Crypto Currencies Exchange Recommendations And How To Start
Before You Start Trading Cryptocurrency
Below are a few of the most important things to know before getting started:
- A cryptocurrency exchange is not part of the regular stock exchange. Below we will suggest using an exchange/broker “Coinbase” , but you can also use any of the platforms that you wish. Neither of these are the same as Wall Street and its exchanges (same general mechanics, different specifics, and different entities).
- The simplest platform to trade, and store coins are Coinbase (and the tutorial below will help you get set up with that), but you can only buy, sell, and store Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on Coinbase.
- The cryptocurrency market is insanely growing. You can make a fortune in a moment and lose it in the next. Our experts add- If you trade only the top coins by “market cap “(that is coins like Bitcoin Ethereum), or GBTC, then the chances of losing everything overnight are slim (not impossible, but slim). Other cryptocurrencies are riskier.
- A beginner should start by choosing a platform with a good reputation(can be found on the next pages ).