the simplified guide for beginners!

Cryptocurrencies are virtual currencies that allow decentralized transactions, either outside the banks, without going through intermediaries. Like any other traditional currency, this digital currency can be bought, sold or even exchanged, depending on its market price.

In the universe of the cryosphere, you will not find a single cryptocurrency, but several hundred currencies, each with their own characteristics and value.

If this virtual world fascinates you and you want to get to know it cryptocurrency trading, this little guide is made for you!

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What exactly is cryptocurrency trading?

Cryptocurrency trading refers to any trade related to its digital assets that leads to the generation of profits. A trader will open an account on a reliable and secure crypto exchange and then take care buy and sell digital assetsby trading the price movements of its virtual currencies.

Since the cryptocurrency market is known to be much less stable than traditional fiat currencies, many manage to stay afloat by to buy cryptocurrency at an attractive price and resell them later when their value increases.

Another very interesting solution to cryptocurrency trader is to go through CFDs. This derivative product allows you, without having cryptocurrency, to speculate on their price movements. For example, if you believe that the value of a currency will fall, you will position yourself to sell, whereas if you rather believe that the price of this currency will rise, you will position yourself to buy.

Your gains, as well as your losses, will be largely calculated on your positioning. Of course you have to mobilize part of your capital to be able to retailer of cryptothanks to leveraged products such as CFDs.

Trade cryptocurrency in 5 steps!

Currently, the cryptocurrency market is worth several billion dollars and has allowed a large number of users to earn a fortune. So why not you?

If you want to take your first steps cryptocurrency trading, through this little guide we will accompany you step by step in this process, to quickly become efficient in this area and who knows maybe how to generate profits:

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  • Sign up with a cryptocurrency trading platform such as KucoineToro, Kraken and many more;
  • fill in the requested information and send the supporting documents related to your identity so that they are verified;
  • fund your account by depositing funds according to the payment method that suits you best (Euro or other);
  • find the cryptocurrency you want to trade in the list of the exchange page and pair it with your fiat currency;
  • now that your account is fed with crypto, simply place a trade order and voila!

To emphasize that cryptocurrency trading consists of making more or less risky transactions, because these virtual currencies are well known to have an unstable course. You can either make a fortune or lose big! So remember to make careful investments to avoid breakage!

Some cryptocurrency exchange platforms even offers a lot of trading tools to help you make the right choice of trades and minimize risk!

This article does not offer investment advice and is for informational purposes only..

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