Crypto trading refers to the process of buying and selling digital money to speculate on future price movements. A shift in demand/supply or new crypto legislation can dramatically change crypto prices, therefore, traders must ensure that they fully understand crypto price volatility before starting to trade any cryptocurrency. Crypto traders can use crypto exchanges to build their positions or trade Bitcoin via Forex/CFD brokers.
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- A cryptocurrency exchange is an online business that exchanges conventional fiat money for digital currencies. The purchased crypto is stored in software/hardware wallets
- Forex/CFD Brokers offer cryptocurrency trading on MetaTrader like any other CFD product. In this case, no wallet is involved