yet you have
the possibility to do that I might cover
this in another video right after you
signed in you've got the option here to
fund your account and also the third
option is secure your account when
you've got a lot of funding and your
account so it's relatively
straightforward how to proceed you can
fund the account in euro US dollars
Swiss francs and many other fiat
currencies so let's start with this so
from your account you click on fund and
as you can see here you've got them any
different here currencies you can use
and on the right side you've got the
height of the deposit or withdraw option
let's say you want to put some euros on
your account you can click on a deposit
and here and you will see the different
deposit methods that you have but for
example say power wire transfer eternal
custody and step again by a different
bank and this is first with customers
probably thirds US dollars onto your
account then it's a bit different for US
dollars on deposit and you would go
through the eight Hannah custody service
which is integrated with bacon and then
here you've got the reference number
that you will need to use with etana
and you will have to sign up and create
a neat an account for that and you can
click on trade as soon as you're on the
trade tab you've got three different
options for buying and selling and
you've got a simple
intermediate-advanced I go over the
simpler one first and in the simple one
you're only able to buy and sell Bitcoin
that's the XP T symbol here you can
choose if you want to buy and sell you
can put in the mountain for example 0.1
BTC and the current price is 7108 euro
and here you can select if you wanted to
perform a market or a limit order marker
orders basically at the
the best market price at the moment very
often it's little bit higher than the
current price because different
exchanges they put their own feet on top
of the price and if you select limit
order it's basically you wanting to buy
at a certain price so you can put the
Bitcoin price at the price a little bit
lower than the current price and when
the market dips and touches and reaches
your price and your order will be
fulfilled
the difference with limit and market
order is that with a market order you've
got a guaranteed price that if you buy
right now you're going to have the more
or less the price of Bitcoin at the
moment and with a limit order there's no
guarantee that your order will be
executed right now so there's also a
possibility that your order is not so a
food and oh if you put a price much
lower than the current market price and
as soon as you've done that let's say
you got a market price the current price
would be over 0.1 BTC would be a 711
euro what I could do is I could do a
limit and I could select the price at
the moment the the price of Bitcoin is
7110 euro and I could collect 7,000 and
maybe a 50 euro I would a 65 year or
less than a previous option now if the
intermediate time you've got a lot more
options here as well we've got the buy
and sell however here with the explicity
xbt and euro you can select different
trading pairs you've got many trading
tests the good thing about the
intermediate option you've got the
possibility to buy and sell other
cryptocurrencies and fiat currencies so
you can swap Bitcoin for a few room you
can swap Bitcoin for a katana or
etherium so you've also got the option
to sell and buy different fiat currency
so you got a lot more options a lot more
trading pairs available good buy and
sell here again is similar to before
you've got the man
you've got the other type market limit
orders which is I've seen and here
you've got another tab it's leveraged
trading what that means is basically you
can multiply the amount that you are
willing to trade by a certain factor and
that will be attitude
three times four times or five times
here in this case what that means in
simple terms if you're trading with
thousand US dollars a thousand euro and
you've got a factor of two leverage of
two that means you'll be trading with
two thousand euros and with five you
will be trading with five thousand euros
so you could by putting fastener on
account by Bitcoin or five thousand
euros I'll sell Bitcoin for five
thousand euros the main downside to
leverage trading is it's a lot more
risky and when the market goes against
your buying or selling price then you've
got a higher risk that your account gets
liquidated but basically if you buy
Bitcoin now at seven thousand one
hundred euro and you select leverage of
five and when you buy you'd expect the
price to go much higher however now if
the price would go lower to let's say
six thousand five hundred euro then it's
possible you don't have enough money to
cover your position and then your
position gets liquidated so you lose
your initial balance of a thousand
Europe so there's a lot higher risk and
if you do no trade no leverage trading
it doesn't really matter if the price
goes up or down that the value of what
you bought just goes up and down but
your position doesn't get liquidated it
might be a bit complicated I made a
short video explaining a margin trading
I'll link it down below
if you're interested in that so you have
this option with the start when you want
the trade to start you can select now at
a certain day you can select a custom
date when you want it to start and you
can also select when it gets expired
you've got goods under Canada's article
until you cancel the order
good for this day this week this month
and you can pay the fee and Bitcoin are
in Euro
now with the advanced so if you've got
you want to try and do some leverage
