$ETH Cryptocurrency Trading Explained

Cryptocurrency trading involves buying and selling cryptocurrencies, such as Bitcoin, Ethereum, and others, to make a profit. It operates on the same basic principle as stock trading — buy low, sell high. Traders use cryptocurrency exchanges like Binance, Coinbase, or WazirX to execute these transactions.

There are two main types of cryptocurrency trading:

1. Spot trading – You buy cryptocurrency and hold it until the price rises.