Category: Cryptocurrency

A simple guide to cryptocurrency trading for the beginners

Cryptocurrency has been around for a while now and everybody wants a piece of it. Cryptocurrency is the hotcake of the decade and is posing a great promise across industry sectors. Not only it is disrupting the financial sector but also changing the shape of almost every industry in the world. Be it travel, healthcare, retail, or IT, cryptocurrencies are the future. Although the growth looks promising, it is challenging as well. 

Therefore, before you start investing or trading in cryptocurrencies, you must understand the style and structure of crypto trading. Fortunately, in this article, we will discuss the same. Taking knowledge from the 비트겟 거래소, we have simplified the way of investing in a cryptocurrency for beginners.

Cryptocurrency trading vs. investment

Before we embark on our journey to understanding the structure and style of trading, let us get an overview of basic terms. While trading and investment sound synonymous to many newbies, we assure you they are not.

In simpler terms, trading refers to an economic concept of purchasing and selling assets. Now, assets can either be goods or services depending upon their trademark. When we are talking about cryptocurrency trading, it relates to financial instruments like stocks, currency, etc. So, if you purchase or sell any stocks of the cryptocurrency for short occasional periods, it is called trading.

On the other hand, investment percolates to holding onto the asset for a longer term for profits. 비트겟 거래소 terms investment to be a long-term strategy, thereby neglecting short-term fluctuations. However, both strategies are valid to earn profit over the investment. Now that you understand the basic difference, let us hop on to know different types of trading strategies.

Cryptocurrency trading strategies

If you are a beginner and want to do crypto trading to earn some good dollars, you must understand these strategies. The three active strategies are used by experts in the market to stay afloat even in the volatile market. These strategies come in handy as well for long-term investments with a little bit of tweaking.

Intraday trading

Intraday trading is one of the most used strategies for trading in the world. The concept is quite simple and similar to normal intraday trading. The idea is to hold an asset for a single day and exit within the same day. The traders generally purchase a few stocks at the beginning of the day at a listed price. They carefully monitor the movement and performance of these stocks during the day. And when they hit a profitable price during the day, they sell to book the profits.

But you must also know that in day trading, you may also need to book losses when the market plummets. The profits are small but keep the volatility at bay. 

Swing trading

People hold their position for a few days or weeks in this strategy. This strategy is quite useful to those who can’t keep their eyes glued to the performance and have another job to do. However, you must be vigilant about the trend and performance of cryptocurrencies.


Scalping is the shortest duration strategy where you can hold onto a cryptocurrency for a few seconds or minutes. It means that you can just buy some units at the listed price. And once you see the prices soaring, you can sell those units and book a profit. You can keep on doing it for the whole day to accumulate small profits throughout the day.

Get to Know Everything about Cryptocurrency

Cryptocurrency or crypto is collectively known as cryptocurrency. This is one of the top-notch forms of currency that has been used for a while but has gained fantastic popularity nowadays. 

This is a digital or virtual form of currency but allows people to go for secure transactions. There is no regulating authority, or central issuing of this currency, and it helps people for keeping the record of the transactions as well. 

The 바이비트 수수료 new unit has a decentralized system which is one of the beautiful reasons to use cryptocurrency as a digital payment. So let’s get straight into the crucial details of cryptocurrency.

What is cryptocurrency?

Many people or aware of the term cryptocurrency. This is a digital method of doing transactions with a peer. This is the system that allows people to make transactions anywhere, anytime. It not only helps to send money but is also helpful for receiving the payments. 

Cryptocurrency has changed the way of think of people because instead of getting physical money around, it is good to make an exchange in a digital form. This exists entirely in the digital entries on the online database. 

But do not worry because the entire record of using the cryptocurrency has been recorded in the digital wallet. Moreover, for the making of the cryptocurrency transaction, there has been using the advanced coding to ensure the safety and security of people.

Examples of cryptocurrency 

The primary examples of using cryptocurrency are listed below –


The first and most famous one is bitcoin. It was founded in 2009 and was the first one that has become most common nowadays. This is used by many people.


ripple is one of the cryptocurrencies that was founded in 2012 and helped people to go for the tracking the transactions quickly. The company behind using the ripple is working with many financial institutions.


The next one is litecoin, which is a currency similar to bitcoin. The beneficial aspect of this cryptocurrency is it allows people faster payment and more transactions.


the last one is ethereum, which was developed in 2015. This is one of the famous cryptocurrencies seen after bitcoin.

How does it work?

The working of cryptocurrency is similar to the physical one, but you are not risking your money there. The best part of using cryptocurrency is people are able to maintain all records of their transactions. 

It gets updated in the currency holders. The purchasing of currencies is possible from the brokers and is easily spent using wallets. 

People can easily make the transaction from one person to another without letting another party interrupt their business. The first type of cryptocurrency used was bitcoin, which was introduced in 2009.

How to buy cryptocurrency?

To buy cryptocurrency, there or specific steps to follow. These steps are broadly divided into three.

Step one

The first step involves choosing the right platform to buy cryptocurrency. Always choose traditional brokers or dedicated ones for cryptocurrency exchange.

Step two

Step two involves funding your account. This one is important to purchase crypto. The purchase of crypto can be made through Credit cards without risking your information. These currencies are highly volatile and advisable.

Step three

The last one is placing your order. The order can be placed through the brokers, and it can be done by mobile platforms or websites. It is a simple way to place the order just by selecting and clicking on the by option. After filling in the crucial details, you are done with it.

Things you can buy from cryptocurrency –

E-commerce sites

The first type of thing you can easily purchase from cryptocurrency is tech products. There are many companies that accept crypto on their platforms if you want to buy these products.


The next type where you can use cryptocurrency is cars. There are many car dealers in the mass market who allows receiving the payment in the form of cryptocurrency. Undoubtedly, it is used by high-end luxury dealers.


all the types of insurance except life insurance accept cryptocurrency for the premium payments. But the retailer will not receive it directly.


The best use people can make of cryptocurrency is buying luxury goods. As a result, many luxury retailers are accepting cryptocurrency as payment, especially online luxury retailers.

Benefits of cryptocurrency –


If a person wants to send and receive money from someone, then there are various ways to send cash from one account to another. Using cryptocurrency helps people to make transactions faster. The transaction can be completed in a matter of minutes with a secure network.


The third-party cannot sign transactions in your crypto wallet until you give the private key. Also, people cannot recover their funds, which becomes more secure for people to use cryptocurrency for transactions.


A cryptocurrency transaction is a tool that looks upon various features such as transaction daughter, when, where, and how much it is done. People can easily see their crypto wallets.


Cryptocurrency is a digital method that does not rely on verification transactions but helps people to do peer-to-peer transactions easily to someone and somewhere. There are many forms of cryptocurrencies available out in the market that people can purchase according to their basic needs. However, there is a significant step to follow for buying cryptocurrency. The in-depth detail is mentioned above.