Creating a cryptocurrency exchange platform takes time and effort, with more and more coins flying into the market every day you need to ensure that you can sort them like a hungry bear going for the big salmon in the stream. The trading exchange platform itself is not your usual buy and sell marketplace, think when you go on holiday or even just to the airport you never want to be the person who exchanges money just before you get on the plane and if you are, stop doing that! They have the worst rates and are hunting for people like you, to avoid those uncomfortable situations you first need to sit back and watch the market, sit at home and look at what your options are before getting on the flight and feeling ripped off.
First steps that are very important to understand are the basics of what any of it means e.g. Crypto asset, account, wallet (in crypto terms as this could be an app, online, hardware), novaexchange.com, that’s a site, with information on trading and other portions of the Crypto world, helps with this answering almost all of those questions on its getting started page.
Then they have a market ticker for you to look at and calmly see what kind of trades you can make on your journey to being a Crypto frequent flyer.
Still don’t make that trade yet as there are different types again of trading platforms, there are the direct trades that are person to person where the rates are set by the interested parties(this is part of the ethos of Crypto’s so can be good here but again get your information first, make sure you compare before you dare), places like Binance, novaexchange.com and Cryptology offer trading important here is that they mostly deal in Bid or buy orders which are orders that are only completed when another buyer agrees to the trade. This means that you need to ensure you are buying a legitimate coin and also keep the mindset that just because you demand a price doesn’t mean you will get it.
They’ve got a real feverish market feel to them, the classic holding your ticket in the air looking for that whale of trade, the one that will net you a new basketball signed by Edgaras Ulanovas, look him up as he’s on his way there.
With all of this excitement it can never be stressed enough how important it is to research the coin you are buying, you don’t want a Bid to go up and the coin to bust because you thought at the time ‘Pizzasatercash’ appeared like a slice to go with. Utilize the sites and their information, be a smart trader with guts rather than a foolish one with butterflied pockets.