Cryptocurrencies are the most profitable investment class of the last decade. Today, the internet is rife with testimonies of individuals and institutions who became wealthy investing in cryptocurrencies. And some more tales of others who leveraged the volatile price action of these digital assets and made bank trading cryptocurrencies.
In this crypto to trade guide, we will introduce the best cryptocurrency to trade in 2023, best trading strategies, and point you to the best crypto exchanges for trading cryptocurrencies, and how to get started in your day-trading journey.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Reviewing The Best Cryptocurrencies For Day Trading
One thing that stands out among the top cryptos to trade today is that they are all liquid and volatile. This makes them perfect for anyone looking for cryptocurrency day trading opportunities.
Now that you know all ten are perfect for cryptocurrency trading, let's look at each of them in depth. The best part is that they are also among the best cryptocurrencies to buy and hold long-term.
1. Binance Coin (BNB) – Best cryptocurrency to Trade Right Now
Binance Coin is among the best crypto to day trade, it's the most popular and most traded exchange-based crypto. Its massive popularity can be traced back to its close association with Binance exchange where it can be used to pay trading fees and the Binance Smart Chain where it is the native token.
The large demand from the altcoin among crypto investors on Binance exchange and blockchain network have therefore kept its trading volumes high and its prices highly fluctuating.
For instance, after rallying to an all-time high of $690 in early 2021, BNB coins lost much of the gained value and stormed into 2022 trading at around $540. And even though the market has been on a downtrend, Binance token prices have been ranging between $221 and $316 for the last 30 days. Its daily trade volumes have, on the other hand, averaged $700 million.
BNB coins are listed with a growing number of crypto exchanges. This not only makes the altcoin massively liquid but also gives the trader access to a wide range of BNB token trading pairs - which endears the crypto to active traders.
BNB offers various uses for its holders, from discounts on trading fees and access to upcoming token sales through Binance's Launch Pad program. In addition, it can be used within the company's Smart Chain (BSC), which creates NFTs and allows users to participate in building Dapps.
It is no surprise that BNB has become one of the most popular crypto for day trading in recent times. The token's stability and low volatility make it appealing for crypto traders looking to day trade or scalp some gains on their investments, as opposed to other currencies, which might be more volatile depending upon market sentiment.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Ethereum (ETH) – Best cryptocurrency to trade for short-term momentum trading
Ethereum shares most of Bitcoin traits, which makes it one of the best crypto to trade today. It too records massively volatile price actions, making it a preferred crypto asset by active traders.
It has also been listed with virtually all the most popular crypto trading platforms and records impressive daily trade volumes. In the last 30 days, for instance, ETH prices have been ranging between $1080 and $1170 while its daily trade volumes for the last 3 months remain above $5 Billion.
A growing number of crypto trading platforms will also let you trade either actual ETH or ETH CFDs. The advantage to trading actual Ethereum tokens is that the second most valuable cryptocurrency has proved its resilience.
This means that even if ETH prices crash after you buy, you can hold on to the coins and wait for their prices to rally back up. ETH CFD trades, on the other hand, let you make money regardless of whether ETH prices are rising or falling.
Ethereum is one of the most successful altcoins on this list, and it's not hard to see why. The blockchain was built with smart contracts in mind - which allow for code that runs without any interference from third parties. But even more than its functionality as an app store powering these kinds of applications, Ethereum also has appeal to short-term traders and long-term cryptocurrency investors.
The demand for Ether tokens for paying gas fees has made it one of the most sought-after cryptocurrencies on exchanges. Not only does this token provide access to Smart Contracts, but also as an investment that is continually drawing in retail and institutional investors for day trading and long-term investment.
The appeal of Ethereum for cryptocurrency day trading is clear when you look at its price action. There are strong supports and resistances that offer predictable market entries and exit points. This makes Ethereum very popular among those who want to day trade cryptocurrencies but need some predictability on price movements.
The best part about Ethereum day trading is that ETH is one of the most liquid cryptocurrencies in the market today. Ethereum is only second to Bitcoin in trading volumes, and when you couple this with its price predictability, it is easy to see why it is one of the best cryptocurrencies to day trade today.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Bitcoin (BTC) - The most traded cryptocurrency
Bitcoin is the overall best cryptocurrency to trade in 2023 and it is easy to see why. For starters, it has one of the most volatile price action and records some of the highest daily trade volumes. In the last 30 days, for instance, BTC price have been ranging between $15,600 and $26,320. It has also maintained its daily trade volumes above $20 billion throughout the last 3 months.
