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Cryptocurrency trading education for beginners

How to teach cryptocurrency trading for beginners? This cryptocurrency trading tutorial for beginners includes “What is digital currency” and “How can I trade cryptocurrency?” Cryptocurrency and trading experts know exactly how to explain cryptocurrency trading in a way that any newbie can understand.

Definition of cryptocurrency
Teaching cryptocurrency trading for beginners The first thing that should be clear before teaching cryptocurrency trading for beginners is to know the meaning of cryptocurrency. The word cryptocurrency is a combination of two words – “crypto”, which is short for “cryptography” and “Currency”.

The encryption part is due to the fact that the cryptocurrency and currency trading, which protects it from being hacked, stolen or tampered with. Different banks, governments and institutions have named cryptocurrency in different ways, such as digital currency, e-currency, or virtual money in terms of cryptocurrency trading education for beginners.

These names are largely based on how cryptocurrency works on the Internet and do not actually exist in the sense that fiat currency (state-issued money) does exist. Other terms in cryptocurrency trading education for beginners that people use to refer to digital currency include “cryptocurrency,” “token,” and “currency.”

Cryptocurrency trading education for beginners
Cryptocurrency trading education for beginners Almost all cryptocurrencies use the so-called “blockchain”. Blockchain was another devised by Nakamoto, which in some ways has outperformed cryptocurrency in mass adoption. All beginners should know the basics of blockchain.

It can be used by a wide range of industries from logistics to finance and law to hospital records. Blockchain is as easy to understand as forex trading. In short, the information is put into a block and encrypted.

This information inside the block then needs to be decrypted by someone and only then will the block join a series of other blocks. In the case of cryptocurrency, this “information” would be transactions.

Most cryptocurrencies that use blockchain technology also have a publicly distributed ledger where all transactions are stored and anyone can view them. But not all cryptocurrencies work the same way. One of the biggest differences between Proof of Work (PoW) or Proof of Stake (PoS).

Best bitcoin trading platforms
In the following lines, we will mention the best Bitcoin trading platforms:

Capital.com — the largest provider of cryptocurrency CFDs
Capital.com offers hundreds of different cryptocurrencies for trading. The full range is absolutely stunning for a licensed CFD broker logo. If that is not enough, you can also enter other markets such as stocks, indices, forex and commodities, thus you can also trade stocks related to cryptocurrency, for example.

A great advantage of Capital.com is that you can trade 100% without commission and at very competitive spreads. Plus, there are no deposit or withdrawal fees!

Capital.com is regulated by the Financial Conduct Authority and the Cyprus Securities and Exchange Commission. However, since the Financial Conduct Authority has banned the trading of crypto CFDs for retail traders, you will not be able to access cryptocurrencies with this broker – unless you are rated as a professional.

The platform of this web-based broker is excellent and easy to use, and you can open an account in just a few minutes. Also, the minimum deposit to open an account is only $20!

Alvexo – Trade Bitcoin with a Safe and Trusted Broker
Founded in 2014, Alvexo is a trading company for the stock market and cryptocurrency. The online broker serves all types of clients (beginners and experts), and already has more than 960,000 users.

Alvexo is operated by VPR Safe Financial Group Limited. It is a Cypriot Investment Firm (CIF) regulated by the Cyprus Securities and Exchange Commission (CySEC).

Although their catalog of financial assets is not as comprehensive as most other online brokers. However, Alvexo above all wants to focus on quality over quantity. Therefore, it provides an index of more than 400 financial assets in all the financial markets available on the exchange.

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