The world is constantly evolving. Innovations are brought through digital technologies to different industries. The most fascinating and world-changing are innovations brought to the financial system. Blockchain technology enabled the implementation of brand-new payment methods that are much faster and safer than fiat money. This is the world we are living in right now.
Everyone can benefit from these breakthrough technologies with the help of DotBig and efficient cryptocurrency trading strategies. Although this is quite risky, cryptocurrency trading is now interesting even for those people who know nothing about online trading. Learn more about this and start making profits with DotBig right now.
Basics of cryptocurrency trading
Before you start learning cryptocurrency trading, you should get familiar with the basic information about this promising activity. Cryptocurrencies are decentralized assets. Their transactions take place in digital ecosystems that are operating 24/7. That is the first advantage of cryptos compared to forex, where you cannot trade on weekends. When you create an account on a cryptocurrency trading platform, you can trade manually or apply special robots that will track the right moments for transactions and notify you. These robots are available with DotBig.
The cryptocurrency market is extremely volatile, which means you can benefit from investing in any digital coin. There are specific reasons that drive crypto prices but in many cases, surges and crashes are very unexpected even for experienced crypto traders. To succeed, you have to buy at a low price and sell the coins when the costs are up.
Not to miss important updates from the crypto market, follow the news and reviews of DotBig analysts. You can also use their pieces of advice to make your cryptocurrency trading strategy more efficient.
The most popular cryptocurrencies
The most popular cryptocurrencies are those that have the biggest market capitalization and well-secure reputations among crypto traders. These are the following:
Bitcoin (BTC). The most famous digital coin in 2022. You can trade it on DotBig without paying commissions to the broker.
Ethereum (ETH). The market capitalization of Ethereum is estimated at $125 billion. Buy it or speculate on other cryptocurrencies paired with ETH.
Tether (USDT). This is your choice if you are looking for a stable asset on the crypto market. Tether is backed by USD reserves. That’s why its price is stable.
How to trade cryptocurrency?
Modern digital technologies simplify everything, so it’s not very difficult to become a real crypto trader. There are a lot of platforms offering the possibility to buy digital coins through them. But you should trust reliable financial services providers. Our broker, DotBig, is a great example of a high-quality cryptocurrency trading platform.
The first thing you have to do on your way to becoming a cryptocurrency trader is to open a live account with our trading platform. Then, you can explore the assets, offered by DotBig. The selection is really wide - currently, we offer more than 600 crypto-related trading products, including not just coins, but CFDs on cryptocurrencies as well.
The crypto market is very attractive. Nonetheless, we have to warn you that this type of trading is risky, and you shouldn’t start if you aren’t aware of all the potential benefits and drawbacks.
Potentially high rewards. You probably heard about the stories when people bought Bitcoin for a few dollars, and now this digital coin is valued at thousands of dollars. You can hist the same impressive rewards!
Blockchain technology guarantees safety. Blockchains are decentralized and they track every transaction. They record your ownership rights on digital funds and make your money completely secure.
Cryptocurrencies are the best alternatives to traditional money. Their concept allows making transactions without the involvement of third-party financial institutions.
Cryptocurrencies can be traded any time you want.
This is still a new technology and many projects might be complicated for beginning investors to understand.
Cryptocurrencies are very volatile. This might cause significant drawbacks as their prices might crash unexpectedly.
Your access to global markets - DotBig
DotBig is your portal to the world of trading! With our distinct selection of cryptocurrencies, cryptocurrency pairs, and crypto-related products, you will quickly find the most attractive and profitable assets. Except for trading cryptocurrency, we offer access to other financial markets. You can try to mitigate the risks and invest in indices, or you might be interested in the changing price rates of foreign exchange. This is up to you. Learn more about global financial markets and choose the assets that will bring profits.