The pioneer cryptocurrency is also listed with virtually all the crypto exchanges around the world. For starters, this makes Bitcoin easily accessible. But even more importantly, some of these exchanges let you choose between trading actual BTC coins and Bitcoin CFDs. The latter ensures that you can buy or short BTC trades, meaning that you can make money when BTC prices rise or fall.
BTC’s listing with most exchanges also makes it one of the easiest cryptocurrencies to trade in 2023. This is made possible by the fact that the exchange presents you with the widest range of trading and market analysis tools. We also include it among the top cryptocurrencies to trade today because its value is expected to sustain an uptrend. This says that even if BTCs prices died after entering into a trade, you can always avoid selling by waiting for it to rally back up.
Bitcoin’s first-mover status has allowed it to gain traction in such an otherwise flooded industry that continues evolving daily. While there have been some challenges along the way, including price fluctuations and regulations, Bitcoin remains a top cryptocurrency for day traders looking to capitalize on market volatility.
Anyone who has ever tried day trading knows that volumes matter. The higher the volumes that a trading asset has, the better its odds of success. On this front, Bitcoin is miles ahead of the competition. With more than $20 billion in daily trading volume, Bitcoin is the most liquid cryptocurrency ever.
Most cryptocurrency exchanges can give investors tight spreads on BTC thanks to the huge trading volumes. This makes day trading strategies like scalping possible with BTC.
Besides the volatility characteristic of all cryptocurrencies, Bitcoin stands out as a top cryptocurrency to trade for its current adoption levels and growth potential.
None of the other cryptocurrencies match Bitcoin in terms of merchant adoption. At the same time, institutional investors are increasingly seeking exposure to Bitcoin. This gives Bitcoin good short-term potential and makes it one of the best cryptocurrencies to buy and hold for years.
4. Cardano (ADA) – Popular cryptocurrency with many trading opportunities
What if you could harness the power of blockchain without bleeding your bank account dry? Cardano is a cryptocurrency that aims to compete with Ethereum in terms of features, but at below $1 per token, is affordable for most investors.
Charles Hoskinson, who was part of the original Ethereum team, developed Cardano. Hoskinson and the rest of the Cardano team hope this new network will provide even more value than his previous work while remaining accessible to many, primarily through its low barrier to entry staking.
With its 'Proof-of Stake' mechanism, Cardano only uses a fraction of the energy requirements of Bitcoin. This gives it a high adoption potential while creating a source of passive income for those that stake ADA tokens.
For day traders, there is a lot to love about Cardano. ADA is one of the most traded cryptocurrencies today. Like other best leading tradeable cryptocurrencies, ADA has high trading volumes at any given time. This means Cardano spreads are low on all top cryptocurrency exchanges. It also means that Cardano is a perfect cryptocurrency for scalpers and traders employing different day trading strategies.
5. Ripple (XRP) – Best cryptocurrency to trade for a potential price reversal
There's a lot of buzz about XRP, but is it worth your time? The answer depends on if you have short-term or long-term investments in mind. If you are a long-term investor, you need to consider XRP's core fundamentals and the risks involved.
However, for traders with narrower spans between trades (i.e., those looking only at what lies ahead today), Ripple (XRP) offers some attractive trading opportunities. That's because it HAS one of the largest communities in crypto, and XRP volumes are usually high on most cryptocurrency exchanges.
Ripple price is also highly volatile, and its volatility will likely increase in the coming days and months. That's because there is a lot of speculation that the ongoing court case between Ripple and the SEC could be close to its end. It's been a tough few years for Ripple. The uncertainty of the SEC case has caused major fluctuations in recent months and could provide some exciting opportunities for those looking to day trade XRP in 2023 and longer.
6. Chainlink (LINK) – Decentralized oracles cryptocurrency with growth potential
Chainlink (LINK) is an obvious inclusion in the list of top cryptocurrencies for successful day trading in 2023.
Chainlink is a network of oracles that provide data to decentralized applications. These networks are not centralized, so they allow the Dapps access to real-world insights without being vertically integrated with one source for all information.
The data oracles on the Chainlink network are an essential part of keeping Dapps running smoothly. By aggregating information from various sources, this service ensures that every piece sent through its system gets accurate feedback. To guarantee the accuracy, the network rewards data providers with LINK tokens if they deliver facts as requested by a smart contract.
