The world is changing every passing minute. There was a time when people used to trade barter. Things changed later and humans invented money to exchange the value of goods and services. The money has been changing its form ever since it was first invented. You had coins made out of precious metals and then coins made out of less precious metals. Paper money was the easiest to handle and that’s why it has been performing so great to this day. You now use a combination of many forms of money without realizing it. For example, you use cash money when you pay at store for a small item and use your plastic card for bigger payments.

You can transfer money online without touching your plastic card or the cash in your wallet. However, things are about to change completely this time. Despite the many changes in the form of money, it has always been a government-controlled form of exchanging value. The government and the central bank of the country are the ones that issue the money. Furthermore, every time you make a transaction online or through your card, your bank knows about it. That’s the concept that many people dislike. They want to use their money freely without the involvement of the bank. Not to mention, banks charge big fees for their services when you transfer money or pay for some product/service online.

That’s where a cryptocurrency like Bitcoin comes in. Let’s understand what Bitcoin is and why Bitcoin trading matters for every trader around the world today.

EZDSK – A Broker Dedicated to Cryptocurrency Trading

First of all, you will have to understand the basics of Bitcoin, which is a cryptocurrency. A cryptocurrency is a digital currency that exists only in the digital world. You don’t own it in the form of tangible money. And no, it is not plastic money either. You will be surprised to know that your bank is not involved in the production of Bitcoin. You will continue to learn more about Bitcoin as you read. So, Bitcoin is a digital currency that has been around for more than a decade now. The idea of Bitcoin was to get rid of the current form of money and take all economic, financial, and monetary matters into the digital world in a literal sense.

That’s what Bitcoin achieved when it was introduced in 2009. Before that time, there were many concepts of cryptocurrencies, but no one had come up with proof of its existence. Satoshi Nakamoto is the person or organization that has given rise to Bitcoin. No one knows who Satoshi Nakamoto is or if it is even a person. Some believe that it is a team of developers and others believe that this particular task has been performed anonymously by the biggest tech companies of the world. Samsung is sometimes named as one of the companies that might have contributed to the creation of Bitcoin.

Bitcoin exists only in the digital world. It is created through a mining process, in which you have to solve some really difficult cryptographic puzzles using extreme computing resources. If you are able to solve the puzzle, you own a specific unit of Bitcoin. The units of Bitcoin that you get with every completed puzzle are reducing with time. There will come a time when the mining of Bitcoin will completely stop. You have to keep in mind that Bitcoin is the first cryptocurrency in the world and it is also the highest valued out there. It has remained the cryptocurrency with the highest value since day one and no other cryptocurrency comes even close to it.

It should be mentioned here that due to the popularity of this cryptocurrency, you can use it more easily than any other cryptocurrency out there. Many other cryptocurrencies are just concepts. Some famous crypto coins are only famous enough to be used on online cryptocurrency exchanges. Or you can trade them with other people who are willing to exchange some other crypto coin for the one you have. On the other hand, you have Bitcoin, which can be used for a variety of purposes today. You can buy stuff online with it and even pay for services. It is the most liquid and accepted cryptocurrency out there and one that everyone wants to get their hands on.

What you have to remember when you think about owning this cryptocurrency is the value of it. One Bitcoin is almost always worth many thousands of the US dollars. Its value is quite high and that’s why many new traders are not able to afford it. However, you can afford it, trade it, and make profits from it if you learn how to trade Bitcoin, which brings us to the important point, “What is Bitcoin trading?”

UNDERSTANDING BITCOIN TRADING

You can trade Bitcoin in many different ways. You have to pick the way that sounds easiest to you. However, you will also have to pay attention to making things secure and safe for yourself. We’ll talk more about Bitcoin trading and the many associated scams as you continue to read. So, when it comes to Bitcoin trading, you can decide how you want to trade it. First of all, you have online cryptocurrency exchanges that sell a variety of cryptocurrencies. They will always have Bitcoin and you will easily find this currency on just about any online cryptocurrency exchange no matter which country you are from.

You should, however, make sure that your government allows owning and using Bitcoin. You can get in trouble if the government in your country has already banned Bitcoin. So, when you go an on exchange, you will have to exchange some currency with Bitcoin. Again, it is your choice which currency you want to use to buy Bitcoin.

