The Ultimate Guide to

How to Trade in Cryptocurrency

Cryptocurrencies have grown in value in recent times. This has made many investors gain interest in this new market. Not many of the however know how to go about it. Its mystery also adds to the confusion many of them express. Here is where you shall learn how to trade and sell Bitcoin and other kinds of cryptocurrency.
You will first of all need to get a cryptocurrency exchange. There are plenty of them out there, each with certain advantages and disadvantages. You need to gauge them through the parameters of their fees and purchase options, supported coins, security, as well as liquidity. These are critical to any exchange you are contemplating. It is important you get one with favorable fees. You will make the most money where they allow multiple coins. The security is also critical. You should only go where they take security seriously, with things like secure passwords, two-factor authentication, offline cold storage for most of your funds, and professional grade encryption in place.
It shall thus be time to create a wallet. This is where you will jeep your cryptocurrency safe. As much as there is a provisional wallet when you pick an exchange, this does not mean you leave your currency in there. Storing it in your wallet is the only way you can be sure of security. You need to be keen on the security of your private key. It allows you to transact safely. Any amount you have no use in the trade should go to the offline storage. You need to then keep that info secure at all times. Losing off-line keys of a Bitcoin means losing it irreversibly. There are hardware storage options for you to go with. You can find out more about them here.
You need to now go ahead and buy your first Bitcoin. You can do so after funding your wallet. There are several options to this. There are options that allow you to use your credit card or bank account to make the buy. You need to then move them to your personal wallet or trading wallet at a larger exchange.
You shall thus be ready to trade and sell Bitcoin. You should have a plan on how you intend to do so, and the discipline to do so. A good habit to adopt is never trading more than 5% of your total stock in one investment move. This is how you keep your losses down should there be a poor trade.
You need to only trade with an amount you can afford to lose. Investing always comes with plenty of risks. The cryptocurrency faces the ups and downs to trading markets as well. You need to keep the trading amounts conservative.
You shall find more investment advice on this site.