 Hey, what's up guys? So in this video, we're going to be talking about inter-crypto trading and I got my good friend Ethan once again with us and so we've been getting a lot of questions on how can people purchase and accumulate different cryptocurrencies and tokens and it is frustrating because for the most part it's kind of convoluted and complicated. Sure, it's also they get it's generally there are lots of descriptions out there about how to get into Bitcoin, let's say, but how do you get into some other kind of current there's so many choices out there too right? There are literally hundreds of cryptocurrencies that you can find. Some of my track was like 834. Oh my gosh. We're getting up there that's pretty high. But yeah, going from crypto to crypto can be a little bit convoluted and different so I think it would be pretty cool to describe to people some of the different options that exist. So once you once you get into the crypto economy you might be wondering well how do I get into let's say Dash as an example right? Dash is another cryptocurrency that exists alongside Bitcoin and several others in the cryptocurrency ecosystem so the way to get to Dash there you would trade Bitcoin for Dash and you have to find a platform that facilitates that. You could actually even find a private seller you could find somebody on the mysterious interwebs and and send them Bitcoin directly and they send you Dash or something like that you could find that you know practice your due diligence so that you're not just blindly trading with people and then you're sending them off a bunch of value and they run away with it that would really suck. But there are other options too like exchanges right so popular exchanges like Bitrex or PoloniX people have their different sorts of opinions about different exchanges and whether or not they work well. I know that for me at least PoloniX always seems to run into some hardware issues seems kind of slow. I'll tell you something with PoloniX. The customer service is horrendous and I hope they watch this and they realize they're going to upgrade their customer service staff. Number two how the warning methods for letting me know that something's going to disable this horrendous. So for actual respect for their customers and clientele's I give it a negative 10 out of 10. That is like a hardcore condemnation but whatever you think of PoloniX there are some things to be aware of right so first hardware issues customer service may not be up to snuff. Some people might not like how they treat their customers. Other things like PoloniX also or any exchange really can delist an asset without warning. So you could have cryptocurrency on an exchange and suddenly it gets frozen you can't withdraw you can't trade it nothing so you have to be aware of that and that's also one reason why you probably just don't want cryptocurrency on an exchange. If you have a cryptocurrency you should also have a digital currency wallet for that cryptocurrency so that you can keep it within your control so that you don't hand off control to somebody else. If you leave cryptocurrency on an exchange then that exchange controls your crypto you don't actually have it. I think that's an old piece of wisdom that's pretty relevant in the cryptocurrency space that it's worth repeating it bears repeating. Put it on a hard wallet you know there's a link below this video if you want to get one that I personally use or put on a paper wallet. Hell if some of them don't have the option for a hard wallet or paper wallet just put it on a standard hard drive. Sure anything that you control that's the idea is that you control your crypto. Other options though aside from exchanges where you deposit an asset and trade the asset for other assets aside from that there are some other cool options like change only which I haven't used myself personally haven't either now but it's a neat it's a neat concept and the idea is you can trade crypto for crypto there. One that I have used is shapeshift.io which I personally love I love that service. The great thing about a service like shapeshift is that you don't have to maintain that account. All you have to do is have digital wallet addresses that you control again about you controlling your crypto. So if you have a bitcoin address and a litecoin address you can go to a service like shapeshift you can send it bitcoin and it will send you litecoin but again no address or no accounts required no registration it's all very simple I think that's very compelling. Also shapeshift is prism that's coming up right yeah the reason why I like shapeshift there's a couple of reasons A the UX design is beautiful yeah right very intuitive very intuitive you don't have to register sign up as Ethan said all you got to do is say hey I want to switch bitcoin to maybe dash you put your bitcoin address in you say the amount I think the amounts like two to four thousand max yeah it depends on the method you use but it's like the minimum is something like fifty dollars or even less than that and I think it maxes out at anywhere from two to four thousand dollars depending on the method you're using yeah per transaction and then that's pretty instantaneously to do it within a couple of minutes which is awesome but another reason why I like shapeshift is there's two things A they have a solid team I mean really yeah you're talking about customer service yeah one of it's being bad customer service at shapeshift is like top tier top notch I love that Eric Voorhees which is like the CEO and the founder of shapeshift yeah and you got now the security specialist Michael Perklin I believe it is I can't remember Michael P I know it starts with a P so I won't butcher the last name but first thing's Michael one of the best in the industries and above all they just got series A funding from VCs ten million dollars plus so there there is for the long haul and as you mentioned they just released prism which I think for like the general public is going to be wonderful yeah google that and keep your eye on it pretty cool but just back to customer service with shapeshift there is one thing to be aware of is if your transaction suffers a hiccup which you can you're you're sending crypto assets to that exchange structure it does some auto magic stuff and send you back cryptocurrency sometimes that auto magic stuff can kind of have a hiccup so in that case you have to send a support take it in and ask them you know what's going on they'll typically refund you what you sent because somewhere somewhere along the line something happened that it didn't the exchange didn't take place whatever no system is perfect yeah but generally speaking as far again back to that customer service thing that's where I think shapeshift shines but that's one service among many there are many different services out there the idea is that once you get into crypto you should look at all the options that are out there for changing into other crypto yeah like for shapeshift it's just quick and easy you're not doing crazy amounts of volume but then you can do something like bitrex where you can go into fiat out of fiat hold it onto fiat on the actual exchange and the buying to different cryptos well bitrex bitrex is they don't have fiat specifically but they have fiat tether so exactly exactly and that's another thing to be aware of too is some of these exchanges don't have any fiat options right so shapeshift doesn't have any fiat yeah so we should have clarified so bitrex there's something fiat tether which is they represent the fiat value yeah and and that's complicated in its own way to change it yeah but anyway like I said lots of options there's so many options out there if you want to get into crypto and you're looking at diversifying your sort of exposure to different cryptocurrencies uh yeah all sorts of platforms we've mentioned a bunch of platforms here but there are all kinds of platforms that you can access to changing inter crypto exchanging that's really good awesome we'll keep it at that like always guys feel a comment or question leave it below this video and we'll talk to you peace