Over the years, LINK has become one of the most popular cryptocurrencies for day trading. That's because LINK is listed on almost all the best cryptocurrency exchanges in the market, which makes it highly liquid. Besides, due to its high utility, and currently depressed prices, LINK continues to attract many traders, which keeps volumes high at all times. The result is that LINK is practical even for scalping day trading strategies.
7. Dogecoin (DOGE) – The number one meme coin perfect for small traders
Dogecoin is one of the most popular and most traded meme coins. Its popularity soared in early 2021 during the crypto market rally but has remained relevant largely thanks to the public endorsement it continues to receive from the richest man on earth - Elon Musk. Dogecoins are a regular news item on both mainstream and digital media as well as one of the most talked about crypto on social media.
These discussions often inform its fluctuating price action as trader sentiments change. They are also one of the primary reasons why we consider Dogecoin a top cryptocurrency to trade today.
We also feature it here because it recorded explosively volatile price action and massive trade volumes that it has been recording in the past. And which makes it one of the best cryptos to trade for active traders.
If you follow the crypto markets, it's no secret that Dogecoin was one of the 2020s most popular coins. It survived May 2021 without majorly falling apart and remains one of the most popular meme coins to trade today.
While Dogecoin has lost a significant portion of its value for the better part of the year, it remains one of the most popular meme coins for day traders and long-term investors. With the right factors at play, DOGE has shown higher return potential than most cryptocurrencies.
DOGE is an amazing cryptocurrency for short-term traders because its price can rise quickly and fall quickly. This makes it perfect for taking advantage of any trading opportunities, regardless of the prevailing market conditions. While this volatility may not be ideal for the risk-averse, those who can shoulder it have multiple profit opportunities from Dogecoin at any given time.
Most importantly, day traders love Dogecoin for its high trading volumes. Dogecoin's high trading volumes come from its large and passionate community, numbering over 4 million on social media platforms. This coupled with the fact that DOGE is available on most top cryptocurrency exchanges, makes it one of the best for day trading.
8. Shiba Inu (SHIB) – Best meme coin to trade in market rebounds
Another crypto to trade today is the Shiba Inu crypto. This meme currency also records relatively high daily trading volumes around $200 Million for the past three months. This was made by its listing with all the popular crypto trading platforms, the ongoing meme coin frenzy, hype from the crypto community, and ongoing investor interest in the meme coin.
These are some of the main reasons why we consider Shiba Inu to be one of the best cryptocurrencies to trade in 2023. Shiba Inu is one of the most famous meme coins in the market today. Since SHIB's price rallied by 48,000,000% in 2021, the SHIB community has grown exponentially.
Shiba Inu has been listed on almost all the top-rated cryptocurrency exchanges. The has seen its liquidity shoot up over time, making it one of the cryptocurrencies of choice for day traders.
9. Avalanche (AVAX) - Best Undervalued Cryptocurrency to Trade Today
Avalanche is yet another former top 10 most valuable cryptocurrency. But though it has fallen off the coveted list, most active traders have it on their watchlist for the best undervalued cryptocurrency to trade in 2023 because of its volatile price action, accessibility seeing that it is listed with numerous crypto trading platforms, and liquidity - owing to its high daily trading volumes.
But above all, everyone considers AVAX a top crypto to trade because of its volatile price action. In the last 30 days, for instance, AVAX price fluctuated between $11.28 and $21.30. On the other hand, its daily trade volumes for the same period were around $150 Million.
It also makes it here because the listing with different crypto trading platforms makes the trading both actual and AVAX CFDs possible. Each form of trade has its key benefits with CFD trading being able to open large AVAX trades with insignificant capital by applying leverage as well as the ability to long or short AVAX trade.
10. ApeCoin (APE) - Best Cryptocurrency to Trade for Fast Turn Around
ApeCoin has been touted by many as the best cryptocurrency on the market. ApeCoin is arguably the most popular of the digital assets launched last year. We feature it among the top cryptocurrencies to trade today because of the massive trader interest in the coin.
The reason many consider ApeCoin to be the best cryptocurrency to trade is the fact it is so widely NFT adopted.
These, plus the fact that it was quickly listed with virtually all the most popular and resource rich exchanges make it one of the most sought after crypto to trade by active traders. Not to mention that it too can be traded either as actual tokens or in the form of APE CFDs.
Two other reasons why we consider APE a top crypto to trade are that it still is a working development. Plus it enjoys unmatched support from celebrities and crypto influencers. This ensures that between hype and development news, there are almost always news or events driving APE’s price action.
