After Bitcoin (BTC), Ethereum (ETH) is the most famous as well as widely used network among the different cryptocurrencies around the globe. ETH is the native cryptocurrency of the Ethernet Network, the universe’s second largest cryptocurrency after Bitcoin, and the basis of several other cryptocurrency protocols. Thus, it is truly worthwhile to explore more about ETH leverage trading.
Buying Ethereum and ETH leverage trading on cryptocurrency exchanges like BTCC
Cryptocurrency exchanges effectively BTCC offer the easiest way for beginners to avail ETH. Presently, there are two kinds of exchanges in the industry viz. Centralized and decentralized. Most of the exchanges are centralized and are much simpler to be used for first-time investors. They as well render a much smoother and safer ETH leverage trading.
However, a user has to initially open an account with a centralized exchange, BTCC. Provision of a little personal information is required which in turn assists a user to deter fraudulent users specifically when it comes to futures leverage trading like BTC or ETH leverage trading. These are popularly called anti-money laundering (AML) and know-your-customer (KYC) requisites.
For a beginner discovery of globally high-volume exchanges like Coinbase, Binance, or BTCC is quite beneficial. After making an account specifically for ETH leverage trading, the next step is funding the account. This can be done through a credit card, a bank transfer, or a trusted payment service like PayPal.
Now, a user is almost ready to trade. The last essential step to be taken by a user is to store his or her Ether once it is purchased. ETH can be stored in an online wallet, or in his or her personal mobile wallet or desktop. It is easier and quicker to carry out ETH leverage trading.
A good rule of thumb for a user is that if he or she desires to frequently opt for cryptocurrency exchange or ETH leverage trading, then he or she must keep his or her ETH in an exchange-provided wallet, and if he or she is planning to keep it for longer periods, then he or she must keep ETH in an offline wallet may be a Ledger hardware device or a Trezor.
Essential things to consider before purchasing Ethereum for ETH leverage trading
One of the biggest concerns, when a user is confused about choosing how to buy ETH, relates to its fees which vary significantly from one online platform to the other. Nevertheless, choosing BTCC online platform will assuredly keep a user away from all worries and he or she can effortlessly go for ETH leverage trading.
Especially, if a user is a beginner and not very experienced in the cryptocurrency leverage trading field viz. BTC or ETH leverage trading then he or she is much protected if chooses a well-known online platform like BTCC simply via https://www.btcc.com/.
Nonetheless, some online stock brokerages offer cryptocurrency trading as well as traditional assets. Robinhood (HOOD) is a pioneer in this respect. In fine, it is totally secure and straightforward if a user chooses BTCC for his or her all ETH leverage trading needs.