Cryptocurrencies are digital assets that have no physical form but introduce the value and application the same as traditional money. You can buy goods and services with crypto, or you can trade or invest in it. You can become an early investor in some young project, you can earn crypto by playing blockchain games, launch a business and marketplace in a metaverse, or buy land in a metaverse and rent it out. So, crypto assets are not inferior to traditional currencies in application and value. The thing is that they are not so broadly adopted yet.
Crypto has become fairly popular for trading and investment. The reason is the high volatility of cryptocurrency values. The prices may change rapidly and many times a day, allowing for numerous earning opportunities. Traders buy cryptocurrencies at lower rates and sell them when rates go up, receiving income from price differences. It is called “trading”.
Trading implies different strategies, which are differentiated by the period between buying and selling assets and the frequency of transactions. Some strategies mean you open and close positions many times a day, receiving income in free crypto signals Telegram small portions several times a day. Other strategies imply long-term holding assets before you sell them. The decision is always based on technical analysis and market trends.
Cryptocurrency prices volatility can also be tracked by trading bots. They help traders monitor the market fluctuations and place orders automatically, without human participation but according to the user’s requirements, configured beforehand.
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Ways To Buy Cryptocurrency
Places where you can purchase crypto:
- simple exchangers;
- centralised exchanges;
- decentralised platforms.
Buying digital assets on centralised platforms is advisable for beginners, for such services are easy to handle and quite safe to use. Examples of such platforms are WhiteBIT, Binance, Coinbase, KuCoin, Huobi, etc. These services offer an impressive number of crypto assets and the possibility to buy them with fiat money from a bank card. Coinbase and WhiteBIT allow demo trading options for beginners to understand how crypto trading works and receive skills and experience using different trading tools.