The advantages of trading cryptocurrencies

Learn everything you need to know before you start trading bitcoin, Ethereum or any other cryptocurrency.

The advantages of trading cryptocurrencies

Trading cryptocurrencies, while similar to trading fiat currencies on forex, comes with its own set of advantages.

    Cheap fees and fast exchanges. For each trade, the exchange platform you’re using will take a small percentage as commission for the service it’s providing. This is inevitable. Where cryptocurrency trades differ from their fiat currency equivalent is in the size of this fee. Because the fees for transferring cryptocurrencies (typically via wallet payments) are cheaper than credit card and bank transfer fees, cryptocurrency-trading fees are cheaper than forex-trading fees.
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    Extreme volatility. Traders make profits when the price of the currency takes large strides upwards, and cryptocurrencies often experience large price movements. While this increases the risk (large price movements happen downwards as well), you can often make a lot of profit with a relatively small bankroll.
    Open all week. You can only trade stocks and commodities during business hours, and you can only trade forex during weekdays. Cryptocurrencies, on the other hand, can be traded 24/7, anytime and anywhere.
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