Many people now invest in cryptocurrency. It is a digital currency you can use for your daily transactions. Are you new in the market of crypto? This article will guide you.
Cryptocurrency defined
Before we proceed to various aspects of this digital currency, let us first define it. Cryptocurrency uses digital cryptography to process transactions and making new coins. It is not controlled by the government, banks, and other third parties.
Long-term Trading and Short-term Trading
In cryptocurrency, you can choose between long-term trading and short-term trading. Let us know the difference between the two.
Long-term crypto trading allows you to hold a coin for a year or more. In this trading, you don't need to have knowledge about complex trading graphs or charts. No large sums of money is needed to begin. You can purchase small amounts if you have money and wait for it to grow in a specific period. You don't need to worry about the price movements.
On the other hand, short-term trading in crypto allows you to buy crypto, but you will hold it within a short period. For example, you can hold it in hours, minutes, weeks, or a few months. It can offer you a chance to get high gains.
You can choose the type of trading that matches your abilities and needs.
Getting a Crypto Trading Platform
If you want to improve the quality of your crypto trading, it is a good idea to use a online trading website. With this, you can have a hassle-free experience in making transfers and transactions with cryptocurrency. To give you an idea, the following are some trading apps you can choose from for your investment.
Binance
If you want an app for tradable pairs, Binance can be a good option. This app is downloadable for free and can be accessed with Android and iOS devices. It is not regulated by the government and any authority, so you can have freedom in your transactions.
eToro
The eToro is a flexible trading app used by millions of traders globally. You can also use it on your Android and iOS devices. With this app, you can sell and buy 16 various cryptocurrencies. You can make simple withdrawals and deposits with eToro.
Coinbase
If you're a newbie in bitcoin trading, Coinbase can be a good trading app for you. It is easy to use and enables you to sell and purchase 22 various cryptocurrencies. It is registered as a Money Service Business, so you don't need to worry about your safety and security when making bitcoin transactions.
YouHodler
This app for crypto comes with various cryptocurrency-based products. It can also support crypto loans.
BISON
Another quality app that you can trust is BISON. It is easy to use and allows you to connect with other traders in the world. It also offers customer service to accommodate your needs.
With a crypto trading app, you can have more convenient trading. Make sure to choose the best trading app that suits your needs and standards.
Conclusion
You can conduct crypto transactions on your Android or iOS devices with the use of a reliable cryptocurrency trading app. You can sell or buy coins without hassle since an app comes with advanced features for its users.
Crypto trading is a good way to make transfers without manipulation. Thus, there is no government, banks, and any authority involve in making transactions. In addition, there are also alternative ways to maintain secure and safe crypto transactions. Trading with crypto can be challenging, especially with the risks you can encounter. Therefore, you must apply strategies to improve your trading.
