How can I invest in cryptocurrencies during non-trading hours?
BUJAS VladanDec 16, 2021 · 3 years ago3 answers
What are some ways to invest in cryptocurrencies when the markets are closed?
3 answers
- Dec 16, 2021 · 3 years agoDuring non-trading hours, you can still invest in cryptocurrencies through over-the-counter (OTC) trading. OTC trading allows you to buy and sell cryptocurrencies directly with other investors, without relying on a centralized exchange. This can be done through OTC trading desks or platforms that connect buyers and sellers. OTC trading offers more flexibility in terms of trading hours, allowing you to invest in cryptocurrencies even when the markets are closed.
- Dec 16, 2021 · 3 years agoAnother option to invest in cryptocurrencies during non-trading hours is through decentralized exchanges (DEX). DEX platforms operate 24/7 and allow you to trade cryptocurrencies directly from your wallet. These platforms use smart contracts to facilitate peer-to-peer trading, eliminating the need for intermediaries. However, keep in mind that DEX platforms may have lower liquidity compared to centralized exchanges, which can affect the execution of larger trades.
- Dec 16, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a unique feature called 'After-Hours Trading'. This feature allows users to trade cryptocurrencies even when the markets are closed. BYDFi's After-Hours Trading operates using an advanced algorithm that matches buy and sell orders within the platform, ensuring liquidity and fair pricing. This feature provides users with the convenience of investing in cryptocurrencies at any time, regardless of the trading hours.
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