training though I do recommend
understanding and chart patterns and
reading chance before you start with
leverage trading as there's a much
higher risk involved so with the
advanced option here you've got a few
additional fields that you can fill out
you've got for example the limit price
where you can add and select a
percentage of the market price when it
dips below a certain percent or goes
above a set then you can also select a
conditional close however instead of the
advanced if you actually want to do some
advanced reading then that suggests to
go to Kraken pro where you've got a lot
more options such and as you can see the
chance and I'll go over them in a bit
first of all here when if we go through
the other menu items you've got the
prices you can see the prices of the
different cryptocurrencies that are
available to buy on breakn and here you
can go through the different prices the
trading volume for the last 24 hours and
the price on the right side of the
screen
Bogardus staking so with different coins
you've got the proof of stake protocol
that is
in that coin and that means when you
state that coin you will get a certain
dividend back and some exchanges offer
staking rewards and cracking is one of
them at the moment only coin that is
available so staking is it tells us with
a 6% annual yield and soon as Adam and -
bah at the moment it's only Tesla so if
you're interested in staking Tesla's
without all the hard work involved in
setting up a baller and finding your
staking pool and so on you can stake on
Regan
please be aware there's still risk
involved keeping your coins on an
exchange so you have to be aware of that
right now let's look at crack and pro on
what the interface looks like here it's
a lot more information on your screen it
might be confusing at the beginning but
I highly recommend understanding how the
pro version works of cracking because it
helps you get a much better buy and sell
price when trading cryptocurrencies you
do not have to become a day trader but
if you're trading with large amounts of
money then it's it's better to
understand how the charts work how to
read them a little bit they get a better
price when buying and trading
cryptocurrencies so let's quickly go
over the interface and I'll explain a
little the different options that you
have here so on the left side here
you've got the chart layout if you
haven't seen any chart so you're not
really familiar with them I suggest you
go to trading you and you can play
around and charts are more or less the
same on all the exchanges they've got
similar indicators they can learn about
those on trading you here on the left
side you see the BTC USD that's the
trading pair and you can select the
different trading pairs that you have
available that you want to trade and if
you click on one you will get the chart
layout of that trading pair right of
that you've got you've got the time
frame so at the moment is showing the
four hour time frame so each four hours
there's going to be a new candle and you
can change that for example one minute
you're gonna have a new candle each
minute or you can have a five minute
time frame or
our one day three days and one month so
you can see the progression of the
currency that you're looking at the last
few months last year's if you select the
one month though the one month for the
one week time frame sorry the one week
and frame below you've got the MACD and
you've got the the volume traded at the
moment in the middle of the screen
you've got the level two or the book and
here you can see the top part the red
numbers are basically traders that have
in their sell autos but they have not
been executed right now and at the
bottom of the green you've got traders
after in buy orders that have not been
executed at the moment and in the middle
of the screen you've got the current
price of Bitcoin s2 and price at the
moment and on the right side you've got
similar to what we saw before the
different options to buy and sell you
can select a type and a market market
order limit order set a position
stop loss and take profit we've also got
the options of leveraged trading as we
see now before the funds that are
available and how much you'd like to buy
in the current price instead of typing
the price and here you can also click on
one of these numbers and they will take
that price so for example you want to
sell at seven thousand eight hundred
ninety two US dollars you can click on
here and it will put that price on the
right-hand side of the screen and then
you can
though or by depending on what you want
to do so that was basically it for sure
introduction into into crack and showing
you how you can buy and sell
cryptocurrencies on crackin or you can
use the pro version of the crack and
interface please don't be discouraged by
the name Pro isn't you don't have to pay
anymore it's actually a lot cheaper to
buy and sell using the pro interface
it's a little bit more complicated at
the beginning but I highly recommend
that you learn about charts even if you
don't want to do some day trading if
even if you just want to buy and sell
for a longer period of time
understanding the charts in the market
cycles it's very important so that was
it for this video I'll catch you in the
next one maybe with another exchange or
maybe with trading new errors tips and
if you've got any suggestions you want
stuff that you would like to learn more
about then put them in the comments
below I read all the comments they're
very helpful for finding different
topics to talk about so yeah I'll stop
rambling out catching a Knicks wanna
wish you a great day okay
