{"id":652,"date":"2022-03-19T08:23:09","date_gmt":"2022-03-19T08:23:09","guid":{"rendered":"https:\/\/www.aurumxchange.com\/?p=652"},"modified":"2022-03-19T08:23:09","modified_gmt":"2022-03-19T08:23:09","slug":"how-to-buy-and-trade-cryptocurrency-5-must-know-tools","status":"publish","type":"post","link":"https:\/\/www.aurumxchange.com\/blog\/how-to-buy-and-trade-cryptocurrency-5-must-know-tools\/","title":{"rendered":"How to Buy and Trade Cryptocurrency \u2013 5 Must Know Tools"},"content":{"rendered":"<p><iframe width=\"100%\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/DbmX2Vsk7Is?autoplay=1&#038;mute=1\"><\/iframe>How to Buy and Trade Cryptocurrency \u2013 5 Must Know Tools<\/p>\n<p>So, you are finally looking to enter the cryptocurrency world and are wondering how to buy and trade cryptocurrency? But before you do, you need to know a few things. If you want to get started in trading cryptocurrencies, the first thing you will need is an online wallet and the second thing is a trading platform. Luckily there are many great ones out there that both serve as an online wallet and as a cryptocurrency exchange platform. Here is a list of five simple and easy-to-use tools that can help you be successful in the crypto world.<\/p>\n<p>Coinbase<\/p>\n<p>Coinbase is our top pick as it is one of the most well-known and trusted cryptocurrency exchanges currently on the market. It was founded in 2011 by Brian Armstrong and Fred Ehrsam, this exchange allows users to buy, sell and store cryptocurrencies such as Bitcoin, Ethereum, Litecoin and many others. One of the best features of this platform is that it offers insurance protection for all digital assets held on the site.<\/p>\n<p>In addition to being a digital wallet, Coinbase also offers some great features that make it easy for beginners to start trading cryptocurrencies such as its mobile app that allows users to buy and sell different currencies from anywhere in the<\/p>\n<p>There is so much information about cryptocurrency and the platforms to buy and trade cryptocurrency. This can be very overwhelming for some people and make them give up.<\/p>\n<p>This is why I wanted to create this blog post to help guide people through their journey. I will share with you 5 must know tools that can help you be successful in the crypto world.<\/p>\n<p>1. CoinMarketCap &#8211; CoinMarketCap is one of the most popular websites in the crypto community. It provides information about all the cryptocurrencies, coins and tokens in the market. They also have a very useful tool called Portfolio where you can see your portfolio and see how it&#8217;s performing over time.<\/p>\n<p>2. CryptoCompare &#8211; CryptoCompare is another useful website where you can find information about all of the cryptocurrencies, coins, and tokens in the market. They also have a very useful tool called Portfolio where you can see your portfolio and see how it&#8217;s performing over time.<\/p>\n<p>3. CoinTracking &#8211; CoinTracking is a very useful tool for tracking your trades on different exchanges and keeping track of your portfolio performance over time. And it&#8217;s free!<\/p>\n<p>4. Delta &#8211; Delta is another great app that allows you to keep track of your portfolio and see how it&#8217;s performing over time. It&#8217;s available for<\/p>\n<p>I\u2019m going to show you 5 must know tools that should make your life easier when buying and trading cryptocurrency. Whether you\u2019re new to crypto or a seasoned veteran, there is a tool for everyone here.<\/p>\n<p>So, let\u2019s get started!<\/p>\n<p>1. Coinmarketcap<\/p>\n<p>CoinMarketCap is the most popular way of checking the prices of all cryptocurrencies online. It has the most traffic, and is a very simple website to use. You can filter almost all coins in any price range, with any market cap, with any volume, etc. This makes it very easy to find the coins you are looking for.<\/p>\n<p>Coinmarketcap also has a lot of other features like showing you API access for each coin, historical data and much more.<\/p>\n<p>2. Blockfolio<\/p>\n<p>Blockfolio is an app that tracks all your crypto investments in one place. This means that you no longer have to keep track of everything on Google Spreadsheet or Excel sheet. The app lets you add coins manually by searching them up individually or even lets you import your trades from Binance and other exchanges by using their API integration feature.<\/p>\n<p>Before you start buying and selling cryptocurrencies, you need to understand that it is a world full of risks. It is a free market where the volatility of the price is high. If you are not careful, you will lose all your money. So, how do you make money in this market?<\/p>\n<p>There are three ways to make money in the cryptocurrency market: trading, mining, and investing. In this blog, we will discuss how to buy and trade cryptocurrency by using five important tools.<\/p>\n<p>1) Trading Chart<\/p>\n<p>The first tool that you should know about before you start trading is a trading chart. A trading chart is like a regular stock market price chart but for cryptocurrencies. It allows you to see the price of your chosen coin over time. You can use it to analyze trends and make predictions about what will happen next in the market.