Crypto trading is one of the most exciting ways to make money. But trading cryptocurrencies also carries some risks. That’s why we introduce you in our guide how you can learn how to successfully trade cryptocurrencies. We will give you an overview of what you should know before trading cryptos. We show you the advantages and dangers of cryptocurrency trading. And of course you will also find the information about which crypto currencies are suitable for trading where you can best trade cryptos.
Trading cryptocurrencies is a lot of fun. Nevertheless, the risks should not be underestimated. What opportunities crypto trading brings with it and what risks there are, you can find here:Opportunities
How high the chances of this type of trading are depends on what you yourself expect from trading cryptos. Are you looking for an attractive way to earn money in order to build up a second pillar with a certain financial commitment. Then trading cryptocurrencies is exciting.
The chances of cryptocurrency trading are only as great as the stakes can be. Who realistically trades with cryptos and makes his money bets wisely. In the end, he can also earn a lot.
On the other hand, we cannot name a percentage of returns. When it comes to crypto trading, a lot depends on how exactly you make your bets, which leverage you choose and where you want to get out. The price fluctuations in cryptos are sometimes so high that the profit can be high, but also the loss.
For many, becoming rich is the dream par excellence. But even cryptocurrency trading will only become rich if the stakes are correspondingly high. If you think you can earn a lot of money with a few hundred euros and therefore take a high risk of loss, you may also lose everything.
The risks of crypto trading are high. And many a risk can only be recognized when trading itself. Therefore, we strongly recommend beginners and beginners in crypto trading to start with a crypto demo account before using real money. Thus, trading on the well-known trading platforms can be simulated and tried out without having to use real money. So later the risks and above all the risk ideas are kept within limits.Choose a cryptocurrency trading software
For trading, you need a suitable software or platform. This should be secure and provide you with all the necessary tools. On this page I can recommend the providers Etoro, BDSwiss and IQ Option. In this cryptocurrency trading software, trading can be carried out with one click on rising and falling prices. Investments are already possible from 1€.
Which cryptocurrency platform you choose for your trading is one of the most important decisions you will make. The exchange will act as a digital wallet for your cryptocurrencies, so don’t dive in without first considering the factors listed below.
Some brokers specialize in crypto trading, others less so. IQ Option, for example, deliver traditional crypto trading via Forex or CFDs – but also offer multipliers for cryptocurrencies. These offer increased leverage and thus more risk and return. Innovative products like these can make all the difference when opening an account with cryptoelectronic currency.
1. eToro
(5 / 5)
➔ To the test report
# Simple platform
# Large selection
# Social Trading
# PayPal
# Crypto Wallet
Directly to the crypto broker (Risk Warning: 68% of CFD accounts lose money)
2. Libertex
(5 / 5)
➔ To the test report
# User-friendly
# Leverage up to 1:30
# Large selection
# German Support
# PayPal
70.8% of CFD accounts in private trading lose money.
3. Binance
(4,5 / 5)
➔ To the test report
# Leveraged Cryptos
# High security
# Large selection
# Low fees
(Risk warning: Your capital may be at risk)
4. Capital.com
(4,7 / 5)
➔ To the test report
# Large selection
# Fast software
# German Support
# High security
(Risk Warning: 79.17% of private CFD accounts lose money)eToro
If you want to trade crypto currencies, you will find many opportunities to do so on the eToro trading platform. The special thing about eToro is that it is a social trading platform. This makes it possible to follow successful crypto trading accounts with your real money account and to map their trading activities. Of course, eToro also offers a demo account that allows you, as a beginner in trading cryptocurrencies, to start relaxed and without the use of money.
The costs are also manageable with eToro – and above all transparent, with which the trading platform can often score points in comparisons. eToro charges a flat fee of 0.09% per trade in the form of the spread. Compared to many other trading platforms, this is a low fee. And: eToro does not charge any order fees!
In addition, eToro also allows deposits via PayPal. This is very convenient for many customers, as you do not have to enter your credit card details on the trading platform itself.B. My tip: Invest in cryptos instantly at Etoro
(68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Crypto investments are offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.) Libertex
The trading platform Libertex offers trading with 40 crypto CFDs on leading cryptocurrencies. This gives a wide range of possibilities for your crypto trading.
Like eToro, Libertex also offers a demo account for testing the trading platform. The opening of a real money account is free of charge, as is the account management. A (small) disadvantage is that Libertex only partially offers a German customer service. This means that if you do not speak English or very little, it is recommended to register your account with another platform to trade cryptocurrencies.
Another disadvantage for some users is that Libertex does not allow deposits with PayPal. Here, too, the social trading platform eToro clearly has the edge in cryptocurrency trading.
The platform was founded only a few years ago. But according to Wikipedia, Binance has now become the largest cryptocurrency exchange.
Meanwhile, 150 different crypto currencies can be traded on the trading platform. In addition, Binance has its own cryptocurrency, the Binance Coin (BNB). These know are used for the services of Binance. The advantage of this is that money can be saved on the fees incurred for the services. Like all other good platforms for cryptocurrency trading, Binance also offers the possibility to open a demo account. This makes it possible to test the trading platform before real money is used for crypto trading.
For frequent traders, Binance offers a VIP program where the fees for buying and selling cryptocurrencies are lower than for traders who only trade on the platform once in a while.
Crypto.com is not one of the usual trading platforms, but an app. With the Crypto.com app, which is available free of charge in the App Store and Google Play, more and more users are trading cryptocurrencies.
More than 100 cryptocurrencies are tradable with the Crypto.com app. And that, according to the operators, at the true cost. In addition to the app, there is also a Visa Card credit card, which offers a cashback of 8% according to the operator. In addition, Crypto.com offers the opportunity to earn up to 14% interest on the crypto assets.
