Is Crypto Trading Easy?
Admin
Sep 27, 2021
If you’re looking to get into trading cryptocurrencies, you’ve come to the right place. There are many opportunities for beginners to get in on the action and start earning. With that in mind, we’ve put together a list of things that you should know before you make a move into this ‘new’ world. We hope this blog post helps you get started.
Start your crypto trading journey
When you’re looking to start trading crypto, you may be overwhelmed by the different options available. Some platforms have very low fees, others have a ton of educational resources, and some offer free trading…the list goes on. If you’re looking for a platform that will give you the best of all worlds, check out MEX Digital. We provide:
A simple, step-by-step signup process: It’s easy to sign up with MEX Digital. Our verification process is easy to complete.
Easy to understand learning resources: Our blog is regularly updated. We include important resources, crypto trading tips, and easily understood content.
Low fees: When you begin crypto trading, and as you continue throughout your journey, you’ll be keeping a close eye on your capital, your crypto investments, and the fees you’ll pay for trading. MEX Digital offers you low fees for all transactions.
24/7 support channels: Our support services are available to you 24 hours a day. Our experienced, excellent team of support agents can help you with every aspect of using MEX Digital’s platforms.
Confidence: MEX Digital Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC) in Australia. MEX Digital offers spot digital assets trading through its Australian division registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). MultiBank FX International, which facilitates our leverage trading, is licensed by the Financial Services Commission (FSC) of the British Virgin Islands (BVI). That means you can trade with confidence, as our regulatory adherence and strict security controls keeps your capital safe and your trades well regulated in accordance with applicable legislation.
Do your own research
As you start out in crypto trading, there’s nothing more important than learning as much as you can, before you place your first trade, your second trade, and every trade thereafter. Understanding the trades, trading pairs, trading charts, and other important resources, is fundamentally important for you as a crypto trader. There are many scams and charlatan opportunists out there, so don’t simply trust what you read or hear from a friend. Always abide by the golden rule: Trust, but verify. If you come across a piece of information related to crypto trading, check:
The source: That may look like a legitimate website, but is it? Check out where the website is based, how many advertisements it serves you, and whether or not it uses a clickbait style of writing.
The author: Do a quick online search of the author name. If they’re well known and reputed in the crypto world, you could probably trust their content. That said, don’t be shy to investigate their work thoroughly.
The credibility: If an author or business has been involved in punting get rich quick schemes or other types of odd businesses, you should close that tab. As you grow your skills in crypto trading, you’ll find it easier to “sniff out” misinformation and scams.
The relevance: Is the information being presented to you relevant to your crypto trading journey? Are you confident that the information you read is important and will grow your knowledge in crypto trading?
Crypto trading is an exciting field that is set to grow even more in the coming years.
We’re here to assist you at MEX Digital, and if you require any further info, visit our FAQ section, or browse our blog. Alternatively send us an inquiry through our Contact Us form.
Remember to keep that in mind; the same rules for trading traditional stocks that many of our MultiBank customers have employed also apply to cryptocurrency.
Remember, proper diligence and sound judgement should be used in evaluating the risks associated with these activities. Trading cryptocurrency carries significant risk and losses can exceed deposits. Refer to our Terms and Conditions and disclosure material.
