The internet trading business began to gather up steam in 2005, and the most recent instrument to be added was the crypto sector in 2009. Since then, the crypto sector has experienced remarkable growth and popularity within the investment community. For the very first time in the history of online trading, a product was launched that enticed more commoners than regular investors. The cryptocurrency business has been active for more than a decade, and its popularity continues to rise. It has developed as one of the most successful and profitable assets in the whole online trading business. The bitcoin sector had shown its real power during the epidemic when individuals lost their jobs and turned to cryptocurrencies as their major source of income.
The bitcoin sector has achieved more than 90% of its entire adoption and growth since 2009. Many instances have surfaced throughout time, demonstrating that cryptocurrency is a highly profitable sector. However, it is also evident that not everybody is wealthy when trading cryptocurrencies. While the majority of investors profit from the sector, some investors are unfortunate.
digBITex’s solid reputation in online trading provides every trader mental peace that they are using a broker that they can trust all the time without any worries.
Algorithmic trading is one of the most recent services on the digBITex website and has grown in popularity among internet traders. In case you don’t know what it is, you give a software program certain trading commands, which it then utilizes to evaluate and execute transactions on your behalf. This helps you save time because you are not conducting any of the trade yourself. Furthermore, when you utilize the digBITex Algo trading function, you ensure that you are maximizing the trading possibilities because the software program operates at a rapid speed to place a trade. You may easily increase your revenue and investments this way.
Furthermore, all transactions made using Algo trading will be very accurate because there is minimal possibility that the algorithms will make any type of error when evaluating various price trends.
Fees Are As Low As Possible
Because many brokers charge large commissions in addition to wide spreads, your profitability will suffer significantly! Because you are giving much of your profits to your brokerage, your returns will be smaller than planned. As a result, every trader wants to join a broker with minimal brokerage charges and spreads.
It should be mentioned that digBITex is an outstanding demonstration of such a platform, with low spreads and fees. The spreads are quite reasonable, and the broker charges virtually no commissions. Aside from that, there are no transaction fees while making fund withdrawals on the site. Furthermore, there are no secret costs of any type that the broker might cost you at the eleventh hour. So you can be confident that digBITex will not take advantage of you when you least expect it!
Customer Service team
Customer service is one of the essential aspects of a reliable and efficient online trading platform. Customer service helps customers with anything they need when they need it. As a result, the customer support staff of a broker must work carefully to guarantee that users’ trading experiences are as seamless as possible.
The digBITex customer services are available 24/6 and strive to do all necessary to assist its traders that trade on the platform. If you opt to choose digBITex, you may approach them for any help you require. Whether you need help with something or have a simple inquiry, their staff will always be there for you.
Their staff is professional in all areas of online trading, so you can be confident that any advice they give you will be completely correct. To reach the digBITex client service, you may phone them, fill out the application on their webpage, or send an email stating your query or issue. Following your submission, one of their representatives will contact you and guide you to the solution. It’s very easy and excellent!
Methods Of Deposit And Withdrawal
It is usually beneficial for online traders to have various payment methods available to them. As a result, you can choose whichever banking solution is most appropriate for you. t When working with digBITex, you have the option of paying with card payments or bank transfers. There are also third-party payment solutions accessible, such as Skrill, that most users prefer due to their great efficiency.
However, in my perspective, the credit or debit card option is better if you need to make a quick purchase. You will be ready to transfer your funds to your trading account the same day. The selection of banking methods is entirely up to you.
Another amazing advantage is that irrespective of the payment method you choose to complete your purchase, you will receive an email notification. This notification will include the amount and time of the payment, enabling you to maintain track of all your trade money at all times.
Additionally, selecting your preferred banking option is fairly straightforward. Simply press a few keys and enter the transaction amount. You will not face any hassle of completing out long and complicated payment forms, which may take a long time and are irritating. You only need a few clicks to complete your payments on the brokerage platform.
