Cryptocurrency. You’ve seen it on the news, trending on twitter and your friends are all talking about it. You’ve done some reading, checked out some blogs and read reviews, yet you’re still not sure how to take the first step into Cryptocurrency investing. For those looking to dip their toes in the water before making a full-blown investment; trading Cryptocurrency can be a smart alternative.
Here are some of the reasons you should consider it.
Volatility can be Great!
Like any investment, there’s always a level of risk when investing in Cryptocurrency. Since it’s a new market there have been spikes and dips as people try to get their heads around this new phenomenon. Bitcoin (BTC) is a perfect example of a Crypto that experienced tremendous highs, followed by devastating falls. This is expected given Cryptocurrency and platforms alike are relatively new and attracting interest from all around the globe.
While the volatility has its risk, the team at Cryptosouk.io see this as an opportunity. Traders on our platform can take advantage of this volatility by going long and short to make a quick digital buck. Before trading it’s always best to do prior research and ensure you have a risk management strategy set up.
24hr Open Market!
During your lunch break, just before bed or even as you get up for a glass of water at 3am. The Cryptosouk exchange is available for you to trade 24 hours a day. How? Simply put, there is no centralised governance of the market, meaning that as a trader you have the freedom to partake when it suits you. On the Cryptosouk platform all your transactions are between you and other traders across the globe, that’s it. No restrictions, just the freedom to trade as you see fit. Try it for yourself!
Liquidity in the context of Cryptocurrency refers to how quickly certain Cryptos can be converted into cash, without having a direct impact on the market price. This is crucial in the Crypto world as it means faster transactions for traders and improved accuracy for analysis. The Cryptocurrency market is liquid in nature as trading transactions take place across different platforms. The result is that even small trades can significantly impact market prices. The team at Cryptosouk counter this by sourcing prices from multiple locations, making it more likely your trades are processed at a better price.
When you purchase Crypto you obviously want the value to increase long term. However, when it comes to trading, you’re able to make the most of short term falling and rising market rates. In the finance world this is referred to as going short. It can be controversial as you’re essentially betting on the market to fall which can impact a lot of people. However, it is still a well-accepted trading method that users on the Cryptosouk platform can pursue.
There are tax advantages to be made by trading Cryptocurrency through spread betting. Spread betting is a derivative strategy where you select the bid price if you feel confident that the value of a certain Crypto will rise. Alternatively, you can go for the ask price if you feel it will fall. The main benefit of this strategy is that it is tax free! Seeing as you never actually own the asset you are exempt from paying any capital gains tax.
The other benefit of spread betting is that it is a leveraged product. This means that as a trader, you’re able to open a position on ‘margin’. Think of a margin as a very small deposit on the trade that is worth a fraction of the full value. This enables you to get exposure to the Crypto market with only using small amounts of your assets. Any profit or loss you make from your trading will reflect the full value of the position the market closes at. In this regards you have the potential to make significant profits from very small investments. The flip side is you are also exposed to heavy losses if things turn sour. As mentioned earlier, this is why the team at Cryptosouk always recommend a risk management strategy with the right stops and limits included.
Quick Account Opening!
One of the most frustrating aspects of Crypto trading can be the delay in verification and long login process when signing up for a Crypto exchange platform. When trading on Cryptosouk these issues are a thing of the past. We make it easy by providing a secure and quick way to verify your identity and log you into the platform that is efficient and easy. This ensures you can start trading faster to take advantage of any market movements.
When considering whether to buy or trade Crypto, it’s crucial that you consider both sides of the digital coin. Do your research, plan and always ensure you have a risk management strategy in place. If you are ready to try your hand at Crypto trading, the team at Cryptosouk are here to help you trade with no trade-offs and build your digital wallet.
The information contained within this website and resource section is not intended to be a substitute for financial advice or promotional offer on the investment or purchase of cryptocurrencies, digital tokens or related assets. Although care has been taken in preparing the information provided to you on this site and in the resource section, we are not held responsible for any errors or omissions and accept no liability whatsoever for any damage or loss you may incur through the result of your own actions and decisions when deciding to purchase or invest in cryptocurrencies or related digital assets. You should never engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. We recommend you always seek financial/or legal advice counsel relating to your investment and purchase circumstances. This material has been prepared for informational use only.