**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](https://nagax.com/int?q=receive)? 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](https://nagax.com/int/crypto-wallet?q=receive), 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](https://nagax.com/int/news-and-analysis/articles/how-crypto-trading-works-an-easy-guide-to-understanding)? 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](https://nagax.com/int/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!

**Final Breakdown**

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.*

You want to start trading, but you’re not sure how to receive crypto on NAGAX? Well, look no further, because we will fill you in on all you need to know!

How to Receive and Utilise Crypto on NAGAX

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**Pros and Cons of the Modern Investment**

**Is Cryptocurrency Investing Really So Different?**

In regards to successful business people, there is a general consensus that they have come to be and more importantly remain so, thanks to a distinct difference in their mentality. Apt business people are always looking for investment opportunities that have the potential to benefit their business affairs, whether in the long or short term. Most people tend to use up all their acquired funds without any concern for the future and its unpredictability whatsoever. Of course, that is not to say that you should not be reaping the rewards of your efforts at all, but it is highly recommended to keep up the momentum by making the right investment decisions.

However, making an investment is not such a simple affair. After all, you will be putting your funds on the line, in hopes of turning a profit. Before investing, you should have a clearly outlined plan regarding your course of action that covers many possible scenarios you may have to adapt to. Also, carefully setting financial goals and limits will help you maintain a clear picture of the situation, while at the same time managing possible losses that may occur. 

It is important to look for the right investment opportunity, whose benefits greatly outweigh its drawbacks. In order to do so, many aspects need to be considered, such as the current state of the economy, the specific market you intend to invest in and many more. Conducting a thorough research of the product and its provider is key to making an informed decision.

In comparison to other, more traditional and established markets, cryptocurrency is a highly unstable one, without a long history to study. The benefits of investing in cryptocurrency are many, but you will need to have the [proper knowledge and tools](https://nagax.com/eu/news-and-analysis/articles/how-crypto-trading-works-an-easy-guide-to-understanding) to take advantage of them. 
While crypto investments may not be an entirely different concept, they have a separate number of factors that influence them and need to be taken into consideration.

**Benefits of Investing in Cryptocurrency**

Cryptocurrency has been in high demand over the past few years, without exhibiting any signs of slowing down. When the demand for a certain product is so overwhelming, it is safe to assume that there is something special about it. But what are the actual benefits of investing in cryptocurrency? 

One of the main characteristics of cryptocurrency is its decentralized infrastructure. Unlike fiat currencies,most crypto coins are not fully owned by a single group or organization, such as a country’s government. Usually, they are owned by the group that launched them, as well as those who own a large quantity of them. Because of the way cryptocurrencies are formed, buying and selling crypto is transparent and requires no middle man. When trading cryptocurrency, there is no need to rely on a bank or any other third-party intermediary for your exchanges, which means you are the sole proprietor. 

Next up on the list of benefits of investing in cryptocurrency is the privacy and discretion cryptocurrency transactions offer. In stark contrast to credit card payments or wire transfers, no personal information is disclosed with anyone but yourself. You are not required to share any sensitive information you wish to keep private in order to execute any transactions. All of your account movements and information are encrypted, making trading with cryptocurrency an absolutely private affair. 

In light of the recent global financial crisis, inflation is a word that comes up in almost every conversation or news segment. There is no doubt that inflation has been affecting our daily lives in major ways for many years now. Is it, however, an imminent threat to cryptocurrency too? In short, no. Not exactly.
 
The inherent nature of cryptocurrency is designed in a way that, for the most part, eliminates any of the issues that lead to inflation. Most crypto coins are launched at a fixed number, which is decided prior to its introduction to the public market. This practice remains consistent throughout the lifespan of a cryptocurrency as there is a cap to the number of coins produced, whether it is on an annual basis or in general. Thanks to these predetermined limitations the number of available coins for any cryptocurrency is kept in check, thus preventing inflation.
Due to its decentralized infrastructure, cryptocurrency’s price reflects its worldwide demand and not the inflation a single country may experience, since it has no ties to one. 

Lastly, another one of the benefits of investing in cryptocurrency is its trading flexibility. Normal stock exchanges are tied to banking systems and as such can only occur during working hours. Obviously, that is not the case with cryptocurrency exchanges, as they can be executed at any time during the week. 

**Risks of Investing in Cryptocurrency**

Now that we have covered the benefits of investing in cryptocurrency, let us take a look at the risks involved as well. Not unlike most things in life, investing in cryptocurrency has two sides which always go hand to hand. 

One of the very first issues that come up with investing in cryptocurrency is the difficulty in understanding it to its full extent. Cryptocurrency as a subject is rather complicated and multi-layered and takes serious effort to fully grasp the intricacies of its infrastructure. It is a subject that requires some level of digital and technical knowledge that may elude many people hoping to take up crypto trading. Also, due to its relatively recent introduction to the market, the idea of cryptocurrency as a part of our everyday life is still at its early stages. As a result, its general nature remains covered in obscurity to most people. It should go without saying that investing in a product you only partly understand is probably not the wisest or most secure idea.

Another issue that should be taken into consideration before investing in crypto is how volatile it tends to be. The market of cryptocurrency is infamous for its instability and unpredictability, which may present opportunities for high gains but may also pose significant risks to investors. This unstable nature is especially dangerous to inexperienced traders who will most likely miss the most opportune times to invest, but may also get tricked by current trading trends. It is advisable to approach cryptocurrency investments with caution, regardless of your trading experience. 

The internet has for many years been a playground for individuals with malicious intentions trying to take advantage of people not very familiar with technology. Now, imagine that, but with inexperienced people trying to untangle the cryptocurrency web while simultaneously storing their funds in digital wallets. Cryptocurrency exchanges are not totally safe from hacking, phishing and other illicit activities. There are of course ways to counter such issues, from keeping a very cautious mindset to choosing a highly secure platform to trade on, such as [NAGAX](https://nagax.com/int). NAGAX offers an extreme level of protection through the use of state of the art security measures. Such measures include encrypted keys, intricate algorithms and unique, private codes for access into your accounts.

Finally, as a decentralized form of currency, cryptocurrency lacks a clearly defined set of rules and regulations, which in turn creates a wild and uncertain environment that amplifies the market’s instabilities even further. Regarding the concept of setting operating regulations for cryptocurrency, there is a thin line between complete freedom and becoming another form of strictly modulated form of currency. On the one hand, the biggest selling point of the crypto idea is its independence from third party intermediaries such as banks or governments. On the other hand, allowing an entire market to operate without any rules, will without any doubt lead to chaos and ultimately a disastrous collapse. It is fairly easy to surmise that all of the above create an uncertain future for cryptocurrency, that should always be kept in mind when considering potential investments in its market.

**The Best of Both Worlds**

By now, you have familiarised yourself with most of the core factors that may affect an investment in crypto, whether for good or bad. Therefore, it would make sense to try to take advantage of the benefits of investing in cryptocurrency, while also eliminating as many risks as possible. Fortunately, that can be achieved quite easily by signing up for a NAGAX account. NAGAX is a Social Trading Platform that, as the heading suggests, offers traders the best of both worlds. As we already mentioned, it provides users with top-tier security, guaranteeing the safety of their accounts and savings. 

Also, NAGAX offers a wide range of [information resources](https://nagax.com/int/news-and-analysis) and lessons in cryptocurrency, which will help you understand how crypto works in an engaging and easily digestible way. The better you know your subject, the better the chances of your exchanges having a successful outcome. Moreover, it offers an extensive view of how some of the most experienced traders choose to invest and trade, which gives you the chance to analyse and thoroughly comprehend their strategies before employing them yourself. 

This platform helps you withstand the ups and downs of the crypto trading market, by making your operations highly adaptable and offering a [wide range of options and services](https://nagax.com/int/markets). With an impressively wide range of crypto coins available for purchasing and trading, you are allowed to keep a diversified portfolio that will help you immensely in the long run. 

Overall, NAGAX provides a compelling, diverse and user-friendly interface that takes care of most of the issues you may face during your crypto trading efforts, while also giving you the means to be the best investor you could possibly be. 

**Summary**

The information about the risks and benefits of investing in cryptocurrency is crucial to the success of your investments, but also quite sizable. So, let us break it down into its core elements.

Benefits of Investing in Cryptocurrency:

- Crypto Coins are independent from third party intermediaries, and mostly free from the influence of big organizations.
- Cryptocurrency guarantees the privacy and confidentiality of your sensitive  personal information at all times. 
- Cryptocurrency is, for the most part, safe from the looming dangers of inflation that threaten fiat currencies.
- 24/7 trading times, which offers great flexibility and accelerates procedures.

Risks of Investing in Cryptocurrency: 

- Fully comprehending the nature of cryptocurrency and how it operates takes time and effort, therefore breeds uncertainty about investing in it without adequate knowledge.
- It is notoriously volatile and unstable, and as a result is a relatively dangerous investment for inexperienced individuals.
- If you do not take some necessary precautions, you leave yourself vulnerable to potential hacking, which may lead to devastating losses.
- Its lack of a central regulatory framework makes cryptocurrency even more unstable and its future as a currency uncertain.

To sum up, investing in cryptocurrency can be highly rewarding but equally treacherous. It all depends on how you approach it and how willing you are to dedicate yourself to learning the trait and eventually making the right decisions. 
It is recommended that you take the time to understand most of its intricacies and research everything that you may come across. With a little bit of patience and discipline everything is possible. Good luck in your investing endeavours!


***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.*

To be able to invest successfully you need to know the benefits of investing in cryptocurrency and the risks involved. Check out our guide to be fully prepared!

Benefits and Risks of Investing in Cryptocurrency: Things to Consider

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**Find Your Own Benefits in a Highly Volatile Market**

**Introduction to Cryptocurrency**

More and more people consider taking their chances in the [cryptocurrency market](https://nagax.com/int/markets) every day. As the years go by the initial obscurity around the general notion of cryptocurrency is becoming clearer. People of all backgrounds around the world, begin to get a better understanding of how the crypto trading market works and come to accept it as the future of the world economy. Of course, not everyone is equally informed or accepting of cryptocurrency, but it is a fact that there has been a large growth in these numbers. 

However, those who are looking to stop looking from the outside and actually jump into the action will be looking at quite a hefty task. [Crypto trading](https://nagax.com/int/buy-crypto) should never be seen as a game, as your life savings are on the line. Learning how to invest in cryptocurrency is the first and probably the most crucial step in your future life as a cryptocurrency trader. 

The Information available about crypto is off the charts and it is completely understandable to feel overwhelmed when first starting out.   

As is the case with most subjects these days, there is an abundance of online resources hoping to teach you ‘how to invest in cryptocurrency’. This is especially true in the case of crypto due to its recent popularity and complex nature which fuel numerous aspiring mentors to pop up day by day. Picking out those with pure intentions and the knowledge to back them up is an altogether different discussion.
Further down in the article we will do our best to inform you on how to invest in cryptocurrency without complicating things any further.

