![]() It’s always worth setting up a demo account first to make sure the exchange has the technical tools and resources you need. Exchanges like Coinbase offer in-depth platforms, such as their Global Digital Asset Exchange (GDAX). The cryptocurrency trading platform you sign up for will be where you spend a considerable amount of time each day, so look for one that suits your trading style and needs. That’s why many brokers now offer user friendly cryptocurrency mobile apps, ensuring you can stay up to date whether you’re on the train, or making your sixth coffee of the day. Apps & Softwareĭay traders need to be constantly tuned in, as reacting just a few seconds late to big news events could make the difference between profit and loss. ![]() Innovative products like these might be the difference when opening an account cryptocurrency day trading. These offer increased leverage and therefore risk and reward. IQ Option for example, deliver traditional crypto trading via Forex or CFDs – but also offer cryptocurrency multipliers. Some brokers specialise in crypto trades, others less so. The exchange will act as a digital wallet for your cryptocurrencies, so don’t dive in without considering the factors below first. Which cryptocurrency platform you opt to do your trading on is one of the most important decisions you’ll make. For this reason, brokers offering forex and CFDs are generally an easier introduction for beginners, than the alternative of buying real currency via an exchange. Trading crypto generally revolves around speculating on it’s price, rather than owning any of the actual coins. Unfortunately, you cannot practise on an exchange. Buy the Cryptocurrency you want, or open a trade on it’s price.Ĭongratulations, you are now a cryptocurrency trader! Remember, you can run through the purchase or sale of cryptocurrencies on a broker demo account.Check the cryptocurrency brokers list above. If you want to speculate on the price, you need a broker.If you want to own the currency, you need an exchange – Try BitMex or Binance – They are simple, user friendly apps.Decide if you want to own the cryptocurrency, or simply have a hunch that it’s value will go up or down.Scared of missing out? Here is a quick plan to get you trading cryptocurrency quickly: See all cryptocurrency brokers How To Trade Cryptocurrency Crypto Coins: ADA, AVA, BTC, DOG, EOS, ETH, LTC, NEO and many more, SHB, SOL, TRX, UNI, XRP Vantage is ASIC regulated and client funds are segregated. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Reliable and affordable trading since 2009.
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