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Trading cryptocurrencies on a cryptocurrency exchange
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[QUOTE="Shaf, post: 261360, member: 25467"] From experience and information I've gathered from others who trade cryptocurrency, knowledge is your best friend and possibly, even more important than capital to trade with. This recent bear run saw me rekt, and I've understood the importance of that. If you want to start, use capital you'll be comfortable loosing as long as you consider it "learning fees". This way, you can have hands-on experience while accumulating knowledge. It's also important to have a plan, a trading strategy and a stopping point where you cut your losses and move on. Concerning exchanges to trade on, Binance is the best so far, in terms of ease of navigation, trading fess and customer service. However,, it's rare to find low cap gems there which mostly are on Kucoi, Gate, FTX and other decentralized exchanges, particularly Pancakeswap. If you want to be a long term holder, it's best to transfer your holdings to a wallet for safe keeping, moving it back to an exchange whenever you want to trade. [/QUOTE]
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