The cryptocurrency market has been growing at an astonishing rate, and it’s no surprise. With a total crypto market cap just shy of USD 200 billion, there is plenty to invest in. Here are a few things you need to have to trade cryptocurrency:
- A Wallet
A wallet is a digital place to store your cryptocurrency. Many people are new to the market to go with a service like Coinbase as they seem easy enough to use and less risky than setting up your wallets. Additionally, the bitcoin to sgd converter is a popular choice for buying Bitcoin.
- A Trading Platform
A trading platform is where you buy and sell your crypto. A good example of this would be Bitfinex.
When choosing a trading platform, it’s important to do your research as not all platforms are created equal. Also, make sure the one you choose has good customer service, low fees, and a wide variety of coins available for trade.
- A Payment Method
To buy crypto, you’ll need a payment method. The most common methods are debit or credit cards, bank transfers, and PayPal.
- An Exchange
It’s important to have an exchange as well. An exchange is where you can buy and sell crypto to turn a profit or trade for fun if that’s your thing.