With so many crypto exchanges out there, it is important to choose the one that offers the most liquid order book in the world, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage.
Some Cryptocurrency Trading Software allows for users to trade with up to 3.3x leverage by receiving funding from the peer to peer margin funding platform. Users can enter an order to borrow the desired amount of funding at the rate and duration of their choice, or they can simply open a position and the exchange platform will take out funding for them at the best available rate at that time.
These are the few popular ones at the moment
- beaXchange
- Binance
- ChainCreator.Exchange
- Coinbase
- LocalBitcoins
- Remitano
Before getting your feet wet with crypto trading, take time to understand the jargon and common terms.
- Limit - An order to buy/sell at a specified price or better.
- Market - An order in which a buy or sell order to be executed immediately at current market prices.
- Stop - An order to sell or close your position once the market reaches a certain price.
- Trailing Stop - A stop order that can be set to execute once the market goes against you by a defined price, called the price difference. Trailing–stop sell orders are used to maximize and protect profit as a stock's price rises and limit losses when its price falls.
- Fill or Kill - This type of order is a limit order that must be filled in its entirety or canceled (killed). The purpose of a fill or kill order is to ensure that a position is entered at a desired price.