How to trade cryptocurrency: In any business venture or trading space, one of the most crucial factors to achieving profitably is getting the best prices. In the crypto world, the case is not so different. Smart crypto traders often buy coins during the deep and sell out when their prices rise. Recently, there has not been much of a bull or bear run in the crypto market, just minimal support and resistance levels. Regardless some traders still make a profit on their cryptocurrencies.
Crypto Exchange with the best rate
Dartafrica.io offers mouthwatering rates that would potentially guarantee your profitability in crypto trading. If you are ready to time the road to profitable trading, here is how to start selling your crypto assets for instant cash in Nigeria and Ghana;
- Download Dartafrica from the Google Play Store for your android device or enter dartafrica.io into your mobile browser.
- Once done, click the sell now button on the homepage. You can check around and read through the website if you want; it is going to be worth your while. However, heading straight to trading is where the real deal is.
- Create an account if you have not created one yet. The sign-in details would need you to enter your username, email address, country, phone number, and password. After this, you can head on to verify your email address by clicking the link sent to your email address. When you’re done, log in to the account.
- Locate the sell coin tab on the dashboard to get started.
- Select your preferred coin and enter the amount to see the value of your coin in local currency. Proceed to sell by clicking the button below and send crypto to the address provided.
- After two confirmations, you will receive the money for your coin in your wallet.
- To withdraw funds, hit the “withdraw” button below your wallet balance, add bank detail, and receive funds.
Other methods of trading cryptocurrency profitably in Nigeria
Crypto Airdrops
A crypto airdrop is a process of distributing free tokens or coins to a specific group of people, such as holders of a certain cryptocurrency or members of a community. Airdrops are often used by new projects or startups as a marketing strategy to increase awareness and grow their user base.
Here are some ways to potentially make a profit from crypto airdrops:
- Hold the right coins: Many airdrops are targeted toward holders of specific cryptocurrencies, such as Bitcoin or Ethereum. By holding these coins, you may be eligible to receive airdropped tokens for free.
- Join relevant communities: Some airdrops are targeted towards members of specific communities, such as Telegram groups or social media communities. By being a part of these communities, you may be eligible to receive airdropped tokens.
- Research the project: Before participating in an airdrop, research the project and its team to understand its goals, technology, and potential use cases. If the project has a strong team and a solid business plan, it may have a higher chance of success, which could translate into higher potential profits for holders of its tokens.
- Hold the tokens: Once you have received airdropped tokens, hold them for a while and monitor the project’s progress. If the project is successful and the demand for its tokens increases, the value of the tokens you hold may also increase, potentially leading to a profit.
- Be cautious: Be aware that not all airdrops are legitimate, and some may be scams. Make sure to thoroughly research any airdrop before participating, and never share your private keys with anyone.
It’s important to remember that airdrops are highly speculative and risky, and you should always do your research and be prepared to lose your entire investment.
Swing Trading
Swing trading is a type of short-term trading strategy that involves holding a position for several days to a couple of weeks in an attempt to profit from price swings or “swings” in the market. It is based on identifying short-term trends in the market and buying or selling accordingly.
In cryptocurrency swing trading, a trader will typically use technical analysis to identify potential entry and exit points for a trade. This may involve using charts and indicators to identify patterns and trends in the market, such as support and resistance levels, moving averages, and momentum indicators.
A swing trader will have a longer-term outlook compared to a day trader and will hold positions for several days to a couple of weeks. The goal is to capture a portion of the price movement, rather than trying to predict the exact top or bottom of the market.
It’s important to note that swing trading is highly speculative and risky, and you should always do your research before venturing into it. It’s also important to have a strategy in place and to have proper risk management to minimize potential losses.
