How to Start Crypto Trading: A Four-Step Guide
1. Pick an exchange to trade on Just like fiat finance, to invest in cryptocurrencies you need a place where these coins are traded. To commence you will need to register and put some funds into your account, and then start buying and selling crypto. There are a number of popular crypto exchanges, for example: Binance Coinbase EXMO Bitmex Huobi Bitfinex Such websites can have different terms of service and their trading platforms may differ a lot, so it is best to research and go through several reviews of exchanges (here are two: one, two). This will help you to choose a venue that suits you best. According to CryptocoinCharts’ statistics, there are currently almost 200 cryptocoin exchanges with a total daily trade volume of $3.24 bn though not all of these marketplaces are reliable. Situations where crypto traders lose their money due to the exchange being hacked happen on a regular basis (here are some examples: one, two, three). There are also some cases where exchanges suddenly t