How to Trade Cryptocurrency in June 2022

The cryptocurrency markets are ideal for traders that wish to take advantage of changing token prices and high levels of excitability. In this guidebook, you will learn how to trade cryptocurrency and make a profit as a complete novice .
In summation to the basics, we will besides walk you through the process of placing your first-ever cryptocurrency trade position with a baffle agent .

How to Trade Cryptocurrency – 5 Easy Steps

For a quick overview of how to trade cryptocurrency on-line, check out the bit-by-bit explainer outlined below :

  • ✅Step 1 – Choose a Crypto Trading Platform: You won’t be able to trade cryptocurrency unless you have an account with a trusted platform. eToro is the overall best platform to trade cryptocurrency – not least because it offers dozens of digital assets in a regulated, low-cost, and user-friendly environment. You can open an account with eToro by entering some basic personal information.
  • 💳Step 2 – Deposit Funds: You will also need to make a deposit before you can trade cryptocurrency. At eToro, you can deposit funds easily via a debit/credit card or an e-wallet payment. ACH and bank wires are supported too. If you are depositing funds in US dollars then no fees apply and the minimum requirement is just $10.
  • 📖Step 3 – Research the Market: Cryptocurrency trading requires you to research the market in order to find profitable investment opportunities. A good starting point is to look for digital assets that might be undervalued or about to break out.
  • 🔎Step 4 – Choose Which Crypto to Trade: Once you have researched the market, you can use the eToro search bar to find the cryptocurrency that you wish to trade. When you find the correct market, click on the ‘Trade’ button.
  • 🛒Step 5 – Trade Crypto: The final step is to place a trading order. All you need to do here is enter your stake (from $10) and click on the ‘Open Trade’ button. The cryptocurrency markets are operational 24/7 at eToro, so your position will be executed instantly.

clear eToro Account immediately

Cryptoassets are a highly volatile unregulated investment product. 
lucky block logo
Check Out Our favorite Cryptocurrency for 2022
As you can see from the above, learning how to trade cryptocurrency international relations and security network ’ t excessively unmanageable .
however, in rate to be a successful cryptocurrency trader that makes coherent profits, you need to have a firm clasp of how this marketplace works. As such, we would suggest that you read this guide in its entirety before continue .

Where to Trade Cryptocurrency

As a novice, it is crucial to understand the importance of choosing the right crypto exchange or agent .
After all, the platform will give you direct access to the cryptocurrency trading markets, so you ’ ll want to consider factors surrounding fees, supported pairs, tools, report minimums, and of run – condom .
If you ’ re calm wondering where to trade cryptocurrency on-line – consider the platforms that we have reviewed below .

