How to invest in cryptocurrency?
Currently, the cryptocurrency market is quite diverse and attractive to many investors. Almost everybody has an opportunity to invest in digital currency and generate returns from it. It is evident that this kind of investment has some risks like volatility or tightening regulation of the cryptocurrency by the government. Nevertheless, this type of investment can bring a good income. There are currently many kinds of digital coins that you can make an investment in. Moreover, the developers are constantly working on improving their coins to make their use safer and reduce the volatility risks of such currencies.
Before investing your money, you need to study this market as any investment requires only deliberate decisions and actions.
Thus, it is necessary to take the following steps before you start trading:
- Investigate the cryptocurrency market.
- Choose the cryptocurrency that you want to invest in.
- Collect information about the team of the project to make sure that they are real people.
- Check the website of the project.
- Study the White Paper and Roadmap of the project.
- Find feedbacks about the project. Probably, somebody has already invested in this project and can share his experience.
What cryptocurrency is it worth investing in?
A cryptocurrency is a virtual type of currency that was created with the aim to become an analog to fiat money. Since Bitcoin was launched, many other types of cryptocurrencies have been created. However, Bitcoin is still the most demanded and popular cryptocurrency.
Types of cryptocurrencies:
1). Bitcoin (BTC) is a kind of cryptocurrency that was first on the market. The domain was registered by Satoshi Nakamoto in 2008.
2). Altcoins were developed as alternatives to bitcoin. Thus, these coins are also called "alternative coins."
Several types of Altcoins:
- Litecoin (LTC)
- Ethereum (ETH)
- Ripple (XRP)
3). Tokens. It is a digital asset that does not have its own blockchain like Altcoin and Bitcoin. Therefore, they are installed on the blockchain of other cryptocurrencies, such as Ethereum, Omni, Neo, Tron.
4). Stablecoin is a kind of cryptocurrency that is backed by a reserve asset (Tether (USDT), True USD (TUSD), Paxos Standard (PAX), etc).
Several methods to make investments in cryptocurrency
When you finish studying all the aspects of the cryptocurrency market, you need to decide on the methods of investing in cryptocurrency. There are several best ways to invest in cryptocurrency:
- Trading
- Algorithmic trading
- Earnings on referral programs of crypto exchanges
- Investment
- Stablecoins
- ICO/IEO/IDO/IFO
- Mining
- Staking/Farming
- Earnings on master nodes
- Mining on the phone
The best ways to invest in crypto: Trading and Algorithmic trading
One of the most popular and profitable investment methods is cryptocurrency trading on exchanges.
Trading is speculating on movements of cryptocurrency price through a CFD trading account or buying and selling base coins through an exchange.
Today, cryptocurrency trading is attractive because you can trade manually and automatically by configuring just a few functions to start trading.
Such functions are available on special trading platforms. One of the best platforms for cryptocurrency trading is Cryptorobotics.
Cryptorobotics provides its users with different solutions that significantly improve the process of trading.
Even if you are a beginner in cryptocurrency trading, it is not difficult to start trading and receive returns from trades at once.
What should you do to start trading on the Cryptorobotics platform?
To start trading on the Cryptorobotics platform, you need to:
- Go through the registration procedure.
- In the drop-down menu, you should enter your name, email, and password.
- Click on the tick to accept the terms of the agreement. Click on the “Done” button.
- The terminal will ask for a confirmation code sent to your specified email address.
- If you want to improve your safety, you have to enable two-factor authentication.
- Create an account on one of the exchanges that are integrated into the Cryptorobotics trading terminal.
- Bind the account created on the exchange to the terminal using the API key.
- It is allowed to use a free basic package of functions or connect one of three PRO packages.
- Choose one of the options of trading: Manual or Algotrading.
Manual and Algorithmic trading on Cryptorobotics platform
This trading terminal allows its users to trade manually or use some of the options of Algotrading.
Manual crypto trading
To start manual trading, you should:
- Click on the “Trade” button.
- Select the exchange for trading.
- Choose the trading pairs.
Besides, you can customize the additional settings like Limit and Stop limit orders and OCOs, or Smart orders, as well as Alerts that can significantly make it easier and improve the quality of the trading process.
Algorithmic crypto trading
To start Algotrading on the Cyptorobotics platform, you should choose one of the options for cryptocurrency trading:
Crypto trading robots are automated software that trades cryptocurrencies based on data and market trends. This development aims to generate profit from trades and prevent traders from losses and risks. Cryptorobotics created three kinds of crypto trading bots:
Crypto trading signals are trading ideas or suggestions from experienced traders to buy and sell a certain type of digital coin at a specific price and time. To launch this function, you need to configure it. After that, you can follow the signals of professional analysts and monitor their effectiveness from a single interface.
Autofollowing is a completely automatic function. The robot follows the signals of analysts and processes them; after that, it starts cryptocurrency trading.
In order to connect the Autofollowing service to your account, you must:
- Choose the channel you are interested in;
- Click on the "Subscribe" button;
- Pay for a subscription.
You also can subscribe to a new channel of Autofollowing that is called the AI Columbus Futures. It uses Artificial Intelligence algorithms to predict the price for each next hour, decide to give a signal at that moment, or wait for a more favorable trend in the market.
Copytrading is a function intended for automatic copying of trades of a professional trader. You should customize this feature to copy trades and have the same balance and type of cryptocurrency as a professional trader.
It is also worth noting that the platform provides access to the 15 exchanges integrated into this platform.
To get more information about the Cryptorobotics platform, subscribe to our YouTube channel or telegram channel - @Cryptorobotics.