5 steps to trading cryptocurrency - Deepstash

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5 steps to trading cryptocurrency

5 steps to trading cryptocurrency

  1. Make a cryptocurrency brokerage account. Coinbase, Gemini and eToro are good crypto brokerages. 
  2. Fund your account. Connect it to your bank account. Most crypto brokerages offer bank funding through debit cards and wire transfers. 
  3. Pick crypto to invest in. Most active cryptocurrency traders use Bitcoin and Ethereum but they also allocate a part to smaller altcoins.
  4. Choose a strategy. Some choices to teach you how to invest in foreign currency are Asia Forex Mentor and One Core Program.
  5. Consider automated crypto trading with a platform like Coinrule.
  6. Store your funds in a cryptocurrency wallet.

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MORE IDEAS FROM THE SAME ARTICLE

  1. Learn how to read the charts. The best way is through price action - a technique used by most professional traders.
  2. Trade with a proven trading strategy or a combination of strategies.
  3. Have a solid trading system

A cryptocurrency's price can fluctuate over 10% in one day. It is great if you're looking for high returns, but not for the risk-averse investor.

Ensure to invest in cryptocurrencies that have a solid team backing the project.

Coinbase is a good option for new investors as it has a free cryptocurrency conversion feature where you can trade your crypto for any other token that Coinbase supports.

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created 3 ideas

one sided and annoyingly incorrect copy, at least the list of protocols is of the big players

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