$BTC
Great! You are interested in learning about Bitcoin trading $BTC , it is an exciting but volatile market, so it's wise to learn first.
Here’s a beginner-friendly guide to help you get started with Bitcoin (BTC) trading:
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🔰 1. Understand the basics
Before trading, understand what Bitcoin is and how it works:
• Bitcoin (BTC) is a decentralized digital currency.
• It is traded on cryptocurrency exchanges like Binance, Coinbase, Kraken, and Byte.
• Prices are extremely volatile - they can swing significantly within hours.
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📊 2. Learn about types of BTC trading
Here’s how people usually trade Bitcoin:
🔹 Spot trading
• Buy BTC directly and sell it later at a higher price.
• Example: Buy at $60,000 → Sell at $65,000.
🔹 Futures trading
• Bet on the rise or fall of BTC's price without owning it.
• Leverage (borrowed funds) can be used, but it’s risky.
• Example: Buy = betting on price increase; Sell = betting on price decrease.