Cryptocurrencies are the riskiest assets for investments, but at the same time, if you know how this market works, you can earn a lot of money on cryptocurrencies trading and investment.
What is cryptocurrency trading? The same as trading traditional assets, crypto trading implies purchasing and selling coins, playing on their price changes. The key to success in trading is finding a good asset and reliable platform.
What Coins to Pick?
It is advisable to choose crypto coins with large capitalization and trade volume. That means assets will always be in demand, and you will easily sell it when you want. For example, Ripple crypto has a high cap – of 19.81B and a trading volume of 1.21B (in the last 24 hours), along with a low price of $0.39. That is one of the most traded assets throughout all crypto platforms. It is important to understand that the Ripple price did not grow much because of the lawsuit initiated by the SEC concerning the XRP token. The commission demands the XRP token be acknowledged as security.
Important to note that the Ripple ledger is already used by over 100 financial companies worldwide as well as blockchain developers and individuals who want to make instant money transfers around the world at low fees.
What Platform to Use?
There are many reliable exchanges for trading cryptocurrency:
- Binance
- Coinbase
- WhiteBIT
- ByBit.
If you are a beginner user, consider using the WhiteBIT exchange. It is a highly secure exchange with an accent on clients’ safety and various trading tools. There are over 450 trading pairs available, so you will probably find the one you need. The exchange is open for new corporations and regularly adds promising crypto coins to its trading list.
The WhiteBIT financial instruments include p2p, spot, margin, and futures trading tools. Over 450 pairs are supported for trading.
The WhiteBIT blog helps you understand cryptocurrency trading and learn how this market works using articles and guides. At the same time, you can use the WhiteBIT demo account to practice trading strategies and find the one suitable for you.
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