The world is finally realizing the importance and scope of cryptocurrencies. Just a few years back, you had a huge population of people who thought cryptocurrencies were some fraud or fad. They thought crypto assets were going to disappear and never come back. However, what they did not realize that the blockchain, which is the technology that powers cryptocurrencies, has many more applications than just cryptocurrencies. For that reason, you can be sure that neither the blockchain nor cryptocurrencies are going anywhere. In fact, more and more people are now considering ways to get their hands on cryptocurrencies of many types.

In addition to being the currencies of the future, cryptocurrencies are also a great attraction as a trading vehicle for traders from around the world. These traders understand that the market is new and a new market can offer a lot of opportunities that other saturated financial markets don’t. If you are someone who is interested in cryptocurrency trading, you have come to the right place. EZDSK offers you cryptocurrency trading like no other online broker. We make sure that you enjoy trading and make a career in trading cryptocurrencies specifically because they are going to be your biggest investments in the coming years.

Before you jump into cryptocurrency trading, here is some basic understanding of this technology for you.

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WHAT ARE CRYPTOCURRENCIES?

First of all, you have to wrap your head around the idea of cryptocurrencies. In order for you to understand them, you will first have to understand the pain points of the current currency system that you are living in. For example, when you talk about credit cards and debit cards, you are talking about money that is constantly connected to your banks and governments. What’s the problem with that? Well, first of all, you want to get rid of this system because it proves to be quite expensive and heavy on your pocket at the end of the day. Since your bank is involved in every transaction you make from your account, it can charge fees for its “services.”

So, you are just transferring fees, and your bank is connected with the central bank and then to the international network of banks, and it is charging you money for that. You might ask, “Why can’t the bank come up with a system that does not require these jumps and huge fees?” Well, that’s the problem. Banks seem to be quite interested in the current system because it makes them a lot of money. And when banks make money, they make money for the government as well. At the end, you as a consumer, have to pay the price for everything.

Another problem with the current currency system is that you cannot escape the monitoring from your bank and government. There are certain things you want to do on the internet for which you don’t want to be held accountable. For example, gambling might be illegal in your country, so you may be interested in gambling on a website that’s from a different country. However, as soon as you deposit money in your gambling account, your bank will know. In fact, your bank might not allow you to deposit money in that account in the first place. That’s where you feel the restrictions on what you want to do.

That’s where cryptocurrencies come in and solve the problem. They are created without the involvement of your bank or government. They are created by people who are interested in a system that you are interested in. These people have created a network of computers through which they mine or let’s say create cryptocurrencies. You can use these cryptocurrencies on the internet for just about any type of transaction that you want. The best cryptocurrency right now is Bitcoin, which is the oldest and the most powerful cryptocurrency out there. If you want to use cryptocurrencies for doing daily transactions, you might want to consider getting your hands on Bitcoin.

HOW CRYPTOCURRENCIES WORK

So, since these currencies are digital, they are nothing more than a code. A company creates a system and within that system, they make a particular cryptocurrency valuable. Of course, if you create a system, you can create your own method of exchanging value in that system. For example, you could create a hospital where you only accept a cryptocurrency that you have created. For anyone who is interested in coming to your hospital will then have to convert their fiat currency into that particular token or cryptocurrency that you accept. That’s the same thing that happens with new cryptocurrencies.

The teams behind these currencies code a system and a vehicle to exchange value in that system. They create a currency and name it. In addition to that, they then provide a way to mine their currency. Mining is equivalent to printing new currency notes in the physical world. For people to mine new units of a cryptocurrencies, they have to have very powerful computers with powerful GPUs and a lot of RAM. They have to find solutions to certain cryptographic puzzles to create new currency units. There is a whole lot going on within this stage of the process, but that would be a completely different topic.

You can take advantage of our training material if you want to understand cryptocurrencies in even more detail. For that, you will have to sign up with one of trading accounts. You have many different options to choose from. You can pick an account based on your needs and requirements.

So, once a cryptocurrency has been created, you can use it in the real world for transactions. However, the cryptocurrency has to have some affiliations and a complete system where you can use it. If the cryptocurrency is unknown, you might not be able to use it at all. That’s why, it is usually recommended that you put your money in trading the established cryptocurrencies like Ethereum and Bitcoin right now.

HOW YOU CAN TRADE CRYPTOCURRENCIES

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 TRADE CRYPTOCURRENCIES AT ALL

At this point, the most important question that you should have on your mind is why you should trade cryptocurrencies at all. You have many other financial assets that you can trade in many other financial markets. For example, you can trade forex currency pairs and make a lot of money on them if you trade them properly. At the same time, you have brokers offering you hundreds of stocks from the best companies of the world. If you want something even more tangible than that, then you can go with commodity trading, in which you can trade energies, crops, produce, and even precious metals.

So, when you have so many different options, why should you consider trading cryptocurrencies in particular? Here’s something you have to know about cryptocurrencies. The world knows that these currencies are about to be the currencies of the future. There will come a time when the world will only be using cryptocurrencies. Don’t forget about the current coronavirus pandemic, which has already made banks and government from around the world think about cryptocurrencies because they can be exchanged without touching anyone or any surface.

In other words, one can say that good times are coming for the cryptocurrency market. In addition to that, the cryptocurrency market is still new. There are still fewer people in this market than are in any other financial market. Talk about forex or stock exchange, they have millions of people trading different types of assets all day long. Not to mention, there are some huge banks and other institutions in these markets, which means you hardly stand a chance to make a fortune in them. You can’t trade against the best people and make a lot of money. With small profits that most traders make when they trade these assets, they are not able to make their dreams come true.

On the other hand, you have cryptocurrency trading. This market is new and very little saturated. What that means is that you can still make an impact. It also means that there is still a huge chance of this marketing rising in the future. The prices of cryptocurrencies that you see today are not going to remain the same. Only time can tell what is about to come in the cryptocurrency market.  But most experts believe that this market is about to launch high in the air. That’s because in the coming years, more and more people will be interested in digital money. At the same time, people are now discovering the actual benefits of the blockchain technology. The more they realize, the more they will be interested in trading cryptocurrencies.

WHY TRADING WITH AN ONLINE BROKER

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.