1. eToro – Overall Best Place to Trade Cryptocurrency

etoro logo We found that eToro ticks all of the right boxes and frankincense – this supplier is the overall best place to trade cryptocurrency in 2022. eToro is a regulated on-line agent that is approved to operate in the US. It holds licenses with versatile tier-one bodies – which is inclusive of the FCA, ASIC, and CySEC .
As such, you can be sure that you are trading cryptocurrency in a fair and legitimate environment. This top-rated agent requires just $ 10 to get started with an account – and the registration process takes less than five minutes. We besides like that you have respective requital options to choose from at eToro .
This includes Visa and MasterCard payments, e-wallets like PayPal and Neteller, and ACH. All deposits and withdrawals that are made in US dollars are release of charge. In terms of supported markets, eToro is home to dozens of leading cryptocurrency assets including the best utility tokens. For case, you can invest in Bitcoin, Ethereum, Dogecoin, Shiba Inu, Litecoin, YFI, Cardano, and BNB .
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You will besides find a variety of DeFi coins and metaverse crypto tokens, which is inclusive of Decentraland, The Sandbox, The Graph, AAVE, Compound, Uniswap, Chainlink, and SushiSwap. Best of all, each and every cryptocurrency hosted by eToro can be traded against the US dollar. As such, you won ’ t need to trade pairs that contain a stablecoin like Tether .
When it comes to fees, eToro offers a very simple and competitive price social organization. In a nutshell, you will pay merely 1 % above the current bid/ask price for the cryptocurrency pair that you are looking to trade. We should besides note that eToro offers copy trading tools. For those unaware, this enables you to copy the bargain and sell positions of a successful cryptocurrency trader .
In other words, you can actively trade the digital currentness markets without needing to do any research or place any orders. Another option you have – should you wish to trade cryptocurrency passively, is to invest in an eToro smart portfolio. These give you access to a diversify basket of assets through automated trade and there are several smart portfolios that focus entirely on cryptocurrency .
For this reason, eToro is one of the best social deal cryptocurrency platforms on the market .
buy shiba inu on etoro
Another brilliant feature that we came across when reviewing the eToro chopine is that it offers free demonstration trade accounts to all of its customers. This means that after you sign up, you can trade the cryptocurrency markets risk-free – as eToro will preload your show score with $ 100,000 in newspaper money. This is a capital instrument for beginners to learn how to trade cryptocurrency .
You might besides like the eToro crypto app for io and Android. This allows you to trade cryptocurrency on the move, check the respect of your portfolio, deposit/withdraw funds, set up pricing alerts, and much more. ultimately, eToro besides enables you to invest in thousands of commission-free stocks and ETFs – should you wish to diversify your cryptocurrency trade portfolio .

Number of Cryptos 60
Trading Commission 1% plus market spread
Debit Card Fee FREE
Minimum Deposit $10

What We Like

  • Heavily regulated
  • Super low trading commissions
  • Fee-free US dollar deposits
  • Deposit funds with a debit/credit card, e-wallet, or bank transfer
  • Copy-trading tools
  • Perfect for beginners
  • Get started in less than five minutes

Cryptoassets are a highly volatile unregulated investment product. 

2. – Trade 250+ Cryptocurrency Markets With Low Fees logo The following platform to consider when learning how to day trade crypto is Launched in 2016, is one of the most popular exchanges in this outer space – not least because it offers a regulate and low-cost environment for traders of all skill sets. In total, is home to over 250 digital currencies .
This includes everything from meme coins, DeFi tokens, stablecoins, and large-caps like Bitcoin and Ethereum. Having access to such a large library of markets is highly conducive for trade crypto – as you will never be short of investment opportunities . besides stands out for its low-fee policy. The most you will pay to trade cryptocurrency here is 0.40 % per slide. You can reduce your committee by staking CRO tokens, which is the digital currency backed by the chopine. further discounts are on offer when you trade larger amounts throughout the month . review besides offers the best app to trade cryptocurrency for both io and Android. This allows you to invest in cryptocurrency with US dollars. You can deposit funds instantaneously with both a debit/credit card and ACH, albeit, the latter is possibly the best option as no fees are charged. otherwise, you will pay a transaction fee of 2.99 % should you wish to use Visa or MasterCard .
If you are thinking about taking a longer-term approach to cryptocurrency trade, offers savings accounts that pay you interest for a long as your tokens are deposited. You can earn up to 14.5 % interest per class and versatile terms are on put up – including elastic, 1-month, and 3-month accounts .
If you want to amplify the value of your cryptocurrency purchasing might, you can besides access loans here. You will be able to get an LTV of up to 50 % at competitive rates and elastic terms. finally, is besides worth considering if you looking to gain exposure to NFTs. This is because the NFT market offers thousands of singular tokens without any buyer fees .

Number of Cryptos 250+
Trading Commission Up to 0.40%
Debit Card Fee 2.99%
Minimum Deposit $20

What We Like:

  • Over 250+ crypto coins supported
  • Accepts debit/credit cards and ACH
  • New users have access to the signup bonus.
  • Offers crypto interest accounts and lending services
  • Competitive fees
  • Offers one of the best crypto credit cards on the market

Cryptoassets are a highly volatile unregulated investment product .

