Cryptocurrencies are digital funds that exist online but have the same application and use cases as traditional finances. However, crypto is less actively used in everyday life when people buy goods and pay for services. A crucial application of digital assets is trading.
Trading is the opportunity to buy and sell digital coins at different prices and receive income from the price change. It is possible due to the high volatility of crypto coins, for they don’t depend on central banks, and their price can not be changed or regulated by banks or governments.
Investigating crypto charts, traders understand what affects prices and how assets behave in different market situations, so they find patterns and historical indicators. They are the base for the assets analysis and further traders’ decisions on buying and selling crypto.
The marker offers some trading methods, including
- Position trading
- Day trading
All these strategies are applied in crypto exchanges.
What is a Crypto Exchange?
A cryptocurrency exchange is a place where people trade crypto. Exchanges offer a set of tools for it, for example, the crucial is a crypto trade calculator, which displays crypto price live in the equivalent of any other crypto or even fiat currencies. For example, you have euros and want to see how many ETH coins you can buy for your sum. So you enter the cryptocurrency price calculator and pick euro and ETH. A platform will display the current ETH value in euros. Right there, you can see the fee you should pay for a transaction. It is a convenient tool that allows completing trades quickly and efficiently.
We recommend using only reliable crypto platforms that have positive reviews and have not been engaged in scandals. For example, the WhiteBIT exchange. It is a centralized platform that cares about its users’ safety and provides quality services and many bonuses and rewards for registered clients. Check out this service and try to use its cryptocurrency price calculator.
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