Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

Bitcoin trading also called cryptocurrency trading is an important element for managing the crypto funds and also to gain quick profit from your cryptos. And that's why cryptocurrency trading has become more important than a cryptocurrency exchange.

So if you're one of those who looking for information about cryptocurrency trading but didn't find it, then you are at the right place. 

Here I will show you the advantages, disadvantages, and some best altcoin trading platforms that will help you to start trading in bitcoin or in any altcoin. 

So with no delay, let's start.



The term you should know before starting crypto trading.

Taker - When you place an order at the market price that gets filled immediately, you are considered a taker.

Makers - When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker.

When you place an order that gets partially matched immediately, you pay a taker's fee for that portion. The remainder of the order is placed on the order book and, when matched, is considered a maker order.

Pairs - Crypto which you want to trade against it for example BTC to ETH, or BTC/USD, BTC/USDT, BTC/XRP. Generally, you will see BTC, ETH, USDT, USD pair for your cryptos.

Spot trading - A spot trade, also known as a spot transaction, refers to the purchase or sale of a foreign currency, financial instrument, or commodity for instant delivery on a specified spot date.

Derivative trading - A derivative is a contract between two or more parties whose value is based on an agreed-upon underlying financial asset, index, or security.



Different between bitcoin trading and exchange platform.

If you are confused between bitcoin trading and bitcoin exchange, then here are some points that help you to understand. Based on my opinion, I would like to put the following point.

1. You can not buy or sell cryptos for fiats on cryptocurrency trading platforms, while on exchange platforms you can buy and sell at least bitcoin and Ethereum.

2. An altcoin trading platform gives an advance and confusing dashboard for managing your fund, but a cryptocurrency exchange platform gives a simple dashboard that shows up and down the price chart of a particular coin.

3. On-exchange coin swapping happens between you and the exchange platform, but on altcoin trading, it happens between you and another real user.

4. On-exchange platforms the price of the coin is fixed on the basis of the market and it can not be changed, while on cryptocurrency trading platforms also fixed but you can change if you do not agree on the market price. 
(For example, you want to trade in bitcoin for ETH coin and the market price of BTC is $1000 but you do not agree with the price so you can increase to $1020 (any amount) if any trader agrees with your price then your bitcoin will be converted to ETH coin immediately at $1020 price).

5. The fees are fixed and usually high on exchange while on altcoin trading the fees is also fixed but extremely low and even some time buyer receives cashback.

6. You can exchange any coin into any available coins on the exchange platform while on the cryptocurrency trading platform you can only trade in Bitcoin, Ethereum, USDT into other coins.

These are some (but not all) basic differences between bitcoin trading and exchange.



Why use cryptocurrency trading.

Yes, this is a common question people ask "Why I use bitcoin trading platforms while I have an exchange platform". There are many reasons and some are as follows.

1. You can sell a little bit at a higher price and buy at a lower price than the market price.

2. The fees are extremely low, about -0.02 - 0.05% for makers and 0.04 - 0.07% for takers.

3. You can trade BTC, ETH, USDT for any listed coin, even for low market coins that are not listed on exchange platforms.
4. An altcoin trading platform gives advanced tools that help for trading in bitcoin or any coin.

5. Have three pair BTC, ETH, USDT for altcoin trading while on an exchange platform has only one pair.

6. Altcoin trading sites don't require while some exchanges like Coinbase need KYC verification.



What to avoid during altcoin trading.

There are also some disadvantages of using a cryptocurrency trading site, but you can determine this by avoiding some things.

1. Chose a proper, secure, and high market value trading platform.

2. Always consider a single pair, otherwise it causes confusion in calculating profit.

3. Stay away from coins/tokens that have low market value those are really risky.

4. If you are not familiar with the bitcoin trading tool, then only use it for seeing the price, not for prediction.



1. Trading in bitcoin on Binance.

Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

Who doesn't know about Binance, one of the largest Bitcoin and cryptocurrencies trading platform? It has more features than any other altcoin trading platform, which brings more depth to trading.

It was launched in July 2017 since now it has 868 market pairs and with this number, Binance is standing in the first position in cryptocurrency trading.

If you want to start bitcoin trading with Binance but you don't have bitcoin so don't worry you can you can buy on it across the world with different payment methods. And you can transfer your bitcoin for different altcoin trading.

The most popular pairs on Binance are USDT, BTC, ETH and the fees charge it in percentage.

