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How to Trade in Cryptocurrency

Cryptocurrencies have become more popular, thus increasing in value. This has raised the number of interested investors in the market. But most of them have no idea where to start. Its unique characteristics add to the confusion of how to trade and sell it. Here is a way for you to prepare to trade and sell Bitcoin and other type of cryptocurrency.
You will first of all need to get a cryptocurrency exchange. There exist several of those, each with their pros and cons. You need to assess them in terms of fees and purchase options, supported coins, security, as well as liquidity. These are important in any exchange you may be considering. It is important you get one with favorable fees. The more the coins trading there, the better the chances of making profits. Security is an important factor. You need to see some strong measures in place, such as secure passwords, two-factor authentication, offline cold storage for most of your funds, and professional grade encryption.
You then need to create a wallet. There is no better place to keep your cryptocurrency. There is always a provisional wallet at your chosen exchange, but you should not leave your currency in there for too long. Storing it in your wallet is the only way you can be sure of security. It is important to always keep your private key secure. It allows you to transact safely. All the amounts you do not intend to trade with should be stored offline. You should then keep such info secure at all times. If you lose that offline info, you will have lost a huge investment permanently. You will find hardware wallets for such storage. You can find more info on them here.
You should now proceed to buy your first Bitcoin. You can do so after funding your wallet. There are choices you can make in this. There are ways you can use your credit card or bank account to make the purchase. You need to then move them to your personal wallet or trading wallet at a larger exchange.
You are now ready to trade and sell Bitcoin. You should have a plan on how you will do so, and the discipline to see it through. A good habit to adopt is never trading more than 5% of your total stock in one investment move. This shall minimize your losses in case the trade goes sour.
You need to only trade with an amount you can afford to lose. There are risks in investing. The cryptocurrency faces the ups and downs to trading markets as well. This calls for caution in how much you choose to trade with.
There are articles on this site you can refer to for investment advice.