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Cryptocurrency Trading on Exness Reviewed by E-Broker.com

Cryptocurrency Trading platform - exness terminal
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 Crypto Trading

Cryptocurrencies are arguably the most unique and unpredictable market in the world of trading. This means millions of profit or a complete loss. Here is how:

Article created:

01.07.2024

What is Cryptocurrency Trading? Reviewed by E-Broker.com

Explanation of what cryptocurrency trading is and how it works. Reviewed by E-Broker.com

Cryptocurrencies are digital money living on the internet. Each cryptocurrency is just like a valuable commodity. It has unique features. Some of them are representatives of huge networks, or blockchains, some of them are related to security, or some of them are just popular. Even today, it is the most feared market due to high volatility. Most important cryptocurrency is of course Bitcoin (BTC) with more than a trillion dollar market cap. Rest are altcoins, meaning anything other than BTC.

exness Cryptocurrency Trading bitcoin and altcoins
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Trade crypto

Reasons for the Popularity of Cryptocurrencies and Cryptocurrency Trading Reviewed by E-Broker.com

As indicated, they are high risk high reward investment / trading objects. It is possible to make 300 or maybe even 500 % profit in a month or weeks, while in other markets %20 profit is a big deal. This is the reason why cryptocurrencies are very popular due to the high possibility of earnings.

Why Choose Exness for Cryptocurrency Trading? Reviewed by E-Broker.com

Exness platform has many features to make trading easier, thus it also has three main cryptocurrencies as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

You can use all the available trading tools in Exness terminal to analyze cryptocurrency trends and markets.

exness-unique -ryptocurrency-pairs
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Exness Cryptocurrency Trading

Exness also has unique cryptocurrency pairs those are:

Exness also has a menu for sending Bitcoin (BTC) or Tether (USDT).

In addition to those described above, it is possible to trade such:

Exness Platforms for Cryptocurrency Trading Reviewed by E-Broker.com

Exness platforms for mobile or for PC supports cryptocurrency trading.

Exness Platforms for Cryptocurrency Trading all devices

Strategies and Tips for Trading Cryptocurrencies on Exness Reviewed by E-Broker.com

Key Strategies for Cryptocurrency Trading Reviewed by E-Broker.com

Just like any other trading, you should be aware of market news as well as often visit cryptocurrency news and updates. Global news affects cryptocurrencies such as FED decisions. FED decisions are related to interest rate which means investors of cryptocurrencies can withdraw money or buy more. The market can have psychological rises or falls based on news or speculations.

An important definition is: coin has a network, token is a cryptocurrency that lives inside a network. For example: Solana(SOL) is a cryptocurrency and a network just like Ethereum (ETH). Book of Memes (BOME) is a unique meme coin that works under the Solana network. Most of the cryptocurrencies represent a project with a white paper, publications in terms of security. Some of them however represent people or ideas as well as memes.

Exness Cryptocurrency Trading: ETH trading in platform terminal
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Try Strategies for Crypto Trading

Tips for Market Analysis and Selecting Cryptocurrencies Reviewed by E-Broker.com

Before buying any cryptocurrency, you must DYOR (do your own research) and make sure that coin is legit and active. You can use technical analysis tools to understand the behavior of for example Ethereum in a year and make predictions.

There  are cryptcurrency coins that go up or down based on the market (BTC), (ETH), (SOL)  and you also have stable coins. The main stable coin is Tether (USDT) follows the price of 1 dollar exactly all the time.

Thus, once you get profits, you can convert your earnings to Tether (USDT) to avoid further risk, wait and trade again when you think it is the right time.

What are the Types of Cryptocurrency Trading? Reviewed by E-Broker.com

Day trading, also known as intraday trading, is a popular but risky method in the crypto market where traders buy and sell assets within the same day to make profits. Professional traders often earn most of their money this way.

Swing trading, on the other hand, involves holding trades for several days or a week. Swing traders don’t use a lot of leverage like day traders and usually keep their positions overnight. They use technical analysis tools to predict price swings and aim to profit from these movements.

Investors usually hold assets for the long term. Unlike swing or position traders, their goal is often to diversify their portfolio rather than just betting on price increases. In the future, investors will likely gain exposure to the crypto market through exchange-traded funds (ETFs), which are traded on stock exchanges and hold a large amount of cryptocurrency assets.

Cryptocurrency Trading Hours on Exness Reviewed by E-Broker.com

You can trade cryptocurrencies 7/24 without any time limit or any issues.

Security in Cryptocurrency Trading on Exness Reviewed by E-Broker.com

Exness broker offers up-to-date security to protect your money and all trading activities including cryptocurrency.

Keep in mind that using cryptocurrency transactions are irreversible, this means the address of your cryptocurrency wallet is unique and must be written exactly as is.

While sending or receiving cryptocurrency such as USDT pay attention to the network type as well. There are different network types such as Solana, TRC20, ERC20 or BNB and more, during the transaction, make sure that network for payer and receiver is the same, as well as the address of wallet.

Remember cryptocurrencies are also payment systems that you can send/receive money using the chosen coin.

Cryptocurrency pairs on the exness trading platform
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Exness Crypto Trading

Frequently Asked Questions about Cryptocurrency Trading on Exness Reviewed by E-Broker.com

Which Exness platforms support cryptocurrency trading?

Exness mobile and Exness PC versions support cryptocurrency trading.

How to Analyze Cryptocurrencies for Trading?

Use technical analysis tools, historical data and news. In the Exness app, you have access to news every day related to all markets.

What are the risks of cryptocurrency trading?

Cryptocurrency trading is risky and the markets are very volatile for several reasons. For instance, Bitcoin’s market is highly volatile because there is a limited supply of 21 million Bitcoins. When demand suddenly increases, the price can rise dramatically.

What is a Blockchain?

Blockchain is a shared and unchangeable record that helps record transactions and track assets in a business network. These assets can be physical items like houses, cars, money, or land, or non-physical items like intellectual property, patents, copyrights, and brands.