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1. How to trade cryptocurrency: key points and tips 1) A Few words about crypto The first digital asset, Bitcoin, was founded in 2009. Different projects then gave the world more and more alternatives, such as Ethereum, Litecoin, Ripple, Bitcoin Cash and others. According to Coinmarketcap, there are more than 2,000 cryptocurrencies. Active traders are spoiled for choice. However, less active or new altcoins may have limited trading opportunities as they provide fewer buyers when it's time to sell. Traders want to be sure of their success, so they only focus on some of the leading cryptocurrencies. How traders define the value of different projects Crypto coins are generated by computational alchemy, also known as mining, that requires a lot of processing power to produce new coins. The higher the hashrate is for each chain, the more transactions the chain can process. This gives rise to greater demand and value. 2) What is cryptocurrency trading? Trading is an extremely complicated activity. It's not just about money and mathematics but also about stress, information processing, fast decisions and cool, collected actions. Warren Buffet, George Soros and Steven A. Cohen all build capital today because they understand how the market reacts to different facts. Therefore, they understand trading. Michael Novogratz is one of the most successful cryptocurrency traders. He made his fortune on Bitcoin, Ethereum and different ICOs. How? He understood cryptocurrency trading. In 2013, he remarked that a trader could invest in Bitcoin, come back a few years later, and see their investment greatly increased.

2. He was right because, at that time, Bitcoin was trading at a price of around $200 per coin. In 2017, it had reached $20,000. Even now, it's much higher than $200. The profitability of Novogratz's cryptocurrency investments turned out to be incredibly high. 3) How to buy and trade cryptocurrency You're almost ready to start earning money. But if you want to get something, you have to give something. This rule applies to crypto trading, too. You should send fiat money (or crypto from your wallet) to the exchange. 1. Create an account on an exchange. 2. Verify it. 3. If your budget consists of fiat currency, you need to create a payment channel. 4. Verify your identity (if necessary). Usually, exchanges ask for this information because of anti-money-laundering (AML) policies. The other reason is security: they combat trading bots. 5. Deposit funds. 4) Best crypto wallets for trading When choosing a digital wallet, you should analyse its history and security issues. It defines the reliability of your investments. We analysed the market and completed a list of the best crypto wallets for trading. The final decision was based on security, the number of cryptocurrencies that could be stored and fees. Coinbase Exodus Copay Jaxx BRD Ledger Nano S, Trezor and Keepkey (for long-term trading). 5) 5 golden rules for crypto trading We can't teach you everything about cryptocurrency trading. Why? Because experience plays a big role. You have to practice to double and triple your capital. It's the first and foremost rule.Fake it 'til you make it.

3. Next, analyse as much as possible. He who owns the information owns the world. You can't be a good trader without learning everything about the market. Don't trade over your capital. Remember about real life. If you don't have enough money for food and taxes, you won't have a clear head to make the right decisions while trading. Understand the cryptocurrency you are buying. Even if your portfolio consists of 30 different coins, you have to know everything about each of them. It's the only way to invest appropriately. Lastly, remember that it's OK to lose sometimes. You can't always win. If you lose, keep a cool head.