The Truth About Crypto Traders

Looking for advice about cryptocurrency?  Whether you’re looking to invest, trade or mine cryptocurrencies then it’s important to know the facts about crypto traders.

 

The Public Face of Trading

The truth about crypto traders is that they are people just like you. They’re not aliens from another planet, and they’re not all a bunch of criminals. They’re just regular folks who want to make money by trading cryptocurrencies.

Crypto trading can be incredibly lucrative, but it’s also risky—and it’s not for everyone. If you’re thinking about getting into crypto trading, here are some things to consider:

Cryptocurrency trading is not like traditional stock trading in many ways. For example, there is no centralized exchange where all cryptocurrency trades happen; instead, the exchange happens between two parties directly (peer-to-peer). This means that there isn’t an intermediary who takes care of all the paperwork and fees associated with traditional stock trading.

The fees associated with cryptocurrency transactions are also lower than those associated with traditional stock transactions—but that doesn’t mean they don’t exist! Most cryptocurrency exchanges charge a fee for every transaction made through their platform, which can vary depending on how much money you’re moving around or how often you make trades on the platform (the more transactions made per day or week, the cheaper each transaction will be).

 

How many crypto traders are there?

There are roughly $10 billion in cryptocurrency traded every day. And there are more than 1 million registered crypto traders.

But what does this mean?

We’ll break it down for you:

A single bitcoin is currently worth about $4,300 and can be bought for about $4,000 (although the price fluctuates daily). So for every bitcoin that changes hands, there’s about $4,300 that changes hands.

In other words, there are about 1 million bitcoin traders out there—and that’s just one currency! There are dozens of others that people trade in as well—the most popular being ethereum and litecoin.

 

Who is the typical crypto trader?

The typical crypto trader is a male, between the ages of 25 and 34. They are likely to be college graduates, and they work in an office setting. They also don’t have a whole lot of money to invest—most crypto traders only have about $20,000 to $30,000 in their portfolios.

The most popular way for these investors to make money with cryptocurrency is by day trading (buying and selling quickly), followed by holding onto coins for the long term.

 

What else do we know about them?

We also know a bit about the typical crypto trader.

They tend to be younger than other types of traders, and they’re more likely to be male than female. They’re also more likely to have a college degree than the average person.

One interesting fact: The majority of crypto traders are actually employed in other industries. They don’t just trade cryptocurrency full-time—most people who trade crypto do it as a side hustle or on the side of their regular job.

 

Any other facts and figures worth noting?

The Truth About Crypto Traders

Crypto traders are a unique breed. They’re not like traditional investors or traders, and they certainly don’t act like your typical investor or trader. But when you really get under the hood and look at what’s going on, it turns out that crypto traders are actually no different than anyone else: they just have a different set of tools to get their job done.

One tool that is particularly important to crypto traders is the ability to find other people who have similar interests and goals. This is what makes the cryptocurrency community so special—there are so many different people with so many different goals and interests coming together in one place. And that means that there are more opportunities for collaboration than ever before!

 

It’s a global market.

Cryptocurrency is a global market.

It’s a fact that many of us who have been trading crypto for a while know, but it’s still important to remind ourselves of the fact. When you look at the top ten cryptocurrencies by market cap, you’ll see that they are all international. The first three are Bitcoin (USA), Ethereum (Switzerland), and Ripple (UK). The other seven are two Chinese cryptos, one Korean crypto, one Russian crypto, one Indian crypto, and one Australian crypto.

This means that no matter where you are in the world—whether it’s America or Asia—you can trade digital currency. And as long as your government allows you to buy and sell cryptocurrency, then there’s nothing stopping you from doing so!

 

You need a trading plan.

It’s time to get serious about your trading strategy.

If you’re just starting out in the world of crypto trading, you might be tempted to dive headfirst into the market without a plan—but we’ve got some bad news for you: that approach is not going to work. If you’re not careful, your trading habits could end up costing you thousands of dollars, and even worse, it could cost you your reputation as a trader.

We know that this is hard to hear, but trust us: if you want to succeed in crypto trading, you need a plan.

 

Time to get serious

It’s time to get serious.

You’ve been playing around with crypto trading. You’ve made some money, maybe lost some, and now you’re out of coins. You’re ready to be done with this game—but can you really leave it behind? Should you?

The answer is no: not yet. It’s not time to call it quits on crypto. There are still plenty of ways for you to make money from cryptocurrencies and the blockchain technology that drives them, and we’re going to show you how.

 

Learn what it takes to become a pro.

Being a crypto trader takes time, effort, and persistence. Each element depends on the other to work in unison. Quality research is, therefore, essential to help you spot trends and stay ahead of the market. There’s no one right way to do it, but there are plenty of wrong ways. That’s a big reason why we wrote this guide: to help you assess your situation and make decisions based on the facts instead of hype.

 

wdt_ID#SYMBOLForex BrokerWebsiteYearRegulation
11FBSOpen an Account2.009IFSC, CySEC, ASIC, FSCA
22EXNESSOpen an Account2.008CySEC, FCA
33OCTA FXOpen an Account2.008SVG
44INSTA FOREXOpen an Account2.007VI FSC, CySec
55FX OPENOpen an Account2.008CySEC, FCA
66AXIOpen an Account2.008CySEC, FCA
77FX PRIMUSOpen an Account2.008CySEC, FCA
88HFMOpen an Account2.010CySEC, FSC, FSB, FCA, BaFin, DFSA
99FXTMOpen an Account2.011CySEC, FCA, IFSC
1010JUST FOREXOpen an Account2.012IFSC
1111CAPITAL.COMOpen an Account
1212TASTY WORKSOpen an Account
1313MOOMOOOpen an Account
1414AVATRADEOpen an Account2.006MiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC
1515EASY MARKETSOpen an Account2.001CySEC, MiFID, ASIC
1616EIGHT CAPOpen an Account2.009ASIC, VFSC
1717FP MARKETSOpen an Account
1818HYCMOpen an Account1.977CySEC, FCA, MiFID, DFSA, SFC
1919ICMARKETSOpen an Account
2020IRON FXOpen an Account2.010FCA, ASIC, FSCA, CySEC
2121LITE FINANCEOpen an Account
2222REVOLUTOpen an Account
2323IGOpen an Account
2424MONETA MARKETSOpen an Account
2525AMARKETSOpen an Account2.007The Financial Commission
2626PEPPERSTONEOpen an Account2.010CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA
2727PLUS 500Open an Account
2828TICKMILLOpen an Account2.014FCA UK, CySEC, FSA Seychelles
2929TMGMOpen an Account
3030TOP FXOpen an Account
3131TRADE NATIONOpen an Account
3232TRADE 360Open an Account2.013CySEC
3333VANTAGEOpen an Account2.009CIMA, SIBL
3434VT MARKETSOpen an Account
3535XMOpen an Account2.009ASIC, CySEC, IFSC