Keep Pace With Market Trends
After you’ve chosen a trustworthy and accessible cryptocurrency platform, you may begin trading and benefiting from the marketplaces and their patterns. You must stay up to date on the crypto markets and the newest developments. This type of knowledge might help you clear your mind and make the correct decisions at the appropriate moment. This allows you to make several most advantageous judgments, which will ultimately help you earn large sums of money.
When it concerns cryptocurrency transactions, it is one of the most significant and crucial elements. There will always be something happening in the crypto space, and an event may influence your traded asset, either directly or indirectly. This allows you to exit transactions at the appropriate time and avoid losing your investments.
Steps Of Online Trading
While doing online transactions, the following steps must be kept in mind:
- Find A Reliable Cryptocurrency Broker
The first task is to identify the proper cryptocurrency broker, such as digBITex. There are dozens of cryptocurrency brokers claiming to provide the finest services and biggest returns. Sadly, not many crypto brokers stay true to their promises and assurances. Almost all of the time, these firms do it to entice you to register their platform and allow them to take money from you.
As a result, before you discover a platform, you must be extremely cautious regarding the claims made by the trading platform. If it makes that many claims, it is preferable to use an alternative broker.
- Find The Best Cryptocurrency
The next step in starting to trade in the cryptocurrency market is to identify the correct cryptocurrency. Currently, more than ten thousand cryptocurrencies have been launched into the cryptocurrency world. However, this does not imply that every currency is beneficial and rewarding. As a result, your first step should be to identify the proper cryptocurrency that will be profitable and rewarding for you in the long term. At present, some of the most popular and expensive cryptocurrencies include Bitcoins, Binance Coin and Ethereum.
Litecoin, Ripple, and Dogecoin, on the other hand, are popular yet inexpensive cryptocurrencies.
At the moment, these cryptocurrencies have the most market valuation and demand. As a result, you may go with either of them, and you can also analyze the marketplaces and patterns of each of them.
- The Top Stock Trading Errors to Avoid
When trading online, every trader is a human, which means they are motivated by their emotions, particularly greed and fear. It makes no difference how many graphs you remember; nothing will help you unless you choose the correct methods. If you want to be successful, you must first grasp the rules and identify the faults that should be averted. It’s easy to get caught up in the moment, but avoiding the following five stock trading blunders is critical if you don’t want to suffer in the long term:
- Investing In Equities Without A Strategy
Many traders initiate a transaction with the belief that the share price will rise as quickly as they do so. If you’ve ever traded, you’ll know that this is quite unusual. When situations don’t go their way, traders worry and allow their emotions to take over. The share price collapses, and they know. As a result, before purchasing any stock, you should have a strategy in place.
This is where digBITex educational material comes to help guides the traders to avoid such costly mistakes.
- Not Reducing Your Losses As Soon As Possible
This is one of the primary causes of most traders’ losses. It’s a human error since no one likes to acknowledge they’re incorrect. While this may be advantageous in some circumstances, failing to confess your faults in stock trading might lead to even greater losses. If you make a mistake, you must leave immediately or pay the consequences. Keep in mind that no investor in the online market is completely accurate. You just must cut your losses as soon as possible.
digBITex account executive will guide you on what to choose and what steps are recommended, so the risk of failure is minimized.
- Taking The Volume Into Account
Before making a choice, stock traders must examine both the price data of stock. Many traders make judgments based solely on price and entirely disregard volume; it is a huge error. Keep in mind that volume always justifies pricing. If a stock is trending in one way, it should be associated with a high volume. If a stock rises on little volume, it is likely due to hype, which you should avoid.