**How to Invest in Cryptocurrency for Beginners**

First of all, to make an investment you will need to decide on a specific asset to invest in, such as the [NAGA Coin (NGC)](https://nagacoin.io/). You should keep in mind that crypto coins are a decentralized currency and they can be launched quite easily by anyone. So it goes without saying that before making an investment decision, you should do thorough research on those behind the [crypto coin](https://nagax.com/int/markets) you have developed an interest in. By doing so you eliminate the chances of falling victim to some kind of scam. 

Before taking the next step, a novice trader should make sure to have the right mindset towards the reasons they are looking to invest. It is not just important to be thinking about how to invest in cryptocurrency, but it is just as crucial to know why you want to invest in cryptocurrency. Due to its extremely volatile nature, crypto coins tend to work better as a long-term investment. Of course, that is not to say that you cannot learn and utilise short-term strategies, but taking things slow may be a better option for beginner traders. After all, the factors that influence the subject of ‘how to invest in cryptocurrency for beginners’ are quite different due to their lack of experience.

Volatility in cryptocurrency means quick and unexpected market swings that could affect your mental state. Fear of missing out (or FOMO for short) is very common amongst inexperienced investors, when the value of an asset begins to increase. On the other hand it is just as possible to panic sell the instant your investments start to drop in value. Years of [crypto trading](https://nagax.com/int/buy-crypto) have proven that in most cases, neither of these decisions turn out to be the right one. So, it is of the utmost importance to be aware of the reasons you are looking to invest and what you hope to gain from your investments. By having a clear plan in mind, you greatly reduce the risk of being caught off guard by potential market fluctuations. A good trader should strive to be as composed as possible, because decisions made based on emotions can be detrimental to their success. 

Another very important decision to be made is the platform on which your business will be conducted. Choosing a trading platform with just the right qualities is very important to a good trading experience. The qualities a platform needs to have, depend, of course, to each individual’s unique needs and traits. But, there are some fundamental aspects in place, that should generally not be overlooked:

- First of all, the trading platform of your choice needs to be accessible and easy to navigate, so as to not cause you any unnecessary confusion or delays. A well-designed, user-friendly platform goes a long way in your efforts to be as focused on your goals as possible. 

- Another crucial aspect that should be taken into consideration is the level of security of the platform. Obviously, you want to deposit your funds in a safe place, far from any malicious activities. So, a platform that uses the right technology to keep hackers at bay is a necessity. 

- Finally, the platform of your choice should be very diverse and flexible. A trading platform can be home to various of your activities, as long as the provider offers them. It is far more efficient to go to a single platform for all, or at the very least most, of your trading needs. Instead of visiting a multitude of websites for various reasons, consider joining one that can do everything you may need. By doing so, you ensure your operations are well organized and you can focus solely on your trading strategies.

**The Social Crypto Trading Platform**

With all of the above in mind, let us introduce the platform that combines all of them and even more. The social crypto trading platform called [NAGAX](https://nagax.com/int), offers the ultimate trading experience which includes all of the essentials, plus some great quality of life features. It is very accessible and easy to use from the get go, making things much easier for an inexperienced trader trying to figure a multitude of things out at the same time. But, even if you feel uncertain about anything regarding how the platform works, there is no need to worry as the provider offers excellent customer support for all your questions and issues. 

The platform has set very high standards in terms of security measures, using state of the art technology, such as unique encryptions and algorithms, ensuring total safety for your funds and exchanges. 
Where NAGAX truly excels though, is in its multiple uses. We have already established that a good trading platform should be more than just a trading platform. What separates a good trading platform from a great one is the diversity of services that it provides. NAGAX brings everything an aspiring trader could need into a single package, which makes it the ideal option for beginners and experienced traders alike.
 
If you choose to join [NAGAX](https://nagax.com/int), you will be able to buy an extensive number of crypto coins, allowing you to keep a diversified portfolio. You could also stake your idle coins with minimum limitations and high interest returns, which makes for a very good side investment strategy. 

You may wonder what the word social has to do with a trading platform. It is as simple as it is innovative. NAGAX brings the social element of online platforms into the world of cryptocurrency, allowing you to observe the way some of the best traders on NAGAX operate. This way, you are given the opportunity to learn from some of the most experienced traders, analyze their strategies and once you get the grasp of them, employ them on your own trading exchanges. 

In addition to the ability to learn the trade from veterans, there is also an abundance of instructional lessons on ‘how to invest in cryptocurrency’, available for many, different levels of trading experience. They are engaging and easy to follow, incentivising investors to understand crypto trading to the best of their ability. 

Finally, your funds need a safe place to be securely stored. NAGAX has got this covered as well, with the [NAGAX Crypto Wallet](https://nagax.com/int/crypto-wallet). With an impressive and highly accessible cell phone app, a wide range of crypto coins available and top-tier security measures, the NAGAX Crypto Wallet is the icing on the cake of this social crypto trading platform. 

**Investing in an Unsettled Crypto Market**

It is no secret that the entirety of the crypto trading market is highly unstable and volatile. Many factors contribute to that, such as the huge number of crypto coins emerging and disappearing every day. The limited history of crypto and its complicated nature, which still eludes a great number of investors, tend to make analyzing and anticipating market swings quite difficult. As a result, many decisions are made in the heat of the moment, creating an even more unpredictable market.

The instability of the crypto market is a double-edged sword and it is up to the individual trader to make good use of it. It is quite clear that an unstable and unpredictable market poses many risks to investors and can be very dangerous. However, it also has the potential to present many opportunities, for those who may be able to spot them. 
Checking your emotions at the door is the best way to stay ahead of the competition and one of the first lessons on your journey to learn how to invest in cryptocurrency. Achieving that level of composure enables you to see what others may not be able to see. Being able to pinpoint the best moments to act and taking advantage of them is arguably the most important skill an investor needs to develop in order to be successful. 

An unstable market will project many ups and downs over a period of time. Buying, selling or holding assets at the right time, is the best way to find success in your exchanges. Obviously, all of these are easier said than done, but understanding all of these situations and acting accordingly is one of the most important steps in achieving your trading goals.

However, it should also be noted that a market of such volatility poses many risks as well. While it may be a fertile ground for lucrative rewards, the dangers are just as many and it should be approached in a cautious manner. That is especially true for inexperienced traders looking to make their first steps into cryptocurrency.

Until you have gained a better understanding of how the market works, it would probably be a wise option to focus more on the long term. Long-term trading strategies are generally more suitable to novice traders, as they allow them to take their time and do not demand instinctive reactions and quick decision making. Instead of going after high risk, high reward strategies that promise huge gains in a short period of time, you should consider taking things at a slower pace. When it comes to crypto trading, slow and steady does win the race. Minimal gains at regular intervals can amount to big profits over a reasonable period of time.

**Summary**

To better understand how to invest in cryptocurrency one needs to study the essentials of crypto and based on this knowledge develop the right mindset for crypto trading. Furthermore, you need to set up your virtual base of operations, by choosing the platform that best suits your needs and can help you in all your trading endeavours. The [crypto trading platform](https://nagax.com/int) of your choice should also have high security standards and various accessibility features. 

The instability of the crypto coin market makes it an exciting investing prospect but should not be taken lightly. While it may have the potential to bring you great rewards, it may also be putting your funds at risk, if handled poorly. So, until you fully figure crypto trading out, it would be advisable to employ strategies that pose fewer risks and are carried out over an extended period of time. 


***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.*


The first step to understanding how to invest in cryptocurrency, is knowing the market. Learn how to navigate an unstable market and begin trading now!

How to Invest in Cryptocurrency When the Market is Unsettled

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**Proactive Tactics for the Future: How to Take Profits in Crypto**

Business by its very nature is all about seeking out opportunities for profit. The business of [crypto trading](https://nagax.com/int/buy-crypto) is, of course, no different. However, understanding how to take profits in crypto takes time and effort. There are several different ways for an individual trader to approach crypto currency. All these strategies have been proven to work and be viable when implemented correctly and with the discipline they demand. It is up to the trader to pick the strategies that best suit their needs and character and figure out how to employ them into their trading ventures. All of this is possible with the right amount of patience, research and dedication to crypto trading. 

The [crypto trading](https://nagax.com/int/buy-crypto) market has the potential to be highly profitable, but catching a lucky break should never be an aspiring trader’s target. You should always be aiming to reach a level of somewhat consistent, successful trading. In doing so, you will constantly be pushing yourself to evolve as a trader, thus tipping the scales in your favour in the long run.
 
A good trader should always be asking themselves (and others) how to take profits in crypto. There will never be a single answer that solves everything, so developing a diverse set of knowledge, thoughts and points of view should be your number one priority. That way, you will never (or at least less frequently) be caught off guard by the market’s constant, hard to predict twists and turns. 

An adequate understanding of how to take profits in crypto is earned one step at a time, through both success and failure.Arguably, the best way to take said steps is by employing long-term strategies to your crypto trading endeavours. Contrary to reaction based, quick profit strategies, long-term ones give you plenty of time to carefully study and analyse them through many different scenarios. 
Of course, short-term strategies are just as viable, but serve different purposes and offer other benefits. But this is a lesson for another time. 
For now, let us look into the answers to the question ‘how to take profits in crypto’.

**Long-Term Strategies and How to Implement Them**

One of the most common and easiest to employ strategies is called HODLing. HODLing is one of the most popular techniques in the crypto trading market and is a great way to keep researching ‘how to take profits in crypto’, while also staying engaged. It refers to the action of buying an asset with the intention of keeping it in your possession for an extended period of time (usually one to three years). By practising ‘HODLing’ a trader’s goal is to benefit from long-term value appreciation. At the same time, HODLing essentially nullifies the effects that the notoriously volatile crypto trading market has on assets. Short-term strategies are all about carefully monitoring market fluctuations and adeptly reacting to them, which is of course easier said than done. 

However, with this strategy a beginner trader can ignore all this ‘noise’ and focus on understanding the ways the crypto market works, while simultaneously having made a promising investment. This technique can provide different benefits to more experienced traders, as it allows them to be looking for other investment opportunities at the same time, thanks to its passive nature.
 
It should be noted that like with any other strategy, HODLing does not come without its own risks. Holding onto an asset for such a long period, you will inevitably have to go through some extreme highs and lows with it, due to the extreme volatile nature of cryptocurrency. The problem is that lowest lows could lead to liquidation of an investment, so HODLing demands a certain capital capacity from the trader. 
Moreover, holding onto an asset for an extended period poses the risk of fraudulent activities affecting its value in the long run. Cryptocurrency is not only an unregulated currency, but it is one with a very short history. These factors make it all the more difficult to predict and make sure your investments are safe.

Another long-term strategy you could consider adding to your repertoire is Dollar-Cost Averaging (DCA for short). Finding the right time to [invest into crypto](https://nagax.com/int/buy-crypto) can be tricky to say the least. It could take years of practice and even then an investment is anything but a guarantee. In this strategy, you invest a fixed amount of funds on a specific asset of your choice. These investments are made on a regular basis over an extended period of time, regardless of the prices at any given moment. By implementing the Dollar-Cost Averaging strategy, you can save yourself the trouble of trying to pinpoint the exact moment that would be most beneficial for you to invest. At the same time, the effects of an extremely volatile market are limited to a certain extent. Because of its automated nature, DCA is quite easy to employ, even if you’re not the most experienced trader. 