3. Binance – Low Fee Exchange to Trade Cryptocurrency Pairs  

The final change to consider when deciding on where to trade cryptocurrency is Binance. This platform is ideal for those of you that are searching for an exchange that offers huge fluidity levels and batch of trading markets. In fact, Binance attracts tens of billions of dollars in volume each and every day .
If you ‘re based in the US, you will have access to 80 cryptocurrencies. otherwise, if using the ball-shaped Binance web site, then this extends to over 600 cryptocurrencies and 1,000+ markets. To fund your Binance account, you can deposit money via ACH or a domestic bank telegram fee-free .
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Debit and credit card payments are accepted besides, albeit, US clients will pay 4.5 % in fees plus an instant buy commission of 0.5 %. When it comes to standard deal commissions – this is where Binance in truth stands at. This is because you will never pay more than 0.10 % per swoop. By holding BNB – the native keepsake of Binance, or trading large volumes, lower commissions are offered .
Binance is besides popular for its fully-optimized mobile trade app for io and Android. As the app connects to your main explanation, you can buy and sell digital currency pairs on the be active. In terms of storage, your Binance doubles up as a crypto wallet. You can besides download the Trust Wallet – which is backed by Binance, should you require a non-custodial storage option .

Number of Cryptos 80+ (US clients)
Trading Commission Up to 0.10%
Debit Card Fee 4.5% plus an instant buy fee of 0.5%
Minimum Deposit Depends on the payment method

What We Like:

  • 80+cryptocurrencies to trade in the US
  • Low trading commissions
  • Advanced trading app for iOS and Android
  • Suitable for technical traders

Open Binance Account Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Cryptocurrency Trading Explained – Overview 

The main premise of cryptocurrency trading is much the same as any other investment sector. For instance, just like stock trading, you will be buying and selling cryptocurrencies with the view of making a profit. You will be able to achieve this goal when you correctly predict the future direction of the market.

For example, if you stake $1,000 on Bitcoin at $40,000 per token and the digital currency increases to $44,000 – this would represent gains of 10% – or $100. And, just like stocks, cryptocurrency prices are determined by demand and supply. As such, the value of a cryptocurrency token will change on a second-by-second basis.

Cryptocurrency Trading Explained

As we explained earlier, you will need an report with a cryptocurrency exchange or broke in order to access this market. You besides need to remember that cryptocurrencies are both bad and explosive, then rampantly price swings should be expected. This makes the process of learning how to trade cryptocurrency even more authoritative .
One of the best ways to approach the market is to understand risk-management tools. For exemplar, by deploying stop-loss orders on every cryptocurrency trade that you place, you will never lose more than you are comfortable with. Bankroll management is besides significant. This will dictate how much of your account balance you can risk on a trade, in share terms .

How Does Crypto Trading Work?

In the sections below, we explain the fundamentals of how crypto trade works. Be sure to read through each section to ensure that you are able to enter this market with your eyes wide assailable .

Crypto Trading Pairs

The first base thing to note is that when you trade cryptocurrency, you will be speculating on ‘pairs ‘. Each pair will contain two assets – which can be decree or cryptocurrency, or a combination of both .
For example, when you use a regulate broker like eToro, you can trade dozens of cryptocurrencies against the US dollar. This makes it easier to assess the current and future value of your chosen digital currency .
however, when you use a cryptocurrency exchange that does not have the legal postpone to deal with US dollars, you will probably be trading your chosen digital asset against a stablecoin like Tether .
Tip:  If this is your first time learning how to trade cryptocurrency – then it ‘s best to start off with BTC/USD. This pair – which will see you trade the future value of Bitcoin against the US dollar, offers the most liquidity, least volatility, and tightest spreads .

