Learn and analyze the main CoinMarketCap indicators.
Make your first cryptocurrency exchange with Changelly, Uphold or Bisq.
Exchange or trading of cryptocurrencies or tokens is one of the most widespread activities within the cryptoeconomy. Millions of users around the world exchange daily with the aim of making a profit from buying or selling cryptocurrencies such as bitcoin, ether, litecoin or bitcoin cash, among many others. With that goal in mind, CriptoNoticias has prepared numerous video tutorials for easy cryptocurrency trading.
The assumption of every operator is to buy cheap and sell at the best possible price, which means seeking the maximum return on the initial investment. However, to achieve this goal, it is necessary they have basic tools that allow you to find out what the price variations are cryptocurrency, how much capitalization it has on the market or in which exchange to start working.
Next, we’ll review how to navigate the CoinMarketCap platform to track the price of dozens of cryptocurrencies. In addition, let’s take a look at GitHub, which has a dual benefit: for developers and for traders looking to evaluate the value of cryptocurrency projects. Finally, we teach you how they work and how to open an account with Changelly, Uphold or Bisq so you can get started in the changing world of cryptocurrency trading through these video tutorials from CriptoNoticias.
To start the exchange, it is necessary to get the largest and most detailed information about cryptocurrencies or tokens and their behavior in the market. CoinMarketCap is a reference website in the crypto ecosystem that offers multiple indicators to track dozens of projects.
Information on nearly 2,500 cryptocurrencies and tokens can currently be found on more than 20,300 markets. One of its features is that the user can configure how the data is displayed on the screen. That is, the platform allows you to list cryptocurrencies by their market capitalization, price, volume, current circulation or by variations registered in the last 24 hours.
To delve deeper into a particular project, a trader needs only to click on the cryptocurrency to be explored. Later you can view your history, know your position in the general ranking, real-time quotes and interactive charts to detail your behavior in the last week, last 30 days or for the calendar year. This video is one of the tutorials we have prepared for easy cryptocurrency trading. Here you can see how CoinMarketCap works and how to get the most out of it.
GitHub for valuation
A good cryptocurrency weighting will help operators decide which projects to focus their funds on. A tool that allows you to estimate the value of a cryptocurrency, not its price, is GitHub.
It’s a platform that works on two fronts: as a code repository for developers and as a source of statistics to keep investors up to date with their activities.
Information you provide GitHub They are useful to know how much cryptocurrency is active and used. In addition, it serves to determine the number of proposals implemented in the project, the software updates it receives, potential future developments, proposals and activities of the developer community.
Variable, best price on the market
Now it’s time to talk about trading platforms. Let’s start with Changelly. It is an online service characterized by serving as an intermediary between you as an investor and crypto exchanges such as Bittrex, Binance or Poloniex, among others.
Changelly’s role is to offer the operator different tariffs on the market, listing the most attractive ones. This means that the user saves time from the query is performed automatically on several crypto exchanges. In addition, it also saves time by not having to manually make one deposit at a time at exchange offices.
The fee is 0.5% of the amount exchanged and transactions usually take between 5 and 30 minutes.
Support cloud banking
Uphold is a simple and friendly platform that allows you to exchange national currencies for cryptocurrencies or precious metals and vice versa. Its popularity is growing and it already enables business in more than 160 countries. Users can also make payments in national banks in local currency.
The startup calls itself “cloud banking” and has been in business since 2014. One aspect to point out is that, unlike other services, Uphold organizes funds in the form of identified cardsfor example, as BTC card, EUR card or USD card.
The intention of working this way is that the funds can be allocated to different wallets and that withdrawals or deposits can be made separately.
Bisq, a decentralized network
In Bisq, exchanges take place in a decentralized way and focus on user privacy. Each connected operator is an independent network node, without direct communication between them, without conversations to exchange information and therefore potential fraud.
An exchange operation with a bank deposit, for example, is carried out after the details of the account to which the funds will be received are registered on the platform. Then the buyer will receive that information to close the deal.
In case of disputes, there are so-called arbitrators who are in charge of reviewing the conflict. Arbiters are users who adopt this power of mediation after depositing funds in BSQ as collateral. If the arbitrator is found to have favored one side on a partisan basis, you may also be audited and risk losing your deposit.