global.gerbangindonesia.org – Here’s How to Start Crypto Trading for Beginners
Cryptocurrency or crypto assets is one of the most popular investment options. Even according to the Deputy Minister of Trade, throughout 2020 alone, the transaction value of cryptocurrencies could reach IDR 65 trillion. Meanwhile, its registered customers are around 3 million.
Then in 2021 the transaction value will reach 859 trillion and registered customers during 2021 will reach 11.8 million. Although it continues to grow, there are still many people who still don’t understand how to start trading crypto.
Cryptocurrency or crypto asset is a digital asset that uses an online ledger with strong cryptography to secure online transactions.
Meanwhile, as reported by the official Zipmex website, crypto trading is a transaction activity using crypto assets. Such as exchanging crypto assets with other crypto assets, selling or buying crypto assets with the aim of making a profit.
To be able to trade crypto assets, you need to create an account on an exchange platform and store some crypto assets in a crypto wallet. So how do you start trading crypto for beginners? Reporting from Benzinga, Wednesday (16/3/2022), here’s how to start trading crypto:
1. Register an account on a crypto exchange platform
The first thing you need to do as a crypto beginner is to create an account through a crypto exchange platform that has been registered with the Commodity Futures Trading Regulatory Agency (CoFTRA). There are currently around 11 crypto exchanges registered with CoFTRA that you can use to start trading crypto.
2. Do KYC
After registering on one of the crypto exchange platforms, generally new users must verify in the form of Know Your Customer or KYC and fill in some personal data.
3. Determine the Crypto Assets You Want to Purchase
After the account is ready and registered, the next way the user needs to choose what crypto asset to buy and want to trade, for example, such as Bitcoin, Ethereum, USDT, and others.
4. Make a Deposit
Next, you can make a deposit in the account or crypto exchange platform used. The thing to understand is that the deposit method for each exchange platform is not always the same, so you can adjust the method based on the platform used.
Buy Crypto Assets
5. Buy Crypto Assets
After a successful deposit, you can then buy crypto assets that have been determined from the start. How to buy it also depends on the exchange platform you use to trade crypto.
6. Sell Crypto Assets
Of course in trading activities, apart from buying a crypto asset, you also need to sell a Crypto asset. So when you want to sell a crypto asset, you need to follow the sales procedure according to the exchange platform used.
That’s how to start trading crypto for beginners. The thing to understand is that crypto investing is an investment that has a high risk. Therefore, make sure the risk profile matches the particular investment asset.
Especially for beginners, avoid the Fear of Missing Out (FOMO), don’t invest in crypto just to join in without understanding the risks of crypto investing. It is better to understand first about the crypto industry before starting to invest.