Kunal goes over 3 tips to start trading cryptocurrency. For beginners, it can often get overwhelming with the mass amount of information you can dive into involving cryptocurrency & blockchain, let alone trading itself.
The first thing to look at is finding the best exchanges which work with your fiat bank account, provide liquidity, the proper trading tools, and the coin pairs you want to trade. From our experience, Coinbase is the best for connecting your bank account if you live in the United States. For platform use, Binance is our go-to. Their Iphone trading app is definitely one of the best mobile crypto trading apps available on the market. Their desktop software is also very sophisticated and they have a vast array of coins to trade. The final exchange which has had some issues in the past but still has one of the highest liquidity and users is Bittrex.
The second thing you want to look at is security. Always enable your two-factor identification on all your devices and accounts as well as login alerts, to make sure that any account activity is controlled under you. For any long-term holding, purchase a trezor or nano wallet which are cold storage and top of the line security.
The final thing to look at is the type of trading you want to do. If you are in investor your are going to have a very different strategy than that of a short-term momentum trader.
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