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Are you interested in trading cryptocurrencies but don’t know where to start? If so, you’ll find what you need in this guide!
When I initially started learning about cryptography, it was very intimidating. It was challenging to even understand how to buy and sell coins and tokens on the majority of platforms.
Because of its simplicity and the fact that I wish I had used it when I first started out in crypto.
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People who are just getting their feet wet in the cryptocurrency trading market would do well to check out Crypto.com. Not only is this exchange simple to use, but it also has a lot of extra services besides just crypto trading.
The benefits of using Crypto.com
Crypto.com, if you haven’t heard of it before, is a cryptocurrency trading app for mobile devices.
To answer your question, I would say that if you are a beginner trading cryptocurrencies, you should choose Crypto.com because it has an auto trading feature. The app will automatically buy or sell cryptocurrencies at a price you select with a few easy touches.
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Not all exchanges for digital currency have this special option. Considering the decentralized nature of cryptocurrencies, this is also a highly useful feature to have. All too well known is the extreme volatility of crypto. No one can predict how much any crypto will change or fall.
You need to buy or sell cryptocurrency at a specific price if you want to optimize your profits, but waiting for the price to reach your target before making a purchase or sale is nearly impossible due to the rapid rate at which cryptocurrency prices can fluctuate.
You can’t possibly expect to buy and sell crypto at the exact price you want if you spend all day glued to your phone. The possibility even exists that it could occur while you slept.
Having the option to automatically buy or sell crypto at a predetermined price greatly simplifies trading. It’s a time-saver in more ways than one. If you’re just starting out in the crypto trading market, this is the main reason I’d suggest using Crypto.com as your trading platform.
First Step- How Do I Get Started With Crypto Trading?
To begin trading cryptocurrency on Crypto.com, you must first deposit funds into your trading account. The options for accomplishing this are many. If you’d like to get into crypto but don’t want to spend any money doing it, there are sites you can join to accomplish just that.
If this is the route you take, I advise you to research the best places to get free Bitcoin. Even while it will take some work on your part, you can get started investing in cryptocurrencies for little to no outlay of cash by following this strategy.
However, if you’re eager to start trading crypto right away, you can transfer funds into the app and begin buying cryptocurrency. Then you can fund your Crypto.com account using a credit or debit card, or via bank transfer.
To begin buying cryptocurrency, simply deposit funds into your Crypto.com account. In the following part, I’ll go over the various options for acquiring cryptocurrency.
The Next Step: How To Actually Buy In Crypto?
The moment you add funds to your Crypto.com account, you’ll have instant access to start purchases of any crypto the exchange lists. After signing into the app, selecting the “Trade” button is all that’s required.
Finally, select “Buy,” and you’ll be presented with a list of all the supported cryptocurrencies. Simply press the crypto you wish to buy and click the button. Then, a scene resembling the one in the accompanying image will unfold before your eyes.
Clearly, you may buy the crypto you choose using a variety of payment methods. You can use your crypto wallet or credit card to make a purchase (yes, Crypto.com also doubles as a crypto wallet). If you follow the following instructions, you will be given the option to use your Fiat wallet as well.
After settling on a payment option, you’ll be asked to confirm how you’d like to buy with purchasing your chosen crypto.
Either a “one-time purchase” or a “periodic buy” schedule can be established. If you select the “recurring buy” option, you’ll be able to use the DCA method to automatically purchase the cryptocurrency of your choosing on a predetermined timetable.
It’s possible, for instance, to buy Bitcoin every Monday morning at 10 a.m. If you go with this plan, Crypto.com will automatically complete the purchase on the date and time of your choosing.
As a final option, you can also buy a price-targeted purchase of crypto. This is the path I recommend taking if you want to make the most out of your crypto investments because you can buy it when its value is low.
When the desired price is set, the amount of crypto to buy at that price can be specified.
When the price of your desired crypto reaches the target price that you have established, Crypto.com will automatically buy your purchase on your behalf.
Third Step- How Can You Make Crypto Sales Mechanically?
If you want to earn money trading, you’ll need to sell your crypto once again.
You need only re-enter the app and select “Trade” to accomplish this. Here, it’s best to choose “Sell” instead.
After that, choose the crypto that you wish to sell. After selecting the crypto you wish to sell, you will be paid the option of selecting the sale method you like. You can choose to be compensated in fiat currency, another cryptocurrency, or both.
After deciding on a method of payment, you’ll need to settle on a strategy for finalizing the sale. You can sell it immediately away at the current market price, or you can set a specific price, exactly like when you’re buying.
The second option makes use of strategic price-point purchasing. It’s the simplest option if you want to maximize your profit. When selecting this option, you’ll be prompted to enter the desired selling price and desired sale volume for your cryptocurrency.
Then, Crypto.com will automatically sell your cryptocurrency once its market price reaches the price you set. It’s a great feature that will help you sell the most profit possible when selling your crypto.
While this is the most popular feature for seasoned traders on Crypto.com, anyone may use it with only a few clicks.
How To Sign Up For Crypto.com
Click the “Join” button down below to be redirected to the app’s download page. Your account can be created in a matter of minutes.
Furthermore, if you meet all the requirements, you will receive a $25 joining bonus (in the form of Cronos, Crypto.com’s own cryptocurrency).
You can see why I think Crypto.com is the best place to enter the world of cryptocurrency trading. The platform’s automated buying and selling capabilities mean that even those with limited crypto trading experience can immediately start generating a profit.
However, remember that Crypto.com is merely a tool (although a highly user-friendly one) to help you make money in the crypto trading market. Of course, you’ll still have to figure out how to trade cryptocurrencies profitably and decide which coins and tokens to invest in.
When you use Crypto.com, it just simplifies things for you to put your strategy into action. As such, it is recommended that you acquire as much knowledge as possible prior to putting any money into cryptocurrency trading. That way, success in this venture is guaranteed.