• Learn all about cryptocurrency
• All about cryptocurrency trading
• All you need to know about cryptocurrency

All about cryptocurrency

Stablecoins are cryptocurrencies designed to maintain a stable level of purchasing power. Notably, these designs are not foolproof, as a number of stablecoins have crashed or lost their peg https://newcasinos-aus.org/. For example, on 11 May 2022, Terra’s stablecoin UST fell from $1 to 26 cents. The subsequent failure of Terraform Labs resulted in the loss of nearly $40B invested in the Terra and Luna coins. In September 2022, South Korean prosecutors requested the issuance of an Interpol Red Notice against the company’s founder, Do Kwon. In Hong Kong, the expected regulatory framework for stablecoins in 2023/24 is being shaped and includes a few considerations.

Cryptocurrencies are digital assets that are secured by cryptography. As a relatively new technology, they are highly speculative, and it is important to understand the risks involved before investing.

Learn all about cryptocurrency

The word “crypto” in cryptocurrency refers to the special system of encrypting and decrypting information – known as cryptography – which is used to secure all transactions sent between users. Cryptography plays a vitally important role in allowing users to freely transact tokens and coins between one another without the need for an intermediary like a bank to keep track of each person’s balance and ensure the network remains secure.

The word “crypto” in cryptocurrency refers to the special system of encrypting and decrypting information – known as cryptography – which is used to secure all transactions sent between users. Cryptography plays a vitally important role in allowing users to freely transact tokens and coins between one another without the need for an intermediary like a bank to keep track of each person’s balance and ensure the network remains secure.

Keep in mind that you could have to maintain multiple portfolios. As a trader, you might employ different trading strategies simultaneously, meaning you are actively trading while at the same time swing trading and/or position trading.

You won’t need any formal education to trade crypto. However, if you’re serious about becoming a professionally employed trader, earning a degree can vastly improve your chances of landing a job. Many companies hiring in the crypto space require a degree in business, finance, or computer science, depending on which position you’d like.

A paper by John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student found that in 2017 the price of bitcoin had been substantially inflated using another cryptocurrency, Tether.

Many long-standing institutions have begun to offer consumers the option of buying crypto. These platforms also allow users to purchase other financial products, such as stocks and bonds. Traditional brokers tend to offer low trading costs but fewer crypto-specific options than cryptocurrency exchanges.

All about cryptocurrency trading

So, you’ve finally decided to start your cryptocurrency trading career, and you’re already thinking about how you’re going to spend your millions. There’s no doubt that cryptocurrency is an exciting market for investors, but unfortunately, success doesn’t happen as easy as that.

Prepare to pay some fees if your trading plan includes an exchange. In most cases, exchange platforms charge either a flat fee for buying or selling or a percentage fee for the transaction. Some exchanges also charge a withdrawal fee if you move your crypto off the platform. Consider all fees and restrictions before choosing an exchange using this trading plan.

When you decide to close a position, click on the ‘Positions’ tab on the left menu. Select ‘Close position’ and set the number of contracts you’d like to close. Alternatively, open the market’s deal ticket and take the opposite position to one you have open – for example, if you bought CFDs to open, you’d now sell, and vice versa.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

All you need to know about cryptocurrency

In theory, cryptocurrencies are meant to be decentralized, their wealth distributed between many parties on a blockchain. Ownership is becoming more concentrated, as witnessed by companies purchasing and holding them for price appreciation and investment fund managers buying them to hold in their funds.

Considered by many as the gold standard of cryptocurrency, Bitcoin runs on a blockchain and requires solving cryptographic puzzles, which keeps it a secure coin. The price of Bitcoin as of April 2025 is $82,413 USD.

Every time you buy cryptocurrency or use it to complete a purchase, you authorize the movement of a specified amount of cryptocurrency from your wallet address to the seller’s wallet address. The cryptocurrency transaction is encrypted with your private key and pushed to the blockchain.