Cryptocurrency – what comes to our mind when this name hammers you, Bitcoin apparently, it’s the world’s first digital currency and it is expanding in popularity worldwide. With several platforms you can trade this rapidly growing currency against the US Dollar or African Rands 24/7. The logic behind it is demanding and painless. You trade one cryptocurrency for another, having the desire that the coin you bought will expand in value.
In the trading exercise, you need to use a cryptocurrency exchange in order to match the sellers and buyers. Let’s get an example, if you are uptake Bitcoin and want to sell it for Ether, an exchange will guide you find an Ethereum sellers to trade with.
Exchanges will charge you a fee for doing this, which would cost a penny percentage for each trade. Cryptocurrency trading is in vogue these days, with billions of dollars’ worth of coins being bought and sold every day.
A neophyte should start by choosing a renowned company that offers an exchange and wallet and give a start by trading prominent coins. In 2019, we basically talk about coins such as Bitcoin and Ethereum.
Fundamentals of Digital Currency (E.g. Bitcoin, Ripple, Ether, Litecoin & Other Altcoins)
To apprehend cryptocurrencies, investors should plug themselves around real fundamentals of currencies. They are apparently units of measurement, channels of value and approach of exchange. Blockchain-based virtual assets such as cryptographic tokens often demonstrate these three attributes of currency.
Ethereum's Ether
Ethereum specifically is an open-source platform where blockchain developers can make smart contracts for their Decentralized applications (DAPPS). Ether is a virtual asset on Ethereum which has to be paid to Ethereum for using its platform. At every transaction in this blockchain, some amount of ether has to be paid to carry out deployments.
Ether is a cryptocurrency whose b
lockchain is powered by the Ethereum platform. It can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized virtual machine, called as Ethereum Virtual Machine (EVM), which viably can execute scripts using an international network of public nodes.
Ethereum’s Virtual Machine, which allows developers to write programs called "smart contracts," executes if the user makes a payment in its native currency ether. There are more applications that are being built and used on the blockchain, the more demand ether is likely to have.
Tokens On The Ethereum Blockchain
The Ethereum blockchain provides an easy-to-navigate, token-generation interface referred to ERC20, ERC223, ERC721, etc standards. These standards ensures that all companies which control electronic wallets will match with this standard can receive new tokens generated this way. These tokens are also easily be listed and available on exchanges that support the Ethereum standard, and most of the more than 200 virtual asset exchanges.
Fundamental Information
Technologies are increasingly penetrating into our lives and of course they could not help but touch the financial sphere. With the advent of the first crypto currency in the world - Bitcoin, has changed the view. So, the concept of currency became different. An ignorant person finds it difficult to understand how to trade on the cryptocurrency exchange. Everything would be much simpler if the cryptocurrency had one course, however, it is constantly changing. Even over the past few months, Bitcoin rate has grown by more than 100%.
Bitcoin and cryptocurrencies can be traded each and every second. On the other side, there are no official exchanges that are tied to time or have a weekend or public holidays, it can be traded 24/7. In fact, there is also no official course and official price. All this creates just perfect conditions for arbitrage
BTC have high volatility. It’s price varies with time, liquidity & market sentiments. Due to higher volatility, excellent conditions for trading is possible but with high risks & high profits.
To make the profit, you must buy cheaper and sell at higher prices using secured exchanges & with AI based trading bots. These trading bots will give you buying & selling signals so that you do not loose bucks.
What do you get to see in Cryptocurrency Exchanges?
Advanced UI/UX analysis charts
Orders for purchase and sale
History of transactions
Trading volume per time slot
Margins & Options
Stop Loss
Conclusions
I believe that blockchains and their applications, such as cryptocurrencies, are likely to play a demanding role in the future of any investment strategy.
Important Links
https://www.quora.com/profile/African-Coinexchange
https://twitter.com/africancoinexch
https://www.reddit.com/user/africancoinexchange
https://medium.com/@media_52851
https://www.facebook.com/africancoinexchange/
https://in.pinterest.com/africancoinexchange/
https://www.tumblr.com/blog/africancoinexchange