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Trading was always in trend. We trade goods, information, skills, time, experience, and money. On the money exchange platforms or in the banks we trade money, we exchange one currency for another. Many people make money from money speculation. Today cryptocurrency trading became one of the most popular directions of trading.
Cryptocurrency trading
In general cryptocurrency trading is exchanging one cryptocurrency into another cryptocurrency or into fiat.
Trading cryptocurrency is the same as trading fiat. It is risky and depends on different circumstances. But at the same time, it can be very profitable too.
For example, if you bought Bitcoins just a month ago when its price was around $10,000 and sold it today when its price jumped up to around $35,000, then you will get a profit of 250%.
But before starting to trade cryptocurrency you need to buy them. You can do it very easily on any exchange platform. For example, on Binance. Deposit fiat to your wallet and buy cryptocurrency.
A few tips
If you are a newbie I would recommend you learn what is trading and what is cryptocurrency first. Also, check popular cryptocurrencies, check the companies that released them.
The crypto price depends on different conditions. And first of all, it depends on the nature of that crypto. Each crypto has its own whitepaper, purposes, source, etc. Some cryptos are connected to the USD, some are connected to the oil, etc.
Therefore, you need to learn first, and then start to trade with small amounts of money.
What if you don’t have money…
It is obvious that you need to have a basic amount of money to start trading. But what if you want to try trading but don’t have free money?
Don’t worry! There are plenty of ways to earn free cryptocurrency. You can roll faucets, play games, write a blog, etc.
If you have any suggestions or recommendations on cryptocurrency trading, share them with others!
