Beginner Guide to Thrive in Crypto Trading

Posted On : 20 Jun 2020
Category : Blog, Cryptocurrency, Exchange
HotBTC crypto trade

In order to make a profit from buying, selling, and trading on a cryptocurrency trading platform the first thing that you should do is create an exchange account and a digital wallet. HotBTC exchange does serve the same purpose and lets you trade seamlessly in a secure manner. Now, after creating an account on the platform you should be able to trade with all the major cryptocurrencies that include Bitcoin, Bitcoin Cash, Ethereum, Ripple XRP, Litecoin, and several other that are available on the platform, even also the new cryptocurrencies that are being added and updated by HotBTC at all times.

Well having so many choices it can be a bit harder for you to select the right exchange to make the most profit out of a trade and become an industry expert. The interesting fact is there are scores of opportunities for people interested in making a profit from cryptocurrency trading. HotBTC is the best crypto exchange platform that allows you to earn and make a profit from the trading of Bitcoins, Ethereums, Litecoins, and several other income-generating methods such as mining, listing coins, and ICOs, finding airdrops and several other ways. In this guide, we will discuss some of the proven ways on how to make a profit out of crypto trading on HotBTC.

  • Listing ICOs

ICO or initial coin offering works on the same principle which is quite similar to crowdfunding. By Listing ICOs on the crypto exchange platform, the traders are able to raise funds by creating and selling the coins holding very few capital risks. Moreover, ICOs are known to have huge potentials that can give you a lot of profit and bring in huge volatility as well. The only thing you should do is select the right ICO for you because if the ICO coins you choose do not hold any value then you may risk losing money.

  • Mining on the exchange

This is yet another interesting way to make a profit out of a crypto trade on the HotBTC exchange. However, theoretically speaking mining can be a bit difficult in some ways but is more profitable to you once you start mining coins the way it should be done. In order to start mining on the platform, all you need is a powerful computer, some basic software and hardware, and a crypto wallet. Bitcoin mining is very profitable and can help you generate more income and you can even join the Bitcoin mining pool which is considered the best in the crypto domain.

  • Long-term investment

This can be the easiest way to make a profit from crypto trading. It is evident that many people decide to buy a certain number of coins and deposit in their wallets and waits for the price rise which may not be a good idea. Here, if you invest the coins for a longer period of time it will give you more benefits and generate even more profit out of the market share. You can select some of the popular coins such as BTC, LTC, and XRP available on HotBTC and trade them in the market as they are easy to start with and are the best choice both for a beginner and an experienced trader.

  • Profit generating airdrops

There is no doubt that you cannot obtain airdrop tokens for making money on a crypto exchange platform, yes you can. Airdrops on HotBTC exchange are designed to distribute more coins to people who would like to market the coins or the project in the same manner for more profit. You can easily obtain airdrop cryptos by downloading any protocol and register for the following on and social media channels of HotBTC (Facebook, Instagram, Twitter, etc.) in order to give the airdrop creators a receiving address.

It is worth remembering that before you start trading with cryptocurrencies on a crypto exchange platform to make a profit, you should be well aware of the market risks involved. Like, say, for instance, if the coin you like to trade with loses its value then you might have to wait until it rises again and sell it to make money. However, you are free to trade anytime and from anywhere on HotBTC but you should consider the risks involved in crypto trading are worth your money.

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