The first suggestion for cryptocurrency trading:
Find a KOL you know to open a rebate account, that is, let him set the highest level of rebate fee for you. Don't underestimate this fee. In a year, the fee may be enough for the down payment of a house.
People tend to ignore the amount of fees, especially those with high transaction frequency. The biggest expenditure of an account in a year may be the fee.
For example, if the principal is 10,000u, open 10 times, the order is 100,000u, buy 50u, sell 50u, a total of 100u. If there are 3 orders a day, the fee is 300u a day, and the fee is 300*365=109,500u a year. This is only 10,000u principal, only open 10 times. If you open 20 times each time, the fee will double, and it will be 219,000u a year.
So you must pay attention to the rebate of transaction fees. Whatever you can get back is earned for free.
After opening, if you return 20%, as long as you keep your principal, you can return 21900u in handling fees, which is higher than the total principal you invested, so it is very important to find an exchange broker you know to open a rebate account.
Investing in the cryptocurrency circle is not achieved overnight, it requires patience and wisdom. Welcome to follow, like and leave your comments, share experiences with other investors, and grow together.
May you have a fruitful journey in the cryptocurrency circle!
