How to start cryptocurrency trading in 2021?
Now, if your question is how to start crypto trading, you will first need to learn about cryptocurrency exchanges. These exchanges can either be centralized or decentralized.
Centralized Crypto Exchange
According to CoinTelegraph, a centralized cryptocurrency exchange is somewhere you can store funds and exchange major crypto like Bitcoin for other coins. Among the most popular centralized crypto exchanges are Binance, Coinbase, and Kraken. As Binance CEO Changpeng Zhao asserts, centralized crypto exchanges may be the better option for storing cryptocurrencies than having the private keys stored by the owners.
Decentralized Crypto Exchange
Decentralized crypto exchanges, on the other hand, remove the middlemen, which makes trading automated and conducted peer to peer. Decentralized exchanges put more emphasis on privacy but require reliable protection of your private keys because losing them can make your funds irretrievable.
Remember to start your cryptocurrency trading journey the right way by choosing some of the most trusted crypto trading platforms. You could have heard about exchanges being hacked, and it is only appropriate that you do your part as a crypto investor by doing careful research about the best crypto exchange platforms available in your country.
If you want to start trading cryptocurrencies but do not know where to begin, then you could first check out Altrady the best cryptocurrency trading platform. This crypto trading software has powerful tools and helpful features that can help you make the right trading decisions despite the volatile crypto markets.
Guide on How To Start Trading in the Major Exchanges
How to start trading with Binance US
Binance US is another cryptocurrency trading platform in the USA, which launched as a response to the different state regulations and country policies regarding virtual currency exchange. Binance US was launched in September 2019 is powered by Binance and operated by BAM Trading Services.
How to start trading with Bittrex
Bittrex is among the trading platforms with a significant global cryptocurrency trading volume. It boasts of a quality trading engine that is custom-built for scale and speed that can facilitate real-time order executives even with heavy demands.
Binance Global is based in Europe and operates within the region’s blockchain framework that maintains compliance to Know Your Customer (KYC) and Anti-Money Laundering policies.
How to start trading with BitMEX
If you are looking for a cryptocurrency exchange platform that offers crypto trading with leverage, then you may consider BitMEX which gives access to global financial markets using only Bitcoin. This trading platform provides leverage on all its products with the amount of force varying from product to product.
Another thing that makes BitMEX enticing to people who are looking for exchanges that offer the lowest fees for cryptocurrency trading is its zero fees on deposits and withdrawals.
How to start trading with Coinbase Pro
Coinbase Pro is a US-based crypto trading platform that provides fund security through its insurance protection. According to the Coinbase Pro cryptocurrency trading website, all the digital assets held in its online storage are fully insured with all USD balances covered by FDIC insurance of up to $250,000 per customer.
How to start trading with HitBTC
HitBTC claims to be the most advanced Bitcoin exchange as its cryptocurrency trading website shows. This exchange features a tier system for its crypto trading fees with a 24-hour support system for users. It also promises to be a secure cryptocurrency trading platform with 2-factor authentication, cold storage, and advanced encryption technology.
How to start trading with Huobi
Huobi, a cryptocurrency exchange platform, was established in 2013. It offers 5x leverage for spot trading, provides credit card payment options to buy cryptocurrency, and has secure storage that is monitored 24/7. Huobi also has a dedicated amount of 20,000 BTC as its Security Reserve Fund.
How to start trading with Kraken
Kraken was established in 2011 and boasted of many features, including high liquidity, 24/7 global support, comprehensive security, and competitive crypto trading fees. It also features secure flat currency funding solutions with currencies such as the (USD), Euros (EUR), and Canadian Dollars (CAD) with minimal fees. With Kraken, you can increase profits up to 5x with margin trading or you can also hedge your spot trades with cryptocurrency futures.
How to start trading with KuCoin
KuCoin was founded in 2017 and is considered among the fastest-growing crypto exchanges in the world. Among its institutional investors are IDG Capital and Matrix Partners. As of this writing, it has an accumulated transaction volume of over 66 billion in USD since its establishment.
How to start trading with OKEx
OKEx claims to have never lost coins because of its secure wallet technology. It boasts of a wide range of trading lines, such as spot trading, margin trading, futures, and perpetual swap. KuCoin has a worldwide customer base with different cryptocurrency services for traders or users in over 130 different countries.
How to start trading with Poloniex
Poloniex has been providing its users access to the cryptocurrency market since 2014. This crypto trading platform has insurance coverage and offers leverage trading for more significant returns.
To connect your cryptocurrency exchange account to the altrady crypto trading platform, you can follow the steps in this guide: How to Add a Crypto Exchange API to altrady.