What is Cryptocurrency Trading?
Bitcoin was the first Digital currency to be launched in 2009. The success of Bitcoin has led to emergence of many other digital currencies e.g. Ethereum, Ripple, and Litecoin etc. which are collectively termed as "Altcoins" or Alternative Coins. Thus Bitcoins and Altcoins are collectively termed as Cryptocurrencies or Virtual Currencies or Digital currencies.
Cryptocurrencies can be bought and sold through cash and Digital Currency Exchanges. Digital Currency Exchanges or Cryptocurrency Exchanges are businesses that allow customers to buy, sell and trade cryptocurrencies for other assets such as conventional fiat money or different cryptocurrencies. You can choose your country and payment method to find your Local Digital Currency Exchange by clicking here.
Cryptocurrency Trading involves buying and selling of cryptocurrencies such as such as Bitcoin, Ethereum or Litecoin on global Digital Currency Exchanges. It involves exchanging your currency into another kind of currency and then exchanging it back when the price changes for a profit.
Please Note: Cryptocurrencies are very volatile and hence are prone to price fluctuations on a daily basis without warning. This means that the past performance of a cryptocurrency is not an indication of its future performance and achieving consistent profitability is never guaranteed.