Some still wonder why everyone wants to be in the crypto sector. This is because cryptocurrency is the future we all have been waiting for!
Owning a cryptocurrency sounds excellent, but handling and trading it in the right way can be challenging – particularly for a beginner.
Before guiding crypto trading, it is essential to know that it is a highly volatile asset.
Crypto Trading – What's it about?
Crypto trading is the act of selling and buying cryptocurrency via a crypto trading exchange or platform. Some of the most used crypto exchange platforms are Binance, Coinbase, etc.
The concept behind cryptocurrency trading is in two ways;
There are many approaches to trading cryptocurrencies; however, we have for you the crucial steps that will guide your trading journey as a beginner.
As a beginner, you must know that most crypto exchange platforms have similar-looking market pages. However, these are some of the best and most popular cryptocurrency exchanges.
You can fund or add money to your digital wallet using wire transfers or debit cards.
There are many cryptocurrencies out there. However, as a beginner, go for the predictable ones like Bitcoin and Ethereum.
You can either:
or
Choose a cryptocurrency digital wallet – either software or hardware, although hardware wallets offer better security.
Experts advise first-timers to learn about cryptocurrency, exchange platforms, security risks involved, and all the basic terminologies related to cryptocurrency trading beginning to trade.