11. Uniswap (UNI) - Best Multipurpose Cryptocurrency to Trade
Uniswap is the most popular and the most traded decentralised exchange token. We feature it among the top cryptocurrencies to trade in 2023 because its growing popularity has helped keep its trading volumes high and contributed to its fluctuating token prices. In the last 30 days, for instance, $4.98 and $6.5. Its trade volumes have also remained well over $70 Million over the last 3 months.
UNI tokens are massively popular because they are multi-purpose. In addition to being used for speculative investing, they are used to earn passive incomes from staking on third-party platforms and liquidity contributing to Uniswap. This explains their constantly soaring popularity - which in turn explains why they rank highly on top crypto to trade lists of most active traders.
Other factors that make the best cryptocurrencies to trade in 2023 include their accessibility - seeing they are listed with all popular crypto exchanges. They too can be traded both as actual tokens or UNI CFDs. Not forgetting that there currently are numerous UNI token trading pairs - thanks to their listing with a wide range of exchanges.
12. Solana (SOL) - Best Cryptocurrency to Trade for Massive Quick Returns
Concluding our list of the best altcoin to day trade in 2023 is Solana. Solana, the most valuable crypto project and one of the fastest smart contract platforms, also makes it to our list of the most potential cryptocurrencies.
We feature Solana here because it is a highly liquid asset - as evidenced by the high daily trade volumes. Plus, its prices are massively variable - which endears to both short-term and active day traders.
Solana is still a work in progress in progress and is often at the centre of news both in mainstream and digital media. These are primarily news about developments of the different projects in its fast-growing ecosystem. These contribute greatly to its constantly fluctuating prices - which endear it to active traders.
Other reasons why we feature Solana among top crypto to trade today include the fact that it is easily accessible - seeing that it is listed with a growing number of trading platforms. This gives you access to one of the widest range of SOL trading pairs.
Based on market forecasts, Solana is also among the best altcoin to invest in and hold beyond 2023
13. Polkadot (DOT) - Highly Liquid Cryptocurrency to Trade Today
Polkadot is a fast-rising cryptocurrency with a massive potential for future value gain. It is also massively popular among active traders because of its relatively high daily trading volumes and highly volatile price action. In the past 6 months, for instance, DOT's daily trading volumes have averaged $200 million. And in the last 30 days, DOT prices have ranged between $4.44 and $5.73.
For the longest time, Polkadot was some of the top 10 most valuable cryptocurrencies. This popularity helped it list with virtually all the most popular crypto exchanges and trading platforms. This helped endear it to most active traders who were not only drawn in by its liquidity and the fact that most exchanges give traders access to a wide range of advanced trading, analysis, and risk management tools.
In most of these exchanges, you have the option of trading either actual DOT tokens or DOT CFDs. And the good with trading DOT CFDs is that you only need limited trading capital because most CFD trading platforms let you trade the altcoin with leverage.
A Simplified Guide To Cryptocurrency Trading
What is crypto trading? Cryptocurrency trading is just like any other financial asset trading. It entails the short-term buying and selling of a cryptocurrency over a short period. For instance, if a cryptocurrency trader expects the price of Ethereum to go up within the day, they can buy it in the morning, let its price rise, then sell once their price target is hit.
When you invest in crypto, it's crucial to consider your investment's time frame. However, because cryptocurrency price movements happen so quickly, especially compared against more traditional markets such as stocks or bonds, short-term cryptocurrency trading approaches tend to focus on much smaller time frames.
Crypto trading has always been considered one of the most profitable strategies for traders who want to make big bucks in a short time. One common tactic is buying crypto's that are about to go up before they peak, then selling them immediately. It's called scalping, and cryptocurrencies with high trading volumes have better outcomes than when trading conventional assets with lower volatility.
That said, even as you analyze our list of best cryptocurrencies to day trade, it is important to remember that this strategy is inherently risky. That's because in a volatile market like cryptocurrency, it can be hard to predict how prices will go within hours. As such, if you are to succeed when day trading cryptocurrencies, you need to develop a high-risk tolerance.
How Does Cryptocurrency Trading Differ From Investing?
The difference between crypto trading and investing is often misunderstood, but it's an important distinction to make if you want your money working for you.
Crypto trading is a high-risk but potentially lucrative venture that allows traders to take advantage of short-term price movements. When day trading cryptocurrencies, buy or sell orders must be closed within the day. It's a high-risk strategy, but if done right, it can lead to significant returns on investment.