**Crypto Staking: What is it and Why you Should Consider it**

We already covered some of the most basic long-term strategies that have proven to be lucrative for many investors worldwide. Also, we have established that a trader can approach the task of learning how to take profits in crypto from a multitude of different angles. Actively employing trading strategies, whether they may be short or long-term ones, is not the only way. There is a similar kind of investment technique that despite the passivity it engenders, can be highly beneficial to trader’s of any aptitude and experience. Said technique is called crypto staking and is used by a lot of people. 
To stake crypto all you have to do is keep your coins ‘locked’ in your account and earn from interest. Sounds pretty simple, does it not? 

To get started you first need to make sure you have the crypto you have stored in your [NAGAX Crypto Wallet](https://nagax.com/int/crypto-wallet). In case you do not, you could buy coins straight from [NAGAX](https://nagax.com/int) or transfer them from a different wallet of your choice. Then, you need to stake your coins for a minimum of fourteen days. However, there is no maximum staking period in [NAGAX’s Stake & Earn](https://nagax.com/int/earn), so you can take it easy while your interest goes up!

It goes without saying that a smart investor should always be researching for the best options in the market, regardless of the subject. Staking your idle coins and actually earning from them sounds enticing enough, but despite the passive nature of this technique it should by no means be left to chance. Picking out the best platform to stake your coins is essential, as there are many factors that could make or break your efforts. 
Choosing NAGAX as your go-to platform for staking your idle coins, offers multiple benefits that simply cannot be overlooked. 

We have already established how flexible NAGAX’s Stake and Earn process is. Thanks to its very low fourteen day minimum staking period to its limitless maximum withdrawal period, NAGAX offers you the ultimate freedom in your endeavours. Its low minimum staking period when combined with the equally low staking minimum, makes it as accessible as possible and the perfect choice for any investor. 
The rewards for staking coins are calculated on an annual basis and are adjusted to the actual period they were frozen. Owners of [NAGA COIN (NGC)](https://nagacoin.io/), stand to benefit from higher returns on their interests of up to 8% annually on specific coin staking. 

Currently, **NAGAX** offers the option to stake ten different crypto coins ([BTC](https://nagax.com/int/price/bitcoin-btc), [ETH](https://nagax.com/int/price/ethereum-eth), [BCH ](https://nagax.com/int/price/bitcoin-cash-bch)etc.), thus making it highly versatile and accessible to most interested investors. 
When choosing a platform to stake your coins in, your investment’s security is of the utmost importance. By choosing NAGAX, you basically eliminate all such concerns, as its state of the art algorithms and systems in place, not only protect your funds but actively improve and strengthen the blockchain.
Last but certainly not least, your investments are not bound in case you change your mind within the first fourteen days. **NAGAX** allows you to easily withdraw your funds, without any kind of penalty, before the minimum staking period. By doing so, you simply will not be earning any rewards.

[Crypto staking](https://nagax.com/int/earn) is a procedure that could be of benefit to both novice and veteran investors. It is easy to execute and requires little knowledge of crypto currency, while also demanding no monitoring, which makes it ideal for an inexperienced trader. However, its long-term value on your trading growth is up to you and how you choose to go about staking crypto. For example, a trader with the right mindset would take advantage of staking crypto hands-off nature to study the crypto trading market, while also remaining active and on the course for future gains. On the other hand, you could see it as a shortcut to quick profits based on return interests, which is of course possible, but also very restrictive and may slow down your development as a hopeful trader. 


Established crypto investors could make good use of crypto staking as well, albeit for very different reasons. [Crypto staking](https://nagax.com/int/earn) allows them to make use of idle coins and earn from interest returns, without any effort. Therefore, it makes their overall crypto trading strategies much more efficient. Furthermore, the luxury of a strategy that requires absolutely no monitoring whatsoever, opens up the way for them to implement two or more strategies at once. Needless to say, successfully managing multiple strategies at the same time can improve a trader’s skills, as well as potentially yield even greater rewards. 
Finally, the very act of staking crypto, improves the blockchain and helps it operate in a more secure manner. 

**Final Thoughts on Crypto Profits and Long-Term Trading Strategies**

Finding a definitive answer on how to take profits in crypto is a complicated matter that branches into multiple subjects. Although it cannot be distilled into a single sentence that instantly solves everything, it can definitely be broken down into certain core elements:

- You should always be searching for ways to understand how to take profits in crypto.
- HODLing is an effective long-term strategy that eliminates many of the issues beginner traders may be facing.
- HODLing demands a certain capital capacity from the trader and leaves you open to possible fraudulent activities from third parties.
- By implementing the Dollar-Cost Averaging strategy, you can limit the effects of market volatility, while making investment timing much simpler.
- Crypto staking is a viable alternative to long-term trading strategies, where you lock your idle coins for a certain period and withdraw them afterwards, along with their interest returns. 
- NAGA’S Stake and Earn offers a low staking amount minimum, with just fourteen days minimum staking period.
- NAGAX offers a wide range of ten different crypto currencies available for staking.


***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.*



Looking for information on how to take profits in crypto? In this article we get into the ways to do that. Dive in the world of long-term trading strategies!

How to Take Profits in Crypto? Long-Term Trading Strategies

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**Navigate the Trading Market Like a Pro: Understanding How Cryptocurrency Works**

Crypto trading is the future, there is little to no doubt about that anymore. Despite its deeply technical and complicated nature, more and more people from all over the world have started taking an interest in cryptocurrency. By now, you have most likely heard one of the many success stories circulating the web. Depending on your character and skepticism you may either take such tales with a grain of salt or view them as an exciting opportunity. Regardless of which side of the fence you are on, there is no denying that the concept of crypto trading is developing and expanding at an impressive rate. Therefore, it is only logical that one would be wise to acquire as much knowledge about cryptocurrency as possible, even if they decide not to actually take up crypto trading in the end. After all, success has never been a matter of luck or chance, but one of adaptability, knowledge and seized opportunities. 
One of the most commonly asked questions regarding crypto trading is ‘how to earn from cryptocurrency’. Why else would an individual take up crypto trading, if not for the chance to find success and make a profit for themselves? However, the general notion of how to earn from cryptocurrency cannot be boiled down to a simple, straight answer. As is the case with most other business and financial endeavors, there is no guarantee of success, there is no easy way through and most of all, there are no opportunities free of risk. 
Despite all of the above, there are of course multiple ways to stack the chances of winning in your favor. It is up to the individual to expand the depth of their crypto trading knowledge, while also improving on certain personal traits that may affect the way one goes about trading crypto. 
Whether you are a novice trader or more of a seasoned cryptocurrency enthusiast, there is something for you to take away from this article. It does not matter how much you think you know about a subject, especially one as nuanced and complex as crypto trading, there will always be more to learn. Getting rid of any sense of complacency is the very first step to becoming an expert crypto trader with limitless potential.
Without further ado, let us take a dive into our thoughts on how to earn from cryptocurrency.


**How to Earn from Cryptocurrency**

There is a quite long list of boxes to be ticked on your way to becoming an efficient trader, but first and foremost you should focus on thoroughly comprehending the subject at hand. Before anything else, an aspiring trader should turn their attention solely on grasping the essence of crypto coins, crypto trading and the ins and outs of the crypto market. Without an adequate understanding of the above, most, if not all, of your decisions will be made based on flawed foundations, thus dramatically decreasing their chances of being successful. There is an abundance of quality resources on how to earn from cryptocurrency both online and offline. It is very important to go through as many as needed, until you find the material that best suits your needs and inspires you to learn more. At first, the sheer amount of stuff you need to learn will most likely feel intimidating and overwhelming. In this case, patience and discipline is the name of the game. You need to understand and remember that the action of trading crypto is more akin to that of running a marathon rather than a race. There is no need to dive into the crypto market as soon as possible. Take the time to understand everything at your own leisure, without any self imposed or external pressure. In doing so, you allow yourself to be properly prepared for all of the challenges you may face in the crypto trading market and be much more confident in your overall decision making.
When you decide to take the plunge into the world of crypto trading, you will need to follow a few simple steps. 
First of all, you will need to register for a trading platform, in which all of your exchanges will be taking place. After providing the information necessary to sign up on the platform, you will need to fund your account. Funding your account is a very simple process, as it can be done via credit card or even a wire transfer.
Finally, your funds will need a place to be safely stored. On that account, your wallet could either be a physical or a digital one, each one having its own benefits.

All of the above are mostly straightforward tasks, but we understand that when one is taking their first steps into crypto trading, any burden relieved is most welcome.
On that front, there is one platform that can assist you by saving you the trouble of scouring the internet for reliable and trustworthy resources. 

**NAGAX Trading Platform**

Over the past years, NAGA has become a household name, which is rightly associated with authority, stability and opportunity. After years of carefully studying the crypto market they have come to anticipate a trader’s needs. This is where their innovative, state of the art trading platform called [NAGAX](https://nagax.com/int), comes into play. NAGAX is a one stop solution for your every trading need. 
You can sign up for a NAGAX account in a matter of minutes, knowing that the sensitive information you fill out is a hundred percent confidential and secure. It also provides multiple ways of funding your account and a plethora of coins available for you to invest your funds in. These luxuries make crypto trading as accessible as possible, allowing you to focus on the most important aspects of your exchanges. 
NAGAX is a platform in which trading and social aspects are combined to create a unique experience that truly provides the best of both worlds. 
One of the most innovative and useful features within the NAGAX trading platform gives you the ability to observe how the best of the best operate. The successful strategies they employ are visible to anyone on the platform and are there for the taking! While you are still adjusting to the life of a trader, it would not be unwise to learn something from veterans of the field, by adopting one (or more) of their strategies for your own benefit. These strategies, when properly analyzed and understood, have the potential to be greatly beneficial to a novice trader’s growth, while simultaneously making their early trading operations a success.

Given all of this information it is more than safe to say that the NAGAX trading platform provides everything a trader could possibly need and then some!

**Tips for Beginners**

Before you learn how to earn from cryptocurrency, you will need to make yourself familiar with some of its very basic information. 
One crucial aspect of being a successful trader is keeping up with the developments and news of the crypto market worldwide. Knowing exactly what is going on in the market at any given time, helps you better understand the very nature of cryptocurrency, which only makes it easier to anticipate upcoming movements in prices. However, to get actually useful information you will need to distinguish which sources are reliable and worth your time, otherwise you leave yourself vulnerable to misinformation and biased opinions. 
When you are first looking into material on how to earn from cryptocurrency, you will quickly come to realise one thing. 
Diversifying is key.
The crypto market has come a long way since the days of Bitcoin’s introduction and is now boasting an extreme number of coins and altcoins available for investment opportunities. Therefore, it makes sense to keep an open mind and not limit yourself unnecessarily. Cryptocurrency in general is highly volatile and unpredictable, meaning things can go sideways in the blink of an eye. So, it is easy to surmise that a trader should not feel complacent and should never become idle in his trading endeavours, as that could easily yield devastating results.
There is however, a way to shelter yourself from the pain of an unexpected loss and that is no other than setting your own limits. Carefully planning out your reactions before opening a position can make all the difference. Before investing on a coin you should always make sure to have a clear outline of your targets and limits. You should always know what you are hoping to achieve in a trade and how much you are willing to lose. By setting these goals and sticking to your initial plan, you practice discipline (which is one of the most vital qualities to have as a crypto currency trader), while also making sure not to allow any situation to spiral out of control. 

