INTRODUCTION
How to get it, how to do it, how to start it and how much can I use to start to start are the basic question I get from people I invite or introduce to trading Cryptocurrency. Alot of people are faced with the challenge and problem of how. This has prompt me to write on the topic above i.e How to start Trading Cryptocurrency.
I meant with a friend today who I told about trading Cryptocurrency, and after explaining how I started trading and how much I have made within the period she was a bit shocked, I made it known clearly to her that trading Cryptocurrency is not gender bound as some may believe.
Before I proceed to how to start trading Cryptocurrency, I will like to explain brief what Trading and Cryptocurrency is all about.
Trading is the action or activity of buying and selling goods and services.
Cryptocurrency
A friend once ask me that I want to buy Cryptocurrency, that made me smile since I have some Understanding about trading though I understand what she was trying to communicate.
Cryptocurrency is a type of digital currency that generally only exists electronically. There is no physical coin or bill unless you use a service that allows you to cash in cryptocurrency for a physical token. A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.
Trading Cryptocurrency is the act of buying and selling the underlying coins via an exchange.
One of the main advantages of the crypto market is that you don't need a lot of start-up capital to get started. A beginner trader will only need a thousand dollars to purchase some digital money, transfer it to the exchange, and start speculating using the chosen strategy. Make a cryptocurrency brokerage account. Unless you already own cryptocurrency, you will need to make an account with a crypto brokerage.
Fund your account this can be done by firstly creating a wallet which you can be guilded through online or meeting with people who already are trading.
Pick a crypto to invest this has to do with studying the market and locating tradable coin and buying when they are still low in price
Choose a strategy this involve a set of pattern for trading
Store your cryptocurrency it is important to consider the coin and Know the Growth rate and consider save the purchase coin for some time so it could grow.
Advisable coin to buy as of now
After checking the market I have some coin that I can Advice a beginner to start trading with;
Doge Coin
Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs. It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge” instead of “dog.”
Ethereum (ETH)
Ethereum is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party.
Litecoin (LTC)
Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles "Charlie" Lee. Litecoin is a fork of Bitcoin (BTC). Like Bitcoin, Litecoin is based on an open-source global payment network that is not controlled by any central authority.
Tron
Tron Card. The Tron card is a secure digital wallet hosted on the Tron network. It is capable of storing several cryptocurrencies and tokens not native to Tron. It is also a payment processor directly connected to the Tron Blockchain.
It is very Advisable because it is still at low price which has the ability, possibility of growing over time.
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