If you have been trading crypto for any period of time, then you know how frustrating it can be to find an exchange with low or no fees, good customer service, and which has your desired crypto trading pairs (BTC/ETH). Most exchanges require users to pay high fees on either the buying or selling side of transactions, and the user experience can often be cumbersome. Coincub.com helps traders find the best exchanges so they can get crypto.
Exchange between Bitcoin (BTC) and Ethereum (ETH)
There are a bunch of different ways to exchange Bitcoin and Ethereum—which we will get into. But first, if you don’t already have either of these cryptocurrencies, it’s important that you purchase them (there are exchanges like Coinbase and GDAX where you can do so). Coinbase offers beginner friendly market trading as well as simple buy/sell options. Use its app or website and convert your currency between Bitcoin and Ethereum easily.
Day Trading Strategies
The most important thing you need to know about trading is that your goals should be realistic. In other words, don’t expect a quick and easy return—and don’t bet more than you can afford to lose. It’s also critical that you trade in a way that suits your risk tolerance.
Strategies to Help Maintain Balance
There are a number of factors that can negatively affect your crypto portfolio, including security breaches and hackers. Also, as trading becomes more popular, it’s harder to find some coins at a good price—meaning you’re paying higher fees to exchange them for different currencies. To manage these challenges, we’ve compiled strategies that can help you manage your risks and better maintain balance in your portfolio.
Technical Analysis Tips
While there are a number of strategies and indicators you can use in your crypto trading, most investors tend to focus on just two: technical analysis (or TA) and fundamental analysis. Technical Analysis assumes prices follow patterns over time, which can be interpreted by charts and historical data—if you’re into that sort of thing. For example, TA might help predict price movement based on a charting pattern like head-and-shoulders or double top/bottom reversal patterns. Fundamental Analysis is more traditional; it looks at tangible things like product development goals or market conditions to predict what might happen in an asset’s future performance.