In a nutshell, cryptocurrency trading is the buying and selling of cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) via an exchange, with the aim of generating a profit from short, medium or long-term fluctuations in their price.
An exchange, like the Luno Exchange, is simply a platform that connects buyers with sellers, much similar to other exchanges/markets, e.g. stocks, commodities, forex, and in our case - cryptocurrency.
If you’re new to the world of cryptocurrency trading, we’ve rounded up some resources to help you get started:
-
A beginners guide to crypto trading strategies
-
A beginners guide to crypto market analysis
-
A beginners guide to crypto charts
-
A deep dive into how the Luno Exchange works
-
An explanation of how the Exchange interface works
-
A full list of the trading pairs available on the Luno Exchange
Once you’ve familiarised yourself with the basics, or if you’re an experienced trader, you might find these helpful:
-
Limit orders and how they work
-
Market orders and how they work
-
Stop-limit orders and how they work
-
How order matching on the Luno exchange works
-
Fast track onboarding guide for high volume traders
-
How to get crypto trading insights