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- How to Receive and Utilise Crypto on NAGAX
How to Receive and Utilise Crypto on NAGAX
Because a Flexible Trader is a Successful Trader
The Importance of Adaptability
Crypto trading is an extremely competitive field and it becomes even more so year by year. As cryptocurrency’s popularity grows, so does the number of aspiring traders who decide to try their luck in crypto currency investment. Technically, crypto is not a zero sum game, but the market flow is severely affected by the actions of its traders and whales. One could argue that more people taking up crypto trading equals a more unstable and difficult to predict market. That is especially true due to the fundamental infrastructure of cryptocurrency as well as that of human nature.
To elaborate, cryptocurrency ever since its inception has always been a technically demanding and complicated subject that requires time and effort from the interested party, in order to be thoroughly understood. But, time and effort are two of the most valuable resources for the twenty-first century man and not many people are willing to sacrifice them to obtain adequate crypto trading knowledge.
It is a fact that we live in the times of ‘smart and quick’ solutions. Everything is designed around the concept of saving precious time and we have become so used to this notion, that even minimal effort and dedication towards a single goal, becomes increasingly unappealing as the years go by. We have become very impatient, which is even more evident when we are tempted by the prospect of a potential reward. Cryptocurrency stories of success have been circulating the web more and more in recent years and many people view them as a quick way to cash in on the latest trend.
All of these result in ill-prepared traders flooding the market on a daily basis and making uneducated, spur of the moment decisions affected by inner emotions or even mob mentality. Choices made under such conditions, usually are not the correct ones and eventually lead to an erratic market, which could be extremely profitable for the knowledgeable, but disastrous for the inexperienced.
Therefore, a smart investor should not be swayed by the general tendencies of the public, but act based on logical, educated decisions. Being adaptable and flexible with your transactions, while also keeping a diversified portfolio are crucial aspects of finding success in this wildly competitive and unstable market.
How to Receive Crypto on NAGAX
As we already established, keeping a diversified portfolio is key to being successful in your crypto trading ventures. What better way to do so, than with an account on NAGAX? NAGAX offers a multitude of options regarding cryptocurrency and all associated activities. First, let us cover how to receive crypto on NAGAX.
Your first option would of course be to buy crypto directly from the platform itself. In order to do so, you will need to follow a few simple steps to reach an informed decision. There is a plethora of crypto coins available for purchase within the crypto trading market and choosing the one suitable for you is not such a simple task. Every trader has their own needs and every situation calls for a different course of action. So, you will have to examine your options carefully and what your given circumstances call for before deciding. Thankfully, NAGAX offers access to twenty blockchain protocols and more than a hundred crypto coins, meaning the odds of the correct coin being available for purchase will be very high.
Now that you have learned how to receive crypto on NAGAX, directly from the platform, you may find yourself wondering about the methods of payment offered by NAGAX. For example, a first time trader obviously cannot trade crypto for crypto, since they do not own any yet.
Another way that helps us answer the ‘how to receive crypto on NAGAX’ question is funding our account via a different, external wallet.
‘How to receive crypto on NAGAX from another wallet’
Transferring funds to and from NAGAX is made easy thanks to the NAGAX Crypto Wallet, as it offers a seamless experience of quick transactions by following just a few simple steps on the app. The NAGAX Crypto Wallet covers pretty much all of your basic trading needs in a single, easy to navigate application. With it you could buy, sell, hodl or store your assets depending on the technique you want to implement for your exchanges at any given moment. In case you are worried about a possible asset storage cap, you can rest assured as there is no such issue. The NAGAX Crypto Wallet allows you to store a limitless amount of crypto coin assets without any fees tied to them.
Last but definitely not least, the NAGAX Crypto Wallet passes the ultimate test for a crypto coin wallet with flying colors. Said test is none other than the level of security it provides the trader with, which of course is the highest possible. Boasting an impressive range of high level security measures, it guarantees that your assets will always be stored safely without ever being exposed to internal or external hacking threats. The aforementioned measures include personal, encrypted keys and a multilayered technology that combines the latest in MPC cryptography with hardware isolation to create an impenetrable digital wall.
All of the above sum it up for the question ‘how to receive crypto on NAGAX, giving you a pretty clear picture of the benefits the Social Crypto Trading Platform and the NAGAX Crypto Wallet can provide you with.