On the other hand, cryptocurrency investing is about buying and holding cryptocurrency for years. When investing in cryptocurrencies, you have an advantage in handling volatile markets. Unlike traders, who often time the market and try buying low or selling high, crypto holders need not concern themselves with what seems like a perfect opportunity at any given moment. That's because emotion doesn't play nearly as big a role with these investments over extended periods.
For instance, while Bitcoin is usually highly volatile short term, with up to 70% declines in price, the overall trajectory has been up over the last decade. Bitcoin started trading in 2009 at under $1, and at its current price of $20,000, is still one of the most profitable investments ever. That's despite a drop in the price from highs of $69k in 2021.
There's another major benefit, too: unlike people trading stocks (or other traditional assets), those investing in cryptocurrencies don't need to worry about waiting too long. With cryptocurrencies, anything between 5 to 10 years is enough to give you multiple times what you can get from the S&P 500, for instance.
With this in mind, it is only natural to wonder, is cryptocurrency trading better than long-term investing? Whether you want to become a cryptocurrency day trader or a long-term HODLER is a function of your risk tolerance. If you are into high-risk, high-return investments, then cryptocurrency trading is a worthy consideration. On the other hand, if you are uncomfortable with volatility, then long-term cryptocurrency investing could be ideal.
Understanding Cryptocurrency Day Trading
The idea behind crypto day trading is that you want to take advantage of quick fluctuations in the market. You open and close your position within a single business day, meaning if prices move up or down quickly throughout that period, then it's possible to make a profit.
To help you better understand how to day trade cryptocurrencies, here is an example of how it's done.
- A cryptocurrency speculator expects the price of Ethereum to go up during the day. From a hypothetical price point of $1300, the trader expects Ethereum to hit $1350.
- Buying volumes surge, and during the day, Ethereum ends up hitting a high of $1500.
- The trader decides to close the trade, giving them a profit of 15.3%.
On the flip side, a trader can decide that the price of Bitcoin will go down after starting the day at $19,800.
- The trader then opens a short position, with a target of $19,200.
- Bitcoin trades as the trader had anticipated, closing the trade at $19,200.
- At the end of the day, the trader books a profit of 3%.
Both of these examples indicate how profitable day trading can be when done right. It is essential to know that day trading, while lucrative and enticing, is risky. You must watch your trade at all times just to ensure that your trade is going as anticipated.
That said, if you have the time to study charts and enter multiple good trades in a day, it is possible to be consistently profitable when day trading.
Types Of Cryptocurrency Trading Strategies
Just like traditional assets, there are multiple strategies that you can use to trade cryptocurrencies. Here are some of the most common ones.
Cryptocurrency day trading
Daytrading is all about the quick bucks. If you're looking for some high-paced action with quick returns, then this strategy might be just what your bank account needs. While it is risky, it can be as profitable as any other cryptocurrency trading strategy with the right skills.
Scalping is all about taking advantage of tiny market movements. Day traders often focus on hours when they trade cryptocurrencies, but scalpers can make quick decisions based on very little information. They have horizons ranging from minutes down to seconds because it's not about waiting for trends in your favor.
In most cases, scalpers tend to automate their strategies to take advantage of the tiniest market movements. They also make use of cryptocurrency signals. Crypto signals are available on Telegram, Discord, and other cryptocurrency groups focusing on feeding the correct information.
Dollar-cost averaging is a great strategy for investors who want to keep crypto investment risks low by buying consistently in small amounts rather than making one lump sum payment. You don't really care much about daily price movements when dollar-cost-averaging. You buy cryptocurrencies with a long-term view of the market.
The best thing about a dollar-cost averaging cryptocurrency trading strategy is that the investor does not feel emotional pressure. That's because they do not concern themselves with daily price movements, and the amount they commit regularly does not impact their lifestyle.
Buy and Hold cryptocurrency trading strategy.
Traders who want to go the distance may choose 'Buy and Hold'. This strategy is passive, as no trading is required. It's perfect for those looking for long-term success. A person who uses this strategy strongly believes in the strength of blockchain technology and its potential to change finance and many other industries.
The biggest advantage of a buy-and-hold strategy is that you are betting on the tech and not just speculating. It is a strategy that works well with stocks, and even in crypto's short history, it is a success. For instance, anyone who bet on Bitcoin in the early 2010s has reaped big time. This period has gone from under $100 to a high of $69k.