- Trading With Very Big Position Sizes
During stock trading, you must consider the position size in mind. You should never bet much more of your money on a single asset. digBITex offers multiple tools to diversify your trading portfolio. When you first start trading, you can start with a little investment, but it is never a good idea to gamble your entire account on one asset unless you are prepared to start over. Always utilize risk management methods and sound judgment and avoid putting all of your money into a single deal. Use modest position sizes to test your trade laws and tactics, and then fine-tune them as needed.
digBITex Cryptocurrency Offering
digBITex offers three prime cryptocurrencies, ETH, DOGE, and XRP, to trade-in. Although the cryptocurrency sector is presently experiencing a downfall, this does not negate that the crypto business is trending. Despite the recent decline, it is still on an upward trajectory in general. The number of cryptocurrencies that have experienced significant growth and popularity is currently in decline. ETH, DOGE, and XRP are among these cryptocurrencies. Despite their present decline, you may still buy in and gain from these cryptocurrencies. Let us now look through all 3 of them and see how they might be more dependable in terms of gains than other cryptocurrencies.
- Ethereum (ETH)
Ethereum is presently the second most valuable cryptocurrency in the whole crypto world. Even though it was created six years after the birth of Bitcoin, it has achieved such performance and development that it has deserved this position. ETH, like Bitcoin, started to gain popularity and growth, but as trade volume increased on the ETH blockchain, it began to lag and exhibited delayed transactions.
As a result, ETH had a decline at the beginning of 2021, but it witnessed a price rise in April. It even reached an all-time high, surpassing $4k per ETH. Still, it is steadily declining owing to transaction latency and delays. Meanwhile, ETH programmers are already hard at work on the ETH 2.0 solution, which is set to be released by the end of 2021. When this occurs, ETH will reach an all-time high and could become the biggest virtual currency in terms of value, volume and quantity.
- Dogecoin (DOGE)
Dogecoin rose to prominence after the DOGE army built false buzz for the joke coin in early 2021. Furthermore, DOGE was supported by high-profile and important individuals from throughout the world, including Elon Musk. This gave DOGE the perfect chance to grow, and its market cap, price, and demand quickly reached all-time highs. DOGE is now ranked sixth among the top ten biggest cryptocurrencies.
Despite its recent decline, DOGE has gained popular appeal, as well as adoption via major e-commerce platforms and other efforts. As a result, DOGE has become one of the most sought-after and strong cryptocurrencies in the whole crypto space. Regardless of what traders and industry analysts say about DOGE being a coincidence, it is here to stay. DOGE is now doomed to reclaim its former grandeur, and staying with it would be among the wisest moves.
- Ripple (XRP)
Currently, XRP is the sixth most valuable cryptocurrency in terms of market capitalization. However, with the digital asset, that wasn’t always the case. Back in late 2020, XRP had one of its finest years, and it had risen to become the market’s 3rd biggest cryptocurrency. It had a market value of moreover $140 billion until the US Securities and Exchange Commission initiated proceedings against it in December 2020. The SEC charged XRP with selling shares to US citizens without the necessary license.
XRP has since lost its market value, pricing, and position as the third biggest cryptocurrency. Its market capitalization went below $10 billion, and it was forced to drop off the list of the top 10 biggest cryptocurrencies. However, as the lawsuit advanced and sessions continued, things began to shift in support of XRP. After a protracted battle between XRP and the US Securities and Exchange Commission, things have begun to turn in XRP’s favor. It is currently making a big comeback and has re-entered the list of the top ten biggest cryptocurrencies. Its market value is now greater than $40 billion, and it is the sixth-largest cryptocurrency.
According to the statistics, XRP is continually increasing in value and will continue to rise in all areas. As a result, investing in XRP now would be a good decision because it will expand in size in the next months.
Overall, the trading platform is a highly reliable trading platform on which you can always count. They are extremely safe, provide a wide range of trading tools on their platform, have dedicated customer support, and you can rely on them at every phase of your trading adventure. If you’ve chosen to begin trading online, simply join up for one of the accounts, transfer your money, and begin your trading experience. As long as you follow the terms of service, your trading journey on digBITex will be flawless!