**Sharpen your Trading Skills**

Now, let us get into some tips that will help the more experienced traders take their game to the next level. 
It is no secret that the most prevalent crypto coin in the market has always been Bitcoin. As a result, it should come as no surprise that the state of Bitcoin, at any given time, affects the entirety of the crypto market. An avid trader should always be aware of the current situation around Bitcoin, as its movements have a reverse effect on altcoins. As a general rule of thumb, the crypto market is only as stable as its main asset. High volatility regarding Bitcoin starts a chain reaction that leads to an extremely blurred image, which is next to impossible to make out.
Throughout the process of researching how to earn from cryptocurrency, you probably have reached a certain level of knowledge that makes you confident about your trading skills. That confidence, when kept in check, is of course a great quality to have, but is not the only one a trader is going to need. On top of having a deep understanding of the crypto market and hands-on experience of employing trading strategies, an aspiring trader is going to need to rid themselves of any naivete and impulsive decision making. 
For example, as tempting as it may be, you should not always be going after huge gains and where they may seem to lie. Remember that ‘all that glitters is not always gold’ and try a safer, long term approach in your trading endeavors. 
Similar to this, buying an asset simply because its price is low and affordable is not a good reason to do so. Yes you can, but should you? 
What is considered a valuable investment is not measured by its price, but by a number of indicators that should always be taken into account before taking the next step. A coin’s market price is only a fraction of the formula that calculates its investment potential, so a clever trader should avoid falling for such an obvious trap.

**Final Thoughts**

Learning how to earn from cryptocurrency is a rather long and complex process, but it is also potentially a very rewarding one. Whether you are only now starting out or have been at it for ages, there will always be room for improvement. Continuously honing your trading skills and knowledge is paramount to becoming a confident and successful crypto trader.  
There is an endless amount of resources available within the internet, so finding your own path is all about patience and insistence. You just need to take the time to find what works for you individually.
Make improving your number one priority, instead of focusing on finding success immediately and chances are that before long, success will find you.



***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.*

In this article, we will be expanding upon tips and tricks on how to earn from cryptocurrency. Improve your crypto currency trading skills, starting right now!

How to Earn from Cryptocurrency: Guide for Beginners & Established Crypto Enthusiasts

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**There are Many Ways to Make Crypto Trading Simple**

**Introduction to Crypto Payment Gateways**

Crypto currency has been spreading like wildfire everywhere over the past years. What was once an obscure concept for most people, is becoming more and more accessible by the day. At this point, you most likely have at least a few people in your life obsessing over the latest crypto coin and ways to find success in crypto trading. However, the actual, practical uses crypto currency may have in our everyday life remain an elusive notion, to a certain extent. 
It is quite easily understood that one could trade crypto, open and close positions, invest in crypto, but in the end what is it all about?
What is the actual value and use of crypto coins?
Even though crypto coins are not tangible, real life coins and are not recognised as legal tender by most countries, they can still be used as a payment method. Albeit, not in every country of course, as many still strictly restrict crypto coin exchanges.
But, even if a country allows the use of crypto currency as payment, many merchants remain very skeptical about it and will probably avoid such exchanges. Although, in a world where crypto currency is rapidly becoming a common occurrence, opting to decline crypto coin payments, could result in various issues for any business. 
There is a way to circumvent such problems, without having to compromise your beliefs or waste your precious time and that is via a crypto payment gateway.

**What is a Crypto Payment Gateway?**

Before getting into any more specific details, we need to explain what a crypto payment gateway is, how it works and what its benefits may be. In essence, a crypto payment gateway is a payment processor for digital currencies, which allows you to accept payments in crypto currencies, without actually having to receive crypto coins in your account. Before transferring the payment to your account, a crypto payment gateway will convert the amount of crypto currency paid, to fiat currency of equal market value. Fiat currency is defined as any form of currency backed and issued by a government. So, most modern currencies, such as the United States Dollar or the Euro are considered fiat currencies. 
By opting to use a crypto payment gateway, a merchant is offered great flexibility, thus negating all hesitations they may feel about receiving payments in crypto currencies.  
The provider behind the crypto payment gateway of your choice, takes the burden of exchanging received crypto off your shoulders, by using their own wallets to facilitate the transaction between your business and a customer. 
It should be noted that there are fees associated with the services provided, which may vary widely depending on the provider’s policies. 
Many merchants do not fully trust crypto currency yet, mainly because they may not completely understand it, but this is not all there is to it. One big issue business owners may have with crypto currency payments is the anonymity provided to the customer, as well as the lack of service in case of a payment issue. By choosing to work with a crypto payment gateway, these problems are totally eliminated. That way, even the most skeptical business owners can feel safe about their crypto currency transactions, and avoid driving potential customers away. 
Crypto currency coins are notorious for their extreme volatility, therefore trading in them poses the risk of a change in their value before the transaction is even validated. When operating with a crypto currency payment gateway, there is no need to worry about any such issues, because the value of your payment is fixed at the exact moment the transaction was initially conducted.
To an individual who has not studied crypto currency extensively, most of the above will probably make little to no sense. In this case, using a crypto payment gateway is even more vital, because it removes any need to have a deep comprehension of crypto currency to be able to provide it as a valid method of payment for your business services.

**The Best Crypto Payment Gateway**

The increasingly high demand for safe crypto currency payments has resulted in an abundance of payment gateways on offer. But, what are the criteria you should be taking under consideration, before making your final decision?
A very important aspect to consider when picking the right crypto payment gateway is the speed with which transactions are executed. These days, life is so fast, stressful and busy that the mantra ‘time is money’ holds very true. Now, more than ever before. So, picking a gateway which operates with speed and minimises down time is of the utmost importance for a successful business.
We have already talked about transaction fees and obviously, offering relatively low commissions should be one of the key factors when trying to decide on a crypto payment gateway.
Also, having an easy to navigate and pleasant user interface goes a long way, when dealing with crypto currency payments.
Last but certainly not least, transaction security is of the utmost importance. It is absolutely necessary to do a thorough background check of the provider of the payment gateway and make sure they operate in legitimate ways and high 
standards.
If there is one crypto payment gateway that meets all of the above requirements and provides even more, then it has to be the [NAGAX Crypto Wallet](https://nagax.com/int/crypto-wallet).
By choosing to work with NAGAX, you can rest assured that your business is in safe hands. That is especially true with the NAGAX Crypto Wallet, due to the sensitive nature of accepting payments in crypto coins. 
Thanks to its multi-layer technology which is a combination of the latest NPC Cryptography and hardware isolation, the NAGAX Crypto Wallet sets new standards for crypto currency security. Your only point of access to your NAGA Crypto Wallet is via a unique, encrypted key that acts as an impenetrable fortress against external or internal hacking threats.
At this point in time, NAGAX Crypto Wallet offers access to more than 20 blockchain protocols as well as over a hundred tradable tokens.
Finally, with the NAGAX Crypto Wallet you have the freedom to transfer your assets to another wallet or exchange them instantly without facing any problems whatsoever.
All of these features when combined with the seamless integration of the NAGAX Crypto Wallet with the rest of the services offered by the NAGA Group, make for an appealing package, suitable for beginner traders and veterans alike. 

**Benefits of Using a Crypto Payment Gateway**

Any successful business needs to stay up to date with the latest developments in technology and economy, in order to remain competitive. This has always been the case with the modern market and it is no different in the age of crypto currency’s dominance. By now, it has been made clear that crypto currency turned out to be more than a fad and that it is here for the long run. The number of crypto currency owners worldwide is currently at an all time high and studies have shown that the upward trend is only going to grow even more in the near future. Therefore, the rapidly increasing demand for crypto currency payments will make providing that option an absolute necessity for the future of your business. A smart business owner understands the need to be as adaptable as possible. In order to stay ahead of the pack, you need to be proactive and always be thinking forward. There are a plethora of tools that can be beneficial to a business and one of the most valuable ones is the crypto payment gateway. Deciding to use a crypto payment gateway for their business operations, allows a business owner to satisfy their customers’ crypto needs, even if they do not possess an adequate knowledge of the subject yet. That way you are essentially saving valuable time, while also eliminating any risk of losing potential customers that may otherwise have been driven away by the lack of crypto currency payment support. 
Crypto currency is a decentralized and unregulated form of currency, which makes it all the more unpredictable and difficult to manage. Accepting a payment in crypto by an anonymous, individual customer leaves you open to all sorts of issues and risks, without having anyone to turn to should any such problems occur. But, if you choose to use a gateway, its provider will be happy to assist you with whatever issues you may be facing at any given moment.
New crypto coins appear out of thin air literally each and every day, which makes it especially tricky to keep up with their enormous influx. However, most providers support a large number of crypto coins, making your business highly flexible without many currency or geographical restrictions holding it back. The importance of widening your business operating zones should not be underestimated by any means. Making your products visible and available for customers from all over the world, is guaranteed to help the expansion of your business. It is also very important to make the payment procedures for your business as streamlined and convenient for your customers as possible. Many businesses do not offer crypto currency payment methods. As a result, if you choose to utilize a crypto payment gateway, you will instantly be giving your business a unique edge against the competition. Such flexibility regarding payment methods, allows your business to target and actually reach a much wider customer demographic than what was initially possible.
By removing the ‘middleman’ in your transactions, the experience between business and customer is streamlined, making things just a little bit easier within the complicated web of crypto currency exchanges. Simultaneously, direct transactions with your client help in accelerating the entire process, which is very beneficial for both sides.

**A General Overview of Crypto Payment Gateways**

Any business should first and foremost be looking after their customers’ needs and convenience. Also, they should always be caught up with all current developments and new technologies bursting into the market and never be left behind the curve. Competition in the current market is especially fierce due to the health and financial issues that have been plaguing the world for the past few years.
Diversifying in your payment methods is paramount to always being at least one step ahead of your competitors. 
At this point, the introduction of crypto currency as a regular payment option looks to be an inevitability. Instead of actively opposing or even ignoring change, it would be much wiser to embrace it and adapt your business operations accordingly. 
Even if you still doubt the legitimacy of crypto currency as a means of payment, the use of a crypto payment gateway allows you to be receptive to it, without having to own or trade it. You could think of a gateway as a kind of translator for a language you do not speak or have the time to learn. 
The luxury of using a gateway for your transactions opens up new options for consumers as well as your business. Otherwise inaccessible customers will suddenly be within the reach of your services. Just like that. 
The implementation of crypto currency into your business has become easier than ever before, thanks to the work of experienced providers such as NAGAX. NAGAX can anticipate the needs of traders and consumers all over the world and is able to consistently deliver.
NAGAX Crypto Wallet offers a complete package, which is seamlessly integrated into their social crypto trading platform, [NAGAX](https://nagax.com/int). 
From excellent customer support, to full on, easy to digest and accessible lessons in crypto currencies. Everything a professional may need from their provider, is just a click away, thanks to 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.*

How to understand the uses and benefits of Crypto Payment Gateways and why you should be paying attention! Learn all about the reasons your business needs one.

