How do you trade Cryptocurrencies?

[kgosibw]

Hey guys, for years now I have heard of trading cryptos. I haven't yet understood how.
I am new to trading and would love to figure this out. Is crypto trading the same as FX trading?
Where and how can I as a beginner trade crypto?

 

[guner]

is there any indicator for criptos.any no repaint indicator

 

[HeavLeighGill]

Crypto refers to cryptocurrencies. You've probably heard of Bitcoin (BTC), Ethereum (ETH), etc. You can trade them through an exchange or through a broker. Personally, I like trading through brokers like CedarFX. There are a lot of them that offer it, you just have to make sure the broker does offer crypto.

 

[Someecat]

Cryptos are digital currencies or tokens which traders use for their goods.
The cryptos are secure and digitally available cryptography is a thing which makes these crypto coins.
Cryptocurrencies are decentralized, meaning that they are not regulated by any government. You can trade cryptocurrencies through a number of platforms. You can check it on the web, good luck!

 

[iaminforex]

I dont trade them. the best you can do is staking or hodl.

 

[mnau]

is it even worth trading crypto on weekends or does it make no sense?

 

[PipsMaker]

is it even worth trading crypto on weekends or does it make no sense?

Depends on the market.
There's no time I don't trade Crypto.

 

[PipsMaker]

is there any indicator for criptos.any no repaint indicator

There are many indicators on trading view. But don't just rely on indicators, it could be dissapointing in the long term. Your eyes, mindset, emotional balance, trading physiology are the BEST indicators any traders could implement.

 

[k356]

Check out Binance, I think they have a Demo Trading Account otherwise open a small live account.
For Crypto think of ultra small penny stocks. Most will go bust.
Bitcoin and Ethereum are really the only coins that have fared well through several bull/bear markets. Stick to those to begin with and dabble in other ones once you know more about the ecosystem

 

[cyberclown]

Hey guys, for years now I have heard of trading cryptos. I haven't yet understood how.
I am new to trading and would love to figure this out. Is crypto trading the same as FX trading?
Where and how can I as a beginner trade crypto?

Always trade crypto on trusted and legit sites. Most crypto trading sites have high trading fees. And you can invest in crypto. its far better than trading. Investing is also trading but the investment company help you trade on cryptocurrencies thats increasing in price. So for a given period of time you get as much as double of what you invested.

 

[arda]

Hello, for trading with leverage I advise you bybit but be careful to handle with care

 

[jonobu]

Why don't you try the air drop first? It's basically free to start, and many of them come with high value and profit.

 

[keiba888]

is this the holy grail? But there are no reviews. How is this possible? Please let me know what you tried

 

[point70]

is it even worth trading crypto on weekends or does it make no sense?

It is worth. I ve been trading on weekends and it goes well, Yes, it is kinda slow but if you like scalping, weekends are good

 

[Luc@my]

Does anyone trade with leverage for cryptocurrencies? how is it different from normal investing?

 

[testing3000!]

hi. any update from others how to trade cryptocurrencies at this moment?

 

[noahlucas]

Trading cryptocurrencies can be done through various methods and platforms, but generally, the steps involved in trading cryptocurrencies are as follows:

1. Choose a cryptocurrency exchange: You can trade cryptocurrencies through dedicated crypto exchanges or through mainstream financial brokers. Choose a reputable exchange with a good track record for security and customer support.
2. Create an account: Follow the sign-up process to create an account with the exchange. This typically involves providing personal information and verifying your identity.
3. Fund your account: Once you have created an account, you will need to deposit funds in order to buy cryptocurrencies. Most exchanges offer multiple payment options, such as bank transfer, credit card, or cryptocurrency deposits.
4. Choose a cryptocurrency to trade: There are thousands of cryptocurrencies available, but the most popular ones are Bitcoin, Ethereum, and Litecoin. Research the market and decide which cryptocurrency you want to trade.
5. Place an order: Once you have chosen a cryptocurrency, you can place a buy or sell order. You can either buy a cryptocurrency outright or trade it with another cryptocurrency or fiat currency.
6. Monitor your position: After you have placed an order, monitor the market to see how the price of the cryptocurrency is changing. If the price moves in your favor, you can sell your position to make a profit. If the price moves against you, you may need to cut your losses by selling your position.

It's important to note that cryptocurrency trading can be very volatile, and prices can change rapidly. It's recommended to do your own research, understand the risks involved, and develop a trading strategy before entering the market.

 

[overskillz]

i dont know how to trade crypto is it easy than forex trading

 

[noahlucas]

Trading cryptocurrencies involves buying and selling digital currencies using an exchange platform. Here are the basic steps to get started:

1. Choose a cryptocurrency exchange: There are many exchanges to choose from, so do some research and select one that suits your needs. Some popular exchanges include Coinbase, Binance, Kraken, and Gemini.
2. Create an account: Once you have chosen an exchange, create an account by providing your personal information and verifying your identity.
3. Fund your account: To trade cryptocurrencies, you need to deposit funds into your exchange account. You can do this by transferring funds from your bank account, credit card, or debit card.
4. Select a cryptocurrency to trade: Choose the cryptocurrency you want to trade. The most popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
5. Place a buy or sell order: After selecting a cryptocurrency, you can place an order to either buy or sell it. You can set a limit order to buy or sell at a specific price, or a market order to buy or sell at the current market price.
6. Monitor your trade: Once your order is executed, you can monitor your trade and make any necessary adjustments. Keep in mind that cryptocurrency prices can be volatile, so it's important to have a plan and stick to it.
7. Withdraw your funds: When you're ready to cash out, you can withdraw your funds from the exchange to your bank account.

It's important to note that trading cryptocurrencies can be risky and you should only invest what you can afford to lose. It's also a good idea to do your own research and stay up to date on the latest developments in the cryptocurrency market.

 

[silasdavy]

Thanks, very complete trading program，Trading cryptocurrencies my first choice Buy Bitcoin