The proliferation of cryptocurrency and the increased interest in them attracts more and more people into the field of digital money, which is understandable. Cryptocurrencies can become an effective way not only of profit, but of excess profit.
One of the ways of such earnings is cryptocurrency trading. Basically, it is no different from the usual trading. The task with such earnings is to acquire a cryptocurrency at the lowest possible price, and sell at the largest possible. However, such trading has a number of features that the traditional stock market does not possess. These features are associated with the popularity and a number of properties of cryptocurrency.
When trading in stock markets, it is difficult to imagine making a profit, calculated, for example, in thousands of percent. In cryptocurrency trading it is quite real. No need to buy shares of a little-known but promising company and wait for it to take off to earn. Just look at how Bitcoin grew and fell a year ago to understand that multiple growth is possible in a matter of days.
As with trading in the stock market, to start speculation with a cryptocurrency, you must have an adequate supply of knowledge. First you need to learn:
Analyze digital money and trading volumes of a particular currency;
Use exchange tools, such as encodings and graphics;
Enter into sales and procurement transactions;
Follow trading history.
Before you make a decision on investing in a particular currency, it must be studied. In the study should pay attention to the following characteristics:
Goals for which the cryptocurrency was created;
Convenience and speed of transactions;
Authority of developers;
Popularity and demand for currency.
All these characteristics affect the success and capitalization of cryptocurrency. With the help of stock tools, you can analyze the exchange rate to other digital or fiatnym money. Trading volumes will allow in the long run to determine whether demand is growing. After analyzing these parameters, you need to place an order by selecting a currency pair and indicating the value for which you intend to sell your coins.
Experts advise not to be greedy and not wait for a long time when borrowing a cryptocurrency trading, because the rate of coins is very volatile and can change extremely quickly. Also, experts pay attention to one of the analysis tools - a glass of orders. With this approach, you need to look at the entire volume of orders for a certain currency and especially closely consider the most voluminous offers. The fact is that it is usually such super-large proposals that form the further course, so it’s worth orienting on them.
For a one-time exchange of cryptocurrencies, earned, for example, through mining, it is better to use not exchanges, but exchangers - this is faster and easier. However, if you are planning to seriously engage in trading, it is better to either do it on the stock exchange, or contact a brokerage agency.
So, in order to choose a stock exchange, first you need to take into account several factors:
What currencies do you use;
What currencies are needed to purchase;
Whether funds are withdrawn in the currency you need;
Do hidden fees;
Whether the exchange delays the execution of transactions.
At the moment there are many exchanges for cryptocurrency trading, but we will look at some of the most popular ones. Due to their fame, their fees may be higher, but in turn they more guarantee reliability and safety of funds.
Appeared last year and very quickly gained user confidence. Included in the top five exchanges in daily trading volume. The office is located in Hong Kong, where legislation is more loyal to digital money than in many other countries.
The exchange has a convenient Russian-language interface and a low commission fee (0.1%). In addition, high speed processing operations (about one and a half million orders per second).
Advantages of Binance:
4 place in terms of trading volume;
Daily volume in excess of 2 billion dollars;
Fee 0.1%
Support 87 cryptocurrency;
No fee for making currency;
Availability of a mobile application;
Convenient interface.
Popular platform, working since 2013. Nice interface, fast operations, the possibility of multicurrency operations with both the crypt and tokens. However, in order to withdraw funds in Fiat currencies, you will have to register and attach scans of documents. Otherwise, you can display only cryptocurrency.
Many experts call this exchange the most popular. It works since 2014 and has 45 thousand active users. Main advantages: a large number of currency pairs and operational technical support.
The fee on this exchange for opening a position is from 0 to 0.15%, for closing from 0.1 to 0.25%
It differs from the previous one only by a smaller number of pairs. There is since 2011, the head office is based in San Francisco. There is no Russian language, but the interface is intuitive. The commission fee is 0.2% and decreases with an increase in trading volumes.
Platform, aimed at the Russian-speaking audience. All sections of the site are translated. It was originally planned that Bitcoins will be traded on this exchange, but soon the number of currencies in circulation increased.
The peculiarity of the exchange is that many currencies can be changed into dollars, for example, Bitcoin; Zcash; DASH; Ethereum; Ethereum Classic and others. In addition, now the number of currencies is expanding and has already been supplemented by a yen and pound sterling. Their output from the platform is also available.
Congratulations @aleksandr2! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard: