There is a difference between buying/selling cryptocurrencies on an exchange and trading cryptocurrency CFDs on a CFD platform. Both activities are undertaken with the intention of making a profit by trading in the crypto market, but the processes involved are very different. This article describes how to buy and sell cryptos, as well as how to trade cryptocurrency CFDs.
Buying and selling digital cryptocurrencies is basically all about using one cryptocurrency, such as Bitcoin, to exchange it for another cryptocurrency, such as Ethereum, on a buy or sell basis, working on a cryptocurrency exchange. The process involves looking for a cryptocurrency pair in order to perform a crypto-to-crypto exchange or exchanging crypto for fiat or fiat currency for cryptos.
In our latest guide to Bitcoin, we outlined what is necessary to know about blockchain as the basis for cryptocurrencies. Let’s move on to getting some coins and see how to buy and sell cryptocurrency.
There are two things you should be familiar with.
One, crypto-exchange platforms and, two, cryptocurrency wallets.
Exchanges are the places where you would exchange, buy, sell bitcoins and altcoins.
The latter is a tool to store your digital coins.
To better understand cryptocurrency transactions, we’ve decided to review two biggest exchange platforms.
Currently the biggest and most popular cryptocurrency exchange platform, available in 32 countries.
It allows trading Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
To over 20 million users it offers a friendly interface, few levels of protection and both desktop and mobile (Google Play and App Store) versions.
Anyone who is remotely interested in learning about crypto has taken part in some form of trading. As it gets more and more mainstream attention, newer players want to enter the market and get their slice of the crypto pie. So, to help those people enter this exciting market, we have created this “Cryptocurrency Trading Guide.”
In this guide, we are going to take you through all the steps in order for you to become a crypto-trader. We will be going through the following sections:
So, you have some money that you want to invest. How are you going to go about it? The portals which connect our world to the crypto-worlds are called “exchanges.” There are a lot of exchanges out there, however, before you choose to invest in one, there are certain things you need to look out for.
Cryptocurrencies have been nothing if not exciting for many investors. They have natural appeal: they have gone up a long way, and investors are lured by the apparently chunky returns on offer. Their volatility also offers lots of opportunities for those looking to trade on price movements. If you want to try your hand, here are the steps you need to take.
You can decide to own units of cryptocurrency, or to trade on the price of cryptocurrency. By trading, you can speculate on the price without ever taking ownership, using derivatives trading instruments called cryptocurrency CFDs.
With a unit of cryptocurrency, you have to pay in full for the price of the asset. With trading, you only have to put up a small proportion of your total position size.
Cryptocurrency trading is one of the best investment opportunities to arise in decades. The volatility in the market is precisely the reason why it can be so popular and why you need to know where to buy and sell digital currency from the top Bitcoin exchanges. Readers can learn how to day trade cryptocurrency here in Bitrates’ comprehensive guide. While it is similar to traditional markets, cryptocurrency market trading is unique in risks and potential. In our guides, we unpack all the crypto trading terminology and describe in unprecedented detail how to understand and master this vast and exciting new market.
Learn how to day trade cryptocurrency as well as how to “hodl” and make long-term gains in our cryptocurrency trading guide.
Prices are substantially more volatile than traditional assets, which means the swings are ripe for traders who know what they’re doing – and perilous for those who don’t.
If you are ready to step up and take your crypto trading to the next level, there’s a lot to learn, but it’s nothing you can’t handle.
Remember: Most traders will lose money trading crypto. Position yourself ahead of the pack by learning how to trade like a pro.
If you are just jumping in for the first time, you should start small and scale your exposure over time.
Staying safe should be your top priority.