After numerous real success cases in cryptocurrency trading many people started to study this topic and strive to get into it too. However, many spend a lot of money buying crypto assets and still do not reach success because they did not investigate this topic in-depth. In this article, we will give you some important tips to help you take your first steps in cryptocurrency trading and provide a manual on using a cryptocurrency price calculator.
3 Main Tips Before You Get Started
Here are some important things you should keep in mind:
- Diversification is the key to success. Obviously, the first mention of crypto assets is always associated with Bitcoin, and everyone wants to buy it. Indeed, Bitcoin is the market leader and has good long-term prospects, but it does not mean we should exclude all other good options. Pay attention to other crypto projects, learn their technology and application, and read their white papers and road maps. Take a serious approach to picking assets for investments, and you will see that less expensive coins are also worth your attention.
- Do not follow the crowd – think yourself. It often happens when people follow the hype and buy popular cryptos when they are growing. However, the main rule of investors is to buy when everyone else is selling and sell when they are buying.
- Make friends. This rule works in whatever sphere you go – when you expand your social circle and communicate with like-minded people, you learn a lot of new daily, share ideas and opinions, generate something new, and reach success.
How to Purchase Cryptocurrency?
The easiest way to buy digital assets is via a cryptocurrency price calculator. We offer to try the WhiteBIT service and its converter, for it is the most convenient and safe in the market. Here are simple steps on how to buy crypto:
- Enter your trade balance and open the converter
- Select the currency you want to sell and buy
- Indicate how many coins you want to sell
- Pay the commission.
The needed coins will be accrued to your balance in a few minutes. This function is possible with fiat-crypto pairs for registered clients.
What is the best website for cryptocurrency trading?
Experienced traders utilize both centralized and decentralized crypto exchanges. However, for beginners, it is advisable to start with a centralized platform that is easier to manage and more transparent. For instance, WhiteBIT is a user-friendly and convenient crypto exchange that is fully compliant with KYC and AML requirements. It offers over 400 trading pairs and low fees, along with advanced trading tools for registered and verified users to ensure successful trades. Moreover, the exchange provides robust security to safeguard the investments of cryptocurrency traders, while also offering quality customer support 24/7.
For those looking to learn more about investing and trading, the WhiteBIT blog offers a wealth of interesting articles and guides on managing crypto assets and generating income.