How to Utilise Your Received Crypto on Nagax
Now that we have covered how to receive crypto on NAGAX, we should take a look at the ways you could use said crypto in a successful manner. There are various different situations one might find themselves in when it comes to crypto trading. Of course, different situations call for different approaches, which may sound overwhelming at first, but there are ways to simplify things.
Obviously, the main reason an individual would sign up for a NAGAX account and put funds into their digital wallet is to trade crypto. But, what if you are still going through the process of researching the market and trying to fully understand how crypto trading works? As we already mentioned above, diving into exchanges without first obtaining adequate knowledge would be ill-advised. NAGAX offers a safe alternative way to begin your crypto trading activities, without actually trading or risking anything. This method is called Stake & Earn and refers to the technique of staking crypto coins.
What does Crypto Staking mean?
Crypto Staking is a passive method of utilising idle coins, employed by veteran and novice traders alike, as it offers different benefits to each. Essentially, what you do when staking crypto is putting a certain amount of your unused assets into a kind of ‘frozen’ situation and recollecting them with potential interest after a fixed period of time. NAGAX’S own Stake & Earn is especially flexible and very easily accessible to any investor. Stake & Earn has no maximum limit to the number of crypto coins you can use and features a very low minimum day period of fourteen days of staking. On top of these, it offers a wide selection of over ten major crypto currencies, such as Bitcoin (BTC), Ethereum (ETH), or TETHER (USDT) available for staking. It is also an extremely secure procedure that even makes the blockchain itself stronger and safer.
In case the investor changes their mind earlier than the fourteen days minimum, they are free to withdraw their invested assets without any penalty or issue whatsoever. They will simply not acquire any potential interest assets.
Another way of putting your acquired funds to good use is to take advantage of NAGAX’S excellent social trading features, to kick off your crypto trading endeavours. NAGAX offers a variety of useful features, all in an intuitive, user friendly interface. Trading in a calm and composed state of mind, will help you identify the correct time frame, in which opportunities will be presented. With a combination of in-depth crypto knowledge, decisiveness and quick reactions, you will be able to reach decisions in time and act accordingly to the specific demands of each situation. All of these, of course are much easier said than done, but with enough time and practice, as well as the help of NAGAX’s unique assistance anything is possible!
For this final part let us take the things we explained above and break them down to specific points.
How to Receive Crypto on NAGAX:
- Buy Crypto Assets Directly on NAGAX
NAGAX offers an impressive variety of over twenty blockchain protocols as well as more than a hundred different crypto currencies. Therefore, it is more than likely that you will find the ideal asset for you to invest in. On NAGAX, you can easily buy the assets of your choice either via credit card or bank transfer.
- Transfer External Funds Using the NAGAX Crypto Wallet
Thanks to NAGAX’S excellent digital crypto wallet, transferring funds into your account is easier and faster than ever before. You can buy, sell, hodl or store your funds at any time without having a storage cap to worry about. All of the activities above are conducted at the highest level of security. The NAGAX Crypto Wallet uses the latest breakthroughs in MPC cryptography, as well as unique, individual encrypted keys making sure that your assets are always safe from external threats of any kind.
How to Utilise Received Crypto on NAGAX:
- Stake your Already Owned Cryptocurrency
It would be smart to take advantage of NAGAX’S Stake & Earn feature, to put your idle coins to good use in a harmless way. Stake & Earn allows you to temporarily ‘freeze’ the unused assets of your choice and potentially withdraw them plus interest, in a reasonably short amount of time. Without a maximum staking amount and a very low minimum staking period of just fourteen days, Stake & Earn makes a very strong case for itself. Not to mention it is a very safe procedure and you are allowed to step off at any time during the staking process.
- Invest and Trade your Assets
Actively putting your acquired crypto knowledge to the test is the ultimate step for an up and coming trader. You could benefit from the multiple quality of life features NAGAX offers, as well as its diverse set of investing options. Learn about short or long term strategies from the top performing traders in the platform, thanks to NAGAX’S social aspects and actively participate in the cryptocurrency market.
And that is all you need to know about the question ‘how to receive crypto on NAGAX’. Based on the information we provided you with, study the field of crypto trading, train yourself to be as composed as possible no matter the situation and enjoy a seamless trading experience, only on NAGAX!
Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you cannot afford to lose.