Does the new world of cryptocurrencies fascinate you? Recent news stories of spectacular increases and of possible future gains have turned this into an exciting prospect. It may have captivated your imagination, as it has done with so many other people. The crypto market is highly volatile. You will always need a quick but a secure and safe exchange to trade your digital assets.
There are certain rules that come into play while trading cryptos.
Build the Portfolio on Bitcoin
Bitcoin is the top crypto ever since it has been introduced. Bitcoin has had phenomenal growth in its price and MarketCap since inception. If we exclude other crypto assets, Bitcoin has been the best performing asset in the world every year since 2009 through to December 2017 with the exception of 2014. It has beaten all global currencies, equities, commodities, bonds, ETFs, real estate throughout that period. Bubbles are by definition short-lived, they do not keep bubbling for eight years.
Trading Volumes
Volumes indicate the liquidity of an asset. The greater the liquidity the easier it is to buy and sell, even when there is turmoil, and the lower the Bid-Offer spread and therefore the cost of trading. Always avoid assets with tiny liquidity as when the shit hits the fan it will be costly to exit. Bitcoin has world-class liquidity.
Transaction Fees
Crypto trading platforms currently charge numerous maker fee, taker fee, transaction fee etc. These fees eat into your profits. Be careful about the unnecessary charges and think well while choosing a platform for your trades.
Don’t Overtrade. Lock up Coins
Sometimes traders over-trade stupidly at tiny whims when bored. A solution for this is to lock coins away out of reach.
Other key factors to take into consideration when picking a cryptocurrency trading platform :
– Currencies on offer – Not all crypto trading platforms have a full selection of coins. Some specialise in just one or two currencies.
– Liquidity – You don’t want to find that your platform doesn’t let you trade because of a lack of liquidity.
– Minimum investment –Most traders don’t want to be tied to a large minimum investment
PCEX- the solution
PCEX aims to bring traditional trade-techniques to the booming cryptocurrency market. PCEX is a high-caliber crypto-exchange with powerful trading tools. Although there are more than 200 exchanges operating, but security continues to remain the priority. Some exchanges do offer security and great customer support, but delayed responses have been an issue. PCEX hopes to address these loopholes through a well-planned, secure and user-friendly platform.
The exchange is designed for high-liquidity; PCEX charges a single transaction fee of 0.05% on any trade in their intraday and derivative markets and 0.5% in the cash or delivery market.
PCEX facilitates seamless trading and offers you the lowest transaction fee. Of all the current investment opportunities, crypto-trading has the highest ROI. Ours is one of the few crypto exchanges offering a sub-broker franchise where you can engage effortlessly in crypto-trade with our expert personalized assistance. Our sub-brokers can assist you and make your trading experience smooth.
With PCEX, you can enjoy crypto-to-crypto and crypto-to-fiat trading on a fast and secure platform. Happy Trading!
