Make money trading bitcoin

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Is Blockchain Technology A Flash In The Pan? People have made large amounts of money trading cryptocurrencies and continue to do so. This doesn’t mean cryptocurrencies trading is easy and effortless. There is a chance you will end up losing money, you might end up losing all of it, but with the right strategies you can certainly minimize risk and end up with nice profits.

If you have some money lying around, you too can get started in no time with as little as you like. It’s never too late to start cryptocurrencies trading. You need to be strategic, patient, able to research and analyze market trends. In order to start trading cryptocurrencies, you will first need to buy some bitcoins. In the US, exchanges like Coinbase, Bitstamp and Kraken are go-to for most people. You can check exchanges in your country here. If there is no bitcoin exchange in your country, you could always use localbitcoins.

Localbitcoins is an escrow service which helps to match buyers and sellers. You can either pay the seller by cash or bank transfer. Most of the sellers advertise whichever payment method they prefer. For instance, 100k Satoshis is equal to 0. Now that you have some bitcoin, it’s time to transfer them to a trading exchange. There are many exchanges, but the most popular and reliable ones are Bittrex and Poloniex. There other cryptocurrencies you should look into like for instance, Ethereum.