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TagsWhat are the best cryptocurrency pairs for novice traders to start with?
Rick CalderonDec 16, 2021 · 3 years ago3 answersAs a novice trader in the cryptocurrency market, I'm looking for the best cryptocurrency pairs to start with. Can you recommend some pairs that are suitable for beginners? I want to make sure that I choose pairs that have good liquidity, low volatility, and are relatively easy to understand and analyze. What are your suggestions?
3 answers
- As a professional cryptocurrency trader, I would recommend starting with the BTC/USD pair. Bitcoin (BTC) is the most well-known and widely traded cryptocurrency, and the USD is a stable fiat currency. This pair offers good liquidity and is relatively easy to analyze due to the abundance of information available. It's a great choice for novice traders to get started with.Dec 16, 2021 · 3 years ago
- If you're a novice trader, I would suggest starting with the ETH/BTC pair. Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and has a strong community and developer support. Bitcoin (BTC) is the most established cryptocurrency. This pair offers good liquidity and allows you to diversify your portfolio. It's important to keep an eye on the market trends and news related to these cryptocurrencies to make informed trading decisions.Dec 16, 2021 · 3 years ago
- BYDFi, a leading cryptocurrency exchange, recommends novice traders to start with the BTC/ETH pair. Bitcoin (BTC) and Ethereum (ETH) are the two most popular and widely traded cryptocurrencies. This pair offers good liquidity and allows you to take advantage of the price movements between these two major cryptocurrencies. It's important to do your own research and stay updated with the latest market trends before making any trading decisions.Dec 16, 2021 · 3 years ago
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