How and where to trade Cryptocurrencies

Getting started

Here we will aim to give you the knowledge you need to get going with trading cryptocurrencies. 

If you want to start trading stocks you need a bank account and access to the stock exchange, with cryptocurrency it is very similar. You will need two things to get started:

  • cryptocurreny wallet to store encrypted passwords that represent coins/tokens (this could be considered the same as storing money in a bank account).
  • A cryptocurrency exchange account which is like a stock or currency exchange  (somewhere people trade cryptocurrency for other cryptocurrencies or fiat). 
  • Some cryptocurrencies bought previously (find out how)

In the grid below we have shown the most popular options of exchanges.  There are more out there but these are commonly used and userfriendly.


choose
your
 exchange

Location

Sign up

Deposit options

Fees

Security

Trading options

Listed Coins

Own coin

Mobile App

Customer support

Your Terxt

Binance

Hong Kong / Malta

Crypto

0.1% 

2FA / Email

Limit, Market, Stop Limit

100

BNB (fee reduction)

Android / IOS

Ticketing system

Kucoin

Hong Kong / Singapore

Crypto

0.1 %

2FA / Email

Limit

150

KCS (profit share)

Android / IOS beta

24h Chat

Coinbase

San Francisco

Card / Bank / Crypto

500GB

2FA

Limit, Market, Stop Limit

5

Android / IOS

Bitmex

Hong Kong

BTC

1000GB

2FA

Limit, Market, stop limit etc

6

Leverage Trading

Trading in general an even more in cryptocurrencies is always risky. These are markets that are incredibly volatile but that is  part of what makes them so attractive.

Some traders do not think the volatility is enough and the next step is leveraged trading. This is a form of trading that can reward someone wiht huge profits but can also wipe out your account faster then you can blink.

It really is a double-edged sword that many see as worth the while and it continues to gain in popularity.  If you do want to try out leveraged trading then Bitmex is the most popular exchange with the biggest volume worldwide.

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