How to trade with crypto (for absolute beginners)
The world of cryptocurrency sounds complicated, right? But believe it or not: it’s easier than you might think. Let’s start by discussing the basics of cryptocurrency and the apps available to help you do so. Then, before you know it, you can begin trading crypto like a pro.
Sit back, relax and enjoy the story!
Why do bots trade better than humans?
Let’s dive right in, shall we? To start with cryptocurrencies: digital currencies which value can be slightly different every day. Even though this is the same for ‘physical’ money like the Dollar, the spikes and drops in the cryptocurrency market are much higher and the market itself more unpredictable: often creating many opportunities for exciting investments!
Bitcoin is the most known cryptocurrency, but hundreds of other cryptocurrencies (think of Ether) make for exciting investment opportunities. But the best part is that, just like the Dollar, cryptocurrencies are real money. There are plenty of websites where you have the option of paying for goods and services with cryptocurrency. If you’d rather pay the way you’re used to, you just go to one of the many websites where you can convert your cryptocurrency to real money! Would you rather keep your ‘money in the bank’? Then you can use the so-called ‘wallet’ or specific websites to store your cryptocurrency.
But knowing the basics doesn’t make investing in cryptocurrency easier. Trading with cryptocurrency can be pretty tricky. Especially without the needed knowledge and experience, it’s tough to decide when to buy and sell cryptocurrency to make a profit. In all honesty, trading in cryptocurrency is often only beneficial for those with comprehensive knowledge and experience.
Luckily, some platforms and apps make trading in cryptocurrency a lot easier. Coinbase and Binance, for example, are well-known services that will help beginners trade in cryptocurrency. Though, they still ask for some insight or experience in trading cryptocurrencies.
A third option worth mentioning, of course, is BOTS: this app has a different approach. You don’t have to invest your money trusting your gut, but you let these intelligent little bots, based on specific algorithms and strategies, do the work for you. They will buy and sell at the best moments to do so — without you losing any sleep over it.
The best part is that you can decide whether you want high or low-risk bots working for you. Another way to make for smooth sailing is to spread your investment over multiple bots. If one bot isn’t performing, your losses will be limited, and your other bots will continue to make money for you. The ideal way to start investing in cryptocurrency without knowing all too much about it!
Would you like to learn more about the BOTS app or get some more trading in cryptocurrency tips? Just continue reading below.
See you soon!
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.