<\/p>\n<p>2) Trading Platform<\/p>\n<p>The second tool that every trader needs is a trading platform. A good trading platform allows traders to place orders directly from their phone or computer without having to be at their desk all day long waiting for a trade opportunity to come along. Some of the best platforms include Binance, Coinbase Pro (formerly GDAX), Bitfinex, Kraken, Poloniex, and Bittrex.<\/p>\n<p>3<\/p>\n<p>Cryptocurrency is a digital currency that uses cryptography for security and anti-counterfeiting measures. We all have a vague idea of what cryptocurrency is, how it works, and its benefits. But, how many times have we actually thought about owning some? None? Well, here is your chance!<\/p>\n<p>Here are 5 tools you can use to buy and trade cryptocurrency.<\/p>\n<p>1. Coinbase<\/p>\n<p>Coinbase is one of the most popular ways to buy and sell cryptocurrencies. It is also the world\u2019s largest Bitcoin broker, and operates exchanges of Bitcoin, Ethereum, Litecoin, and other digital assets with fiat currencies in 32 countries, and Bitcoin transactions in 190 countries worldwide.<\/p>\n<p>2. Bitfinex<\/p>\n<p>Bitfinex is a Hong Kong-based cryptocurrency trading platform that provides advanced services for digital currency traders and liquidity providers. The company was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex was hacked in August 2016 but has recovered considerably since then.<\/p>\n<p>3. Bittrex<\/p>\n<p>Bittrex is another crypto exchange platform that aims to help individuals convert one crypto into another while on their computers or mobile phones. The platform was created in 2013 by Bill Shihara and two<\/p>\n<p>It\u2019s no secret that cryptocurrency is one of the hottest topics right now. The world has gone mad over Bitcoin, Ethereum, and other digital currencies. There are hundreds of news websites dedicated to this new world of technology. But despite all the noise and hype, there are still many people who have no idea what cryptocurrency is or how it works.<\/p>\n<p>Some people think that cryptocurrencies are only for criminals and hackers. Others believe these digital coins will revolutionize the way we pay for goods and services online. The truth is somewhere in between those two extremes.<\/p>\n<p>There\u2019s a lot to learn about cryptocurrency if you want to be successful with it. You need to know which currencies are best for investing in and what tools you can use to help make better decisions about buying or selling them at any given moment.<\/p>\n<p>One of the most important things you can do before getting started with crypto trading is education yourself about different types of coins available out there, their market value fluctuations over time, how each one compares against another when considering purchasing power parity (PPP).<\/p>\n<p>In this article I\u2019ll give an overview on some must-know tools which will help you understand where it\u2019s headed next:<\/p>\n<p>Cryptocurrency is a digital currency that was created to be secure and anonymous. It uses cryptography to secure and verify transactions, as well as to control the creation of new units of a particular cryptocurrency.<\/p>\n<p>The way cryptocurrency works is that it\u2019s transferred between wallets, with one wallet being owned by the sender and one wallet being owned by the receiver. These are not physical wallets, but rather software wallets. You can think of cryptocurrency wallets like an email account in which you log into your account and send or receive emails.<\/p>\n<p>You can access your cryptocurrency wallet on a computer, smartphone or tablet. If you\u2019re like most people, you would prefer to use your smartphone since it\u2019s easier to carry around with you wherever you go. The first thing that you need when buying or trading cryptocurrency is a cryptocurrency wallet to store them in because they cannot be stored in online exchanges like Coinbase or Binance.<\/p>\n<p>Mobile Wallets<\/p>\n<p>A mobile wallet is an app on your smartphone that allows you to easily buy, sell and store cryptocurrencies like bitcoin (BTC), ethereum (ETH), litecoin (LTC) and more using your phone. Since these mobile wallets are connected directly to exchanges, you can easily buy and sell coins without having to wait for transactions<iframe width=\"100%\"\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/UXi-DHsjrVk?autoplay=1&#038;mute=1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Buy and Trade Cryptocurrency \u2013 5 Must Know Tools So, you are finally looking to enter the cryptocurrency world and are wondering how to buy and trade cryptocurrency? But before you do, you need to know a few things. If you want to get started in trading cryptocurrencies, the first thing you will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/652"}],"collection":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/comments?post=652"}],"version-history":[{"count":1,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/652\/revisions"}],"predecessor-version":[{"id":653,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/652\/revisions\/653"}],"wp:attachment":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/media?parent=652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/categories?post=652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/tags?post=652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}