Crypto Trading Orders

once you have decided which cryptocurrency pair to trade, you then need to set up an order. As a novice, you might want to start off with a market regulate – which allows you to place a craft immediately at the adjacent best available price .
When you feel more comfortable with how the markets work, you might then enter a cryptocurrency trade with a specify order. This enables you to specify the exact price that your order is executed .
furthermore, you will need to specify your bet on when placing a cryptocurrency trading order. This just refers to the sum of money – in dollar terms, that you wish to risk on the situation .

Crypto Trading vs Investing?

When you invest in cryptocurrency, you are typically doing so as function of a long-run scheme. This means that you can buy a cryptocurrency and leave the tokens in your wallet for respective months or years .
As such, there is no prerequisite to actively analyze cryptocurrency prices and market trends. Cryptocurrency trade takes a different approach to investment, insofar that you will be looking to enter and exit positions on a shorter-term basis .

  • For instance, you might decide to buy Ethereum on Monday morning because its price has dipped to $2,700 and then cash out on Wednesday afternoon when the token increases to $3,000.
  • In another example, a cryptocurrency trader might even open a position and close it a few hours later.
  • For example, at 9 am, you might buy BNB at $420.
  • And then at 11.30 am, when BNB hits $441, you might cash out at gains of 5%.

ultimately, while cryptocurrency investing is desirable for passive strategies, trade requires you to actively monitor and analyze the markets to stay ahead of the game at all times .

Why Trade Cryptocurrency?

There are many assets that you can trade as region of a short-run scheme. This includes stocks, forex, and even commodities like oil and gold .
With this in thinker, in the sections below, we explain why you might decide to trade cryptocurrencies as opposed to ceremonious fiscal instruments .

Market Diversity

In a similar nature to stocks, there are thousands of cryptocurrencies that you can buy and sell in the outdoors marketplace. This means that you will never be brusque of trade opportunities .
furthermore, there are cryptocurrencies to suit all fiscal objectives and appetite for risk. For exercise, if you are learning how to trade cryptocurrency as a complete novice – then you might decide to stick with large-capitalization projects. This would include the likes of Bitcoin, Ethereum, and BNB – all of which carry huge market capitalization .
trade crypto eToro
On the other hand, if you seek higher levels of volatility, then you might look to trade smaller-cap cryptocurrencies like Compound, Chiliz, Enjin, and Dash. These projects each carry a market capitalization of under $ 2 billion .
If you truly have an appetite for eminent gamble, you might even consider trading micro-cryptocurrencies that have a grocery store capitalization of under $ 100 million .


Another reason why short-run traders are nowadays turning to cryptocurrency is that this market is highly fickle – specially in relative to traditional stocks .
For exercise, it is not unusual for smaller-cap cryptocurrencies to increase in value by several hundred percentage in just a single sidereal day of trade. At the other end of the scale, the value of a cryptocurrency can decline by over 90 % in the lapp timeframe .
such huge pricing swings wo n’t be desirable if you are just learning how to trade cryptocurrency. alternatively, it ‘s best to stick with the likes of Bitcoin and Ethereum, which, will rarely move in prize by over 10 % in a 24-hour period .

Huge Growth Potential

even short-run traders can target significant gains in a short period of time .

  • For example, let’s suppose that you staked $2,000 on STEPN.
  • When you opened the trade on April 12th, 2022 – STEPN was priced at $2.20 per token.
  • On April 19th, 2022, STEPN was trading at $3.34.
  • As such, in just seven days of trading, the value of your position increased by over 50%.
  • This means that on an original stake of $2,000 – you made a profit of $1,000.

This exercise is merely one of many. The winder point is that the cryptocurrency markets provide batch of high-growth trade opportunities each and every day .
Cryptoassets are a highly volatile unregulated investment product. 

How to Make Money from Crypto Trading?

There are a wide kind of ways to make money from the cryptocurrency trade markets – which we discuss in more contingent in the sections below .

