Cryptocurrencies trade round the clock so don’t underestimate the toll this can take on your nerves and relationships as the temptation to keep checking your Mac or mobile all day (and night) long can be destructive. In traditional types of trading, stock and forex exchanges are usually only open during business hours. You can even trade cryptos directly from TradingView nowadays by linking it to a broker like Gemini that supports cryptocurrencies too.
There’s not much you can do to anticipate these but we do recommend the excellent free TradingView which not only supports cryptocurrency tracking and analysis tools to help you spot trends sooner rather than later. “Pump and Dump” is far more common with cryptos which are basically huge increases in currency values due to buying frenzies or huge “whale” traders followed by dramatic sell-offs.
You can check out our guide to the best bitcoin and crypto wallets for mac for some suggestions on how to store your currencies safely in cold or hot wallets. However, eToro now includes it’s own crypto wallet to protect your funds which is more convenient than using a third party wallet. Crypto exchanges can get hacked or suddenly close down leaving you with nothing. No digital currency exchange is 100% secure.There’s a bigger risk of getting in above your head than trading traditional government issued currency known as fiat currencies. The trading of crypto currencies is considerably more difficult than traditional stocks due to their highly volatile nature.Your capital is always at risk no matter which platform you choose. Never trade more than you can afford to lose – the most golden rule of all.Best Cryptocurrency Trading Platforms For Mac ComparedĬrypto Currency Platforms: Before You Sign-Up.
Crypto Currency Platforms: Before You Sign-Up.