The most common way for people to buy Bitcoin these days is by using their credit cards. There was a time when you could not have used a credit card to buy Bitcoin from online exchanges. However, there are many banks that have issued cards that you can use to buy Bitcoin without any hassle. So, you just go on the online cryptocurrency exchange, look at the currency exchange rates of Bitcoin, choose the number of bitcoins that you want to trade, and get them. Here, you have to know that when you buy Bitcoin, they will have to go somewhere.

They will not come to you in mail in some cash form. Since it is a digital currency, you will have to store it in a digital wallet. Right when you buy Bitcoin from an online exchange, the money will go straight into the wallet on that website. Yes, the exchange you are using for buying Bitcoin will have a Bitcoin wallet on it. You can keep the money safe in this wallet unless you get a hold of a personal Bitcoin wallet. There are many different types to choose from. Just make sure that you pick a type that’s safe and secure. The wallets that are connected to the internet all the time are considered the most unsafe wallets.

The other way of trading Bitcoin is by using the other cryptocurrency you own to buy Bitcoin. There are many online cryptocurrency exchanges that allow you to exchange the cryptocurrency you have for Bitcoin. It is quite unfortunate that a lot of these online exchanges do not offer you many options in terms of cryptocurrency to cryptocurrency exchange. Yes, if you already have Bitcoin, you can buy just about any cryptocurrency that you can think of online. However, if you have some other cryptocurrency and you want to buy Bitcoin, you will have a hard time doing that.

But this does not mean that there are no online exchanges that do not allow you to trade your crypto coins for Bitcoin. Ethereum, Litecoin, and Ripple are other famous cryptocurrencies that you can often us on online exchanges to buy Bitcoin. Ethereum is the most famous out of the bunch so if you own any Ethereum, you will not have a hard time buying Bitcoin. So, these are the two methods you can trade Bitcoin on the internet. However, the best method of trading Bitcoin is still to come.

So, the best of trading Bitcoin is when you sign up with an online broker for trading and that brokers gives you access to Bitcoin. That’s exactly what we are doing at EZDSK. We provide you with a trading platform where you can trade Bitcoin in addition to many other cryptocurrencies. You can trade Bitcoin with ease because our trading platform is working 24/7. You will get many other options on the platform so if you are not really into trading Bitcoin, you can trade other digital coins like Litecoin, Ripple, and Ethereum.

HOW BITCOIN TRADING WITH EZDSK WORKS

There are many ways for you to trade cryptocurrencies. You have to make sure that you only opt for a fast and safe method to trade. It has to be mentioned here that the online world is currently full of frauds and scams done in the name of cryptocurrencies. These fraudsters fully understand that the world is after cryptocurrencies right now. For that reason, they are creating new platforms and brokerages only to make a fool out of people. These platforms are not platforms and the brokerages are nothing more than websites that are there to make people shell out money and give out their banking information.

You want to stay away from them as much as you can. In addition to that, you have to find authentic ways to trade cryptocurrencies. You can go on online cryptocurrency exchanges to buy your favorite digital coin. Yes, you can buy a digital coin of your choice by spending the money you have. Your fiat currency will work and help you buy the cryptocurrency you are interested in. However, you have to make sure that you first narrow down your search on which cryptocurrency you want to buy. Don’t buy a cryptocurrency without proper research. Many digital coins seem promising when they are just starting. However, waiting out a little always helps.

Once you have found a cryptocurrency that you think is safe, you will have to find online crypto exchanges that offer you that particular cryptocurrency. Yes, you will run into this problem that the crypto coin that you are looking to buy will not be available on many online exchanges. Online exchanges usually have the most reliable and trustable cryptocurrencies on sale. That’s because if something wrong happens with the cryptocurrency, the exchange can be shut down and held responsible as well for putting up a fraud currency on its website.

You can buy the cryptocurrency of your choice with fiat currency or another cryptocurrency. Sometimes, this can be a very long route. For example, you might be able to buy a particular cryptocurrency only through Bitcoin. What that means is that the currency you are looking to buy is only available on one exchange. However, this same exchange only accepts Bitcoin to purchase any of its cryptocurrencies. Assuming that you don’t have any Bitcoin, you will first have to convert the currency you have in to Bitcoin. Later, you will have to use that Bitcoin to buy the currency that you want to benefit from.

After that, you will just keep an eye on the market price of that cryptocurrency. When you see that the price is right and you should sell the cryptocurrency back for a profit, you should do it immediately. As a result, you will now have your fiat currency but more of it because you will make profit on your trade. There is another method through which you can make trading more fun and easy for you. More importantly, this method of trading allows you to make more profits on your trades too. What is that method? Well, that method is to trade on EZDSK’s trading platform.