Which Payment Gateway is Best for Cryptocurrency?

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**Take your First Steps into Crypto**

**Crypto Trading for Beginners**

Over the past few years a new ‘buzz’ word has been thrown around a lot. You have probably been constantly bombarded by ‘cryptocurrency this’ and ‘crypto trading that’. It is absolutely normal to be curious and wonder what the fuss is all about. 

[Crypto trading](https://nagax.com/eu) refers to the management of digital currency, with the intention of financially profiting. While they have some major differences, it is not entirely unlike stock market trading, which you probably are more familiar with. Crypto trading tends to be a much more volatile market, due to it still being somewhat in its early stages of existence. Ever since Bitcoin took the world by storm in 2009, thousands of other crypto coins have flooded the market, to varying degrees of success. 

Unlike flat currency, such as the dollar or the euro, crypto coins are not regulated by a single authority, like a country’s government for example. That being the case, prices for the same crypto coin tend to differ widely from market to market, thus creating many exploitable discrepancies.
All of the factors mentioned above contribute to crypto trading’s extreme instability, which in turn opens up the space for keen eyed investors to swoop in and take advantage.

**The Basics of Crypto Trading**
Before taking up crypto trading, one must first become familiar with its fundamental aspects. Let us take a look at the basics of crypto trading for beginners. [Crypto trading](https://nagax.com/eu) is the procedure of buying or selling digital coin assets in a market and aiming to turn a profit through successful trades. The core of a successful trade revolves around the central mantra of ‘buying low and selling high’. That could be accomplished through several different approaches that may fit different traders of multiple backgrounds and characteristics. 
Your initial introduction into the world of crypto trading can be very overwhelming and confusing. Despite that, there is no reason to worry, as analysts and years of experimenting by numerous traders before you, have resulted in an abundance of viable strategies you could employ to your own endeavours. 

[Crypto trading](https://nagax.com/eu) for beginners is actually much more friendly and inviting, as a novice does not need to be left to their own devices. Although, it is highly recommended to keep your foot on the figurative pedal, because leaving everything on autopilot and relying purely on outside help can only cause problems in the long term. Yes, these tried and true strategies may yield results rather quickly, but if you are not paying attention and learning about crypto currency, you will eventually run into a brick wall without any proper tools. Crypto trading is all about adequate knowledge of the subject, attention to detail and high adaptability. All of which, one could only hope to acquire through daily practice and studying. 

There are so many resources to take inspiration from, so many approachable lessons in crypto trading for beginners, it would be a huge waste not to take advantage of them. Effective [crypto trading](https://nagax.com/int/stake-ngc) is all about eliminating even the slightest of wastes, so why not start employing that to your education and make it a habit? 


**Step by Step Trading**

As helpful as guides and research can be, actually starting trading is an altogether different beast. Here are the very first steps in crypto trading for beginners:

First of all you will need to find an exchange platform, in which your trades will take place. We will go over the best platform for crypto trading and the benefits it provides, in a later section of the article.
Opening a trading account will require a bit more sensitive information than your average online profile (which is only natural for security reasons), but there is no need to worry. We have selected some of the best and safest [crypto trading platforms](https://nagax.com/eu) for beginners.

After successfully registering for a trading platform, you will need funding to be able to place bets. This can be done easily via debit cards or wire transfers, which tend to be the cheaper option. Most platforms offer multiple funding options, so getting your digital wallet started should be a piece of cake!

Cryptocurrency is a highly diverse market and it offers thousands of options when it comes to coins. You could opt for the relevant stability of major coins, such as Bitcoin or Ether, which makes anticipating their price shifts much easier for beginners and veterans alike. On the other hand, altcoins provide an excellent investment opportunity, since their extreme volatility makes them an ideal target for high gains. 

It is recommended that you do not dive into trading blindly. After all, you have a plethora of trading strategies at the palm of your hand, so why would you not utilise any of them? As is the case with most situations you could face in life, it is always better to be prepared than not. Do your homework, pick the strategy you think is right for you, take the time to really understand it and set your plans in motion. Moreover, a hopeful trader should never refrain from trying things out. It is all part of the process.

Last but definitely not least, you should consider where your assets will be stored to ensure their safety. The wallet you choose to store your assets could be either a digital or a physical one, with the latter providing the better security options.


**Trading Platform**

At this point, we have for the most part, expanded upon all of the basics. We can now confidently take a look at the more specific aspects of [crypto trading](https://nagax.com/eu) for beginners. First of all any aspiring trader needs to find a platform that suits their needs in order to begin trading.

Picking the right place to set up your ‘base of operations’ is a very important part of crypto trading, as you need to feel safe and assured about where you invest your hard-earned money. Otherwise, how could one hope to find the composure to make the right decisions at the most crucial of times? 

With [NAGAX ](https://nagax.com/eu) you can rest assured in safe hands. Any information you may be asked to provide when signing up for a NAGAX account, is strictly confidential and secured. Security has been priority number one for [NAGAX ](https://nagax.com/eu) from the start. NAGAX offers security of the highest possible levels for all its users, guaranteeing that every transaction,exchange or wallet within the platform is as safe as possible. With constantly changing security measures, traders of NAGAX have absolutely nothing to worry about.

Getting started is extremely easy, because NAGAX offers the ability to pay for the crypto of your choice via credit card.

One of the most impressive and helpful (especially for newcomers) features of [NAGAX](https://nagax.com/eu) as a crypto trading platform, is its naturally integrated social trading. Social trading allows you to analyse how the platform’s best performing traders operate and copy their strategies. Implementing a strategy used by more experienced traders is never a bad idea, but you should be cautious not to rely too much on copy trading.

NAGAX offers an impressive variety of [crypto coins](https://nagax.com/int/stake-ngc) for you to purchase and trade, as well as some high quality educational material that could be very useful to novice traders.

It is a part of the established NAGA group which has been successfully operating for over seven years, so you know the people behind this crypto trading platform can anticipate a trader’s needs.
To sum up, there is no reason to fret over having to choose a trading platform, because a platform that provides all of the above should be a no brainer!


**Trading Strategies**

No ‘crypto trading for beginners’ guide could be considered complete, without an analysis of the most efficient strategies available. We have chosen some of the most profitable, accessible and easily employable strategies that you should really try to understand and add to your ‘playbook’.
Most of the best strategies have been developed by analysts and extremely experienced traders who know exactly what they are doing. Although, you have to accept that strategies are not magic. They do not instantaneously solve all your problems, nor do they guarantee success. Even after understanding said strategies, it takes much practice and continuous effort to be as effective and successful as possible.

A great strategy for beginners is called DCA (Dollar Cost Averaging) and is also used by more experienced traders, which can only mean one thing. It may be simplistic but it yields results. What makes Dollar Cost Averaging such a good pick for novice traders is the fact that employing it does not require very deep knowledge or even an understanding of indicators and graphs, for that matter. 

Pretty much anyone can read about Dollar Cost Averaging and implement it immediately. 
So, what is Dollar Cost Averaging? DCA refers to the action of breaking up your asset investments into smaller, individual instalments. Instead of placing your whole investment in one bet, you divide it into multiple bets which take place within a predetermined time frame. What we hope to achieve through utilising the Dollar Cost Averaging strategy, is to minimise the risks a market as volatile as crypto trading may pose. By investing at set, frequent intervals we avoid most of the unexpected turns the crypto market takes every day. 

When diving into crypto trading for beginners, most people will generally have a better understanding of how people operate, rather than how the crypto coin market does. 

One could only assume that any strategy that could benefit from this understanding, would be the perfect fit for the inexperienced trader.
Here is where Event-Driven Trading comes into play. Event-Driven trading is quite easy to comprehend. Any major, public event that involves a certain crypto coin, is sure to have an impact on the general public’s opinion. For example, a news segment (either a positive or a negative one) covering a specific crypto coin, will have said coin step into the spotlight, thus triggering a change in its market value. You may wonder how these things correlate with each other, but it is actually pretty obvious when you think about it. Depending on the nature of the coverage many traders will decide to take action, by either buying or selling this coin. Which is exactly how an asset’s value rises or drops. 

Basically what you need to do in order to employ this strategy, is to keep up to date with all crypto coin news from all over the world and pick up on any buzz generated. However, in order to be successful you will need to react quickly and decisively, because even these trends tend to change in the blink of an eye. You will need to have your finger on the trigger to manage to take advantage of event-driven market swings effectively. 

  
**Buying and Selling Cryptocurrency**

The market of [crypto trading](https://nagax.com/int/buy-crypto) is highly unpredictable and volatile, more so than the stock market for example. Even so, there is one certainty about it and that is that it is not going away any time soon. In fact, studies have predicted an exponential growth for crypto coins over the next decade. That is why there is no time like the present to board the train and try to stay ahead of the competition. It may all seem a bit chaotic and daunting at first, but once you get your feet wet, crypto trading becomes exciting and potentially rewarding.

Despite that, it is of the utmost importance that you do not underestimate it or take crypto trading lightly. It is a ruthless market, where the competition is beyond extreme and huge losses are just around the corner for the unprepared and naive. 

In conclusion, cryptocurrency is a big part of the future and you could only benefit from getting acquainted with it as soon as possible. Respect the risks, but do not be afraid.

With proper knowledge of [crypto trading for beginners](https://nagax.com/int/buy-crypto) and an adequate preparation, you can take the leap of faith confidently and safely!

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.

Looking for information on crypto trading for beginners? Look no further and step into the exciting world of cryptocurrency with our cryptocurrency 101 guide!

Crypto Trading for Beginners: A Guide to Buy & Sell Cryptocurrency

Read the latest Market Analysis by NAGAX experts & gain insights from analysis of what's currently happening in the cryptocurrency market.


NAGAX Blog | Market Analysis

Market Analysis

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Curiosity is an integral part of our nature. Curiosity is what has been driving mankind into evolution for thousands of years. However, it can potentially be just as harmful when left untethered. Naturally, a subject as fresh and ambiguous as [crypto trading](https://nagax.com/) has piqued the interest of the general public. 
The thin veil of mystery surrounding the general concept of cryptocurrency makes it all the more alluring.

Everyone is familiar with the saying ‘curiosity killed the cat’, but its sentiment is not only applicable to our feline friends. 
While it will obviously not kill you, getting sucked into the world of crypto trading unprepared, may prove to be deceptively dangerous. 

Before taking up crypto trading, you should be asking yourself these questions:

### Is [crypto trading](https://nagax.com/) worth investing my time and money in? Is trading crypto actually profitable?

How you answer these questions is up to you, to a certain extent. 
There is no single, universal truth, but there are plenty of variables you could measure and numerous aspects you should be taking into consideration.