Cryptocurrency Trading Capital Gains

The main way that seasoned cryptocurrency traders make money is via capital gains. This refers to the measure of profit that a trader makes from a specific side .
You can work this out by subtracting the price that you paid for the cryptocurrency from the value at which you cashed the place out .
For example :

  • Let’s say that you stake $1,000 on ETH/USD
  • When you place the order, ETH/USD is priced at $2,900
  • A couple of days later, ETH/USD has increased to $3,100
  • This translates into gains of 6.8%
  • On a stake of $1,000, the capital gains on this position amount to $68

Do n’t forget, cryptocurrency exchanges are in the clientele of making money – so you will besides need to factor in trade fees .

Liquidity Provision

Another way that you can make money trading cryptocurrency is to provide exchanges with some much-needed liquidity. This is more of a passive trade strategy, insofar that you wo n’t actually be buying and selling digital currencies yourself .
alternatively, by depositing excess tokens into an exchange, you will be paid pastime. One of the best ways of achieving this is via crypto give farm, which, in return for depositing cryptocurrency into a liquid pool, will allow you to earn interest .

Other Ways to Make Money

In addition to the above, you can besides make money from cryptocurrency deal via :

Cryptocurrency Trading Hours

The traditional lineage markets operate during repair hours from Monday to Friday. When trade cryptocurrency, however, you will be gaining exposure to a market that never closes .
This means that you can enter buy and sell positions 24 hours per sidereal day, 7 days per week. With that said, trading volumes dip significantly over the weekend. This will result in wide-eyed pricing gaps and lower levels of liquid .
As a novice learning how to trade cryptocurrency for the beginning time, it ‘s, consequently, best to avoid placing orders on Saturday or Sunday .
alternatively, it ‘s fresh to engage with the markets between Monday and Friday – which is where the huge majority of trade action is undertaken .

Crypto Price Movements

Cryptocurrencies are valued based on demand and provide. however, unlike the traditional stock markets, there is no single centralize exchange like the NYSE or NASDAQ. alternatively, cryptocurrencies are traded across a wide kind of exchanges .
And as such, there will always be a rebuff variation in prices between each supplier. With that said, the forces of market arbitrators ensure that these pricing differences are moment .
For case, as of write, BTC/USD is priced at $ 40,719 on Coinbase. On FTX, the lapp pair is priced at $ 40,721. As such, this amounts to a remainder of barely 0.0049 % .
The best way to assess crypto price movements is at CoinMarketCap – which is the gold standard for real-time valuations across more than 300 exchanges.

What are the Best Cryptocurrencies to Trade?

According to CoinMarketCap, there are closely 19,000 cryptocurrencies in circulation that can be traded on-line .
If you ‘re wondering which best altcoins to target when trade, consider the five tokens discussed below .

1. Lucky Block (LBLOCK)

lucky Block is possibly the best cryptocurrency to trade if you ‘re looking to gain exposure to one of the hottest digital asset projects of 2022. Launched in January 2022, Lucky Block was initially available to buy at equitable $ 0.00015 during its presale crusade .
just a month later, Lucky Block hit an all-time gamey of over $ 0.09. This translates into gains of about 6,000 %. As such, this is a great exercise of how a calculating cryptocurrency trader can make unprecedented gains in a short period of time .
invest in Lucky Block
golden Block – which is building the world ‘s inaugural decentralized lottery ecosystem, has since gone through a market correction. therefore, you can however trade this digital currentness while it is changing hands at a dismiss price. Some analysts have forecast that the LBLOCK price could hit $ 0.025000 by 2025. Read our Lucky Block price prediction for far details .
Trade Lucky Block now
Cryptoassets are a highly volatile unregulated investment product. 

2. Bitcoin (BTC/USD)

If you ‘re slightly unprepared for high levels of excitability, then possibly the best cryptocurrency to trade as a founder is Bitcoin. As note earlier, when using a determine broke like eToro, you can access BTC/USD – which will allow you to trade Bitcoin against the US dollar .

