Crypto exchanges are multifunctional trading platforms that allow registered users to sell, store, exchange and purchase digital coins, or in other words to trade cryptocurrency. The principle of operation of such projects is similar to currency, commodity and stock exchanges – prices are determined by the market, with established “supply/demand” ratios for a particular asset.
The most important features of the crypto exchange are, of course, the trading of instruments consisting of digital coins, such as BTC/LTC, ETH/XMR, etc., and sometimes with fiat currencies, such as BTC/USD, as well as the simplicity of the start of speculative activity. The latter aspect is due to no need to find a broker, obtain trading accreditation, etc.
You can get your first profit on the cryptocurrency exchange today, even if you are a beginner, because the volatility of the digital coin market is amazing, and can reach several tens of % per day, which in turn allows you to make a big profit in a short time.
However, it should be remembered that the cryptocurrency market is high-risk, and here you can easily lose your capital. Therefore, working on a cryptocurrency exchange, take into account possible trading risks and also other risks (e.g., the risk of losing trading capital when a hacker hacks the exchange, the risk of losing funds as a result of the global decline in the value of the cryptocurrency, etc.).
Exchanges can be used as wallets as well, but our recommendation is against this practice. You should always keep your assets in your own wallet, in your computer, hardware wallet or even paper wallet.
Posts in this category:
What are trend lines?-Trend lines are diagonal support and resistance lines drawn on a course. Traders can use these trend lines to find an entry or exit point at an early stage. Trend lines Trend lines can be compared with support and resistance ... Read more
This is how support & resistance levels work-Support and resistance levels are one of the most important aspects of technical analysis (TA). Whether it’s cryptocurrency, forex or stocks, support and resistance levels are always there. Why every successful trader looks for these levels, what they are exactly ... Read more
Head & shoulders pattern- A head & shoulders pattern is a reliable pattern from technical analysis that predicts a reversal in the trend. The name is due to the pattern that occurs on the course. These are three peaks of which the two ... Read more
Double bottom & top pattern- Everything explained here applies exactly the same for the double top pattern, only the other way around We mainly traded the double bottom on the 15 minute chart (each candle = 15 minutes) but can be run on any ... Read more
Better to trade crypto, forex or stocks?-As a starting trader, is it better to trade in crypto, forex or stocks? Differences In the first instance in order to answer this question we want to know the fundamental differences. Let’s start with the oldest form of investing, ... Read more
RSI indicator explanation and examples- Many traders and active investors are looking for tools to help them find the perfect buying and selling times. The RSI indicator (Relative Strength Index) is one of the indicators that is widely used. You can use this RSI ... Read more
What is a bull market?- A bull market is a state of the financial market where prices are constantly rising or are expected to continue to rise. The term “bull market” is mostly used to refer to, by origin, the stock market, but can ... Read more
Trading cryptocurrencies with four top indicators-Anyone who trades in various financial markets is aware that technical analysis requires a great deal of knowledge and experience and that this should never, ever be underestimated, of course this requires a professional attitude. and mindset to do this ... Read more
What is Futures Trading-By trading Futures you gain exposure to the digital currency market, it basically means that you try to estimate through technical analysis (TA) whether a certain digital currency will go up or down. This is in contrast to Spot Market ... Read more
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.