Crypto trading is the exchange of cryptocurrencies, such as in Forex, you can buy and sell a cryptocurrency for another, like Bitcoin or altcoin for USD & Euro, This is one way of getting involved in the world of cryptocurrencies without having to mine it, Cryptocurrency is a decentralized digital currency, It is stored in the ‘wallet’, that can take many forms, Bitcoin can be stored in an online or offline electronic wallet.
Cryptocurrency is a product of the digital society, and just like the digital society, It can run 24/7, You can trade cryptocurrencies at any point in the week, Unlike stocks and commodities, the cryptocurrency market isn’t traded on a regulated exchange. Instead, cryptocurrency can be traded all hours of the day across an increasing number of ‘crypto’ exchanges, such as Binance, Bitfinex or Coinbase Pro.
What are some popular cryptocurrencies?
There are many cryptocurrencies on the market, some better known than others & each with varying degrees of volatility, Bitcoin was the first cryptocurrency, It was launched in 2009 by an individual or group using the pseudonym Satoshi Nakamoto, As Bitcoin grew and angel investors and entrepreneurs like Chris Larsen, Joseph Lubin & the Winklevoss brothers invested heavily in its success, so its price rose dramatically.