Cryptocurrencies are networks that are based on blockchain technology. In cryptocurrency trading, money is replaced with digital files. These are completely delocalized and are not controlled by a certain government or person.

Cryptocurrency is very exciting for investors these days, but it is not easy to deal with it. Avatrade is a rising cryptocurrency trading business which can be quite risky. Bitcoin was the first-ever form of cryptocurrency.

Things to Be Careful About

Before starting your career in cryptocurrency, there are a few things you should be careful about. There is a high chance of earning a good amount of profit; there is an equal chance that you can lose the entire amount you invested. The way you deal with your losses will show you how successful you are going to be in this trade.

Beware of FUD

FUD stands for Fear, Uncertainty, and Disinformation. It is a common term and is used in real-world as well as cryptocurrency trading. It includes some organizations or individuals reporting the site as scams and trying to stop people from investing their money in a certain asset. They spread uncertainty regarding the safety of the investor's money.

Persuasion

Do not put your ears on such rumors, and do proper research on the site before starting your trade. Never be influenced by the opinion of others about anything you are planning to work on. You should have the complete know-how of the site you are going to work at. You can use the Google search engine for this purpose.

How to start trading?

Let’s have a look on how you can start trading as a beginner

Get some coins

First of all, you need to get some coins to start trading cryptocurrency. The most common and easiest way to start is to get started with Bitcoin. It is accepted nearly all around the world in all the trading exchanges. You can buy Bitcoin by using your regular debit or credit card. It uses a coin base system and charges a little extra, but this is the most effective way to get your coins on-hand.

Create an account on the coin base

Get yourself registered on a coin base. Enter a few details and get yourself verified. Then you will have to add some suitable payment methods. You are asked to add a bank account or a debit/credit card. In order to get verified, you will need to upload either a driving license, passport, or ID card.

Deposit funds into Binance

Once you have created an account, you have to click on Accounts and then click Send. Then you will enter the address where the coins are to be delivered. Your account should be funded within 15 minutes.

Trade cryptocurrency at Binance

You are now funded with the cryptocurrency, and you can use the bitcoin. You enter the price by deciding whether you want a limit order or a market order. Your prices might not necessarily match the available market prices. When you buy NEO, you are done. Get ready for your first cryptocurrency trade!