Investing in bitcoin is quite possible, but there are many other cryptocurrencies that you can invest in. It is logical that some questions arise, especially when you are interested but do not yet have enough knowledge about your options. Where can you trade crypto, what exactly is cryptocurrency trading, how to promote crypto using coinboosts, and which coins are interesting to trade in? In this blog, you will find all the information about this.
In the first place, it is possible to buy cryptocurrency so that you can pay for it yourself at various websites or companies. More and more companies offer the possibility to pay with bitcoin or another cryptocurrency. But you can also choose to trade in crypto, without having to pay for it. When trading crypto, you are going to buy a coin for a price and later sell it for a higher price, so that you will make a profit.
Like stocks, the value of cryptocurrencies can rise or fall. This is an opportunity for you to respond to so that you get as much profit as possible on your investment. There are a lot of things that affect the price of a cryptocurrency. The crypto stock exchange is open 24 hours a day, 7 days a week and this means you always have the opportunity to buy or sell something. This makes trading crypto very interesting.
Interesting coins to invest in
The most famous cryptocurrency of the moment is still bitcoin. But there are also a number of other, relatively unknown, coins that you can buy and then sell again at a profit. Coins such as ETH, Ripple, Cardano, PAX Gold, Compound, and Tether are an example of this.
The Best Strategy for Trading Crypto
Trading crypto is possible in different ways: it’s up to you to discover which strategy works for you. In the end, it comes down to the same thing: you buy the crypto at a point where the price is low and you sell it at the point where the price is high, selling the coin at a profit. You decide how long you hold the coins before you sell them.
The importance of a good broker
Are you going to trade crypto? Then it is best to do this through a good broker. A broker is an online service where you buy the crypto coins, hold them, and sell them again at the right time. There are plenty of good brokers for cryptos, such as Anycoin Direct, Coinbase, Kraken, and Binance. These are brokers where you as a beginner can immediately register in a safe way and start trading crypto. Discover your options for trading crypto!
The 3 largest crypto exchanges
Trading crypto? For this you not only need sufficient knowledge about crypto in general, but you also need to have a good crypto exchange with which you can get started. In an ever-expanding world of cryptocurrencies, it can be difficult to make a good choice in the crypto exchange. What are the 3 largest crypto exchanges currently available? You can read that here!
You will also find more useful information about the crypto exchange here so that you know how to make the right choice as soon as you start trading crypto. This important information will help you further in the process of trading cryptocurrency.
What is a crypto exchange?
A crypto exchange is an exchange for trading in crypto. When you want to start trading in cryptocurrency you need an account with a crypto exchange. This allows you to buy the coins you want, and then sell them when you can make a profit on them. The crypto exchanges are open 24 hours a day, 7 days a week. There are both Dutch and foreign crypto exchanges.
ALSO READ: What Is Online Trading And Its Advantages?
Discover the biggest crypto exchanges
There are now many crypto exchanges where you can create an account and go for trade in bitcoin and other coins. One of the ways in which you can distinguish between the various parties is by looking at the size of an exchange. The largest exchanges often also offer the most options. Curious about the biggest crypto exchanges of the moment? Here you will find the 3 largest:
On an international level, Binance is the largest crypto exchange of the moment. Not only in terms of trading volumes, this party is the largest, but also when it comes to reliability and safety, Binance scores very well. Binance boasts the largest range of cryptocurrencies, trading options, tokens, and more. With over 25 million users in 2020, Binance is the largest in the world.
Binance is a young platform that has been active since 2017 and also offers benefits for Dutch users. The exchange processes 1.4 trades per second and has a very low trading commission of 0.1%. Furthermore, the trading environment is also well translated into Dutch. Due to a large number of trades, it is quite possible to buy and sell actively and cheaply at Binance.
2: Huobi Global
Huobi Global is currently the second largest crypto exchange in the world. This platform is based in Singapore but is accessible to traders from 130 countries. Huobi Global has a very large trading volume and has grown into one of the largest exchanges worldwide. It is quite easy to create an account with Huobi Global. After that, you can immediately start buying crypto. If you already have cryptocurrency, it is possible to have it sent to your Huobi Global wallet.
Are you a beginner? Then Huobi Global has a very comprehensive explanation for buying cryptocurrency. In this way, it is quite possible to get started quickly. It is very easy to buy and sell with Huobi Global.
3: Coinbase Exchange
Coinbase Exchange is also one of the largest cryptocurrency trading platforms. You have the choice of multiple cryptocurrencies and in addition, the trading environment is clear, so you can get started with trading very easily. Coinbase Exchange now has more than 2.5 users worldwide: this still makes them a lot smaller than Binance, but Coinbase Exchange is the largest in the United States. It is possible to trade more than 25 cryptocurrencies at Coinbase Exchange.
How to choose the right crypto exchange
There are a number of things you should pay attention to as soon as you want to use a crypto exchange for trading in crypto. Among other things, it is important to pay attention to the following things:
- The security of the website and server
- How is the customer service?
- Are the website and customer service also available in Dutch?
- The availability of trading pairs
- The presence of different payment options
- To what extent is the platform suitable for beginners?
Based on the above information, it is already a lot easier to choose a good crypto exchange. A number of popular cryptocurrency exchanges include Bitvavo, Binance, Coinbase, Litebit and Bitonic. By reading the reviews of different websites it is even easier to make a good choice.