A simple guide to Ethereum margin trading

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As per the undeniable reports of BTCC, after bitcoin, the Ethereum margin trading has turned into the most famous option. This is essential because Ethereum is today one of the widely used networks among the popular cryptocurrencies of the day. However, a user has to explore the new world of margin trading.

All about Ethereum margin trading

Ethereum or ETH is the native cryptocurrency of the Ethernet network. This is not only regarded as the globe’s second-largest cryptocurrency project but also the basis for the uncountable other cryptocurrency protocols. However, with much advancement, the purchase or sale of Ethereum or better said the Ethereum margin trading can be through many ways.

A user can buy an Ethereum on the cryptocurrency exchanges. It is unbelievably true that cryptocurrency exchanges can avail the easiest way for a beginner to acquire Ethereum. Broadly, today there are two kinds of exchanges available to be utilized in the trading industry in general and in the Ethereum margin trading in specific. These include centralized and decentralized exchanges.

Most of the exchanges are centralized although the number of decentralized exchanges is growing. Nevertheless, the centralized exchanges are much easier to use essentially for Ethereum margin trading, and especially for those investors who are novices in the trading industry.

Ethereum margin trading through a centralized exchange

Ethereum margin trading can be successfully carried out via a centralized exchange such as BTCC. Initially, a user has to open an account with a centralized exchange. Different exchanges ask a user to share varying amounts of his or her personal information in order to open an account. These are called know your customer (KYC) and anti-money laundering (AML) needs.

Most exchanges will ask a user to upload his or her photographic ID. As a beginner, a user has to use a high-volume exchange like Coinbase, Binance, or BTCC to successfully carry out Ethereum margin trading. After opening a safe account, the next step will be funding the account which can be done via a bank transfer, a credit card, or a digital payment service like PayPal.

After a user is ready to trade he or she has to decide on how to store his or her Ethereum once it is purchased. ETH can be safely stored in an online wallet, or in the user’s own personal desktop or mobile wallet. Offline storage or cold storage is safer since it is less vulnerable to being stolen. This can be safely kept for a long period of time in an offline wallet viz., a Trezor, or the Ledger hardware system.

Best alternatives for Ethereum margin trading

A viable alternative to Ethereum margin trading is the choice of over-the-counter (OTC) trading services. They are especially for high-earning individuals who look to carry out high-value trading. Some stock brokerages can also be selected like Robinhood. Nonetheless, for the secure purchase of an Ethereum one can select the ether ATM. The locations of these ATMs can be searched in the required region.

In fine, it is safest to choose https://www.btcc.com/ for your cryptocurrency margin trading needs anywhere, anytime.

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