Cryptocurrency trading is the process of buying, selling and exchanging virtual currencies such as $BTC , $ETH , $BNB etc.
Before you start trading cryptocurrency, you need a cryptocurrency wallet to store and manage your funds. Here is a guide to the cryptocurrency trading process:
1. Choose a cryptocurrency exchange: You need to choose a reputable and safe exchange to trade cryptocurrencies. Popular exchanges today are Binance, Coinbase, OKX...
2. Register an account: After choosing an exchange, you need to register an account by providing personal information and authenticating the account according to the requirements of the exchange.
3. Deposit money into your account: After your account is verified, you can deposit money into your account by transferring money from a bank in VIETNAM, popular P2P transactions
4. Choose the cryptocurrency you want to buy: After successfully depositing money, you can choose the cryptocurrency you want to buy and make a transaction on the exchange.
5. Storing cryptocurrency: After purchasing cryptocurrency, you need to transfer the amount from the exchange to your cryptocurrency wallet to store and secure the amount.
6. Monitor cryptocurrency prices: Monitor cryptocurrency prices daily to decide when to buy, sell and invest in cryptocurrencies effectively.
7. Don't be greedy, be cautious with all information on social networks.
8. Do not buy coins/tokens without clear origin and authenticity.
9. Don't go all in, don't borrow money from friends to trade.
10. Investing requires waiting, not jumping in and out. No continuous DCA
Remember to always be cautious and well informed before participating in cryptocurrency transactions to avoid unnecessary risks and loss of money.
