What Is Crypto Trading

In recent years, many people have started to be interested in crypto currency trading. The reason is the high volatility of digital assets, that open vast earning opportunities. This article will discuss how to buy cryptocurrency, what trading means, and what cryptocurrency exchange is the best for beginners.

Crypto trading is opening a position with one crypto asset against another asset on a crypto exchange with the purpose of making a profit speculating on the changes in asset rates.

There are several crypto trading strategies:

• Day trading
• Building a balanced portfolio
• Range trading
• High-frequency trading
• Scalping
• Dollar-cost averaging
• Primary research
• and others.

To start trading, you should purchase your first crypto asset - investigate the market and pick the coin. We recommend learning a project thoroughly before buying its coins. Many young crypto companies promise high profits and asset growth, but you should not take that on faith. Try to find the information on the project and understand who stands behind it, what are the real prospects, and what are the reviews of those who invested in it.

Once you pick the asset to buy, you need to choose where you buy it. We recommend using a centralized cryptocurrency exchange. Why exactly centralized? - The matter is that such platforms always operate officially and comply with all the regulations and laws. They protect their clients and implement complex mechanisms for customers to feel comfortable and safe. An example of such a platform is WhiteBIT. The exchange has earned users' trust and has positive reviews on the Internet.

How Does Crypto Trading Work?

Register an account on the exchange and pass the KYC procedure. Then connect your bank card to buy crypto with it. Once you deposit your account, you can switch to the "Trade" section. Select the coin you want to get, pay the fee (on average 0,1%) and receive the needed assets to your account.