Cryptocurrency, as is the case with most investments, is risky. 
Realistically, you could see the value of your assets’ worth skyrocket or plummet in the blink of an eye. Studies show that most people are not very successful in their trading endeavours over the first few months. In a market as demanding and competitive as crypto trading, that is to be expected. 
The average trader will have to compete with more experienced individuals with access to better resources.

Nevertheless, these facts should not deter you from going after your ambitions. 
Most people will not be very successful at any task from the get go. As with any other hobby or occupation, trading effectively requires patience, knowledge and practice. Any content mentioned hereinbelow is purely for educational purposes and does not constitute investment advice.

### How could one hope to cherish the sweetness of victory, without having tasted defeat?

In the end, your gains from crypto trading are only limited by your own limitations.  
In this article, we will go through ways to overcome these limitations by analysing some of the most efficient trading strategies employed by millions of people. If you hope to come out of your crypto trading adventures unscathed, you should at the very least, be aware of them.

## **Day Trading**



#### What is day trading?

Day trading is one of the most commonly implemented strategies by traders worldwide. It refers to the action of entering and exiting a certain position within the same day. Doing so, allows us to take advantage of the extremely volatile nature of [crypto coins](https://nagax.com/int/stake-ngc) Successfully navigating market transitions can result in large gains in a very short amount of time. Even so, day trading is not as simple as it may sound. 

Becoming an efficient day trader demands an in-depth knowledge of the market, patience, and strict discipline in your decision-making. 

#### Is day trading crypto successful? 

To put it bluntly, it can be. Very much so. 
We have already established that success is measured (mostly) by your own abilities. There is no luck involved in trading effectively. However, there are so, so many variables to take into consideration. Probably more than the average person could ever hope to keep up with. Inevitably, that leads to leaving certain aspects to chance. At the end of the day, it is up to you to do whatever you deem necessary to stack these odds in your favour. 


## **Dollar-Cost Averaging**

We already went over day trading, a strategy best suited for quick gains because of its high risk - high reward nature. Now, let us take a look at the exact opposite of that, with Dollar-Cost Averaging. 
Dollar-Cost Averaging is a different kind of trading strategy, for those looking for a safer, long-term approach. It may not have the same potential as Day Trading, but it poses less of a risk.

What is called Dollar-Cost Averaging refers to the technique of investing a fixed amount on the crypto of your choice, divided into smaller instalments over a specific time period. Essentially what you do is, you decide on the amount you wish to invest in crypto, but instead of going all in at once, you break said amount into smaller pieces and invest them at standard intervals. 
What this strategy accomplishes is minimising the risk of each bet by lowering the amount of funds at stake, while also allowing us to benefit from potential market swings. 

One major downside to Dollar-Cost Averaging is the possibility of missing out on potential big gains, because of the strategy’s automated nature. However in the long run, Dollar-Cost Averaging will help improve your discipline and composure. Both equally crucial skills for any aspiring trader.

## **HODL**

It all started from a simple typo and it quickly became one of the most renowned strategies in the world of crypto trading. Implemented by beginners and veterans alike, HODL is a highly flexible strategy with all sorts of potential benefits.


#### But first of all, what is HODL? 

HODL, which quickly came to serve as an acronym for ‘Hold on for dear life’, is the action of buying an asset with the intention of keeping it in your possession for extended periods of time. In doing so, pressures that would inevitably stem from the extreme volatility which characterises the crypto trading market are for the most part, negated. 

The individuals who could stand to benefit more from utilising this strategy, are beginner traders. The extreme instability of the crypto trading market makes it especially hard to accurately predict and navigate effectively. While there are definitely opportunities to exploit in the short-term, an inexperienced trader will have a hard time identifying them, resulting in devastating losses. 

In a way, HODL is an acknowledgment of a trader’s own limitations. Opting for a safer strategy that filters out the day to day noise of the ever-changing market, allows us to diligently study its quirks and trends. The luxury of being able to confidently ignore the hype, is a huge boost to reaching an objective understanding of how the market actually works. 

FOMO (Fear of Missing Out) is a very common psychological phenomenon amongst inexperienced traders. Whether it is, panic selling when the prices start to decline or panic buying because of an asset’s rise in value, average traders are likely to let their emotions negatively affect their decision making.
By holding on to your investments over a long period of time, you can take your time to learn and really understand the ins and outs of the market, while still being an active part of it. 

It should also be noted that HODL is not a viable strategy for all coins. Due to its volatility, the crypto trading market is near impossible to predict in the long term. A fact which is even more true about minor coins. HODL works better with the most well established crypto coins, such as Bitcoin or Ether, because they are highly unlikely to plummet to zero, thus keeping your investments safe. 


## **Arbitrage Trading**

Arbitrage trading is yet another crypto trading strategy that could prove very fruitful. [Crypto trading markets](https://nagax.com/int/markets) are not regulated by any authority and so, unlike flat currencies like the dollar or the euro, there is not one single, standard price for any coin. Prices may differ widely from market to market, which in turn creates discrepancies that could be exploited by experienced traders.
In essence, arbitrage trading is the strategy of [buying a crypto](https://nagax.com/int/buy-crypto) coin in one market and selling it to a different one for a higher price. 


Most traders who are exercising arbitrage trading rely on some sort of software, designed to keep track of all market movements in real time and identify gaps in prices between markets. 
Another approach is going after less popular crypto coins, which tend to present better opportunities because of their extremely volatile nature. Their volatility is caused by the unstable flow of demand for them. 

When trading these less popular crypto coins, you need to realise that your exchanges have a much bigger effect on the market, than they normally would in a Bitcoin exchange for example. Due to the relatively low demand for said coins, minor exchanges may lead to price movements, which ultimately defeat our purpose of trying to exploit the gaps in asset prices. 

## **Event-Driven Trading**

Every market is affected by those involved in it, which means the mental state of crypto traders is an important factor that should always be taken into consideration before making a decision.

There are several techniques that take advantage of human nature, in an attempt to make successful trades. But, most of these are highly speculative or require deep understanding of market statistics and constant monitoring of its movements.

Event-driven trading on the other hand, is a much more beginner-friendly affair. Big events such as a news segment on a certain coin, can reach millions of households and in effect swing their views towards said coin. 
Any public event that sheds light on a [crypto coin](https://nagax.com/int/stake-ngc), whether in a positive or negative way, serves as a tangible way to anticipate an incoming price change and quickly act on it. 

## **Scalping**

One of the most common, short-term strategies employed by traders worldwide is often referred to as scalping. Scalping is the act of going after the tiniest price movement multiple times within the same day. Scalpers will buy an asset, only to sell it the moment its price goes up a cent. Due to the high volatility crypto coins exhibit, price movements are a very regular occurrence, allowing for traders to place bets with insignificant gains many times per day. Because of the high volume of exchanges, those previously insignificant gains could possibly pile up within a reasonable period of time. 

Scalping is often complemented by other strategies for higher efficiency. For example, many scalpers tend to go after coins that are currently under the spotlight due to some kind of public exposure (as we mentioned in event-driven trading). Said coins tend to be in high demand, which of course increases the volume of exchanges, creating the potential for numerous upward price movements. Also, those who want to scalp optimally should always be keeping an eye out for the more obscure and niche crypto coins available. That is because these kinds of [crypto coins](https://nagax.com/int/stake-ngc) are usually highly volatile, offering fertile ground for scalpers to sow the seeds and reap the much-wanted rewards.

Scalping effectively requires adequate knowledge of cryptocurrency and market trends, as well as very quick reactions and decisiveness. Even if you are not confident that you possess all of the above, practising scalping is one of the best ways to ‘unlock’ these qualities and achieve your full potential.

## **The Pursuit of Excellence**

The road to achieving your [crypto trading goals](https://nagax.com/) is not an easy or short one. There are no shortcuts or secret recipes. Finding your footing may prove difficult at first, because of its high ceiling in terms of knowledge and understanding. It is a long and arduous path, but with proper preparation and a will to improve every day, everything is possible. We have already established that as humans we all have our limitations. But our limitations are not what defines us. 
Those who, despite disappointments, will keep at it and persevere are sure to reap the rewards eventually. Rewards that should not be limited to financial gains, but personal ones as well. A healthy relationship with crypto trading will help improve your discipline, composure, adaptability and ability to thrive in the face of adversity.  It is normal and encouraged to always be on the look for ways to improve the returns of your investments.

*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.*

Do you ever find yourself wondering ‘Is crypto trading profitable’ ? If so, in this article we have all the answers you may need, so take a look for yourself!

A Deeper Look Inside the World of Crypto. What are Successful Strategies?

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The price movement since last Wednesday has mainly traded within a “price range” between $16,644 and $16,235. However, the price this morning has formed a bearish breakout reminding traders of the continued downward pressure. The cryptocurrency market has changed significantly since the 7th of November. This includes the price action, price influences and correlation. 

The strongest decline seen over the past week was experienced during this morning’s Asian session, where the price against the US Dollar declined by 3.14%. The price found support as the instrument declined below $16,000 and then formed a retracement correcting by 1.05%. The asset has been slightly supported by a higher risk appetite and weaker Dollar, but still remains pressured by the latest FTX developments. 

Since Friday, the cryptocurrency market capitalization has declined again from $825 to $819 Billion and the total volume for this morning’s Asian and European Session is $44 billion. The daily volume has increased by 23% which shows orders continue to be placed and the week ahead may be volatile. The total market share of Bitcoin has again declined for a consecutive week to 38.03%. 

# Bitcoin and Technical Analysis

When looking at technical analysis, most indicators and theories are pointing to the price continuing a downward trend. Indicators are signaling bearish movement in the medium term with a possible correction in the short term. The price at the moment is trading below most average price movements and Volume Weighted Average Prices. In addition to this, most moving averages have also all crossed downwards. The RSI only gave an oversold indication below $16,000 on timeframes below 2-hours.

The question is how low is the sector likely to fall before obtaining serious requests from buyers? Of course, analysts have different opinions and predictions. According to Bloomberg, most analysts and cryptoexperts believe the price will decrease to $13,000 at best and $7,000 at worst.

![Bitcoin 30 Min.PNG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Bitcoin_30_Min_712ad0f0b7.PNG)
*Bitcoin/US Dollar 30-Minutes Chart on November 28th*


# Bitcoin, FTX and the Market going Forward

So what is the concern and why is the price predicted to decline further? Well, even before the FTX developments, the cryptocurrency market was under immense pressure from interest rate hikes, high inflation and lower risk appetite. Though the FTX bankruptcy brought investor confidence and the risk appetite to a whole new low. The bankruptcy of the FTX platform resulted in millions of Dollars being lost by creditors and liquidity problems for other companies within the industry. According to Bloomberg, this includes Galaxy Digital and Sequoia Capital. FTX has advised they will return at least part of clients funds through the sale of FTX assets.