Yes, trading with an online broker is the most common way of trading cryptocurrencies. Keep in mind that in most cases, you will be trading cryptocurrencies in the form of CFD trading. CFD trading is the trading of contracts rather than the assets that you want to trade. However, since these contracts are reflecting the value of the asset you are trying to trade, there is no difference in the prices. The best thing is that you don’t have to hold any coins in your wallet. Holding coins in a wallet has always proven to be risky for new traders. So, save yourself this hassle and trade with an online broker.

WHY CONSIDER TRADING BITCOIN

So, why should you consider trading Bitcoin? There are many other assets in the world that you can trade. In addition to that, you have many other cryptocurrencies for trading as well. Why should you pick this particular cryptocurrency only? Here are some reasons.

It Is the Safest Cryptocurrency

There are many cryptocurrencies that you can trade today. In fact, if you look at the current status, you will find out that there are thousands of cryptocurrencies out there. However, many of these cryptocurrencies are new on the market. What’s wrong with new cryptocurrencies you might ask? Well, the problem with new cryptocurrencies is that they have not yet proven themselves as successful concepts. They are just concepts. When a new cryptocurrency launches, the team behind it launches an ICO. ICO stands for initial coin offering, which is an event in which the creators of the cryptocurrency ask investors from around the world to invest in their venture.

You invest in these cryptocurrencies and then hope for the best to happen. Unfortunately, good things don’t always happen in this world. A lot of the ICOs have proven to be fakes. In other cases, there were companies that just could not find out how to materialize their own concept. At the same time, there are some cryptocurrencies that have inherent flaws. What it means is that when you look at their whitepaper, you think they are some great concepts. However, when you bring those concepts in the real world, they just don’t work at all. That’s why they fail and you lose your money.

On the other hand, you have  Bitcoin, which is the first and the proven cryptocurrency. There is nothing for Bitcoin to prove. It has been around for more than a decade now and its value has not gone down.

It Is Valuable

You have to know that Bitcoin is the most valuable cryptocurrency that you can get your hands on. You will not find any other cryptocurrency come even close to the value of Bitcoin. There are many factors that contribute to its value. First of all, you will be surprised to know that there is a very limited supply of Bitcoin in the world. To be precise, there are never going to be more than 21 million Bitcoin in the world. You can already see how short it is in supply. You could not even think about giving even one Bitcoin to each person on earth. That won’t be possible.

Furthermore, the value of Bitcoin is high because it has been around for so long. When a new cryptocurrency is launched, people from around the world are skeptical about it, and they have all the reasons to be that way. On the other hand, they already know that Bitcoin has been around for more than 10 years now. It has gone through the test of time and after that many years, many countries in the world have accepted it. In other words, you can say that people trust Bitcoin and that trust translates into its value.

It Is Accepted

Last but not least, you have to know that it is the most accepted cryptocurrency out there. Despite the fact that you want to make money from cryptocurrencies by investing in them, you can’t afford to invest in a cryptocurrency that is not liquid at all. What will you do with a cryptocurrency that you cannot use on any online platform? That’s the case with many cryptocurrencies out there. They are great concepts and they have some value. However, they are still not accepted on any online platform. In other words, when you invest in those cryptocurrencies, your money is locked for many years.

That’s not the case when you invest in Bitcoin. This cryptocurrency is accepted around the world to buy products and services. You can trade it for just about any cryptocurrency easily on any online cryptocurrency exchange. In other words, your money is not locked for an indefinite period when you trade Bitcoin.

WHY TRADE CRYPTOCURRENCIES AT ALL

Now, you have to argue why you should leave all other methods and focus on trading with an online broker. There are many reasons to do that. First of all, when you trade with an online broker, you are usually not trading the real asset itself. When you trade real assets, you have cryptocurrencies in your wallet. However, when you are new in this world, you will not understand the many risks that come with holding cryptocurrencies in a wallet. Hackers are after you and they have already taken away millions and billions of dollars worth of cryptocurrencies from investors from around the world.

When you trade with an online broker, you don’t own the asset itself. What it means is that when you see that you are trading Bitcoin, you are only trading a contract that reflects the value of Bitcoin. When you trade successfully and win the money, the money comes in your account in the same format that you had deposited. Of course, if you are able to make a lot of profits on your trades, you will be able to purchase cryptocurrencies from other sources. You can buy any cryptocurrency that you wish to from any online exchange that you consider reliable.

