If you are willing to engage in investments but don’t know where to begin, this article will be helpful.
Cryptocurrency investment has become a very profitable and popular activity lately. Due to the high volatility of crypto assets, the profit may skyrocket, but the risks are also huge. To succeed in investments, you should adhere to the following rules:
- Pick a reliable crypto exchange. Its fee policy should be as transparent as possible. In addition, it should be credible and provide a wide variety of crypto assets.
- Keep track of the market movements and trends.
- Learn trading strategies thoroughly. Some crypto exchanges allow practicing with a demo account.
- Do not invest your last money.
- Always keep a cool head and adhere to your chosen trading strategy.
Safe crypto exchanges and how to start working with them
The most safe crypto exchanges:
- WhiteBIT crypto exchange
They all belong to a centralized type of platform and are credible and familiar among traders and investors. The most secure crypto exchange is Binance. Probably every trader has an account on it. It has the most considerable daily trade volume, reaching $12,9 billion (May 2022). The platform also offers an educational section and numerous trading tools for successful investments. Although Binance may seem to be rather challenging for a novice user, it includes many tools for complex trading.
If you are a novice trader, use another reliable crypto exchange – WhiteBIT. It offers over 400 crypto pairs and a demo account where you can practice without the risk.
The platform is focused on users’ safety. 96% of clients’ assets are stored offline, making them inaccessible to third parties and hackers. WhiteBIT operates in more than 150 countries and works under European jurisdiction, complying with all AML and KYC standards.
To start investing in WhiteBIT, you should register on WhiteBIT and pass KYC. Once your documents are checked, you may access the full set of instruments for trading. Using your account, you can buy cryptocurrency with fiat money, through your bank card. Monobank implies zero fees.