Minimum amount of money for crypto trading

With what amount can I start trading cryptocurrency on the exchange

Clearly state what the initial deposit for a cryptocurrency trader should be. The amount depends on the trader’s goals, knowledge and skills. Newbies who just found out in the crypto space shouldn’t invest all their free money in crypto, it’s easy to lose deposits without experience. It is wise to start with small investments, research the field, trade on the stock exchange and take small risks.

How much money is enough to start trading on the cryptocurrency market?

The cryptocurrency market is the most volatile of all financial markets, and investing and trading in cryptocurrencies involves high risks. A beginner with no experience in digital currencies should allocate an amount for the investment he is willing to make without losing the possibility of returns. By taking a small margin, you can choose a more effective trading strategy and try again.

With only $100, you cannot start earning large sums and make trading the main source of income. With such a deposit, earnings will be minimal. But if you have $100 free, you can try your hand at trading. This amount is enough to understand how positions are opened and closed on the exchange, how the trading floor is arranged and the operations carried out on it. It is optimal to start trading on the exchange with a small deposit and the goal is to keep it at the initial stage. Having managed to save the starting capital, you will be able to increase it, albeit slightly. Only after that it makes sense to invest larger amounts for active trading.

In trading, a good result is a return of 5% of capital. Professional traders earn up to 10% of the capital per month, strictly following the chosen strategy.

Trading with a small initial deposit will bring a barely noticeable income, but it will allow you to master the technical part of trading digital assets, get comfortable on the stock exchange, and choose the right trading strategy.

How not to drain the deposit on the first transactions?

Every newcomer to the crypto market should know about the risk of losing a deposit – this is a common phenomenon. In order to save funds and get the first income, it is worth taking trading seriously, and having thought over a plan of action. Follow simple rules:

What does a beginner need to know to start earning on trading?

Of the variety of ways to make money on cryptocurrency trading brings the greatest income, it is also the riskiest. Without experience and knowledge, a novice trader can drain the deposit in the first days on the exchange. To prevent this from happening, trading needs to be learned.

Basic knowledge for a trader:

You can get basic knowledge and master skills on your own if you are ready to spend all your free time on it. Faster and more efficient learning with experienced mentors. In SmartMaker, you will receive the necessary knowledge that will allow you to simply, confidently and with minimal risks start trading cryptocurrency on popular exchanges, gradually increasing your deposit and income.