In this guide, let’s talk about how to trade cryptocurrency.
At first, this guide is very long so I will separate it and direct the details to another detailed post.

What are Blockchain and CryptoCurrency?
What is Blockchain?

What is Bitcoin or CryptoCurrency?

How to Buy Cryptocurrency?

Protecting your Cryptocurrency
In order to protect your cryptocurrency, you must have a wallet. The wallet saves your private key and public address which helps you store, send, and receive cryptocurrencies. Even though this should be very clear to you, let’s a do a quick run-through of what private key and public address mean:
  • Private Key: The private key gives you the right to access and send your money. DO NOT give out to anyone
  • Public Key: This is the address where everyone will send you money. Give out to everyone
Hot Storage
The hot wallet is like the wallet you carry around in your pocket. It gives you easy access to your cash but, it is pretty vulnerable.

A wallet that is connected to the internet is termed as “hot storage.” 

The following are examples of hot wallets:
  • Exchange wallets
  • Desktop and mobile wallets
  • Multi-Signature wallets
Cold Storage
While hot wallets give you great accessibility, the fact remains that they are extremely unsafe. That’s why, it is more prudent to save the majority of your funds in a cold storage wallet. A cold wallet is completely cut off from the internet, which automatically keeps it safe from hackers and viruses.

Examples of cold storage wallets include:
  • Hardware wallet.
  • Paper wallet.
How to Trade Cryptocurrency?
Recommend Spot Exchanges (Without Leverages)
Recommend Margin Exchanges (With Leverages)
How to Deposit/Withdraw Funds

How to Learn Technical Analysis?
Cryptocurrency Charts
Candlestick Charts

Useful Tools
Trading Bots
If you’ve already got a strategy that works, then a cryptocurrency trading robot may be worth considering. Once you’ve programmed your strategy, the bot will get to work, automatically executing trades when the pre-determined criteria are met. There are two benefits to this.

Firstly, it will save you serious time. You won’t have to stare at charts all day, looking for opportunities. Trade execution speeds should also be enhanced as no manual inputting will be needed.

Secondly, automated software allows you to trade across multiple currencies and assets at a time. That means greater potential profit and all without you having to do any heavy lifting.

Statistical Websites
News Websites

Rules & Taxes
The digital market is relatively new, so countries and governments are scrambling to bring in cryptocurrency taxes and rules to regulate these new currencies. If you’re not aware of these before you start trading, you may find yourself in a spot of expensive bother further down the line.

Many governments are unsure of what to class cryptocurrencies as, currency or property. The U.S in 2014 introduced cryptocurrency trading rules that mean digital currencies will fall under the umbrella of property. Traders will then be classed as investors and will have to conform to complex reporting requirements. Details of which can be found by heading to the IRS notice 2014-21.

On top of the possibility of complicated reporting procedures, new regulations can also impact your tax obligations. The U.S, the ‘property’ ruling means your earnings will now be deemed as capital gains tax (15%), instead of normal income tax (up to 25%). Each countries cryptocurrency tax requirements are different, and many will change as they adapt to the evolving market. Before you start trading, do your homework and find out what type of tax you’ll pay and how much.