8 Biggest Advantage of Crypto Trading in Year 2020
In this article, we will read the 8 biggest advantages of Cryptocurrency trading in year 2020.
Due to the increase in popularity with regard to cryptocurrency trading, there are more and more people interested in entering this world and above all in being benefited by said results. That is why you should take a look at the following beneficial points that crypto trading can bring you (or rather, that they will bring it to you).
1. 24/7 Payment Tracking:
Typically common banking systems ask your receivers or senders to track their payments through the banking systems for periods of three days or more.
2. Confidentiality and privacy between participants:
The world of cryptocurrency transactions works with a crypto trade; this implies that the transaction is only made between you and your beneficiary. This anonymity can even be maintained between those who make the transaction since you do not need much data from the parties, only what is necessary and for example, you do not need to meet the other person and they are practically anti-scam transactions.
3. Diversity of options:
In the market there are endless cryptocurrency options to choose from, so you should not feel limited in, for example, only trading bitcoin or only trading Ripple, but you can try your luck with several crypto trading strategies and find one That is the one that best suits your trading.
4. Different platforms to choose from:
You will not have to stick to a single dynamic of a single platform since there are hundreds of platforms in all countries that offer you different options of cryptocurrency services. For example, my preferred platform is OKEx, since its catalog of cryptocurrencies and payment methods is very wide and it is a regulated platform.
5. Market open 24 hours:
The market is active and open 24 hours a day and 7 days a week, this way you have the opportunity to trade at any time. Of course, at different times the market has different behaviors, but this does not mean that you cannot try your luck at any other time.
6. Low fees:
Most of the times the platforms charge small amounts per transaction and this helps the trader to have more profits and feel more secure in the event that you have to make transactions of large amounts.
7. Your money is insured:
Normally the amounts you have will be segregated to the accounts of each client so that they are safe without having to worry in case the platform you use closes or goes bankrupt.
8. Anyone can do it:
The good thing about this is that in the world of cryptocurrencies anyone can start to be a trader, there is no type of restriction, and you can access a lot of education, it is the perfect job for everyone.