How To Make Money Trading(Buying & Selling) Cryptocurrencies
You can’t argue the fact that Cryptocurrency has come to stay, and many people have made and are still making a fortune out of it, we are not talking about Bitcoin, we are referring to Cryptocurrency in general, on this post we will guide you on how can trade Cryptocurrencies and make money while doing that, Am making this guide free of any charge for our esteemed customers and followers that are Cryptocurrency enthusiast and would like to venture into its trading.
This guide isn’t a make money investment guide that promotes Ponzi schemes, and platforms that promise high investment returns after a period of time, using referral bonuses to recruit and scam gullible members. This is a guide on how the Cryptocurrency market works, how you can utilize the market, how you can trade on different Cryptocurrencies and possibly make a fortune by doing that.
Trading Cryptos in a layman’s language simply means buying some Cryptocurrencies when the price is relatively low and selling it when it’s high, you can call it hoarding of coins, some Cryptocurrencies and tokens value ranges from $0.0000539 to $1 and are increasing in value every day, now if you can buy thousands of this Crypto coins, hoard them for some weeks or months and sell them as soon as the value is high, you will be making a good return on investment within few weeks, months or years as the case may be, some cryptocurrencies can grow by up to 100% to 10000% percent within few weeks or months, take a look at the screenshots below
This Coin grew by 167% within a month period
Those are few examples among hundreds of coins that have good potentials, plus these coins are valued below $1 that makes it easier for one to buy thousands of them because the profit is in the numbers.
For example, a coin is worth N1.5($0.00366426) per coin and you bought 5000 of that coin at N7500(1.5 * 5000) or $18.32($0.00366426 * 5000), if the coin grew and is valued at N10(0.02442838) per coin you will have N50000(10*5000) or $122.14(0.02442838 * 5000)
The questions you need to ask now are:
How do I know these coins and tokens?
How To I buy and sell these coins swiftly and easily?
How do I Store these coins?
The answers to these questions are what this guide on Cryptocurrency trading is all about, so read on
Things you need to Trade Cryptocurrency
Before venturing into cryptocurrency trading you need to have some tools or resources that will enhance and facilitate the process this includes:
1 ~ An android or IOS Smartphone or PC
2~ A Cryptocurrency Wallet, for receiving, sending and storing of your Cryptocurrencies.
3 ~ An exchange platform, for selling and buying Cryptocurrencies.
4~ Updated Cryptocurrency Coins and tokens Analysis and Tips
How To Make Money By Trading Cryptocurrency
Answering the questions asked earlier is your key to trading and making profit from Cryptocurrencies, so here is it.
1~ First to start trading Cryptocurrency you need to have a multi-cryptocurrency wallet for storing, sending and receiving of those coins and tokens, we already have a list of the best cryptocurrency wallet where you can store multiple cryptocurrencies, click here to view them and download any of them.
2 ~ The ultimate thing is having an idea of the coins that are worth little cents now and are constantly increasing in value, as shown on the screenshots above, most people charge to give out this kind of information, but we @ androidtechvilla.com will give you that information free of any charge.
For this guide we will be using the Trust wallet, if you have the trust wallet app, go to the app settings and add as many different Crypto coins to your portfolio.
To do so, click on the settings icon on the home page
Then Tick as many Crypto coins and tokens to add them to your portfolio
Now that you have those coins, you need to go through them and look for the Cryptos that value some cents, $0. Etc, we will be using Tron for example
Click on the coin and check its growth within a specific time frame, a day , weekly , monthly, yearly etc
This will show the percentage growth the coin attained within any of the time frame, if it looks promising, then you should consider buying a bulk some of that coin.
You can still invest in coins that worth hundreds or thousands of dollars like Ethereum, BNB etc, what matters here is that the coin grows constantly over time and not stagnant.
Also, we have special channels where we share cryptocurrency Analysis, tips on coins with high profitability potential etc, these tips are shared on Edozexchange official Facebook page, Twitter handle, Androidtechvilla Telegram channel and Also on our WhatsApp TV channel, you should join those channels for updated Cryptocurrency Analysis.
3 ~ finally you need make use of a swift and trusted Cryptocurrency exchange platform that supports those coins that you will want to hoard, this is very vital, because that’s how you can be able to buy those coins with you local currency, and equally sell the coins and get paid in your local currency too whenever you want to withdraw your coins/profits. our exchange portal Edozexchange.com is the best platform to buy and sell any of those coins, click here visit the Edozexchange official exchange portal so as to able to buy and sell different Cryptocurrencies.
Note that Cryptocurrency fluctuates in nature, and trading in Cryptocurrency involves some sort of risk, it’s very important that you know that, also a coin can grew by 1000% this week and depreciate the next week, just like any investment, while trading Cryptocurrency use monies that you don’t need sooner(your spare money).
It’s very important that you connect to our social media platforms, so as to be up to date with Cryptocurrency tips and analysis
I hope this post answered your questions on how you can successfully trade on Cryptocurrencies and possibly make good returns.
Feel free to drop your questions or contributions via the comment section below.
Best Regards.
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