How to Trade Cryptocurrency on the Spot Market
A simple step to step guide for beginners
So you have decided to venture into the world of crypto trading!
Or you could be somewhat interested in the cryptoverse or just a little bit curious on how it all goes. Maybe you are looking to make a little extra money on the side and crypto trading looks lucrative. Maybe you want to passively build some wealth through hodling crypto. Whichever description best suits you, as a person already into it, I welcome into the crypto verse.
There are several ways of trading crypto. You can buy and hold on to it for minutes, hours, a day, a week, a month, a year or years even and sell at a higher position. You can also trade margin and futures, stake it, swap it, loan it to others, etc. Different crypto exchanges have different features that can earn you money in the crypto verse.
Cryto assets are mainly traded on crypto exchanges both centralised and decentralised. You can also buy them from a project’s website before they are listed on major crypto exchanges.
Buying and selling assets within a 24hr period is called day trading. It is a high risk venture as a trader hopes to derive the highest returns within the shortest time possible. Mistakes lead to serious losses here especially for beginners. As a…
