Small market cap cryptos are generally riskier than larger market cap coins like Bitcoin and Ethereum. To get information about a cryptocurrency, it’s best to read the cryptocurrency’s whitepaper. What its intended use is. However, high risk isn’t necessarily a bad thing. Metaverse cryptocurrencies have been a hot asset class leading the start of 2022. Tokens like MANA and SAND are in-game currencies for the blockchain-based metaverses Decentraland and The Sandbox, respectively. It’s important to invest in cryptocurrencies that have a solid team backing the project. Risk works both ways, meaning that each investment into small-cap altcoins carries the risk of significant failure and benefit of significant success. This will give you an idea of how crypto works.

In a crypto bull market, it’s pretty easy for your portfolio to increase in USD value, but it’s more challenging to build your Bitcoin stake. To track your portfolio’s value in terms of Bitcoin, you can use one of the best (free) crypto portfolio trackers from Benzinga’s guide. Since cryptocurrency prices are so volatile, it’s not uncommon for traders to lose money quickly trading cryptocurrencies. By actively trading your cryptocurrency, you risk losing your crypto to the market.

Crypto Trading Usa

You should not expect to be protected if something goes wrong. ³Crypto rewards is an optional Coinbase offer. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). Upon purchase of USDC, you will be automatically opted in to rewards.

Want to jump straight to how to trade cryptocurrency? Many investors like to trade cryptocurrency because it’s an extremely volatile asset class. Cryptocurrency traders often have one of two goals: to accumulate Bitcoin (BTC) and/or Ethereum (ETH) or make a profit in USD in a shorter time. Of course this volatility also incurs significantly more risk than less volatile assets. You can trade crypto on eToro (great for U.S. If you can time the market right, trading crypto can give you much higher returns than traditional investments.