
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Today, cryptocurrency is steadily conquering the trading world. Crypto traders use its volatility to make fast profits and successfully multiply their deposits. But there are still many newbies who are still not sure where to trade cryptocurrency. In this article, we will help you choose the best and reliable trading platform for crypto and reveal what you should pay attention to in the first place.
Financial markets could not ignore the emergence of a new effective trading tool, and in response, specialized cryptocurrency exchanges appeared. These are trading platforms, which exchange one crypto for another, as well as exchange cryptocurrencies for real currencies of different countries.
Cryptocurrency exchanges provide transparent data on all transactions, a wide range of cryptocurrencies, and a possibility to influence and manipulate the market. Simply put, you have access to all necessary data and easy access to trading.
However, there is no regulatory system, which has certain risks associated with the complete loss of a deposit (keep in mind: they do not provide any insurance!). Also, despite the fact that exchanges are designed specifically for cryptocurrencies, trading on them has some pitfalls. Unfortunately, many of them have problems with withdrawal, and some of them allow to deposit or withdraw only crypto, not real money.
In addition, there are the following significant disadvantages:
These disadvantages significantly cool the ardor of traders. However, in addition to exchanges, there is another marketplace where it is even better to trade cryptocurrency: FBS Trader and FBS Personal Area.
Today, crypto trading services are offered by many specialized exchanges, so every trader wonders which one to use. Here are the most famous trading platforms:
This list could go on for a long time, but let's take a closer look at the alternative.
Forex brokers quickly realized that they could offer cryptocurrency trading and added this tool to their trading platform, offering higher leverage and lower commissions.
When deciding on what to choose, keep in mind the advantages of trading crypto with brokers, such as FBS:
FBS Trader and FBS Personal Area (Meta Trader 5) platforms provide the best crypto trading experience with low spreads, fixed leverage, and easy deposits and withdrawals. Here you can trade crypto using all customer benefits and bonus programs.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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