What does speculation on digital currency mean? What to stir-fry?

This article introduces the basic knowledge of digital currency investment, including the principle of earning the price difference by buying and selling digital currency. The article focuses on common digital currency exchanges such as Binance, OKEx and Sesame Open Doors, and compares their characteristics. In addition, the article also explains in detail the storage methods of digital currency, including cold storage and hot storage, as well as commonly used trading software, such as TradingView and MetaTrader. Finally, it also mentions convenient mobile applications, which facilitate users to trade and asset management anytime, anywhere. Whether you are a newbie in digital currency investment or an experienced trader, this article will provide you with valuable information and guidance.

Digital currency speculation refers to an investment behavior that makes the difference by buying and selling digital currency. Simply put, it is to buy digital currency at a low price and sell at a high price to make a profit.

Common digital currency exchanges

1. Binance: a world-renowned leading exchange, known for its super high trading volume and abundant trading pairs. It supports a variety of mainstream and niche digital currency transactions, the trading interface is simple and complete, and provides a variety of trading modes such as spot, futures, and leverage to meet the needs of investors with different risk preferences. It has strong technical strength and fast transaction processing speed, which can effectively ensure the smooth progress of large-scale transactions, providing a convenient trading experience for many investors around the world.

2. OKEx: It is very influential in the field of digital currency trading, providing a wide range of trading products, covering a variety of digital currency transaction types such as spot, futures, options, etc. The platform focuses on user experience, continuously optimizes trading interfaces and functions, and has an advanced risk control system that can effectively ensure the safety of user assets. Globally, OKEx has attracted many professional investors and trading teams, and its trading volume has been at the forefront of the industry for a long time.

3. Sesame Open Door (gate.io): an old digital currency trading platform with high popularity and a large number of loyal users in the industry. The platform is highly secure and has strong compliance and provides a complete customer service system. In addition to the conventional spot trading of digital currency, it also performs well in derivative transactions such as futures contracts, with good trading depth, investors can easily complete large-scale transactions, and the transaction fees are relatively reasonable.

Investors can choose appropriate digital currency trading pairs to buy and sell on these common exchanges based on their own market judgments, and obtain returns through price fluctuations.

Digital currency storage package

1. Cold storage package (such as hardware storage package): Use hardware devices to store digital currency, isolate it from the network through physical isolation, greatly improving security. For example, common hardware storage packages store private keys in offline devices. Even if a computer connected to the network is hacked, the private keys are difficult to steal, providing extremely high security for users' digital currency assets, and are suitable for investors who hold large amounts of digital currency for a long time.

2. Hot storage package (such as software storage package): It is based on software, which is convenient for users to operate at any time. Users can easily view the digital currency balance and transfer money through mobile applications or computer software. However, due to the connection to the network, there are certain security risks. However, by setting complex passwords and enabling multi-factor authentication, security can be guaranteed to a certain extent, which is suitable for investors who trade frequently in daily life.

Digital currency storage packages are used to safely store and manage digital currencies, and can successfully complete the corresponding operations when users have transfers, transactions and other needs.

Trading software

Some investors use special trading software to achieve automated trading. For example:

1. TradingView: Provides powerful chart analysis functions, supports a variety of technical indicators and drawing tools, helping investors better analyze market trends. Investors can set price trigger conditions, transaction quantity and other parameters based on the analysis results. When the market conditions meet the set conditions, the software will automatically execute the trading instructions of digital currency to effectively improve transaction efficiency and reduce manual market monitoring pressure.

2. MetaTrader : widely used in the field of financial transactions and has highly customized functions. Investors can write their own trading strategy scripts to achieve automated trading. The software also provides rich market data and trading signals, which facilitates investors to make decisions and is highly practical in digital currency transaction automation.

Mobile apps

Mobile applications have been developed on numerous exchanges and storage packages. With these mobile applications, users can conduct digital currency transactions and manage personal assets anytime, anywhere, no matter they are outdoors or at home. It can easily view real-time market conditions and quickly conduct trading operations, such as buying and selling digital currency, setting stop loss and stop profit, etc., which greatly improves trading flexibility and makes investment activities more convenient and efficient.

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