Cryptocurrency Trading: What It Is and How It Works

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As a passionate writer, I would like to use this platform to share and express my enthusiasm for cryptocurrency. If you happen to see this post on your blog feed, feel free to visit my profile especially if you are a type of person who shares the same interest in crypto as mine. Because the articles that will be posted on my profile are all related to cryptocurrency.

In this article, I would like to talk about crypto trading — what it is and how it works.

To give you a better understanding of how crypto trading works, Let’s say you decide to buy Bitcoin because you believe its value will increase. Several days later, market capitalization indicates that the market price of Bitcoin moves in the wrong direction and its value may fall so you will go and sell your crypto to prevent from losing profit.

It is more like playing the market and speculating what the cryptocurrency price movement would be. In the simplest way possible, crypto trading is about buying and selling assets with the aim of making a profit.

The benefit of Crypto Trading

Now that we already have a general gist of what crypto trading is and how it works, let me now give you reasons why crypto trading is a good idea.

Quick and easy transactions - What's one big problem that you have with fiat currency? Well for me, my biggest problem is that it can take days and even for a transaction to complete. This is the problem that you will never experience once you enter crypto trading. Regardless if it's midnight or early in the morning you will get your money right away.

Your crypto is safe and secured - Up to this day, the security of fiat currency is uncertain. But since decentralized cryptocurrencies are based on cryptography and blockchain security, they tend to make for secure forms of payment.

High ROI - Huge gains on Bitcoin and other cryptocurrencies might be among the most well-known cryptocurrency benefits. Volatility has classified prices in the crypto world, which has been one of the fundamental benefits of cryptocurrency for day traders and speculators.

The Perks of Trading in KuCoin

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Out of all the crypto exchanges out there, I chose KuCoin to be featured in this article for the reason that they have a lot of ongoing trade activities with exciting rewards for the month of August.

SWASH Trading Carnival

Image from KuCoin

The people’s exchange was overwhelmed with the amount of support that its users give to
SWASH, the native token for the Swash ecosystem. And because of that, KuCoin has launched a campaign on August 12, to give away a reward pool of 2,614,600 SWASH (approximately $58,000) to qualified KuCoin users which will end on August 19, 2022, at 12:00:00 (UTC).

KuCoin has prepared three activities for this campaign. To know the requirements for each activity, kindly click the link here.

PROM Trading Competition

Image from KuCoin

Next on the list is Prom, the official cryptocurrency of the Prometeus Network. Together with the Prom project, KuCoin prepared to give away a PROM prize pool worth $40,000 to qualified KuCoin users. The campaign already started last week but to anyone who is interested to join, hurry up as the campaign will end tomorrow at 10:00:00 (UTC).

KuCoin has prepared three activities for this campaign. To know the requirements for each activity, kindly click the link here.

PLY Are Up for Grabs!

Image from KuCoin

The celebration for KuCoin users' support of Aurigami is riding upon its upcoming good news. But prior to that, the people exchange launched a campaign (which started on August 15, 2022) to give away a PLY reward pool worth $30,000 to qualified KuCoin users. The said campaign will end on August 22, 2022, at 10:00:00 (UTC)

KuCoin has prepared two activities for this campaign. To know the requirements for each activity, kindly click the link here.

Start a New Journey With Geojam

Image from KuCoin

Because of the massive support that KuCoin users give to Geojam (JAM), KuCoin would also like to express their appreciation by launching a campaign to give away a JAM reward pool worth $50,000 to qualified KuCoin users.

KuCoin has prepared three activities for this campaign. To know the requirements for each activity, kindly click the link here.

Create HIPUNKS, HIBAYC Trading Bots

Image from KuCoin

As a KuCoin new user myself, I’m sure I'm not the only one who enjoyed using its trading bot. So It is not surprising why a lot of people continue to support the KuCoin Trading Bot. And because of that, KuCoin would like to express its gratitude to its users by setting up campaign activities to give away a 20,000 USDT prize pool for HIPUNKS and HIBAYC Grid Trading. The event has already started and it will end on August 21, 2022, at 15:59:59 (UTC)

KuCoin has prepared three activities for this campaign. To know the requirements for each activity, kindly click the link here.

Author’s Note:

In a world of crypto, everything is risky. Hence, Risk management is also a significant aspect of trading. I remember this piece of advice that I received from another trader I met online. If you decide to enter crypto trading, it is important that you are aware of how much money you can and willing to lose in case it might go against you. Considering that it’s almost like herding cats to predict any future market activity with no hesitation, crypto trading is merely a defenseless and risky attempt in and of itself. But at the same time, always remember that at the end of the day, you are the only person who can decide what you want for yourself by making use of available information and your own understanding, and to make sure as well that you are efficiently informed.