BTC/USD trades for tens of thousands of dollars, albeit, you only need to meet a minimal barter size of $ 10 at eToro. In terms of volatility, BTC/USD has seen 52-week highs and lows of $ 68,700 and $ 28,800 respectively .
Cryptoassets are a highly volatile unregulated investment product. 

3. Ethereum (ETH/USD)

In terms of valuation, Ethereum is the second-largest cryptocurrency. naturally, attracts boastfully deal volumes across most cryptocurrency exchanges, so you ‘ll never struggle to find suitable levels of fluidity .
Ethereum as a project offers a blockchain and bright compress framework for thousands of cryptocurrency tokens .
invest in ethereum
As such, it ‘s much the go-to blockchain for new projects to build their ecosystem. This is specially the case with metaverse projects like Decentraland and The Sandbox. Over the anterior 12 months, Ethereum has increased in value by over 40 % .
Cryptoassets are a highly volatile unregulated investment product. 

4. Shiba Inu (SHIB/USD)

Shiba Inu is basically a meme coin – which means that its value is largely dictated by grocery store speculation quite than anything real. With that said, the best meme coins are much sought by temper cryptocurrency traders that seek high levels of volatility .
trade Shiba Inu
Shiba Inu most surely fits this bill – specially when you consider its price travel since launching in 2020. That is to say, in less than two years of trade, Shiba Inu has increased in value by millions of percentage .
Cryptoassets are a highly volatile unregulated investment product. 

5. Stellar (XLM/USD)

Stellar is an establish cryptocurrency that was first base launched in 2014. The platform allows users to benefit from fast and brassy transactions across any decree currency .
trade Stellar
This cryptocurrency is ideal for trade on a budget, not least because it has never surpassed a market price of $ 1. furthermore, stellar attracts above-average market volatility, so you will never be short of trade opportunities .
Cryptoassets are a highly volatile unregulated investment product. 

Cryptocurrency Trading Strategies

It is crucial to come up with a scheme when learning how to trade cryptocurrency. differently, you may a well throw a die when attempting to determine which way the markets are probably to move .
The best crypto deal strategies for beginners are discussed below .

Bankroll Management

Before you even place your first cryptocurrency trade put, it is all-important to understand bankroll management. In a nutshell, this refers to the maximal total of money that you can risk on a single deal .
The total is determined in share terms, against your stream report balance .
For model :

  • Let’s suppose that you have $2,000 in your crypto exchange account.
  • You decide that you want to stick with a 2% bankroll strategy, which means that you can’t risk more than $40 per trade.
  • With that said, as your account balance increases, so will the maximum size of your stake.
  • For instance, let’s say that you have built your balance up to $3,000.
  • In this scenario, you can now risk up to $60 per trade.

crucially, if you go through an offer lose run, your bankroll will be protected – not least because your maximal stake will reduce. For exercise, if your libra went down to $ 1,000, at 2 %, you would only be able to stake a maximal of $ 20 .

Stop-Loss Orders

Another normally used scheme that is implemented by seasoned cryptocurrency traders is to ensure that stop-loss orders are always deployed. As we briefly noted earlier, this will ensure that you never lose excessively much money on a individual deal position .

  • For example, let’s suppose that you want to limit your potential losses to 5%
  • You decide to risk $1,000 on BTC/USD – which is priced at $50,000
  • This would require you to set your stop-loss price to $47,500

As per the above case, if BTC/USD declines and it hits a price of $ 47,500, your deal will automatically be closed. This prevents you from experiencing far losses. As such, the most you can lose on a $ 1,000 stake is 5 % – or $ 50 .

Take-Profit Orders

In addition to stop-loss orders, you should besides look to lock in your profit target when the respective price is met. After all, the cryptocurrency trade markets can move at an extremely fast pace .

  • Meaning – that unless you are glued to your screen 24/7, you might miss a suitable opportunity to cash your position out.
  • The easiest way to achieve this strategy is via a take-profit order.
  • The fundamentals here work in exactly the same way as a stop-loss order.
  • This is because you simply need to instruct your broker or exchange of the price that you wish the take-profit order to be executed.