![Bitcoin 6 Hour.PNG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Bitcoin_6_Hour_597ac571af.PNG) 
*Bitcoin/US Dollar 6-Hour Chart on November 28th* 

On the positive side, the industry has positively reacted to safeguarding and regulations in favor of protecting investors. Many experts and market participants have already voiced the need for safety and confidence in the system. For example, segregated accounts and insurances. Most financial institutions around the world including members of the Bank of Japan, Janet Yellen and the Bank of England have advised the need to regulate the market in ways which will not disrupt the nature of cryptos. 

In addition to this, the Chinese Authorities are going a step further testing their own cryptocurrency. Last week the authorities confirmed further testing of CBDC. According to reports, 7 million citizens will receive the token and will be able to spend within the country even if the shop is a foreign franchise such as Mcdonalds. Traders are hoping this activity can slightly improve demand for digital currencies, especially at the current discounted price. 

In conclusion, we can see the pressures on the price is deriving from rate hikes, high inflation and of course the FTX bankruptcy. However, investors are hoping further innovation, a lower price and also a more dovish central bank may support demand within the first quarter of 2023.  


*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 conditions and not invest money that you cannot afford to lose.*



The price movement since last Wednesday has mainly traded within a “price range” between $16,644 and $16,235

Bitcoin Breaks out of “Price Range” and gives into Pressure

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We’re excited to share an important announcement with you! 

The tick size of NAGA Coin ($NGC) will be adjusted from 0.0001 to 0.000001 on 28th November, 2022 at 10:00 am (GMT+2). 

**Why is this happening?**

The adjustment will be implemented in order to increase market liquidity and improve the overall trading experience. As a result, the tick size of $NGC/USDT, which was previously 0.0001, will become 0.000001 as of the 28th of November, 2022.

**How does this affect my trading?**

The adjustment will not affect the spot trading operations of the aforementioned pair, nor the existing orders.

After the tick size is updated, orders placed before the update will be matched with the original tick size.

**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 can not afford to lose.*

Read the latest NAGAX news & gain insights from analysis of what's currently happening in the markets around the world.

NAGAX Blog | Updates

NAGAX Updates

The tick size of NAGA Coin ($NGC) will be adjusted from 0.0001 to 0.000001 on 28th November, 2022 at 10:00 am (GMT+2). 

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We’re Adjusting the NAGA Coin ($NGC) Tick Size!

# How to Rise Above the Competition

It has already been thirteen whole years since Bitcoin was first introduced into our lives. It may not have been the first cryptocurrency to ever be conceived but it was the one that made the world notice. Ever since that day in 2009, cryptocurrency has been an ever expanding web of opinions, misinformation, misconceptions and ulterior motives. Finding your way out of this labyrinth is no small task. How does one even decide where to learn crypto trading? In the infinity of the internet how do you know who is trustworthy and actually knows what they are talking about?  
There is no shortcut to acquiring reliable knowledge, simple as that. And knowledge is wasted without practice. All the theory in the world won’t help when it’s not implemented into your strategies. Knowledge and practice are two sides of the same coin, neither one of them can provide results without the other. The only way forward is through careful research, information filtering, and experimentation.

So, after scouring every nook and cranny of the internet, here is our answer to the question ‘Where to learn crypto trading?

![1 (4).png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/1_4_5750e75666.png)

What if I told you there is a unique platform which combines educational content, social aspects and a safe space to start trading?
Enter, [NAGAX](https://nagax.com/eu). 

[NAGAX ](https://nagax.com/eu)is a popular platform that offers a secure space for you to store and exchange over a hundred different assets. All these options are available to you in a powerful crypto wallet with affordable fees.
Here, you will also find an abundance of free, top-tier educational resources that are guaranteed to help you ‘up your game’.
However, what truly makes this platform one of a kind, is its integration of **social trading** into crypto exchanges. Social trading allows novice traders to take note of how more experienced traders operate and implement their strategies to their own exchanges. Social trading is a very useful technique for beginner traders, as it encourages good habits based on the strategies of those who have already tasted success in [crypto trading](https://nagax.com/eu/buy-crypto). It serves as a kind of blueprint, upon which one can build solid foundations. However, it is critical not to rely solely on copy trading. It may yield positive results quickly, but it can dull a trader’s instincts for crypto in the long run, therefore the function should be used with caution.
In [NAGAX](https://nagax.com/eu), you can learn and hone your abilities in the most efficient way possible as well as accelerate your rise in the world of crypto trading knowledge.

![2 (1).png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/2_1_23eb0ec8fb.png)

There are probably no platforms that provide more information or a wider range of topics than good old YouTube. Of course, a topic as popular as crypto trading would obviously be a part of that. What is great about YouTube is the freedom that it provides to independent creators all over the world, who are given a platform to speak their mind to anyone. Such freedom does not come without some downsides, though. Whilst there is a plethora of channels discussing [crypto trading](https://nagax.com/eu/buy-crypto), only a handful of them are actually worth your time. 

‘Where to learn crypto trading?’ Trying to answer that question when it comes to YouTube channels is not dissimilar to looking for a needle in a haystack.
One would have to go through dozens upon dozens of uneducated or biased (if not outright malicious) videos, before actually finding a proper source of information.

Instead of putting yourself through that ordeal, why not consider our favorite picks of the bunch? 

After thorough research and careful consideration, some knowledgeable content creators are Coin Bureau and Andreas Antonopoulos. 
Both have become household names in the world of cryptocurrency and are names that probably ring a bell to most. Which is totally justified, as they both provide highly educational content in easy to understand ways. Not to mention, they have published huge amounts of quality content, so it doesn’t matter what your question may be. They have already answered it.
[Crypto trading](https://nagax.com/eu/buy-crypto) is a fierce competition and if you’re going to ‘survive’, you’re going to need every tool you can get your hands on. These channels cover everything from the basics to more nuanced concepts that will give you the edge over the rest of the trading world.

![3 (2).png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/3_2_6b5a6b697e.png)

Does the idea of not only learning, but actually being rewarded for it sound appealing? Then, look no further than Coinbase Earn. When trying to figure out where to learn crypto trading, Coinbase Earn is always an attractive choice, because of its unique reward system. Simply put, you watch educational videos on the crypto of your choice, you fill out a test and earn an amount of crypto for yourself. If it sounds like a sweet deal, that’s because it is.

On a more serious note though, what is especially great about this system is that it incentivises a more hands-on experience because of the quizzes provided by the platform. The results of your tests serve as a more tangible measure of how much of the stuff you watched, you actually comprehended. Understanding the ins and outs of cryptocurrency is an ongoing procedure, but these sorts of tests can assist you in properly monitoring your progress. 
What is even more crucial in Coinbase Earn’s crypto returns, is the fact it allows novice traders to test the waters, without having to risk their hard earned money. 

Many beginner traders are initially hesitant to engage in crypto trading, because they’re concerned about the risks involved. That attitude is not necessarily a bad one to have, but it can certainly cause an aspiring trader’s growth to stagnate. Understanding crypto trading from a theoretical standpoint is ever so important, make no mistake, but the truth is that there is no substitute for the real thing. A trader needs to ‘get their hands dirty’ to truly grasp the pulse of the market. 

Well, in this case you can practice crypto trading, learn about it and risk nothing.
Win - win - win!

# Learn Crypto from the Best

One of, if not the most crucial factor about an information source, is its reliability. The internet is quite literally an endless stream of information, which only makes it harder to distinguish what is worth your time and what is not. Our next suggestion is a particularly hard one to make a case against.

‘[Blockchain and Money](https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/)’ is an online course accessible to anyone on ‘MIT Opencourseware’. MIT has been a pillar of excellence and education for over a hundred and fifty years. So, the opportunity to learn from one of its courses regarding cryptocurrency at your own leisure, should be a no brainer.

‘Blockchain and Money’ features twenty-four lecture videos, taught by professor Gary Gensler in a rather approachable manner. You won’t need a degree in economics to be able to follow the lecture. It was actually taught in MIT in the fall of 2018, which means it is still up to date with what is going on in the world of crypto trading. 

The ‘Blockchain and Money’ free, online lecture comes complete with PDF lecture slides, if you’re more of a reading person. It also features a very extensive ‘recommended readings’ section for each part of the lecture, which greatly enhances your understanding of the topic. Not to mention, this helps us answer our question of ‘where to learn crypto trading’ even more. After all, who could be better at picking out what is quality material amidst an ocean of unfiltered information, than an MIT professor?

Each topic of the lecture is divided into clear, straight to the point questions. Trying to answer them is great practice for those aspiring to learn as much as possible and is also an excellent way to accurately tell how well you have actually understood the subjects at hand.

Opportunities like this, should not be missed by anyone hoping to learn the ins and outs of the cryptocurrency industry from the best sources available.


![4 (1).png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/4_1_a50e92b133.png)

Crypto trading may be the epitome of a modern study subject, but who says you can’t mix modern and traditional? 
Books have been written about every topic under the sun and a subject as sought out as [crypto trading](https://nagax.com/eu/buy-crypto), could not be omitted. So naturally, books can just as well be the answer to the question ‘where to learn crypto trading’.

First up, we have ‘[Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude](https://www.google.com/search?q=Trading+in+the+Zone%3A+Master+the+Market+with+Confidence%2C+Discipline+and+a+Winning+Attitude&oq=Trading+in+the+Zone%3A+Master+the+Market+with+Confidence%2C+Discipline+and+a+Winning+Attitude&aqs=chrome.0.69i59j69i60l2.852j0j4&sourceid=chrome&ie=UTF-8)’ by Mark Douglas. This book is highly acclaimed by readers and critics alike and for good reason. It touches on the psychological aspects of trading, instead of focusing on a technical analysis. There are various sources for a novice trader to reliably learn about the technical basics of crypto trading. But not as many expand upon the influence human psychology has to crypto trading. We are not machines and neither is the market. The market is comprised of individuals as a part of the general public. Those struggling to turn a profit from their ventures in cryptocurrency. Hence, it is very much affected by the mental state of people.
When it comes to crypto trading, understanding how the human mind works is equally vital and Douglas makes you realize exactly that.

Back on the technical aspects of cryptocurrency, ‘[Mastering Bitcoin: Unlocking Digital Cryptocurrencies](https://www.google.com/search?q=Mastering+Bitcoin%3A+Unlocking+Digital+Cryptocurrencies&oq=Mastering+Bitcoin%3A+Unlocking+Digital+Cryptocurrencies&aqs=chrome..69i57j69i60.992j0j9&sourceid=chrome&ie=UTF-8)’ by Andreas Antonopoulos is a must - read. While it may not be very beginner friendly all the way through, it is essential for any aspiring trader to go through it at least once. Antonopoulos is truly a master of explaining everything down to the very last detail in a comprehensive way that will most definitely keep you invested. Once you have a good understanding of the basics of crypto trading, we suggest you read this book. You’ll be surprised at how much it will make you reconsider the things you thought you knew. It may sound discouraging to suggest you should read through a heap of information, only to have a single book subvert your understanding of it, but that’s intentional.
 After this procedure you will only be all better for it, because it help emphasize a very important lesson:

You will never know everything and complacency is punished.

