Tag: Traders

Finding the right crypto-to-crypto exchange is a vital step in progressing your trading strategy. Crypto-to-crypto exchanges provide users with some significant advantages in terms of coin selection and ease of onboarding. Many of these platforms don’t support fiat currency trading pairs. As such, they don't require you to undergo intrusive KYC protocols. Nowadays, there are more crypto-to-crypto options in the market. Part of this increase in selection can be attributed to the rising popularity of DEXs (decentralized exchanges). Here are…

Trading cryptos take several forms depending on the level of experience and the knowledge or skill possessed by a trader. One such form of trading cryptos is leveraged tokens. Leveraged tokens are quite similar to ERC20 tokens in that they can be held, transferred, or traded to any other token. The major distinguishable feature of leveraged tokens is that they offer leveraged exposure to crypto assets without having to worry about collateral, margin, liquidation prices, or any other issue encountered…

Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing with the difference is crucial and will save you from massive loss. The worst thing you could do when entering crypto markets is being an investor who thinks like a trader, or vice versa.  People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolio, or buy and sell cryptocurrencies to profit from short-term price movements.…

Reports emerging from Australia indicate that the Country's tax administrator, The Australian Tax Office (ATO) is preparing to seek out crypto traders concerning their tax obligations.  Tax Claim Goes Back Several Years A media report on Wednesday cites an ATO spokesman confirming that the agency will contact over 35,000 traders regarding their tax compliance spanning a few last years.  The Australian law regards cryptos as property subjecting them to capital gains tax. Thus trades are mandated to report all proceeds…

Bear markets are brutal when they hit. Fortunately, they tend to be much shorter when compared to Bull Markets. But if investors are not well equipped strategically, a small drop will make them panic sell, which could wipe away all their savings. A Bear market is any market condition that shows a downtrend after a period of considerable growth. Most investors consider the bear market to be an indicator of a failing market and industry. But to a seasoned investor,…