For example, you wish to venture $ 1,000 on BTC/USD at an entry price of $ 50,000. You want to make a profit of 20 % on this military position. As such, you would need to set your take-profit order to $ 60,000 .

Take Advantage of Market Dips

In a similar nature to the US stock markets, cryptocurrencies much move in synchronize with each all over. That is to say, when broader markets are bullish, many cryptocurrencies go through a drawn-out up course .
And similarly, when the markets are bearish, most cryptocurrencies will enter a down bicycle .

  • This means that you can look to capitalize on market dips by entering a buy position on high-grade cryptocurrencies.
  • In doing so, you will be entering the market at a discounted price.
  • For example, the previous all-time high of BTC/USD is over $68,000.
  • Since hitting this high, BTC/USD has gone through a prolonged market correction – even dipping below $33,000.

In entering a position at this price item, you ‘ll be giving yourself an attractive top target on a solid digital asset .

Trade Cryptocurrency Passively

If you do n’t have the skillset to analyze cryptocurrency prices, then it might be worth looking into a passive investment tool. this will allow you to trade cryptocurrency without needing to actively inquiry the markets .
One of the best ways of achieving this goal is via the eToro copy trading have. This enables you mechanically copy the lapp positions as a seasoned cryptocurrency trader of your choose .
You ‘ll want to focus on traders that have an extend chase record on eToro in terms of ROIs and risk management. The minimum copy trade investment required is just $ 200 .

Crypto Day Trading

ever wondered how to day trade cryptocurrency ? Crypto day trade is a particular scheme that requires you to enter and exit positions within a 24-hour period. This means that you will be looking to buy a cryptocurrency and then sell it a few hours later .
In doing so, you will be looking to target smaller gains. however, as you will be placing orders much more frequently, these gains can quickly add up .
due to the taut net income margins that you will be working towards, both stop-loss and take-profit orders are even more significant when day trading crypto .
If you wish to day trade the cryptocurrency markets, the huge majority of your research will need to focus on technical analysis .
This means looking for historic price trends and how they might influence the future direction of the respective cryptocurrency .

Is Cryptocurrency Trading Safe?

Cryptocurrency trade is not risk-free from a variety of perspectives, it ‘s significant that you understand the steps that you can take to remain condom .
first gear and foremost, the majority of cryptocurrency trade platforms are unaccredited. As such, in using an unaccredited platform, your funds are at risk .
This is why we like eToro – which is regulated by several tier-one license bodies and approved to offer cryptocurrency brokerage house services to US residents .
Is Cryptocurrency Trading Safe?
adjacent, you need to think about the risks of losing money from your trade activities. We discussed these earlier in terms of bankroll management and ensuring that both stop-loss and take-profit orders are constantly deployed .
Another safety measure that you need to think about is the memory of your cryptocurrencies. After all, when using a deal platform, the supplier will be responsible for keeping your digital currencies safe .
This is why it ‘s authoritative to assess what security controls the platform offers. For model, eToro offers a custodial wallet service that utilizes institutional-grade security practices .
This means that you do not need to worry about keeping your own private keys safe. eToro besides has an home hazard management department that is tasked with keeping its customers safe from fiscal crime .
Cryptoassets are a highly volatile unregulated investment product. 

How to Trade Cryptocurrency – eToro Tutorial

This guide has covered how to trade cryptocurrency in a risk-averse manner. If you ‘re ready to put your newfound theoretical cognition into drill, we are now going to show you how to get started with eToro .
To recap, the eToro platform is regulated and you only need to deposit $ 10 to open an report. furthermore, trading fees are super-low and uracil clients can deposit funds with a debit/credit circuit board or e-wallet without being charged .

