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#BTCUSD
alyssawestdul · 4 days
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knowledge-sharing · 7 months
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(1)Exchanges:How to choose the right platform
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To break things down by which top priorities to consider, here are the most important factors that go into choosing where to trade:
Reputation
Safety and Security
Asset Selection
Customer Service
Trading Tools
Liquidity and Trading Volume
Other less important factors that also need to be considered according to each unique individual’s situation, include minimum deposits required, fees, company ethos, or even location. For example, some cryptocurrency platforms cannot cater to certain users from specific regions according to law.
Doing your own research into each platform is necessary to find the right platform tailored to suit your unique needs.
Reputation
This is subjective, but in the end, it is you that needs to be comfortable with the platform you have selected.
To learn more about each platform’s reputation, begin with Google search. Read the company Wikipedia entries, if they exist. Those that do have longevity will have more information available.
Many of these platforms offer thriving communities of their own, manage active sub-Reddits, and interact with users via social media.
Reviews of platforms can be helpful, but beware that many of these reviews are paid.
A company with a strong reputation will have a clear, transparent leadership team, a relatively low amount of user complaints (no one is perfect), and an active presence on social media.
Those without their own presence on social media should at least be the subject of positive chatter from other users on social media. Searching for hashtags related to each platform and more can be of major assistance.
Safety and Security
Security may be the most critical piece of any trading platform or crypto exchange. In 2018, the number of cryptocurrency related exchange hacks reached over $1 billion in lost customer funds.
Many of these platforms offered at least some level of security, however, hackers are becoming highly advanced and no platform is full proof. This is why the largest sums of cryptocurrencies should always remain stored in a cold storage wallet while any active trading funds remain on an exchange for easy access.
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Security features include cryptographically hashed passwords, two factor authentication, address whitelisting, and numerous other failsafes.
Look for platforms that haven’t experienced hacks in the past, and always select from the most popular platforms whenever possible.
Asset Selection
Many platforms only offer Bitcoin trading, while others feature an extensive list of exotic altcoins that are far more speculation than actual use cases.
There are also now a number of trading platforms that offer cryptocurrencies alongside traditional assets such as commodities, forex, stock indices, and more. If traditional markets interest you as well, this type of multi-asset platform may be the ideal choice.
Customer Service
Issues with a cryptocurrency exchange or trading platform are rare, but when problems, questions, or concerns do arise, you want a platform that actually responds in a timely manner, and addresses any issues in a friendly, calm, and helpful capacity.
Trading Tools
As traders become more advanced and cryptocurrency users more comfortable with storing their assets on exchanges, eventually, trading tools tend to outweigh nearly all other aspects of any platform.
If it is a stop trading platform, at the bare minimum market, limit, and stop orders must be present. Margin trading platforms offer additional tools such as long or short potions, and leverage to amplify any return on investment.
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Whether or not a platform offers built-in charting software or an API that connects with more advanced tools could be a deal breaker for many.
Liquidity and Trading Volume
Beyond trading tools, the more advanced a trader becomes, the more important a platform’s trading volume and liquidity becomes.
Platforms with very few users may promise low fees or other powerful tools, but without an ample amount of users buying and selling to add liquidity at a high enough volume, larger sized orders can drive up or down prices by cleaning out an order book.
Worse yet, low liquidity causes slippage, or leaves orders left unfilled. ————————————————————————————
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sam-bravo · 2 months
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cryptologymaks · 6 months
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crypto360world · 4 months
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ozziereis · 8 months
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Do you want to experience earning thousands of dollars a day or even a few minutes
Or do you want to experience that unknown tension and excitement
You want to earn a good amount of money for shopping or a nice dinner
You can come to our Freemac to trade, it may make you a nice extra income
There used to be an Indian worker who only earned $100 a month. Later, he came to our platform for trading, and he consulted customer service to know the correct trading method. Now he no longer has to go to work. He can trade on the platform every day. Earn $300, and he also formed a team and led his team to earn a lot of commissions and invitation rewards
Freemac -Have a 10% first charge reward
Has invitation rewards
Has a commission reward
Have customer service -24 hours withdrawal at any time
Having a Telegram channel and a WhatsApp group will teach everyone how to do it correct trading techniques
Welcome everyone to Freemac for trading
Registration link:
https://freemac.com/#/register?inviteCode=sqxop5
Telegram channel:https://t.me/freemacvip
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mekongmonkey · 1 year
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With #bitcoin back above the 200-week SMA, much higher prices are the most likely path forward. However, the resistance level at $28.8K remains unbroken for now.
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papigoodvibras · 2 years
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Married to the money, my bitch green.
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knowledge-sharing · 7 months
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③Exchange: How to choose the right platform
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Using your new knowledge of how to send and store cryptocurrency freely, it’s now time to select a trading platform or cryptocurrency exchange that’s right for you. There are several factors that go into selecting a cryptocurrency trading platform, depending on personal risk tolerance, taste in assets, and more. Making matters even more confusing, there are dozens of cryptocurrency exchanges, trading platforms, and apps vying for your deposit.
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LINEAR VS. LOGARITHMIC CHARTING: A VISUAL COMPARISON
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Linear vs. logarithmic charting compares Bitcoin's historical price data. Linear charts show consistent spacing between price points, while logarithmic charts display percentage changes. Logarithmic charts reveal exponential growth more accurately.
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xxxcard · 23 days
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Buy virtual card with bitcoin and get #discount
Unlimited transition and Buy virtual credit card with cryptocurrency
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tradermade · 26 days
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#Bitcoin Update: Q1 Ends with Record Highs! https://markets.tradermade.com/cryptocurrency/bitcoin-hits-record-highs-again. Bitcoin closed Q1 just below $70,300, marking its highest-ever weekly, monthly, and quarterly close. As Q2 begins, volatility is expected, with the price near its old all-time high of $69,000.
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forex-baba-official · 30 days
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Ultimate Bitcoin 1-minute scalping for beginners | trendlines & S/R zone   "Master the art of Bitcoin 1-minute scalping with our beginner-friendly guide! Learn effective trendline and support/resistance strategies. #BitcoinScalping #CryptoTradingTips"
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