Cryptocurrency for beginners
In 2013, I had a dream about a digital currency, but it didn't work out as planned. A few months later, there was an announcement that it would be possible. The name is called Bitcoin. As soon as the news broke, everyone started talking about this currency, and its value began to rise quickly and completely. There is no doubt, for me, it became so popular that almost everyone can have one, and its price began to reach more than $500,000.
Nowadays, many people use bitcoins as their bank account or store online, and even buy bitcoins with their smartphones and tablets. And you know what? It's not just Bitcoins, its cryptocurrency market has all kinds of currencies. So, the question of how to earn bitcoins without trading and buying them is still very open. And in my opinion, the most popular and reliable method is using coin base, which is one of the best platforms to buy bitcoins.
Points to contemplate
The first thing you must do when choosing a coin to trade is your preferences regarding Bitcoin or any other cryptocurrency. Remember that as a trader, you should always remember the goal which you set. When selecting a coin to trade, consider if your goal is simply to generate profit or to become famous at the beginning of trading. Think about your main goals, then select your profitable ones and follow the steps set by you. Don’t allow yourself to forget about every other factor and forget about your emotions. Remember your objectives, then choose your profitable ones. After selecting your chosen coins, remember the last part - don’t let negative feelings distract you. It will help you and it will give your mind a rest. Try to avoid thinking about your goals and be focused on your chosen coins. These are the main tips to consider when choosing a suitable coin to make your dreams come true. Investing in cryptocurrencies may seem quite challenging and scary, but it doesn’t have to be difficult.
Ways to Earn from crypto
If you are looking for ways to earn from crypto, look no further than Coin base which allows you to buy, sell, and earn bitcoin. All you need is a computer and an Internet connection to make cryptocurrency transactions. In contrast to exchanges, the Coin base has low fees and high limits which protect traders from high prices. To start trading, visit click here or download the app on your smartphone. On your homepage, enter the email address where you would like to receive updates about upcoming offers and products and wait for your order confirmation. Then go to the “Buyer” list. Select the coins you want to buy, and you can start buying.
At this point, keep these four factors must be in mind to get maximum profits.
1- Do not forget about the minimum order amount.
2- When choosing the next order, stay within the “Buyers” list as well - the highest order will be added to the list.
3- Next, choose the amount that meets your criteria - the higher the order amount, the less commission you pay per transaction.
4- Finally, check the dashboard for any changes in your order list, and click the “Confirm purchase” button, it can be complete instantly. Pay your trading fees to gain access to a wide selection of coins. There are three payment methods: credit card, debit, and net banking transfer.
Credit cards are the easiest way to start trading. Use such services as Visa, Master Card, American Express and Discover to start buying bitcoins, then use PayPal / American Express to send money in their wallet. Also, choose between two exchanges - Binnacle and Kraken.
Trading
If you want to trade bitcoins, the second place to start is Binance. This platform allows you to easily send and exchange money, and also allows instant exchanges. But be aware that Binance charges 10% for each BTC exchange, while other exchanges offer 0.01%. There is no limit to trading, so you can trade up to 100 coins in no time. Also, Binance introduces several security features with each contract, including insurance to recover lost funds, fraud protection, and margin trading.
However, some
drawbacks are connected with a few risks. Binance
offers different types of tools to make your trades, but unfortunately, there are many issues with making payments
and sending money on Binance. Another problem
is the high costs which do not correspond to real profits. There are multiple exchange
operators who try to offer cheap rates, but I do not recommend them, because they are often limited in terms of the
number of markets on their services.
Despite all these difficulties, Binance remains the largest exchange for trading currencies. That is why Binance is
the second recommended choice.
The third place where people can
spend their money is with Kraken. Kraken is founded
in Iceland and currently has more than 6 million users worldwide, and also a large community of independent
traders. Kraken allows buyers and sellers to exchange their assets through private auctions. With Kraken, you can use fiat currencies, spot contracts, or futures
markets for example, and all these instruments
allow cryptocurrency. Only one thing - Kraken supports only BTC and ETHs. No matter what type you are
purchasing, you need to convert, pay, and
transfer your cash.
Conclusion
In conclusion, I would like to say
that investing in cryptocurrencies is the right option for a beginner and an experienced trader. From my
experience, most successful traders
don’t want to invest directly, they try to take advantage to collect the interest on their investments
and profit by selling their shares via exchanges. And remember that being patient is
absolutely essential here. Keep monitoring
your balance and stop doing stupid decisions if you don’t have enough time to think over everything before
you make a decision.