How to Make Money Trading Cryptocurrency (Bitcoin, Ethereum, Ripple)

Posted by Grace under Investing on October 17, 2017

Make money trading cryptocurrency using simple buying, selling and trading strategy. Let’s make easy money trading cryptocurrency today. Trading cryptocurrency like Bitcoin, Etherium, Ripple and other cryptocurrencies available can be profitable if you know what you’re doing. Many people believe that cryptocurrency trading can be a online lucrative business. In simple sense, you only need to buy cryptocurrency when the prices are low and sell them when the prices increases. Trading cryptocurrency is however difficult to other people because they are not familiar with cryptocurrencies. Compare to forex trading where in if you just trade USD/EU, it is very simple. Also, binary options trading is easy compare to buying and selling cryptocurrencies. Today let us find out how to really make money trading cryptocurrencies.

Question: What are the things required to start trading cryptocurrencies and start making money on the internet?

Advertisement

Answer: You only need mobile device, a laptop, a desktop or a tablet and an internet connection. Also you need to create cryptocurrency exchangers account. Get back to Daily Investing Tips and find out the best bitcoin or etherium exchanger. You also need to create an e-wallet for your cryptocurrencies.

How to Make Money Trading Cryptocurrency (Bitcoin, Ethereum, Ripple,LiteCoin, Zcash, Dash, Monero, etc.)

A. Familiarize the List of Cryptocurrencies

You need to familiarize the name of the cryptocurrencies. The common and popular cryptocurrencies are bitcoin, ethereum, ripple, zcash, dash, monero and litecoin. Other cryptocurrencies are as follows;

Here are the other names of the cryptocurrencies available; Qtun (QTUM), EOS (EOS), Stratis (STRAT), NEM (XEM), Augur (REP), Monaco (MCO), Ox (ZRX), TenX (PAY), Waves (Waves), BitShares (BTS), NXT (NXT), AdEx (ADX), Legends Room (LGD), MadeSafeCoin (MAID), Stellar (STR), Factom (FCT), Vertcoin (VTC), Steem (STEEM), Decred (DCR), PIVX (PIVX), DodgeCoin (Dodge), Siacoin (SC), ByeteCoin (BCN), Status (SNT), Civic (CVC) DigiByte (DGB), CannabisCoin (CANN), Golem (GNT), Basic Attention Token (BAT), Peercoin (PPC), GameCredits (GAME).

Iconomi (ICN), BTA (BTA), Bancor (BNT) Timecoin (TMC), Ark (ARK), CRB (CRB), Santiment Network Token (SAN), Gnosis (GNO), Stellar Lumens (XLM), DigitalNote (XDN), ICO (ICO), Decent (DCT), Wings (WINGS), EuropeCoin (ERC), Ubiq (UBQ), Clams (CLAM).

If you want to make money trading cryptocurrency, you don’t have to trade all these cryptocurrencies, there are hundreds of cryptocurrencies available in the market. Here are the other names of cryptocurrencies;

Zcoin (XZC), Patientory (PTOY), PrimeCoin (XPM), Verge (XVG), HLB (HLB), Edgeless (EDG), LBRY Credits (LBC), SysCoin (SYS), SuperCoin (SPR), FunFair (FUN), Emercoin (EMC), Ardor (ARDR), Metal (MTL), Storjcoins (Storj), XVC (XVC), IOP (IOP)

Byteball (GBYTE), DopeCoin (Dope), Trig (TRIG), Mysterium (MYST), Aragon (ANT), BlackCoin (BLK), NeosCoin (NEOS), Komodo (KMD), Stox (STX), DarkCoin (DRK), Qwark (QWARK), ViaCoin (VIA), SingularDTV (SNGLS), Counterparty (XCP), Numeraire (NMR), neoDICE (DICE), Blocknet Shares (BLOCK), XTZ (XTZ), BitBay (BAY), MCAP (MCAP), TokenCard (TKN), PotCoin(POT) 1 see references

Image Credit and Resource: https://cryptocoincharts.info/coins/info

B. Convert Local Currency Into Cryptocurrency 

The next thing to do if you want to make money trading cryptocurrency is to convert your local currency to cryptocurrency by creating an exchanger account. Example in my case since I am from the Philippines, I am using Coins.Ph. I will fund coins.ph using my bank account or remittances and convert those funds into bitcoin. In USA, you can use coinbase.

Example, if you are from Australia, here is the BTC exchange rate (BTC stands for bitcoin). 1 BTC in AUD (2)

C. Use Trading Platform or Just Buy, Sell, Convert Cryptocurrencies

If you want to make money trading cryptocurrency, you can use trading platform offered by brokers. You can trade binary options (not recommended) and choose cryptocurrencies as your options. Other forex trading broker has offer cryptocurrencies fund trading.

Other options is to just fund your ewallet (in my case coins.ph) and convert your local currency into bitcoin (BTC). You can make money trading cryptocurrency (especially in BitCoin (BTC)), by buying BTC at low price and sell them at a high price. Convert your local currency (USD, Euro, AUD, etc) when the BTC are at low prices and convert them again when the BTC price increases.

Image Credit and References:

  • 1 https://cryptocoincharts.info/coins/info
  • 2 1 BTC in AUD Exchange Rate via Google

If you want to receive tips and useful guides on how to make money trading cryptocurrency, always visit Daily Investing Tips (InvestmentTotal.com) – let’s make money together online!

To see latest updates, like us on Facebook

Updates: To see the latest post related to this topic, kindly enter your valid email address & get InvestmentTotal.com subscription for free. Follow us on Facebook, Twitter and Google Plus


SELECT AN ARTICLE TO READ NEXT BELOW:

Tags: , , , , , , , , , , , , ,

Home » How to Make Money Trading Cryptocurrency (Bitcoin, Ethereum, Ripple)


Leave a comment:

Your email address will not be published. Required fields are marked *

↑ Back to Top