Step 1: Create an Account 

You will need to create a verify account before you can deposit money into the eToro platform. Enter your full moon appoint, electronic mail cover, and call number, followed by your desire username and password .

capable eToro Account
Cryptoassets are a highly volatile unregulated investment product. 
Click on the ‘Create Account ‘ button to proceed to the next footprint – which will require some extra personal data from you, alongside a quick overview of your prior trade experience .
You will besides be asked to upload a transcript of your pass, driver ‘s license, or express ID circuit board. This ensures that your identity is verified as per KYC regulations .

Step 2: Deposit Funds  

The following mistreat is to deposit some US dollars into your eToro account – which you can do without paying any fees .

If you want your sediment processed instantaneously, then select a debit or citation circuit board, PayPal, Neteller, or any early subscribe e-wallet. Bank wires and ACH can take a match of days to settle .
The minimum lodge across all patronize payment methods is barely $ 10 .

Step 3: Trade Cryptocurrency via Demo Account  

Although you now have trading funds in your eToro score, it might be a good idea to start off in show manner. This will allow you to practice trading cryptocurrencies in a risk-free environment .
Your demonstration report will be preloaded with a remainder of $ 100,000. All you need to do is switch over to ‘Virtual Portfolio ‘ mode .

Step 4: Search for Cryptocurrency   

If you feel ready to start trade cryptocurrency with real number money, switch back to ‘Real Portfolio ‘ mode. then, use the search box to find the cryptocurrency that you want to trade. As you can see in the example trope below, we are searching for Ethereum .
trade crypto at eToro
You can besides view the wide tilt of defend cryptocurrencies by clicking on ‘Discover ‘ .

Step 5: Trade Cryptocurrency   

Click on the ‘Trade ‘ clitoris next to the cryptocurrency that you want to access. This will then populate an order – which we explained in great detail earlier in this guide .
trade crypto at eToro
To reiterate, in summation to entering your bet on, you will need to decide between a grocery store or limit holy order. You besides have the option of deploying a stop-loss and/or take-profit ordering .
When you are ready to enter your put, click on the ‘Open Trade ‘ release .


The cryptocurrency markets are volatile and notional, which makes this investment sector ideal for short-run traders. In reading this guide, you should immediately know how to approach the cryptocurrency trading setting in a risk-averse manner .
We ‘ve discussed many strategies that you can take to outperform the market – even as a novice. If you want to trade cryptocurrency with real money justly now – you only need $ 10 to get started on the eToro platform .
crucially, this democratic platform gives you access to dozens of cryptocurrencies in both a regulated and low-cost environment .

Trade Cryptocurrency now
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Frequently Asked Questions on Cryptocurrency Trading

How do I trade cryptocurrency and make a profit?

In order to make a profit from cryptocurrency trade, you need to sell your digital tokens for more than you originally paid. This can lone be achieved if the value of the cryptocurrency increases in the open commercialize .

What is the best way to trade crypto?

If you are a complete novice, then the best way to trade cryptocurrency is via a long-run scheme. This means buying a collection of high-grade cryptocurrencies and holding onto your investment for many months or years .

What is the best place to trade cryptocurrency?

The best place to trade cryptocurrency on-line in 2022 is eToro. In opening an explanation with this provider, you will be able to trade cryptocurrency in a low-cost, user-friendly, and regulated environment. You might besides consider when searching for the best crypto trade platform for its low-fee policy across 250+ markets. besides offers one of the best crypto trading apps .

How does crypto trading work?

The main concept of cryptocurrency trade is that you will be buying and selling digital assets on a regular basis with the view of making reproducible capital gains .

Is cryptocurrency trading profitable?

Cryptocurrency trade is profitable for people that have a firm understand of how to research and analyze the markets. As such, in regulate to be profitable yourself, you will need to dedicate clock to learning cardinal and technical psychoanalysis

How do you day trade cryptocurrency?

If you decide to day trade cryptocurrency, you will open a position and close it a few hours belated. The independent rule here is that you will never hold onto a trade put for more than 24 hours .

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Category : Finance

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