What is cryptocurrency trading? - 1 minute read


Cryptocurrency trading means taking a financial position on the price direction of individual cryptocurrencies against the dollar. Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure its transactions. A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Cryptocurrency trading happens when you buy or sell digital currencies with the aim of making a profit from the changing value of the asset. Day trading is a popular trading strategy that involves taking positions and exiting on the same day.

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