The Advantages of Crypto Trading with AximTrade

The quote ‘It is never too late!’ is now a well-suited phrase for people reconsidering their investment in cryptocurrencies. Due to cryptocurrency hype that is sweeping the globe, blockchain-based cryptocurrencies like Bitcoin, Ethereum and Binance are attracting more and more attention and have become too big to overlook. Learn how crypto trading with AximTrade gives you an edge with the ability to trade on 35+ cryptocurrencies on a powerful yet user-friendly platform.

What is Crypto Trading？

Crypto trading is simply the act of speculating on future cryptocurrency price movements via a trading account or buying and selling different virtual coins and exchanging one for another in hopes of making a profit. Though cryptocurrencies stepped into the world of investment several years ago, the crypto trading market gained its momentum in 2017 among both new and experienced investors alike and is now a leading investment destination with growing investment appeal every day. 

Getting started with crypto trading involves signing up for a crypto trading platform, purchasing digital assets with your currency, and trading them for one another. In order to be successful in crypto trading, you should always choose the right platform and make sure you have the right tools for the trade.

What is a Crypto Trading Pair？

Crypto trading pairs are basically two currencies which exchanges allow users to trade for each other. Every crypto trading pair has a base currency and a quote currency. The base currency is quoted in relation to the quote currency.

For example, in the BTC/USD pair, the first currency is the base currency, so the price of BTC will be in USD (e.g., 1BTC is $40k).

Whenever people want to buy the base currency, they place an “ask” order and set the price they are willing to pay for it. While those who wish to sell the base currency place a “bid” order and specify the asking price subsequently. 

AximTrade offers a wide array of trading pairs to allow crypto traders to maximize their trading possibilities.

The 36 crypto trading pairs offered by AximTrade are as follows.

As many investment opportunities involving various cryptocurrencies are available in AximTrade, being exposed to a wide variety of crypto trading pairs will be an added advantage for you. Consequently, you can take a look at alternative choices and compare the profits from several cryptocurrencies and choose the best crypto pair that will bring you the most profit.

What are the Benefits of Crypto Trading？

The concept of crypto-trading has largely gained popularity over the past few years thanks to its many advantages. Market capitalization and valuations have been heavily influenced by speculation about the future potential of this new trading practice. Below are some of the benefits of cryptocurrency trading, along with the reasons it has become increasingly popular.

1. Availability of Wide Selection

Coincident with the progress of the cryptocurrency market, the possibilities for profit-making have also become more widespread in crypto trading. Traders can speculate on whether the price of a crypto asset will rise or fall and make money when it goes their way. The Cryptocurrency trading market offers a huge amount of choices for investors. While Bitcoin and Ethereum are among the top coins, the market has hundreds of other cryptocurrencies which are generating a high trading volume.

However, it is important to know the difference between owning the asset and trading the currency pairs. Trading crypto can be achieved through CFDs, spread betting, scalping, position trading, range trading, swing trading, and intraday trading. 

2. The volatility of the Crypto Market

The volatility of the crypto market is one of the main reasons why both retail and institutional investors are interested in them. A great example of this is Bitcoin, which has grown 170% in a year, from being worth $9,000 to around $20,000. Furthermore, the price rose exponentially in 2021, and at one point it reached over $40,000, and at another point, it reached over $60,000 in just a few months.  

Crypto markets are also volatile because they are still in development, so various events can affect their position. Rapid intraday price fluctuations can offer traders a range of potential opportunities, but they may also be associated with higher risk. You should do your homework before exploring the cryptocurrency market and devise a risk management strategy if you decide to do so.

3. The Ability to Trade 24/7

As opposed to forex, stocks, and commodities, which are traded 24/5, the cryptocurrency market is usually open 24/7 since there is no centralized governance of the market. The market is, however, sometimes closed for infrastructural upgrades, which happens very rarely. Crypto trading is a tremendous opportunity, especially for part-time traders with full-time jobs, as it allows them to trade in their spare time.

4. Improved liquidity of the Crypto Market

Cryptocurrency liquidity refers to how easily and quickly a cryptocurrency can be converted into cash, without impacting the market price. Liquidity is important since it results in better pricing, faster transaction times, and more accurate technical analysis. As a result, you can easily minimize risk and generate profits quickly. In contrast, trading in the illiquid market places traders in situations that are hard to exit.

