Excellent crypto exchanges 2022? CEX.io is a bitcoin and crypto exchange with very good ratings on BitDegree. We believe that an intuitive and laconic interface together with advanced trading instruments and world-class security make CEX.IO the best place to trade cryptocurrencies. Best Cryptocurrency Exchange: What Does It Mean for Us? For you to be able to recognize a reliable online exchange and sort out those that appear to be too weak, we enabled several features, worth paying your attention to.
If you’re beginning, you’re likely eager to trade. I get it, really. But don’t rush it. Take a little bit of time to develop a basic cryptocurrency trading strategy and to educate yourself. Do you know the basics of blockchain technology and Bitcoin? Do you know what circulating vs total supply means? Do you understand what inflation is? Do you know about exchanges, wallets, private keys, and public keys? If you can’t answer these basic questions, you’ll be in trouble quick enough. Take some time to prepare yourself, it’s essential.
What is a crypto exchange? In fact, it’s an online platform and a digital marketplace where you can check and compare the cryptocurrency prices, buy and sell virtual currencies, exchange them between each other, or convert them into fiat funds. How to exchange cryptocurrency quickly and securely? You can use the Exchange feature available in the CEX.IO mobile app. You just need to choose two currencies, one available on your account balance and one you want to receive. And we’ll care about the safety of your funds and transactions.
Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high-security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.
CEX.IO products, including the Bitcoin and crypto trading platform, combines the crucial features: enhanced security, variety of services, and high market liquidity. The team applies every effort to make your trading on the platform as convenient and safe as possible. We know that sometimes deep dive into the crypto economy may mean some technical barriers. Sometimes it can be difficult to deal with blockchain transactions and crypto trading procedures. So we’ve designed the Instant Buy service to allow customers to easily enter digital finance and use its benefits. Protection against DDoS attacks, full data encryption, cryptocurrency cold storage, and compliance with PCI DSS standards to safeguard your funds Start trading with CEX.io right now!
Once you’ve decided on a broker, got familiar with your platform and funded your account, it’s time to start trading. You’ll need to utilise an effective strategy in line with an efficient money management system to make a profit. Below is an example of a straightforward cryptocurrency strategy. This straightforward strategy simply requires vigilance. The idea is you keep a close eye out for a correction in a trend and then catch the ‘swing’ out of the correction and back into the trend. A correction is simply when candles or price bars overlap. You’ll find trending prices move quickly, but corrections, on the other hand, will not. Let’s say on your cryptocurrency chart at 250-minute candles, you see 25 candles where the price stays within a 100 point range. If the price contracted to a daily move of just 20 points, you’d be seriously interested and alert. You should see lots of overlap. This tells you there is a substantial chance the price is going to continue into the trend.