Although there are a large number of people who have been entering cryptocurrencies for years, making a huge profit, there are still many who would like to embark on this “adventure”, but do not know where to start, what currency, and which way of investing is most profitable, as and which platform to choose.
When we talk about cryptocurrencies, it is known that Bitcoin is the strongest currency in the crypto market. Since its inception, this currency has grown steadily. However, this does not mean that there are no other currencies worth mentioning. Some of them are Ethereum, Litecoin, Ripple, Bitcoin Cash, and many others.
While some prefer trading, others prefer to opt for mining. You need to know that both types of investments can bring you a profit, but trading will do it much faster, because the value of coins changes every day, and sometimes several times during the day.
When it comes to platforms, they allow the exchange of one cryptocurrency for another and provide a multitude of investments in digital assets, which you can do through cryptocurrency funds. There are many of them today and crunchytricks.com will help you to find the best, and you can also look here to make a decision more easily.
1. eToro
This is one of the leading platforms for cryptocurrency trading. The platform is very easy to use, and besides cryptocurrencies, investors use it to trade stocks, commodities, and more. The platform was founded in 2006 and today cooperates with several daughter companies around the world. Some of the good sides of using this platform are that the minimum deposit is $ 200 (which is more than good news for investors), it offers a wide selection of merchandise (over $ 200), and it has also proven capable of following the rules and not cheating traders, precisely because the regulated broker is under various jurisdictions.
2. Voyager
What makes Voyager stand out in the sea of other platforms is the tendency to provide customers with powerful tools for analyzing various digital currencies and mapping. Also, it is possible to buy ten different coins, and the minimum trade size is $ 10. Customers have full support in the form of the latest news that they can access via their phones, and tools and charts are there to change the time frames and update the news.
3. Blockbid
This platform is based on the Ethereum chain, and for each token purchased through the Initial Coin Offering (ICO), it is possible to get a significant discount. Blockbid achieves a capacity of one million transactions per second, and its operation is compliant with anti-money laundering laws. Currently, this platform works on the world’s fastest network that connects 180 locations on as many as five continents. We will also say that the Blockbid platform uses the popularity of blockchain technology to attract investors of different profiles and from different markets.
4. Robinhood
Robinhood allows trading in stocks, exchange-traded funds, and cryptocurrencies. There are also no commissions or fees. Trading takes place during market hours, which allows you to know exactly what you are up to.
5. Coinbase
Coinbase is considered the world’s largest Bitcoin broker and is used in 55 countries. You buy cryptocurrencies directly from a broker and there is no bidding. This platform is recommended for beginners and is good for preventing hacks. Is it safe? It is if you know how to deal with it. As with any other exchange office, you must keep cryptocurrencies in your wallet, which is off of that platform. The reason you have to do this is a large number of hackers trying to steal coins.
6. TD Ameritrade
Although there is no minimum stake, you will need $ 2,000 to access margin trading privileges. What new traders can see the benefit of using this platform is to explore different TD platforms, making ropes in this way. The more experienced should be based on Thinkorswim, which is a paid TD Ameritrade platform. Thinkorswim provides you with feeds with all the data and has become the most popular among traders.
In addition to platforms, what can save you time, and help you if you do not have a lot of knowledge about cryptocurrency trading, are various applications that do all the work for you. But how? Very simple – the trick is that these applications use artificial intelligence and thanks to it, they can recognize changes in the market faster than humans. Thus, you get an advantage of 0.03 seconds. Although it sounds like a small advantage to you, it is more than enough to “grab” the profit.
How to choose the right platform?
Before you decide on a platform, you need to know that many have been deceived and that it is very important to approach it with caution. Before investing, it is good to check reviews and licensing. Also pay attention to the specifications that a particular platform offers you, but also to the interface, because you need to be clear about everything you need, without unnecessary gadgets that will confuse you.
What you need to know is that there is a difference between a platform and an exchange office. Although both belong to cryptocurrency services, they differ in purpose – in exchange offices, money is exchanged for cryptocurrencies and vice versa, while on platforms it is traded.
Conclusion
In this business, it is important to be patient and wait for the right moment to buy or sell. Investing and trading should be approached carefully and responsibly to avoid possible fraud and losses that you may have been affected by. It is very important to provide a secure wallet – better cold than hot because it does not require an internet connection and is therefore protected from hacker attacks. Consider the help of a broker and even the application itself, which will do all the work for you, a smart investment in future earnings, and when choosing a platform, pay attention to its quality, investment availability, and customer service.