Launched - Jully 2017, Coins - 883, Fees - Maker 0.1% Taker 0.04%
Newbie friendly - No, Pair - BTC, USDT, BNB, ETH,

Merits & Demerits.

✔️Large market value.
✔️Have a huge number of coins listed.
✔️You can directly buy and sell.
✔️Other services like staking, lending, P2P, and more
Have hacked many times.
Complicated crypto trading features for newbies.

2. Coinbase Pro for selective cryptocurrency trading.

Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

If you only want to stick with popular and don't want to trust low market value cryptos, then Coinbase Pro could be the best for you to start trading in bitcoin because it has many pairs against BTC.

Like, Binance, you can also buy bitcoin on Coinbase or if already have any coin in your Coinbase account, then you can connect it to Coinbase Pro. On it, crypto pair is less but have a high number of USD, GBP, EUR pairs. 

Do not confuse between Coinbase and Coinbase pro both are different and have different services.

Launched - May 2014, Coins - 99, Fees - Maker 0.5% Taker 0.5%
Newbie friendly - Yes, Pair - BTC, USD, GBP, EUR,

Merits & Demerits.

✔️Trusted and secure.
✔️Friendly for a newbie.
✔️Bettter for USD, GBP, EUR.
Limited coins for trading.
Not many pairs for a single coin.

3. Altcoin trading on Kraken.

Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

How could you forget Kraken that is one of the oldest and high market value cryptocurrency trading platforms?

It let you trade your crypto at a low fee and high limit amount on the pro trading interface chart. Like Coinbase Pro, it also has a lack of crypto pairs but has a high number of fiat pairs such as USD, EUR, AUD, GBP.

As I said, Kraken gives a pro trading interface chart so as a beginner some features may cause confusion and you will like why this is for?

Launched - Jully 2011, Coins - 185, Fees - Maker 0.16% Taker 0.26%
Newbie friendly - No, Pair - USD, GBP, EUR,

Merits & Demerits.

✔️The advance chart features.
✔️Better help center.
✔️Buy, sell, trade many cryptos.
✔️Provide mobile-friendly features.
✔️Best for bitcoin trading against fiat.
Features are not friendly for a newbie.
https://www.kraken.com/en-us/

4. Bitcoin trading on Huobi Global.

Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

We are looking for platforms that have high crypto trading pairs then how can we forget Huobi Global which stands in the second position after Binance in the world.

You could say it is the home of USDT pairs but that not mean it doesn't have other pairs you can also find USD, BTC, and ETH.

If you like bonus then say no more Huobi regularly announce give way for different altcoin trading so have a chance to win extra cryptos without losing your money.

Its crypto trading chart really impresses you.

Launched - September 2013, Coins - 827, Fees - Maker 0.2% Taker 0.2%
Newbie friendly - Yes, Pair - USD, USDT, BTC,

Merits & Demerits.

✔️Large market value.
✔️Have a huge number of coins listed.
✔️You can directly buy.
✔️Many crypto pairs against USDT.
✔️Other services like staking, lending, mining, and more.
Lack of Crypto pairs.
No direct sale of cryptos.

5. Crypto trading on Bitfinex.

Bitcoin Trading - Best Site To Trade Any Altcoin | Cryptocurrency

Bitfinex deserves on the fifth maybe it standing on the 16th position on CoinMarketCap but it still has 300+ coin pairs.

It gives you a very simple cryptocurrency trading chart that contains very features which a beginner and pro-crypto trader need.

Launched - October 2012, Coins - 299, Fees - Maker 0.1% Taker 0.2%
Newbie friendly - Yes, Pair - BTC, USDT, fiats,

Merits & Demerits.

✔️300+ crypto pairs.
✔️Have many USD, EUR pairs.
✔️Easy crypto trading chart. 
Have no crypto sell features.

Go To Bitfinex



Cryptocurrency trading is always profitable than crypto exchange because it charges low fees, price control, better trading chart, and many more.

Everythings look great right, is bitcoin trading really profitable yes, but it is more hazardous than you just one wrong step and boom💣 everything gone so be careful and do own research before jumping in crypto trading.

By the way, what you think about cryptocurrency trading. Have you ever started trading in bitcoin or any coin, what are you experience tell us. In my case, I use ETH pair for altcoin trading.✌

*Note - The fee given above may be change.

Handpicked for you.

No comments

Powered by Blogger.