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Trading (crypto)
- Crypto trading involves buying and selling digital currencies on online platforms called cryptocurrency exchanges, such as Coinbase or Binance, but also in a decentralized manner using DeFi tools such as DEXTools. Traders use these platforms to execute market or limit orders for specific cryptocurrency pairs like BTC/USD.
- Technical analysis examines historical price data, while fundamental analysis assesses underlying factors like technology and market trends. Leverage allows traders to borrow funds for larger positions, but it also increases risk.
- Cryptocurrency wallets store digital assets, and the market is known for high volatility. Successful trading requires research, strategy, and risk management, as prices can be influenced by factors like market sentiment and regulatory developments.