Bitcoin trading brings a possibility of earning huge profits for both cryptocurrency professionals or the beginners, in Bitcoin trading. It is a new market for them, and this market is highly fragmented with very big spreads. Many Bitcoin traders can make the big amount of money, by trading Bitcoins, as Arbitrage and margin trading, both are very widely available to traders.
More and more new users and new investors have been brought in Bitcoin trading than any other aspects of the cryptocurrency, because of Bitcoin’s history of bubbles and its volatility in price. The new speculators and investors want their share of profit, every time the price of Bitcoin rises.
Bitcoin trading has very little hurdles to enter, for the trader, in comparison to other instruments of finance. The trader can start trading Bitcoins instantly if the trader is already having Bitcoins with her/him. Verification is an unnecessary obligation in Bitcoin trading.
There are many online trading companies of Bitcoin, which are offering Bitcoins to the Bitcoin trader, as a Contract for Difference or CFD. It is always very lucrative to trade Bitcoin because Bitcoins are global cryptocurrency and can be traded anywhere in the world. Because Bitcoin is a cryptocurrency, that can be traded 24x7, as there is no official exchange for Bitcoins and Bitcoins are traded in hundreds of cryptocurrency exchanges 24x7. Since Bitcoins do not have any official price, which creates arbitrage opportunities for the trader. And finally, Bitcoins are very volatile cryptocurrency, that records very rapid and fast changes in the price of Bitcoins.
How to trade Bitcoin easily?
Bitcoin traders must find a suitable exchange for Bitcoin trading. The interested traders must check whether the exchange is trustworthy or not, what is the location of the exchange, what is the percentage of each trade, that is charged by the exchange as fees, and what is the liquidity rate of that Bitcoin exchange, before selecting and finalizing the most suitable exchange for her/him.
To start trading Bitcoins with an exchange, the trader needs to confirm her/his account through email. Once the trader’s account is confirmed and the trader is logged in, the trader must verify her/his personal information. The KYC and AML laws require verifications of traders by the Bitcoin exchanges, at varying levels.
The moment the trader’s account is verified, the trader needs to head over to the funding tab and select her/his methods of funding. Bitcoin deposits need one hour to confirm. Then the trader needs to navigate to the trade tab and put in an order, if the trader wishes to buy Bitcoins, by navigating to New Order tab.