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 g
etting 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