All the valuable lessons you have learned are useless if you don’t apply them to your methods. The best way to make this knowledge a part of you is through practicing crypto trading. The best thing you can do is to trust yourself and go buy, sell and trade crypto. As we already established, you will never know literally everything and mistakes are part of your growth, so don’t hesitate to put your knowledge to the test!
Even if you reach a level where you are satisfied with your knowledge, you should never stop asking the question you are trying to answer now:
Where to learn crypto trading?

# Buy, Sell & Trade Crypto Effectively

At the risk of starting to sound like a broken record, we’d like to reiterate the importance of applying your gained knowledge to active trading. The best way is by continuously doing your own research.
You will also find it much easier to pinpoint your mistakes and weaknesses and nip them in the bud. Traders who dive headfirst into [crypto trading](https://nagax.com/eu/buy-crypto) without proper knowledge, tend to develop harmful habits that get progressively harder to shake off. After all, you can’t fix something, unless you know it’s broken. Even the most minute details may prove catastrophic and snowball into huge losses and may deter once hopeful traders from realising their dreams.

Anticipating market flow, reading graphics of market trends, taking advantage of pair trading opportunities. All of these vital skills can only be acquired through studying all of the resources cited above, as well as practicing on trade exchange platforms.

# Where to Learn Crypto Trading?

This is a question without a single, definitive answer. It is a question you should keep revisiting frequently along your crypto trading journey. Cryptocurrency is a rapidly evolving industry, therefore knowledge you have acquired in the past may become obsolete after a while. To be successful as a trader, you should always keep up with current events in the market, while also remaining as impartial as possible. It is definitely a thin line to walk, but it is manageable for one with the necessary knowledge and a composed psyche.

Also, remember to take everything you read with a grain of salt, as no source will ever be a hundred percent unbiased. Even if the information a source provides isn’t driven by the financial gains of those behind it, people are people. Our thoughts and actions will always be affected by our emotions to a certain degree. Our goal when asking ‘where to learn [crypto trading](https://nagax.com/eu/buy-crypto)’ is to gain the necessary tools to minimize sentimental influence over our crypto trading decisions.





*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.*

In this article you‘ll find all the answers about where to learn crypto trading. Find the best sources available and how to turn this knowledge into profit! 

Where to Learn Crypto Trading: Buy Sell Trade Cryptocurrency

Read the latest Crypto news & gain insights from analysis of what's currently happening in the markets around the world.

NAGAX Blog | Crypto

Crypto

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Crypto trading has taken the world by storm over the past decade, but the basic concepts of how crypto trading works still elude the vast majority of people. Everyone has heard of Bitcoin by now, but you’d be surprised by how little people would be able to offer a comprehensive explanation as to what that actually is. The fact you looked up this article suggests that you also fall in the category of those struggling to grasp the essence of how crypto trading works. Fret not though, because in this article we will be going through a step-by-step introduction to how crypto trading works.

The term crypto trading refers to the attempts of an individual (or group) to correctly guess the flow of the market regarding a specific cryptocurrency and act accordingly. [Buying or selling coins](https://nagax.com/int/markets) at the right time is how an aspiring trader strives to generate a profit for themselves. 


Of course, It cannot be stressed enough that, as is the case for pretty much every other sort of investment, the risks involved in trading cryptocurrency are too great for the uninformed.

Understanding the fundamentals of how crypto trading works, what factors may affect the market and how to properly utilize certain tools is of the utmost importance for a trader. 

Diving into the world of the cryptocurrency market without actually understanding how crypto trading works, may as well be considered very risky. It is not hard to make the argument that a well informed guess, while not a certainty, is the far safer option.

The very basic essence of the aforementioned strategies is to anticipate whether a coin’s value will rise or drop and act on its movement beforehand. Just like with any other kind of asset, you want to [buy coins](https://nagax.com/int/markets) when you believe their value is about to rise and sell them when decline seems imminent. 
Although, this is mostly an oversimplification of how crypto trading works, as there are plenty of other variables in place. Said variables when combined with other factors that we will be covering in later sections of the article, tend to make things a bit more complicated. 


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How does margin [trade crypto](https://nagax.com/int/buy-crypto) work? First of all, we need to clearly define what exactly margin trade crypto is. Basically, a margin trade is the act of borrowing coins in order to try your luck in more trades or just a single bigger one. You don’t need a large sum to be able to make trades, as you can enhance said sum by borrowing underlying coins and use them as leverage for your next move.
 
Margin trade crypto is considered a high risk - high reward strategy, since it can amplify both potential gains and losses in an instance. 

A fair question that may come to your mind while reading this is ‘how is it possible to risk someone else’s money for my own profit without any repercussions’ ? 

That is where the liquidation price comes into play. There’s a fixed liquidation price set for its asset given the specific conditions of the trade it’s involved in. When the market reaches that price, the trade will automatically close a position. Liquidation price guarantees that the money lost on a failed trade is the trader’s own money and not the money they borrowed as part of the margin trade.

Let us provide an example to help you understand this better.

Let’s say you buy a token of crypto for 20$ and decide to do a margin trade with double leverage. In this case, you have bought a token with 20$ of your own money and have borrowed an additional 20$, for a total of 40$. In this scenario, the liquidation price would be set at 20$, when normally it would be 0$.

Why is that?
Because, by doubling your initial investment through borrowing money, you have effectively doubled your potential gains as well as losses. Normally, for all of your investment to be lost, the price of the coin would have to drop to 0$. 

It may all sound very complex, but the formula to calculate liquidation price is actually very simple. All you have to do is divide 100 by the leverage (meaning the size of the margin trade). So, 100 by 2 equals 50. Therefore, the liquidation price is set to 50% of the total price (40 by 2 is 20). 

In conclusion, if the coin’s price reaches 20$ (instead of the initial 0$), the exchange closes, securing the loanee’s funds. 
Margin trading is not recommended for beginners as it requires thorough knowledge of the market and lightning quick reactions because of the volatile nature of cryptocurrency. 
*Margin Trade Crypto is available for countries outside Europe.


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Now that you are starting to have a better understanding of how [crypto trading](https://nagax.com/int/buy-crypto) works, let’s get into something a little more advanced. 
A common question among those who start to delve into cryptocurrency is how pairs trading works in crypto. The headline is as simple as it sounds. Pairs trading in cryptocurrency refers to the action of trading two different assets for each other in an exchange. It should be noted that not all cryptos are compatible with each other, meaning that not every exchange is possible. In addition to that, certain cryptocurrencies can only be acquired through trading with other cryptocurrencies. 

Understanding and knowing crypto pairs is a fine art, that while not essential for a novice, it provides an experienced trader with the edge needed to be able to generate profit more often than not. For example, a trader with deep knowledge of pair trades will be able to take advantage of a possible difference in asset prices. 

Also, with this knowledge it is much easier to diversify your asset portfolio, which makes you much more adaptable to any situation and increases your chances of success in this wild market. 
Another important aspect of pairs trading is base currency. As mentioned above, most cryptos don’t offer pair trades for all other cryptos. So, before venturing into pairs trading, one needs to ascertain which assets are accepted for the specific coin they seek to acquire. The accepted crypto you choose for your exchange is your basic currency and it’s used to compare the rate of a coin in relation to another one.


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Once you’ve familiarized yourself with the concepts mentioned above, the natural next step would be to put your knowledge to good use. Of course, turning theory into practice without any hiccups is easier said than done. 

First things first, you’ll need an account on [NAGAX](http://nagax.com). When opening a trade exchange account, you are required to provide sensitive information. Since we’re dealing with virtual stocks after all, signing up couldn’t possibly be as straightforward as opening a social media account for example. Your personal information is obviously, confidential and private, but it is necessary to avoid potential frauds and discourage individuals looking to exploit the market in any way.

To invest in crypto you first need to acquire crypto, thus you will need to make a deposit on your account. This can be done easily via credit or debit card on most platforms. 

Now your trading journey begins. You may understand how crypto trading works to a certain extent, but actually getting started can be overwhelming. Choosing an asset in a sea of possibilities is a daunting task for a beginner. What you need to understand is that the largest and most common coins, such as Bitcoin or Ether, tend to be more stable than other, more niche alternatives. Bitcoin is by no means a guarantee for success or the sole option to kickstart your trading endeavors, but it certainly is a good way to ease yourself into cryptocurrency. 

You can either trust your own acumen and try navigating the market actively or you could entrust your funds to a trading bot. Trading bots are very commonly used, especially among beginners, since they are designed to adjust to your specific needs and pursue the best returns in the most efficient way possible. There are also customization options to ensure the automation works in a way that best suits your needs and ambitions.


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Understanding how [crypto trading](https://nagax.com/int/buy-crypto) works is paramount to your attempts to analyze the market’s flow and being able to catch up on its trends in time to take advantage of them. 

Whilst the general idea of ‘the market’ may sound intimidating and technical, that is not entirely true. After all, the market is not some complex software, but the people involved in crypto trading. The movements of the market are affected by the actions of the ‘big players’ and the reactions of the average trader. The ‘big players’ are those who have invested very large sums of funds in cryptocurrency, whose moves tend to swing the market one way or the other. 

Every kind of market can be monitored and analyzed. The cryptocurrency market is of course, no exception. Certain statistics, when tracked over long periods of time, tend to make patterns and habits more apparent.
The flow of how crypto trading works is obviously not predetermined, but it’s also not entirely unpredictable to the well trained eye.

The ratio of buying orders to selling orders is what determines the direction of the market at any given moment. An increased number of buying orders leads to the rise of prices of assets, while a large number of selling orders results in the exact opposite. Spotting those increasing or decreasing patterns in time and acting accordingly is the key to being a successful trader.

The cryptocurrency market is however, not a constant roller coaster. Usually, after a sharp rise or dropoff in value, assets tend to be more stable, which leads to what is called ‘consolidation’. Consolidation occurs when trades start to temporarily stabilize within a certain spectrum of prices and volatility is lowered. 

We mentioned earlier that the market is not a lifeless entity or a kind of software. The market’s existence is more akin to a collective subconscious. It is the actions of people that drive the market, which means that psychological factors should most definitely be taken into account. The relationship between prices and traders is a vicious cycle. The price of assets influences the psyche of traders and their decision making and vice versa. 

Traders are human beings with feelings, hopes and fears and as such are subject to mood swings. Because of that, it is vital for an aspiring trader to learn to rely on their own knowledge and understanding of how [crypto trading](https://nagax.com/int/buy-crypto) works and not let their feelings dictate their choices. Obviously, this is a skill you could not hope to have from day one, but it is highly important to try and train yourself to be as calm as possible.

In summary, the world of crypto trading is as deep and complex as it is exciting and potentially rewarding. However, it should not by any means be taken lightly, as poor understanding and impulsive movements could result in large losses very quickly. 

Before deciding to take the plunge and try your luck in crypto trading, make sure you are in a good state of mind. Also, try to have a firm grasp of all of the essential components of crypto trading, in order to avoid running into unexpected situations unprepared. 

Good luck in realizing your ambitions!

*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.*

Understanding the fundamentals of how crypto trading works, what factors may affect the market and how to properly utilize certain tools is of the utmost importance for a trader. 