CryptoCurrency

Cryptocurrencies trading for beginner

what is trading?

hey there. with in few minute you will be introduced about cryptocurrencies trading but before that let me show show you what does trading meant by?

trading is just a simple concept that deals with selling and buying. Trading is a fundamental economic concept that involves buying and selling assets. These are goods and services, where the customer pays the compensation to the vendor. In other cases, the transaction can involve the exchange of products and services between the trading parties.

In the context of the financial markets, the assets being traded are called financial instruments. These are often stocks, bonds, currency pairs on the Forex market, options, futures, margin products, cryptocurrency, and lots of others. for now, we will focus on cryptocurrencies.

cryptocurrencies trading

how to start crypto trading

As we discussed earlier crypto trading means, you buy cryptocurrencies when the price’s low and you will sell it when its price became high the price difference will be your profit. this is the general concept of crypto trading, knowing this concept by itself doesn’t mean you are the best trader and profitable. Before you start trading, you have to know cryptocurrency trading risks and be aware and conscious about how to manage risks regarding this. You’ll also have to know what all features of the platform that you trading on.

The next point that you have to concern about is, most cryptocurrency exchange sites have similar market pages interface and design so you may safely ignore most of the information on the page.

In order to start cryptocurrencies trading, you have to have a cryptocurrency wallet and an exchange to trade on.

1, cryptocurrencies wallet like block chain, uphold, trezor … if you are not familiar with the wallet here you can find out the best cryptocurrencies wallet

2 exchange site you must have an account on exchange site to sell and buy you asset.

where you can trade cryptocurrencies?

there are several options to trade on. let see some of the most trusted,

  1. Coinbase: Coinbase is one of the most popular exchanges in the world. It is extremely suitable for beginners and it allows you to buy your crypto with USD.

2. Binance: Its one of the most trusted and leading site by exchanging cryptocurrencies. its Led by the enigmatic Changpeng “CZ” Zhao, the Malta-based crypto exchange offers more than 200 crypto trading pairs. Binance is the most popular crypto exchange in the world.

3.Coinjar: Founded in 2013, CoinJar is the easiest way to buy, sell, store, and spend the cryptocurrency. It’s iOS and Android apps allow users to trade cryptocurrencies from their comfort home, in the meantime, CoinJar Exchange and CoinJar OTC Trading Desk cater to professional traders, plus to that individuals and institutions looking to make larger transactions.

4. BitMEX: it’s one of the best but not recommended for beginners. If you are an advanced and experienced trader, then BitMEX may be the place for you. Run by professional traders, developers, and economists, it is one of the busiest exchanges you will find in the space.

5.Bittrex: The US-based exchange has been active since 2013. Providing top-grade security, Bittrex is a good starting platform if you want to venture into crypto-to-crypto trading.

6.Blockgeeks: If you want an easy, no-hassle space where you can buy Bitcoin

best 5 bitcoin wallet

the sites i mentions above are well known and most trusted so that you can easily start your crypto trading journey. once you start trading safely then you can gradually upgrade your knowledge and strategy. i hope this article is help full. if you have any comment or suggestion please let me know in the comment section.

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