Where to Keep Cryptocurrency?
Trading is a way to earn through buying and selling assets. Cryptocurrencies have become profitable assets for trading due to their high volatility. Big crypto exchanges offer many convenient tools for trading, expanding their functionality for users’ benefit. Before getting into trading, you should:
- Choose a crypto coin
- Pick a platform for trading
- Get the way to store your assets.
How to Select A Coin?
There are over 20 000 digital assets in the crypto market. The best coins for trading are those with a high indicator of trade volume. That means the higher the trade volume, the bigger the liquidity for the asset, so you will not have to wait for too long to find a buyer for your asset in the future.
Large and mid-cap coins are the best choice for trading. Examples are:
Where to Trade Cryptocurrency?
You need to find a reliable place where you will buy and sell cryptocurrency safely. When choosing a crypto exchange, pay attention to these characteristics:
- The way it stores users’ funds
- The fee policy
- How many trading airs are there
- Official registration and licenses
- Trading tools available
- Fiat-crypto pairs
- Customer support.
How to Choose a Wallet?
If you want to buy digital assets and hold them for many months or even years, get an offline wallet, which may be a ledger or any other device. Keep it away from the Internet and connect only when you need to make a transaction.
If you need a versatile wallet through which you will conduct operations and transactions with crypto, pick an online wallet from one of the reputable crypto platforms. For example, WhiteBIT is the safest crypto exchange in Europe with a premier non-custodial wallet. With its two-factor authentication and multi-signature technology protocols, you can rest assured that your funds are safe from harm.
Furthermore, you will have access to a wide range of cryptocurrencies as well as easily track balances and manage transactions within just one secure platform. Users can send and receive cryptocurrencies, view their transaction history, and monitor the current balance of their wallets. The wallet also supports the use of multiple cryptocurrencies, providing users with flexibility in managing their portfolios.
To install the WhiteBIT wallet, first, go to the WhiteBIT website and click on the “Wallet” tab. Next, select the option to create a new wallet or import an existing one. Follow the prompts to create a new wallet, including setting a strong password and securely backing up your wallet’s recovery phrase.
Once you’ve created your wallet, you can access it by logging in to your account on the WhiteBIT website or by using the mobile app. The WhiteBIT wallet is available for both Android and iOS devices and can be downloaded from the respective app stores.
Check it out on the WhiteBIT blog and install the wallet on the exchange’s official website.