Best New Ways to Trade BTC in 2021

In 2021, Bitcoin trading is growing in popularity as a result of the huge amounts of energy that are within the cryptocurrency market right now as we gear up to the third major bull run in the life of Bitcoin.

While there are many ways of making money from Bitcoin that are tried-and-true over the last decade, there are also a number of new ways of Bitcoin trading that can often yield optimized results with reduced risk and generally better outcomes.

In this guide when taking a deep dive into a few of the best new ways to trade Bitcoin in 2021, starting with breakdown with Bitcoin is and why Bitcoin trading is so popular, before looking at a few of the best places to trade Bitcoin in 2021, and then finishing off with the best places of the best new ways to trade Bitcoin.

What is Bitcoin?

Bitcoin is the world’s number one cryptocurrency having launched in 2009 and growing exponentially in value since then until now as more and more users have realized the value of using decentralized currencies.

Bitcoin remains the market leader in the cryptocurrency market and dictates the general flow of the prices of the other 7500 cryptocurrencies in existence.

What are many other cryptocurrencies that have advantages that Bitcoin does not, one of the many vintages of Bitcoin is the fact that it is by far the most trusted cryptocurrency in the world in 2021.

How Has Bitcoin Trading Grown in the Last Years?

Bitcoin trading has been popular since its launch in 2009 as this had the potential to yield significant amounts of revenue because of the volatility in the market.

However in 2021 and for the last few years, Bitcoin trading has grown in popularity with the krona virus pandemic and the widespread unemployment as a result of this having a big impact.

As predicted that as the cryptocurrency market pushes further and further into the mainstream of the next few years that the growth in the popularity of Bitcoin trading will continue.

Why is Bitcoin Trading So Popular?

Become trading is as popular as it is because of the advantages of providing uses that cannot be found in the 9-to-5 job of many businesses.

First up by trading Bitcoin users are able to set their own work hours and can have more flexibility in their work times each day.

Secondly, there is the significant potential to generate tremendous amounts of income from Bitcoin trading, and while it is risky and often quite difficult to be able to maximize revenue there is the potential then nonetheless.

Best Places to Trade BTC:

PrimeXBT

PrimeXBT is the world’s leading Bitcoin trading platform that also provides training for a range of other asset classes, with PrimeXBT launching in early 2018 and over the past three years growing rapidly.

PrimeXBT provides a professional interface for traders and investors to be able to effectively navigate the cryptocurrency market, while also charging the lowest fees of any major crypto trading platform with a low flat rate of just 0.05%.

PrimeXBT is also renowned for being a secure trading platform and has never been hacked as a result of the implementation of bank-grade security features such as mandatory Bitcoin address whitelisting and hardware security modules with rating of FIPS PUB 140–2 Level 3 or higher.

Coinbase

Coinbase is one of the longest standing in my perspective crypto trading exchange is still in the market today and in particular coin base has made great strides in connecting with institutional investors.

Coinbase has a rock solid trading platform with an easy-to-use interface as well and is generally considered to be a good trading environment.

Coinbase does charge significantly higher fees than many of the platforms however and it is worth considering this before trading on this platform.

Best New Ways to Trade BTC:

Covesting

Covesting is an innovative new way to be able to trade Bitcoin and other assets with the true advantage of Covesting being the ability to take an hands-free phone approach to investing in the cryptocurrency market and putting capital in the hands of some of the market’s top performing traders.

Covesting was is the world’s first form of cryptocurrency copy trading and has opened up a range of opportunities for both experienced and experienced traders of the past few years.

The reduction in risk by partnering with a professional trader and allowing them to decide which cryptocurrency trade should be executed, cannot be understated and its impact on the overall success of trading strategies.

Bitcoin Margin Trading

While margin trading hasn’t always been as popular in the cryptocurrency spaces today, it has been popularized in the past few years and today margin trading Bitcoin is very popular.

In fact, such is the popularity of margin trading in the cryptocurrency market in 2021 that today a majority of all trades are executed using margins.

PrimeXBT is the world’s leading multi-asset margin trading platform and is widely responsible for popularizing margin trading in the cryptocurrency space by bringing innovative industry leading margin trading tools to the industry before other platforms did so.

In Summary

While there are many tried-and-true ways of trading Bitcoin that will lead to profits, it is always worth considering the new ways instead of being brought to the market that may lead to optimize outcomes.

Covesting and Bitcoin margin trading in two ways that traders can get an edge on the market and can often dramatically reduce the risk as a result.

You like to learn more about these two ways of trading Bitcoin in a more optimized way in 2021, check out Covesting and Bitcoin margin trading.