What are the Benefits of Having an All-in-One-Wallet for Cryptocurrency Trading?
Cryptocurrency is a revolutionary financial instrument that offers traders a lucrative investment opportunity to maximize their profits.
The crypto market is expanding rapidly and providing numerous ways for investors to diversify their risks and generate higher ROI. Keeping pace with the demand, a gamut of crypto trading platforms has mushroomed, offering a seamless and profitable trading experience online. Popular cryptocurrencies ruling the investment market today are Bitcoin, Ethereum, Litecoin, and Ripple.
Cryptocurrency trading is a process of speculating price movements of cryptos via a CFD trading account, or trading the underlying coins through an exchange platform. However, to keep track of all your crypto trading transactions as well as facilitate hassle-free trading, it is often recommended to have an all-in-one wallet.
Major cryptocurrency trading platform Cointree offer a comprehensive wallet with a myriad of features and services.
In this article, we will discuss the advantages of having an all in one wallet for cryptocurrency trading.
Be Your Own Bank!
A full-service crypto trading wallet allows you to buy, sell, deposit, store, transfer, withdraw and convert cryptos in fiat money. All transactions will occur through this single wallet, giving you complete flexibility and a hassle-free platform to trade, reduce risks and earn profits.
Gain Complete Control of Your Wallet
This is another great advantage of having an all in one wallet from premier crypto trading platforms such as Cointree. With the wallet, you become the sole custodian and have complete control of all the transactions.
Digital wallet allows you to track the status of all your crypto trading transactions 24/7 and on a single platform, aiding in a hassle-free experience.
Crypto Storage and Liquidity
The wallet also aids in secured crypto storage, giving you the flexibility to trade, withdraw, transfer and even convert the same into fiat via a single account. You can also get the facility of cryptocurrency liquidity by opening a wallet for crypto trading. Easy and quick liquidity of your traded assets, including cryptocurrencies, is an important aspect when you make investments.
It is the extent to which your cryptos can be bought or sold quickly without disrupting its price stability.
That refers to the ability to convert your cryptocurrencies into cash.
There are several factors affecting the liquidity of your cryptocurrencies. These include the type of crypto exchange platform you choose, trading volume, standard regulations and acceptance from the buyers of such cryptos.
Before trading in crypto, ensure the crypto liquidity provider ensures the option to convert your cryptos into fiat or other coins in a quick, secure and simple manner.
Thus, you can enjoy all the services through a comprehensive wallet.
Major banking institutions and cryptocurrency exchange platforms ensure the highest levels of security via their all-in-one-wallet. Since you remain the sole custodian of the wallet with full control of all its transactions, it is the most popular and safest way of investing, storing and liquidating your cryptocurrencies.
The wallet also allows you to continuously back up your funds and safeguard them from hacking and unauthorized access.
CFD Trading on Cryptocurrencies
Premier Crypto Currency trading and Exchange platform in Australia Cointree provide the option of a CFD contract for difference along with their comprehensive wallet. It is a derivative that allows you to speculate on price movements of cryptocurrencies but without having to take ownership of the coins.
You only need to deposit a small amount, also known as margin, to leverage complete opportunities for the underlying market offer. Based on your price speculations, you can choose to go long (buy) if the value of crypto is deemed to arise or short (sell) if it is perceived to fall. The profit and loss are calculated based on the size of your position.
Before trading in cryptocurrencies, make sure the trading & exchange platform offers a full-service and highly secure all in one wallet wherein you have complete control. Such a wallet not only aids in seamless crypto trading but also opens up lucrative opportunities for you to leverage upon and maximize your returns.
Buy, sell & trade instantly with ease.
With over 100 coins, multiple payment methods and low fees, Cointree.com is the best place to buy, sell and trade bitcoin, altcoins and all of your favourite digital currencies.