Crypto currency Trading Guide

[earnsteemit]

Crypto Currency Trading Guide

TRADING ARE SO RISKY !
DO NOT GAMBLE YOUR MONEY!
BE SAFE.. DO NOT BE GREEDY !
INVEST WISELY & CONSIDER WHAT AMOUNT YOU CAN AFFORD TO LOST.. SAFE TRADING EVERYONE... :)

Cryptocurrency trading can be extremely profitable if you know what you are doing, but it can also lead to disaster. Even though most traders decide to either go with fiat or bitcoin, other crypto currencies can represent viable income sources, as long you as you tread carefully and understand what you are doing. This guide is for those who want to start getting involved in crypto currency trading.

Where to trade

The first thing you will need is a safe and secure platform to trade your cryptocurrencies. While fiat currencies have well-renowned financial institutions in which you can trade, most cryptocurrencies aren’t that lucky. It is, however, possible to trade bitcoin, the number one cryptocurrency, using renowned institutions.

A few trading platforms now include bitcoin, as some even offer Contracts For Differences (CFDs). These allow you to trade bitcoin without actually using it, as they represent a contract between you and the exchange. In it, the two parties ‘agree’ the difference between the entry and exit price will determine your profit or loss. CFDs are a flexible option, but they do have disadvantages worth looking into.

To trade other cryptocurrencies, you will need to use cryptocurrency exchanges. According to CoinMarketCap, there are well over 100 active exchanges, so we need to filter them. The best way to do so is to go with those with the largest trading volume, as they will enable the best possible opportunities. According to data, these are the 20 biggest exchanges you can use:

Poloniex
xBTCe
Bitfinex
Quoine
BitMEX
Kraken
BTC-E
Bithumb
Coincheck
GDAX
bitFlyer
Zaif
Coinone
Bitstamp
Korbit
OKCoin.cn
Gemini
Yunbi
Bittrex
CHBTC

Comments

[cheetah]

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://hacked.com/start-trading-cryptocurrencies/

[earnsteemit]

Thank you for the info.

[cryptomarketer]

There is also Liqui.io that has a lot of the new tokens :)

Also if you want JUST to trade and not hold.... BIG DIFFERENCE... you can also use Avatrade or even eToro... now I now it is funny yo say it, but people into forex may have no interest in holding and looking only for the trading option, which is much easier than using a crypto exchanges and purchase BTC or ETH.

[earnsteemit]

Avatrade, etoro are also good option.

[dulanrandunu]

are you know about forex?

[earnsteemit]

Only Crypto Trading brother. No any knowledge about Forex.

[steemcleaners]

Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.

Some tips to share content and add value:

• Using a few sentences from your source in “quotes.” Use HTML tags or Markdown.
• Linking to your source
• Include your own original thoughts and ideas on what you have shared.

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.

If you are actually the original author, please do reply to let us know!

Thank You!