Cryptocurrency is the name attached to blockchain driven payment methods or tokens such as Bitcoin, Ethereum, Litecoin, Ripple and others. When it first began with Crypto chat, blockchain was seen as a decentralised form of digital currency and an anonymous way to make payments fast without using “fiat”. As time progressed blockchain technology has been utilised in many other new and interesting ways.
Most crypto exchanges will only allow you to trade an altcoin for Bitcoin or Ethereum. So to begin, you must have some BTC or ETH. Once you have these coins in your wallet, you send them to a wallet within your account at an exchange and trade them for altcoins. It may seem quite daunting at first, but once you get used to the method of sending and receiving funds via wallets, then it is not too much different than trading Forex.
However, you must be aware that crypto trading is at a very early stage. Many of the exchanges offering access to the smaller coins are new, and for the most part unregulated because many do not accept “real money” from customers. The same risks apply to trading crypto as with any other security. On our site you will find a selection of high volume cryptocurrency charts which will allow you to view prices 24 hours a day. Our crypto charts come with all the usual indicators and drawing tools you would expect from any good charts.