JK Ortiz
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#TradingTypes101 Crypto Trading 101
On the first day of this series, we looked at what cryptocurrencies are
On the second day, we talked about blockchain, and yesterday, we talked about how you can make money from crypto and blockchain. If you missed the class, check comment section for the links or check Amanda Chisom Page's wall for the posts.
Today, we would be looking at one of the popular ways you can earn from crypto and blockchain;
Crypto Trading.
Oya drag your seat close and pay attention.
Crypto trading is buying and selling of cryptocurrencies in order to make a profit.
We have different ways you can trade crypto. But the two most popular are spot trading and futures trading.
As a newbie to crypto. You are to start with Spot trading. You can buy crypto assets when they are low and sell them when they are high.
The first thing you need is to have a wallet that can receive and send different types of cryptocurrencies, eg, trustwallet, metamask, imtoken,etc. (All available on app store).
A wallet is like your crypto bank account where you'd leep your money. While registering this wallet you'd be shown a backup phrase , please save it in a secure place and make sure it is not online. In case you misplace your device or lose the data on your device, that phrase will help you get back your wallet.
After creating a wallet, the next thing is to find a reputable exchange where you can buy and sell cryptocurrencies.
You have exchanges like binance, kucoin, bybit, etc.
An exchange is like a bank while wallet is the bank account. An exchange is where trades happen and we have two types.
1. The centralised exchanges
2. The decentralised exchanges
If I keep on writing, you people will say it's too long to read $BTC
On the first day of this series, we looked at what cryptocurrencies are
On the second day, we talked about blockchain, and yesterday, we talked about how you can make money from crypto and blockchain. If you missed the class, check comment section for the links or check Amanda Chisom Page's wall for the posts.
Today, we would be looking at one of the popular ways you can earn from crypto and blockchain;
Crypto Trading.
Oya drag your seat close and pay attention.
Crypto trading is buying and selling of cryptocurrencies in order to make a profit.
We have different ways you can trade crypto. But the two most popular are spot trading and futures trading.
As a newbie to crypto. You are to start with Spot trading. You can buy crypto assets when they are low and sell them when they are high.
The first thing you need is to have a wallet that can receive and send different types of cryptocurrencies, eg, trustwallet, metamask, imtoken,etc. (All available on app store).
A wallet is like your crypto bank account where you'd leep your money. While registering this wallet you'd be shown a backup phrase , please save it in a secure place and make sure it is not online. In case you misplace your device or lose the data on your device, that phrase will help you get back your wallet.
After creating a wallet, the next thing is to find a reputable exchange where you can buy and sell cryptocurrencies.
You have exchanges like binance, kucoin, bybit, etc.
An exchange is like a bank while wallet is the bank account. An exchange is where trades happen and we have two types.
1. The centralised exchanges
2. The decentralised exchanges
If I keep on writing, you people will say it's too long to read $BTC
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El p2p es muy confiable?, como puedo verificarlos?
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