Buying Cryptocurrency: The Most Traded Assets

Posted by: lukwago J in Business October 27, 2022

The cryptocurrency market has a typical characteristic – high volatility, i.e. fluctuations in cryptocurrency prices. Due to the high volatility, it is possible to profit from these price fluctuations by buying assets at lower prices and selling them at higher prices. This is called trading.

There are some trading strategies used in the cryptocurrency market:

Day trading
Position trading
Arbitrage
Scalping
Swing trading

They differ in terms of trading intensity, the time frame between the moment you buy cryptocurrency and sell it, and the number of exchanges used. Some trading strategies require the use of trading robots. They are configured according to the user’s needs, follow market fluctuations 24 hours a day and help place orders through scripts set by the user.

Cryptocurrency platforms, such as WhiteBIT, Binance, and KuCoin, offer a variety of trading instruments and revenue opportunities, including trading bots. They are the largest exchanges on the internet and support the largest number of cryptocurrencies and fiat currencies for trading. For example, on the WhiteBIT crypto platform, you can find the latest cryptocurrency prices for any asset.

Most Traded Cryptocurrencies and Where to Buy Crypto

Here are the most traded assets in the crypto market:

Bitcoin (BTC)
Solana (SOL)
Cardano (ADA)
Binance US Dollar (BUSD)
Ethereum (ETH)
Tether (USDT).

Bitcoin is the leading cryptocurrency, as it has shown stable growth over time. It is also the most traded asset in futures and leveraged trading.

The exchanges above offer cryptocurrency staking. It is a way to earn passive income by holding assets on a crypto platform. In return, you receive interest. Staking programs vary from platform to platform. WhiteBIT, for example, offers several programs that vary by term and interest.

The major exchanges also offer the option to buy cryptocurrencies with fiat money and convert cryptocurrencies into fiat money. This option is only available to registered and authorized users. Some trading services (WhiteBIT, Coinbase) offer demo accounts that allow users to practice and learn different trading strategies and improve their skills.

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