Trade-Cryptocurrencies-on-Exness-with-no-swap-charges.-Completely-swap-free-trading-condition. Trade-Cryptocurrencies-on-Exness-with-no-swap-charges.-Completely-swap-free-trading-condition.

Those who bought BTC in the summer of 2017 were rewarded handsomely for their investment. Those lucky few may have jumped back into the cryptocurrency space, but what about those who missed the boat last time? Where is the easiest and safest way to trade cryptocurrency price action in 2022?

Go to EXNESS’s Official Website

Invest in Cryptocurrencies with Crypto exchanges

There are now dozens of new and well-established cryptocurrency exchanges offering trading opportunities. While many exchanges only accept Bitcoin as an entry currency, a few have managed to gain credit card options. There are hundreds of coins on the cryptocurrency list, with more initial coin offerings (ICOs) being added every month. Most of them are junk with little or no liquidity (buy/sell movement), but a few coins have surged to the top and remain popular among traders.

Another negative concern that every exchange worries about is the breach of online security. The exchange stores coins directly on its servers and provide alphanumeric codes for transferring cryptocurrencies from one place to another. The problem is that traders’ funds are only protected by the exchange’s server security, and there has been a lot of controversy over the exchange’s inability to protect client funds over the past four years.

Alternatively, traders can transfer coins from the exchange to a digital wallet or cold storage wallet, which securely stores offline passwords on a USB stick or memory card. This provides an extra layer of protection, but it’s a complex process that takes time and requires some technical proficiency on your part. Is there a better way?

Invest in Cryptos with EXNESS

Invest in Cryptocurrencies with Brokers

Most of the top brokers offer cryptocurrency CFD trading on the most popular coins. There are many benefits to trading cryptocurrencies with a broker.

Safety

First, your funds are not kept on the broker’s servers. They are guaranteed by the bank, and at least under the supervision of Exness, the trading accounts are monitored for unusual activity. With Exness, all withdrawals will go directly to the same bank account you used to deposit funds, so there is no risk of being woken up by a drained account within a day. The same is true for the many available payment systems accepted by Exness.

Tools

Another advantage of using a broker is Trailing Stop – a standard feature on the MT4/MT5 trading platform. A trailing stop automatically closes an order, similar to a stop loss, but the stop loss point or level is not fixed. Instead, the stop-loss level trails behind as the price rises and freezes when the price falls.

For example, Bitcoin reached $17,000 on December 11, 2017. Given the pressure to close trades, many activated trailing stops on open buy orders, setting a buffer of $1,000. As BTC price rises, getting closer to the milestone 20K, Trailing Stops follow the price up like a dog on a leash. On the evening of December 17, Bitcoin topped out at $20,089 and began its bearish trend to fade away. An example of a trailing stop is $19,089. After just eight hours, Trailing Stop automatically closed the order and credited an account transaction balance of $19,089.

It’s been a miserable day for crypto traders who haven’t covered their assets. Within four days, Bitcoin fell to $11,833 before undergoing a series of wildly volatile reversals and bottoming out at $6,106 in February. After that, the tragic drop to the $3,000 level sank Bitcoin’s reputation into a heavy quagmire, and all liquidity evaporated in summer 2018.

The broker’s clients can use a trailing stop, and the lucky ones who use this stop will leave BTC in due course.

Invest in Cryptos with EXNESS

Trading cryptocurrencies in 2022

The previous Bitcoin price action was dynamite. In the last two rallies, the fuse was lit, then calmed down before the storm, and boomed! If Bitcoin’s behavioral pattern repeats itself for the third time, having an Exness trading account ready will allow you to both buy before the boom and sell as sentiment declines. You’ll have full security of your funds, a support team that actually responds, easy access, and a trailing stop in case the bubble pops again when you least expect it.

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