You have to understand the difference between trading and buying cryptocurrencies. When you want to buy cryptocurrencies or sell them, you are going to go to an online exchange. On the other hand, when you are thinking about trading cryptocurrencies, you will not find any other platform better than an online broker like EZDSK. Here, you will trade cryptocurrencies against other assets. For example, you might trade Bitcoin against the USD. You might be able to trade many other cryptocurrencies when you choose to trade cryptocurrencies with online brokers. An online broker can provide you with a lot of different options from the cryptocurrency market so you can pick the digital coin that makes the most sense to you.

Another reason millions of traders from around the world are considering trading with online brokers like EZDSK is that they find a lot of other benefits while trading. So, take the example leverage. When you trade with online brokers, you will be getting some leverage with your trades. Leverage means that you will be able to enter trades with a sum bigger than the amount you have in your account. When you are a new trader, you don’t have a lot of money to spare for trading, and we fully understand that. While other brokers make it difficult for new traders to sign up on their platforms, we allow you to sign up with a small initial deposit and start trading straight away.

In addition to leverage, you also get access to a lot of tools that are supposed to help you with trading. Keep in mind that even the most experienced traders of the world use various tools to be successful with their trades. These tools are there based on the analysis of the market or the asset itself. You might want to familiarize yourself with fundamental and technical analysis here. Now, one of the best tools you get access to is trading signals. These are signals that tell you whether you should buy a particular cryptocurrency or sell it. Combine your knowledge with trading signals and you will be doing great.

You will also get access to market news and financial calendar. There are many other types of tools that you get access to when you sign up with an online broker. All of these tools are extremely important not only for new but experienced traders as well. That’s why, trading cryptocurrencies makes the most sense when you do it with an online broker.

WHY CHOOSE EZDSK FOR YOUR CRYPTOCURRENCY TRADING NEEDS

Now, you have to argue why you should leave all other methods and focus on trading with an online broker. There are many reasons to do that. First of all, when you trade with an online broker, you are usually not trading the real asset itself. When you trade real assets, you have cryptocurrencies in your wallet. However, when you are new in this world, you will not understand the many risks that come with holding cryptocurrencies in a wallet. Hackers are after you and they have already taken away millions and billions of dollars worth of cryptocurrencies from investors from around the world.

When you trade with an online broker, you don’t own the asset itself. What it means is that when you see that you are trading Bitcoin, you are only trading a contract that reflects the value of Bitcoin. When you trade successfully and win the money, the money comes in your account in the same format that you had deposited. Of course, if you are able to make a lot of profits on your trades, you will be able to purchase cryptocurrencies from other sources. You can buy any cryptocurrency that you wish to from any online exchange that you consider reliable.

You have to understand the difference between trading and buying cryptocurrencies. When you want to buy cryptocurrencies or sell them, you are going to go to an online exchange. On the other hand, when you are thinking about trading cryptocurrencies, you will not find any other platform better than an online broker like EZDSK. Here, you will trade cryptocurrencies against other assets. For example, you might trade Bitcoin against the USD. You might be able to trade many other cryptocurrencies when you choose to trade cryptocurrencies with online brokers. An online broker can provide you with a lot of different options from the cryptocurrency market so you can pick the digital coin that makes the most sense to you.

Another reason millions of traders from around the world are considering trading with online brokers like EZDSK is that they find a lot of other benefits while trading. So, take the example leverage. When you trade with online brokers, you will be getting some leverage with your trades. Leverage means that you will be able to enter trades with a sum bigger than the amount you have in your account. When you are a new trader, you don’t have a lot of money to spare for trading, and we fully understand that. While other brokers make it difficult for new traders to sign up on their platforms, we allow you to sign up with a small initial deposit and start trading straight away.

In addition to leverage, you also get access to a lot of tools that are supposed to help you with trading. Keep in mind that even the most experienced traders of the world use various tools to be successful with their trades. These tools are there based on the analysis of the market or the asset itself. You might want to familiarize yourself with fundamental and technical analysis here. Now, one of the best tools you get access to is trading signals. These are signals that tell you whether you should buy a particular cryptocurrency or sell it. Combine your knowledge with trading signals and you will be doing great.

You will also get access to market news and financial calendar. There are many other types of tools that you get access to when you sign up with an online broker. All of these tools are extremely important not only for new but experienced traders as well. That’s why, trading cryptocurrencies makes the most sense when you do it with an online broker.