Getting Started

Below are instructions how to get started with cryptotrader.online. Do you like to know how it works, check the information in "How does it work?"

1

Step 1

Register at Bitstamp.net
2

Step 2

Create an API-key
3

Step 3

Transfer money to Bitstamp
4

Step 4

Register at Cryptotrader.online

Step 1: Register at bitstamp.net

To get started you need to create a free account on the Bitcoin exchange: https://www.bitstamp.net/

We advice to secure your account with Two-Factor Authentication (2FA). When you enable 2-Step Verification (also known as two-factor authentication), you add an extra layer of security to your account. You sign in with something you know (your password) and something you have (a code from a app on your phone which changes every 30 seconds). When a hacker wants to access your account they need to know the password and have physical access to your phone. This makes it very difficult for hackers to access your account.
We have good experiences with the Google Authenticator -and the Authy App for your smartphone. You money (USD) and your bitcoins will be stored in your bitstamp account so  you want to be sure that nobody else can access it.
To get started with your Bitstamp account, the account must be verified by Bitstamp. For this you need identity proof (passport) and proof of residence. On the Bitstamp website you can find detailed instructions. Make sure that you read those instructions very carefully. The verification process can take up to a week.
As soon as your account is verified you can continue with step 2.

Step 2: Create an API key

Cryptotrader.online needs an API key to be able to trade for you. You can create the API key yourself in your Bitstamp account:

– Login at Bitstamp in your account
– Go to the left menu -> security -> API access

–  Click on “New API key” -> You should then see the following screen:

 

– Do not fill in the filter fields

– Fill in your Two-factor (2FA) authentication code (from Google authenticator or Authy)

– Choose the associated account (only when you have created sub-accounts)

 

 

 

 

 

– Check only the fields below

 

 

 

 

 

 

 

Press the button “Generate Key”. Now your API-KEY and SECRET will be shown on the screen. Make a copy of your API-KEY and SECRET and paste them in a text editor (like Notepad). The SECRET will be shown only once and cannot be shown again later.

IMPORTANT: Click on the “Activate” API key button. You will receive an email from bitstamp with a confirmation link. Click on this link to activate your key.

Step 3: Transfer money to your bitstamp account

Before you can start trading with your Bitstamp account you must have US Dollars (USD). There are several methods: International Wire Transfer, EU bank (SEPA), Creditcard or deposit of Bitcoins.

 

Advice: Never invest more than you can miss. There are always risks.
International Wire Transfer
To transfer money with an international wire transfer follow the following steps:
  • Login in your bitstamp account
  • Click on “Deposit” at the top of the page
  • Click “International Bank”, you will now see the screen below
  • Fill in all the required fields and make sure that “U.S. dollar” is selected as account balance.
  • Click on deposit, you will now see the screen below
  • Use the information above to make an international wire transfer.
  • Make sure that you include the “Message Number” in the description

It takes 2 – 5 business days to credit your account. After you have received USD in your bitstamp account you can continue with step 4: Registration at Cryptotrader.online

Alternatives
EU bank (SEPA) transfer
When you have an European bank account you can use a free SEPA bank transfer. The procedure is equal to international wire transfer.
Credit Card
Follow the instructions at Bitstamp. After you have received USD in your bitstamp account you can continue with step 4: Registration at Cryptotrader.online
Deposit with Bitcoin
When you have Bitcoin you can transfer it to your account at Bitstamp and convert them immediate in USD.

Here are some tips where to buy bitcoins online. You can store these Bitcoins on your Bitcoin wallet on your smartphone. We would recommend the free Copay Bitcoin Wallet for iOS and the Mycelium wallet for Android. For larger amounts of Bitcoin we advice to use a more secure hardware wallet like Trezor or Ledger Nano S.

 

Transfer Bitcoins to bitstamp and convert them to USD
– Login at bitstamp
– Go to Deposit -> Bitcoins
– Go to Deposit Liquidation and make sure that US Dollars is selected
– Click on “Get New Address”
– Transfer your Bitcoins to the new address shown by scanning the QR code using the Bitcoin wallet on your smartphone.
As soon as the Bitcoins are transferred it takes 3 confirmations (~ 30 min) before you see the USD in your account. If everything went OK, your Bitcoins should have been converted directly to USD (see top of the screen)
ps If the bitcoin network is busy, it may take longer for the bitcoin to arrive. 

Important: Check if your Bitcoins are converted to USD

The trader can only start when there are USD in your account. You can check your BTC and USD balance on the top of the screen. You should have 0 BTC and some amount of USD. You can continue with step 4 if this is the case.

If there are still some BTC in your account you need to convert them to USD. This is how you can do that:

Choose the right market BTC/USD in the top left corner of your screen. Go to Buy / Sell -> click on Sell BTC to sell all your BTC into USD.

Normally this should take only a few moments. On the top of your screen you can see the balance. If everything went successfull BTC should be 0 and the full amount should be in USD.

Step 4: Registration at Cryptotrader.online

Go to the registration form and fill in the required fields.

As soon as we have received your registration we create an account at Cryptotrader.online and send you an email to get started.