The cryptocurrency market is the newest, hottest investment sector to hit the internet. The total value of all cryptocurrencies combined is equivalent to $500 billion USD (as of early 2018). Some financial experts believe that this is a bubble waiting to pop while others believe that cryptocurrencies are the future of money.
In this guide, we will look at three of the most popular ways to trade cryptocurrency – through using a wallet, an online platform or an exchange. We will also take a look at some of the main reasons for trading and owning cryptocurrency in 2018.
Cryptocurrency trading is the Forex (Foreign Exchange) of cryptocurrencies. This means that you are able to trade different cryptocurrencies like Bitcoin, Ether, Litecoin for USD. You don’t need to own a currency to trade it.
This guide will show you the best ways to trade cryptocurrency in 2018.
The Best Cryptocurrency Exchanges
The best exchanges can be called those that have a lot of trading volume. This makes it easier to buy or sell your coins without slippage.
The following list includes several such exchanges that we have reviewed and consider safe and reliable:
1) Binance: Supported pairs include BTC/BNC and ETH/BNC. This exchange is known for its fast transaction processing as well as its low trading fees (0.1%). They also offer their own coin – the Binance token (BNB). These factors make Binance one of the most popular exchanges on the market today.
2) Coinbase: Supported pairs include BTC/USD, ETH/USD, ETH/BTC, LTC/USD, and LTC/BTC. Coinbase is a US-based exchange founded by Brian Armstrong in 2012. It is considered by many to be one of the easiest exchanges for beginners to get started on due
I know it can be frustrating to jump in the market after hearing news of yet another Bitcoin price surge, or Ethereum reaching an all-time high, only to find out that you missed the boat by a few days (or even hours!).
The excitement and opportunity is understandable. And the good news is that there are many different ways to trade cryptocurrencies.
In this article I’ll share with you 3 of my favorite ways to trade cryptocurrency. I’ve been trading for several years now and this is how I make most of my profits these days.
Let’s jump straight into it.
Cryptocurrency trading is the Forex (Foreign Exchange) of cryptocurrencies. This means cryptocurrency traders buy and sell various types of cryptocurrencies with an aim to make profit.
There are several ways to trade cryptocurrency. The 3 most popular ways are through:
– Cryptocurrency exchange
– Margin trading on a cryptocurrency exchange
– Derivative contracts on a derivative exchange
The cryptocurrency market is one of the most volatile markets. If you are looking to trade cryptocurrencies, it is imperative that you learn how to identify trends and determine what a currency’s price will do in the future.
In this article, I will explain three different ways you can trade cryptocurrency. But before we dive into the different methods, let me quickly explain what cryptocurrency trading is.
Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors. Historically, the crypto market is more unpredictable and volatile.
Many people fail to appreciate the highly risky nature of trading in the crypto market. As such, they invest their hard-earned money into it hoping to make quick returns only to lose it all. If you want to earn money by trading crypto, you have to actually understand how it works. By studying charts and learning how crypto works, you too can master this potentially lucrative niche.
Now that you know how this industry works, let’s look at some of the ways you can trade cryptocurrencies:
The cryptocurrency boom has seen many investors make thousands, hundreds of thousands and even millions. But the question is: How do they do it? In this article, I will show you exactly how they trade cryptocurrency and how you can get started today.
Before I get started, I must say that although this article provides a detailed overview of how to trade cryptocurrency, I strongly suggest you practice on a demo account before trading with real money. The biggest risk when trading is you: click here for the trading mistakes to avoid.
Okay, enough about demo accounts; let’s dive into the real stuff!
The absolute best way to make long-term profits as a cryptocurrency trader is to understand price first and foremost. Cryptocurrency price action is the most important aspect of trading.
There are many other factors that contribute to your overall profitability as a crypto trader, but learning how to read and understand price action is an absolute must if you want to trade successfully in the long run.
One of the biggest problems new crypto traders have is fear of missing out (FOMO). The excitement around Bitcoin and other altcoins can be very overwhelming at times. You’ll find yourself getting sucked into “get rich quick” schemes or following the herd into something you know nothing about.
The most important thing you need to do in order to avoid this is a simple one – learn how to read and understand price action!