How to Trade Cryptocurrencies - Definitive Guide

How to Trade Cryptocurrencies - Definitive Guide Anyone who is remotely interested in learning about cryptocurrencies has participated in some form of trading. As it receives more and more widespread attention, newer players want to enter the market and get their share of the crypto pie. So to assist those people enter this exciting market, we've created this "Cryptocurrency Trading Guide".

In this guide, we will walk you through all the steps to become a crypto trader. We will go through the following sections: 1. Trade from Fiat to Crypto.

2. Cryptocurrency storage.

3. Crypto to crypto trade.

How to Trade Cryptocurrencies: Fiat to Crypto Trading

So, you have some money that you want to invest. How are you going to do it? The portals that connect our world to the crypto worlds are called "cryptocurrency exchange." There are many exchanges, however, before you decide to invest in one, there are certain things that you need to consider. Let's call this the "Exchange Checklist." 

Validity : Before doing anything, first make sure the exchange is available in your area.

E.g. Coinbase, one among the most important exchanges, isn't available in India and Indonesia. So before you do anything, check this out.

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Reputation : The next thing to check is the reputation of the exchange. Are people happy with your services? Have you been hacked recently? How safe is it? Have people complained about that? Twitter and Reddit are good sources to verify this.

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Exchange rates: Next we have the exchange rates. Different exchanges have their own exchange rates that can vary. Do your homework here and research 3 or 4 exchanges and their fees.

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Security: Always choose exchanges that need some kind of identity verification from you. Although they can take time, they are easily 100 times more secure than anonymous exchanges. At the top of the day, it's your hard-earned money. you would like to require that extra step to stay it safe.

You can do your own research and choose your exchange; however during this guide we are getting to accompany the foremost popular crypto exchange out there, Coinbase. So, let's start trading!