Best Time To Trade Cryptocurrencies
Ideally, any time is the best time to trade cryptocurrencies. That's because the cryptocurrency market is open 24 hours daily. As such, you are good to go so long as you can spot a trading opportunity.
That said, there are several factors that you need to put into consideration to avoid trading losses. One of them is liquidity. The best time to trade cryptocurrencies is when the market is most liquid. This is when you are likely to get the best prices when trading. Such times are usually when there is big news around specific cryptocurrencies.
It is also notable that, in most cases, trading volumes tend to drop over weekends. That's because institutional players are usually not in the market. This means even on the best altcoin trading exchanges, you are unlikely to get filled at the best prices.
Where To Trade Cryptocurrencies In 2023
Most of the top cryptocurrencies to trade that we have discussed herein above are massively popular and thus listed with virtually all the popular crypto trading platforms. Of these, however, we recommend that you start buying and selling cryptos on either of the following trading platforms.
- eToro - Best for beginner crypto traders. eToro has a highly intuitive user interface, supports a wide range of crypto assets, and allows you to trade both actual crypto coins and crypto CFDs (for select countries).
- Coinbase - Best for intuitive trading platform. Coinbase is deeply liquid, supports a wide range of cryptocurrencies, and maintains ultra-fast order execution speeds.
- Binance - Best for low transaction fees. Binance is the most liquid crypto exchange, it supports a wide range of cryptocurrencies and trading pairs, and has a resource-rich trading platform.
How To Trade Cryptocurrencies On eToro - Step by Step Guide
Want to jump straight to trading top cryptocurrencies on eToro? Here is a step-by-step guide on how to get started.
Step 1: Register an account with eToro
Open the official eToro website and tap on the “Join Now” button to begin the account creation process. Complete the registration form that pops up by entering your basic personal information.
Step 2: Verify identity
To complete the registration process, the multi-regulated crypto trading platform will demand that you verify your identity.
Step 3: Deposit funds
Log in to your eToro user dashboard and click on the “Deposit” icon. A funding tab will pop up, presenting you with a wide range of payment options based on your country of residence. Note that the minimum initial deposit for the UK and US residents is $10.
Step 4: Decide on which coin to trade
After going through the list of the top crypto to trade today, decide on the crypto coin you wish to buy and look it up on the list of crypto assets supported by eToro.
Step 5: Open buy order
Choose to buy the preferred crypto asset. A trading tab will pop up and you can use it to customize the purchase by indicating how much fiat currency you wish to spend on the trade.
Step 6: Sell crypto
Keep monitoring the altcoin’s price action and open a sell order when the cryptocurrency rallies and its price rises above your buying price.
Best Cryptocurrency to Trade – Conclusion
To conclude, this guide has conducted a deep dive into the best cryptocurrency to trade in 2023, discussing coins best suited for day traders before exploring several top trading strategies. Meta Masters Guild has had an explosive presale so far, already gaining investor traction and raising over $1 million USDT.
To conclude, this guide has discussed the best cryptocurrency to trade in 2023, discussing coins best suited for day traders before exploring several top trading strategies. We have told you how volatile their price action has been in the past, looked at their liquidity, the exchanges they are listed and generally why they deserve to be on your watchlist for the best crypto to trade today.
Always do your research and learn to spot scams. Look at the long picture when you have medium and long-term holds, and set stop losses for your short-term holds – always paying close attention to Bitcoin. Never invest out of fear of missing out or greed, and don’t let mistakes and losses discourage you on your way to success.
eToro – Best Place To Trade Cryptocurrencies
FAQs Best Crypto to Trade
Which is the best cryptocurrency to trade right now?
While all the cryptocurrencies discussed above are good for trading, Binance Coin stands out among the best crypto to trade right now. It is liquid, and volatile while also remaining relatively stable.
What are the most important considerations when day trading?
You need to consider many factors, but the most important ones are liquidity, volatility, and the time of getting and exiting the market.
What is the best exchange for crypto trading today?
The best exchange for crypto trading is eToro, Coinbase and Binance are also top choices.
How much do I need to start trading cryptocurrencies?
There is no standard minimum amount needed to trade cryptos because virtually all the crypto exchanges available will let you buy fractional cryptocurrencies. At eToro, for instance, you can start trading crypto with as little as $10.
How to trade crypto successfully?
While fundamental and technical analysis play a crucial role in crypto trading success, to trade crypto pairs successfully one has to invest in trading education, practice, and discipline. Experts advise to diversify your investments to reduce risks and to trade only what you can afford to lose.