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Crypto Trading Tips for a Beginner Trader

26 december 2022 – When picking a crypto asset for trading, it is important to consider the price chart and market capitalisation. The cap shows the level of the asset’s dominance in the market, which indicates the asset’s place in the whole market. Investors recommend buying both large and low-cap coins. Large-cap assets are those most popular, BTC, ETH and others; they are more resistant to the market’s volatility and demonstrate more stable growth. Low-cap assets are more sensitive to market fluctuations, but on the other hand, they have a bigger chance to multiply their value during the next market bull run. We recommend paying attention to the DASH crypto. Its market cap is $810 billion, and its price is $42.82. This article will tell us how to buy DASH and what trading tips to follow.

Where to Buy DASH?

It is advisable to use reliable and large crypto exchanges such as Binance and WhiteBIT. They allow you to deposit fiat money and buy crypto with a bank card. Here are the simple steps for buying DASH on WhiteBIT:

  1. Registration
  2. KYC verification (takes up to a couple of days)
  3. Picking a payment method
  4. Depositing funds (either from a bank card or a crypto wallet)
  5. Picking the assets in the crypto converter
  6. Paying the fee.

Once the commission is paid, you receive DASH in your account. Now let’s talk about how to trade DASH.

Tips for Crypto Trading

Traders use the following trading styles:

  1. Scalping
  2. Daily trading
  3. Swing
  4. Position trading.

The most widespread is the daily trading method. Here are some daily crypto trading tips:

  • Select the strategy and keep to it
  • Manage the risks
  • Diversify investments buy both large and small cap coins)
  • Use automated trading programs not to miss out on every opportunity to earn
  • Buy coins for the long term.

We will also mention some widespread mistakes in trading. For example, you should not spend all your money on crypto investment and, moreover, borrow for it. Allocate just a part of your monthly income and do not exceed the planned amount. The next mistake is being beckoned by scam websites. Pick only reliable crypto platforms for trading. 

Never think that crypto trading is an easy way to make money – it requires a lot of work and in-depth knowledge of how the market works. Learn more about crypto trading tips on the WhiteBIT blog.

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