Hello friends, hope you all are well, in today’s information “Make $100 a day trading cryptocurrency”, we will tell you how you can earn 100$ by day trading in crypto.
Although trading is very risky, but if it is analyzed thoroughly, then there is a lot of chances to earn profit.
To trade crypto currency you must have an account on a crypto exchange (binance, coindx).
Open crypto exchange account
To trade in cryptocurrency, you will first have to open your account on any crypto exchange platform like Binance.
After the account is opened, you will have to deposit the amount you want to trade in it, after that you can buy any cryptocurrency and trade in it.
trade and earn money
Trading in cryptocurrencies is a complex task. You can lose money just as fast as you can make it. Therefore, before trading you have to make a strategy and work on it. If you work without strategy, there are high chances that you will lose money.
After a good strategy, you will have to decide in which crypto currency you want to trade, after that you will have to invest in that crypto currency. Remember, invest only as much money as you can afford to lose.
The percentage you want to make from that trade after taking the trade is your target point and you need to decide this before taking the trade. When the market reaches your target point, you have to exit the trade at that time. If you do not do this then you may lose your profit.
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Make $100 a day trading
It is very easy to make $100 in cryptocurrency day trading if you do it with a good strategy, for example if you are trading Bitcoin and you have invested $1000 in it, now you have to set a stop loss and a target of 10 percent. And whenever your target point is achieved you get 10% of $1000 i.e. $100 profit.
Can I take 10% profit in crypto trading
Yes, you can make more than 10% profit in crypto trading. The crypto market is very volatile. As fast as it grows, it also falls equally fast. Many cryptocurrencies can easily give returns of up to 100% in a single day.
Note: You can earn as much as you want in crypto currency trading, you just need to know how to do technical analysis well and make a good strategy.
best crypto exchange platforms 2024
- Best for Low Fees and Best for Experienced Traders: Kraken
- Best for Beginners: Coinbase
- Best Mobile App: Crypto.com
- Best For Security: Gemini
- Best for Altcoins: BitMart
- Best for Bitcoin: Cash App
- Best Decentralized Exchange: Bisq
- Best for all: Binance
How to Select the Best Crypto Exchange
When selecting the best crypto exchange, you should know what you need. Here are some important points you should know:
- Payment method: Before creating an account with any cryptocurrency exchange, you should be aware of its payment methods. You should know that he deposits and withdraws your currency from the bank.
- Support: The most important part of any exchange is customer support. If you face any kind of problem while trading, then you can go to customer support and get the solution to your problem, hence choose such a platform which solves the queries of its customers as soon as possible.
- Fees: Whenever you trade on a crypto exchange, it charges some percentage of the trading, so choose a platform whose trading fees are very low.
- Security: Whenever you create an account on any exchange, pay attention to its security. If the security of a crypto exchange is not good then the chances of coins being stolen from your crypto wallet are very high.
How to create crypto exchange account
First of all you have to select the crypto exchange platform, after that you have to sign up in it with your Gmail or Google, then it will ask you for your basic information, you have to fill them and complete KYC with verification documents like IDcard, then Your account will be completely ready in 1 to 2 days.
Different between best crypto exchange platforms
| Company | Transaction fees | Currencies | Minimum deposit and purchase | Trade limit |
| Kraken Best for Low Fees & Experienced Traders | 0.00% to 0.26% | 200+ | 1$ | No |
| Coinbase Best for Beginners | Variable fees (Coinbase), 0.00% to 0.40% maker fee, and 0.05% to 0.60% taker fee per trade (Coinbase Advanced Trader) | 200+ | 1$ | Yes |
| Crypto.com Best Mobile App | 0.00% to 0.075% | 250+ | 1$ | Yes |
| Gemini Best for Security | 0.0% to 0.40% for active trader, 1.49% for most transactions on regular platform | 80+ | Varies | Yes |
| BitMart Best for Altcoins | 0.0080% to 0.40% | 1500+ | $50 for Bitmart purchases | No |
| Cash App Best for Bitcoin | 0.75% to 3% | 1 | 1$ | Yes |
| Bisq Best Decentralized Exchange | 0.075% to 1.15% | 120+ | No disclosed | No |
Conclusion
Hope friends, you would have liked our today’s information “Make $100 a day trading cryptocurrency”. Through this information, we have told you how you can earn $100 in one trade by trading in crypto. We have tried to answer all your questions in this information.
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