Introduction to cryptocurrency trading
Cryptocurrency (also known as electronic assets) trading is the buying, selling, or holding of cryptocurrencies like Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC) amongst others, with the goal of earning a profit from short, medium or long term changes in their costs.
Trading on the Greenroomtrading platform can be performed by exchanging fiat currency for example USD, EUR, and CAD to get cryptocurrency, or a single cryptocurrency for a different for example Bitcoin (XBT) to get Ethereum (ETH).
The Way To Trade Cryptocurrency:
Fiat to Crypto Trading
Therefore, you have some money that you would like to invest. Are you planning to go about it? The portal sites that connect our planet to the crypto-worlds are known as”exchanges.” You will find a great deal of exchanges out there, however, before you decide to invest in a single, there are certain things that you want to look out for.
Before you do anything, first ensure the market is available in your town. Eg. Coinbase, among the biggest exchanges, is not available in India and Indonesia. So before you do anything please check this.
The next factor that you need to check is the reputation of the market. Are people pleased with their solutions? Has it been hacked lately? How secure is it? Have people complained about it? Twitter and Reddit are good sources for assessing this.
Up next we have the market rates. Various trades have their own exchange rates which may vary. Do your homework here and study three or four exchanges as well as their prices.
Please choose exchanges that need some type of ID confirmation from you. Despite the fact that they might take some time, they’re readily 100 times more safe and protected than anonymous trades. At the close of the day, it’s your hard earned cash. You have to take that additional step to keep it secure.
You are able to do your research and select your market, but in this manual, we are going to proceed with the most popular crypto market out here on this website. So, let us begin trading!