5. Possibility of going Long or Short

By buying a cryptocurrency, you are purchasing the asset upfront with the hope that its value will increase. However, if you trade cryptocurrency, you can profit from markets that are falling in value and those that are rising. We call this going short. 

Going long means you purchase a value at a certain price and sell it at a higher rate as its value increases. Profit is the difference between the cost of your purchase and the cost of selling it. Going short means borrowing the crypto and selling it on the open market first, then buying back those units at a lower price. The difference between the two prices is what you profit from. Trading cryptocurrency gives you the opportunity to do both.

6. Ability to trade with Leverage

Leverage is the use of a deposit, also called margin, that allows you to increase your exposure to a particular asset. To put it simply, you only deposit a fraction of the trade value and your broker loans you the remainder. 

CFD trading and spread betting are leveraged products in cryptocurrency. You can, therefore, open a position on ‘margin’ – that is, a deposit that is only a percentage of the trades value. With a small amount of capital, you could gain great exposure to the crypto market. However, leveraged trading can also magnify any losses, including losses that may exceed your initial deposit. Make sure you have a comprehensive risk management strategy in place, including the appropriate stops and limits.

7. It is easy to Open a Trading Account

Purchasing a cryptocurrency requires you to use an exchange, which requires you to create an exchange account and store the cryptocurrency in your digital wallet. This can be a complicated and time-consuming process. 

But when it comes to cryptocurrency trading with AximTrade, our simple online application process and instant online verification will enable you to create a trading account in less than five minutes.

In contrast to traditional methods, cryptocurrency trading methods operate differently, and as a result, they require careful consideration. The cryptocurrency market is considered volatile and often defies the logic of traditional trading. So, it is advisable to conduct extensive research before trading cryptocurrency and develop a risk management plan that is in line with your trading goals.

Benefits of Trading Cryptocurrency with AximTrade

AximTrade is a globally competitive forex broker that guarantees premium services and has won the trust and satisfaction of more than 300,000 clients worldwide. The highest level of client financial security, fast & convenient payment options, and 24/7 customer service in local languages are some of the ways AximTrade exceeds the expectations of its clients. 

• Wide variety of cryptocurrencies: At AximTrade, we offer crypto traders of all levels a comprehensive crypto trading experience by providing them with access to trade 36 cryptocurrencies ranging from Bitcoin, Ethereum, Binance Coin, Dogecoin and nearly every other top cryptocurrency. 

• Top Payments Tokens: With AximTrade, crypto traders and advocates can now make deposits and withdrawals with Cryptocurrencies like USDT(TRC20), USDT(ERC20), and BEP-20 in a matter of seconds from any part of the world. AximTrade takes 0% commissions for cryptocurrency withdrawals. 

• The Lowest Spread and Margin for Crypto Trading: The spread and margin requirements for crypto trading with AximTrade are among the lowest. Traders are also given access to a wide range of tools and trading instruments in order to execute their trades with an informed perspective. As a result, you will be able to generate impressive earnings and reduce the risks associated with the volatile nature of cryptocurrencies. 

• Secured Trading Accounts: At AximTrade, every traders money is transferred into a segregated client bank account in accordance with the Financial Services Commission client money rules. AximTrade ensures that all your investments are protected and that your funds are never used for operational activities, nor are they connected to any hedging counterparties.

• All-In-One Trading Solution: Offering a highly advanced MT4 execution and Copytrade platform, the company has achieved regional and global recognition for its competitive trading conditions, low spreads, minimum balances, reduced financial commitment, diverse account types, and lucrative bonuses. Check out the AximTrade review to get an idea about the brokers reputation in the financial market. 

• Reliable Support: The technical indicators offered by AximTrade are intended to help you get a better grasp of market trends and trading signals more easily with sophisticated mathematical calculations. Additionally, you will also have access to free educational materials, market news, weekly analysis and expert articles.   

AximTrade is the ideal choice for crypto traders and investors seeking the best conditions to access the market and start trading with a minimal capital amount. Transparency and integrity are at the core of AximTrades quality standards, making it one of the best platforms for worldwide traders.

Hopefully, you have learned a lot and have become more informed about crypto trading. Its time to convert your knowledge into profits. Open a forex account in a few simple steps and start trading cryptocurrency easily through AximTrade accounts.