Bitcoin Up

How do I make money on cryptocurrency exchanges by trading in bitcoinup.eu? This strategy, unlike others, requires a balanced and carefully calibrated approach. Risks exist, as they do with any exchange trade, but following a clearly outlined plan will minimize them.

The first step for a trader is to choose a currency pair to trade with. There are two variations of currency pairs on a cryptocurrency exchange: cryptopairs with two digital coins, such as bitcoin and ether (BTC/ETH) or litecoin-ripple (LTC/XRP), and cryptocurrency - fiat currency pairs: bitcoin-dollar (BTC/$) or ether-euro (ETH/€).

One must remember that, unlike even a classical exchange, the volatility of digital pairs on the cryptocurrency exchange is very high. This is good for an experienced trader who uses volatility as a reason to make extra profit. But beginners are advised to use mixed pairs, where cryptocurrency is traded for fiat money. The volatility in fiat is much lower and so are the risks.

Tracking asset movements requires a solid theoretical background, so, apart from monitoring economic news, you will have to read the basic business literature and, when trading, analyze market signals and note your successes and failures in tactical actions. Without such discipline, it is impossible to find your own answer to the question of how to make money on the cryptocurrency exchange.

Let's talk about the advantages and disadvantages of the trading strategy: how to earn on cryptocurrencies, just reselling different currency pairs. The number of currency pairs is large enough, there is a lot to choose from and on which to earn.

The earnings at the cryptocurrency exchange can reach more than 100% every month, which is a lot compared to the usual exchange, where the yield on stocks rarely reaches 100% a year. But at the same time, such returns are only possible due to the volatility of digital currencies. And the risks of trading cryptocurrencies from this factor only increase.