Cryptocurrency trading has become a popular activity lately. It beckons with considerable returns, although it bears many risks and pitfalls. To become a successful trader, one needs to study trading strategies thoroughly and find a credible platform to work with. Here we will talk about these aspects of successful trading.

Cryptocurrency trading strategies:

  • Day trading 
  • Range trading 
  • Scalping
  • High-frequency trading
  • Primary research 
  • Arbitrage
  • Etc.

Every strategy requires a comprehensive study. To become a trader, you should learn and understand how to read charts and distinguish market trends. Many large and credible crypto platforms such as Binance, Coinbase, and WhiteBIT offer educational sections and the latest news from the industry with charts that demonstrate rate fluctuations in different periods. Also, some exchanges provide a demo account option, where users can practice their trading strategies with no risk.

How to trade cryptocurrency and reach success:

  • Always follow the strategy you have chosen.
  • Make decisions with a cool head. Emotions and rush push you to make wrong decisions.
  • Do not invest your last money.
  • Choose only credible and trusted exchanges.

The best cryptocurrency trading platform for a beginner

WhiteBIT is one of the best crypto exchanges in the world. Being still a young company, White BIT has over 2 million users from 150 countries. The platform offers to buy cryptocurrency at low fees and allows purchasing with fiat via bank cards. 

You should register on the WhiteBIT and pass KYC verification to start trading. Then, use your bank card to buy crypto assets on the exchange, and don’t forget about a bank fee. For Monobank users, the cost is zero.

To start working with this cryptocurrency trading platform, place an order and enter the amount of fiat currency you want to spend. Then pay the fee and receive your crypto coins. Then you can swap them for another asset following the trading strategy you have chosen. Using a mobile app, you can customize it according to your needs. 

The platform offers to earn passive income – staking – hold your crypto in the exchange and receive up to 30% per year. 

Besides, inviting friends by a referral link allows you to earn up to 40% of their transaction fees. Feel free to contact WhiteBIT tech support in Telegram chat on all issues. To learn the latest industry news and up-and-coming projects that have joined the WhiteBIT family, check out the WhiteBIT blog

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