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When you trade cryptocurrencies with CEX IO, rest assured that you would have the ability to speculate if the value of your chosen market would rise or fall without owning the digital asset. It would be possible by making the most of derivative products.
The benefits of cryptocurrency trading would be inclusive of the following.
Cryptocurrency volatility
Although the cryptocurrency market has been relatively new, you would experience significant volatility because of a huge number of short-term speculative interests. It would not be wrong to suggest that the other available cryptocurrencies have been relatively more stable. However, the latest technologies would often allure speculative interest.
The volatility of cryptocurrencies has been an integral aspect of what makes the market relatively exciting. Quick intraday price movements could provide numerous opportunities for traders to go short and long. It also comes with enhanced risk. Therefore, if you contemplate exploring the cryptocurrency market, ensure that you have done your research and developed a specific risk management strategy.
Round the clock market hours
The volatile cryptocurrency market has been made available for trading round the clock, as there has been no centralized governance of the market. Rest assured that cryptocurrency transactions would take place directly between two people on cryptocurrency exchanges worldwide. However, there might be downtime when the market has been adjusting to various infrastructural updates.
Quick account opening
When you purchase cryptocurrencies, you would be required to purchase and sell through an exchange. It would require you to create an exchange account and store the cryptocurrency in your digital wallet. The process would be time-consuming and highly restrictive.
Before deciding on purchasing or trading cryptocurrencies, it would be imperative to consider the essential differences between the two methods in detail. You should gather adequate information before purchasing or trading cryptocurrencies for a better trading or purchasing experience.
Great support section
If you were having trouble understanding how to do anything on CEX.IO, there would be a page in the support section explaining it in a lot of detail. If you were not having trouble, the platform offers a user-friendly email support form.
Different trading pairs
The exchange offers different trading pairs along with several fiat currencies to choose from. It implies that you could purchase and sell different cryptos with your chosen currency. There has been no need to go back to Bitcoin first. It would be pertinent to mention here that fewer trades imply lower fees.
Easy to navigate and use
The exchange would be relatively easy to navigate and use. The advanced trading windows have been clean and free of clutter. It would make browsing the CEX IO website great and pleasurable for beginners.
Marginal trade options
It would entail trade using borrowed money. It has been a relatively risky affair of trading. Therefore, it would not be recommended for beginners.
Secure and registered
The exchange has been secure and registered. The company should have a level two DSS certificate.
If you were wondering about the coins you purchase on CEX IO, rest assured you could come across a few different digital assets to purchase Bitcoin or fiat currency.
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