A Beginner Guide - How To Trade Crypto Currency

We will explain how to trade cryptocurrency for beginners.

​To start trading cryptocurrency you need to choose a cryptocurrency wallet and an exchange to trade on.
From there it is as simple as getting verified with the exchange and funding your account (a process that can take a few days).

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Once you are verified and have your account funded, the only thing left to do is to buy or sell crypto using the crypto exchange here’s some tips below (What’s A Crypto Currency Exchange?)

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1. A cryptocurrency wallet. For example, Trust Wallet, Trezor, or even the wallets offered on Mycointainer.
2. A cryptocurrency exchange (or two) to trade on. For example Coinbase, Uphold, or Binance.
3. Trade fiat to crypto (for example US dollars to Bitcoin or Tether to US dollars).
4. Trade crypto to crypto (for example Bitcoin to Ethereum or Ethereum to Polkadot).

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Crypto Tip: Cash App Or Coinbase Etc What’s The Difference?

Use Cash App if you wish to continue things simple and just buy Bitcoin, use Coinbase if you are bracing for real cryptocurrency investing and trading, and then when you have mastered Coinbase move onto Coinbase Pro, Binance, and Uphold to get a wider selection of crypto assets.

If at some point you feel like you have mastered trading and risk management strategies, then you may want to consider leverage and derivatives trading. Trying to do this out of order can lead to actual issues, so we suggest learning to walk before you run here.

​ At any point in this process, we recommend getting a hardware wallet like Trezor and storing your long-term holdings in your wallet. Still, once you learn the ropes, educating yourself on other aspects of crypto like mining and stalking with Mycointainer also how blockchain and smart contracts work well enlightened you.

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