Crypto trading. What do you associate this phrase with? Perhaps, for some, this is the easy way to get rich. Or, that might be the alternative to a business with traditional money.
Now, everyone has their expectations or even misbeliefs concerning crypto trading. So, we think it’s time to reveal what it means and what you can anticipate from taking it up.
Cryptocurrency trading is speculation on the prices of crypto coins and their movements up and down. To trade crypto, one needs to have a CFD account or use a specific exchange tool. Trading is hence one of the most effective methods to earn Bitcoin.
Such instruments often include automated software to help users and make trading effortless. Artificial intelligence programs are becoming more popular on such platforms and significantly increasing the chances of getting significant returns.
Trading Cryptocurrency: Getting Started
Cryptocurrency is based on blockchain technology which is a digital ledger (database) of transactions. This ledger is not controlled by any other higher system. This is why cryptocurrency is often called decentralized currency.
Those making investments in crypto don’t store their assets in bank accounts like people are forced to. Instead, there is a digital address for every user protected by a private and public key. But where do you get a personal account to buy, sell, and trade crypto coins?
Now, we advise you to look at some reliable places such as Coinbase, Binance, or the less popular Bitcoin Era. The main point is that such services are official and give security guarantees and many others, while unofficial ones do not protect you.
For example, to get started with Bitcoin Era, you will need to:
1. Sign up at the Bitcoin Era website.
This takes around 5 minutes. A little longer time might be needed for verification.
2. Make your first investment.
Log on to the platform and deposit the needed sum of money. At Bitcoin Era, you should choose the minimal one as a beginner.
3. Begin to trade crypto.
The intuitive design of the website menu will prompt you on how to trade.
Here is why the Bitcoin Era is perfect for a starting trader.
1. Total security.
The platform never shares your private data with third parties without asking for your permission and keeps your information and digital funds protected from attacks with reliable security protocols.
2. High accuracy and excellent performance.
New software-based on robotic technologies gives you accurate data about everything that changes in the crypto market. The info is provided in price charts and is updated regularly for users always to remain well informed.
3. Good support.
It is beneficial during the first months of trading when you still need guidance. The support team is happy to find solutions to your specific problems and offer a word of advice from its own experience.
4. Quick crypto transactions.
The platform works efficiently. In a day, you can make a hundred transactions and not waste time waiting.
5. Low processing fees.
The fee is another reason to consider the Bitcoin Era as a lower fee means more profits.
6. Convenient payments. Here you can choose any method of payment you want and complete it from any location on the globe.
With all of these benefits, it is difficult not to be a success in trading. However, we want you to know one tip: a private key for your crypto address is to be kept safe. You can’t lose it. If the key can’t be restored, the user loses the funds and is automatically excluded from circulation.
You should always be on the lookout for more advanced cryptocurrency tips.
Risk Warning: Remember that with tools like the Bitcoin Era, you can generate significant spinoffs. Still, every service like that involves the risk of partial or full money loss. You also have to be attentive to the laws that your country keeps to in terms of digital currency trading and what taxes it can put on trading. Plus, we recommend you to check out the terms of using the chosen service and deposit only such sums which are comfortable for you.
Note: You also have to be attentive to the laws that your country keeps to in terms of digital currency trading and what taxes it can put on trading. Plus, we recommend you to check out the terms of using the chosen service and deposit only such sums which are comfortable for you. Research more resources like from VectorVest to know more about trading taxes.
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