It is no longer news to define cryptocurrency as a crypto or digital currency. The digital currency has made many people multi-millionaires through crypto trading and exchanges. The questions that we may ask ourselves are which coins are reliable to trade without risk. Let me answer your questions sincerely.

There is no risky business, but there are many cryptocurrencies that are reliable and trustworthy. Their years in the markets show that they are transparent. This means that you can trade and exchange them. In our earlier article, we discussed the top list of cryptocurrency exchanges in the markets today. In this article, we shall identify the top cryptocurrency coins that are reliable for trading.

They include Bitcoin, Ethereum, USDT, Litecoin, XRP, BMB, USDC, Dogecoin, Solana, Tron, Polygon, Cardano, Toncoin, Bitcoin Cash, Dai, wrapped Bitcoin, Polkadot, Monero, BUSD, Ethereum Classic, UNUS SED LEO, Cosmos, OKB, TrueUSD, etc.

These crypto coins are unique in services and operations. It is very important to study each of them so that you can understand their operational modes and services. As a trader or investor, you should be very careful before you buy any coin or invest in any coin, so that you will not incur debt or lose uncontrollably. Several people see how one cryptocurrency is more popular than others because they do not know how it works.

If you have a coin and you want it to get rated higher than the others in the market. It is a lot of work. You have to publicise for the users, traders, and investors to know about it. The way of patronage; the way of popularity and rate among other coins! Create an avenue and access for it to be mined and used by people.

Another way is to make the coin available in the markets, promote the coin, and publicise it.  After you have created access to getting the coin, you need to itemise how they can buy the coin. These include choosing your coin platform and getting the broker and crypto exchanges. You will fund the account you have successfully created, and you will then place an order based on your ability to trade and/or invest.

There are many more in the markets held by different exchange platforms such as Binance, Coinbase, Blockchain, Gemini, HitBit, Luno, Kucoin, CEX, eToro, Kranken, Cropto.com, etc You can choose any of the coins to trade in the platforms mentioned above.

Fundamental Analysis

As the name suggests, this area is the trading analysis that is very fundamental to know and take note of. Fundamental analysis is the analysis that opens your eyes to what you put your money on as a trader. It will enlighten the traders to be careful of the coins or projects that they want to trade.

You will just trade any coin without examining the coin or the project. Many people say that trading is gambling. I want to say authoritatively that trading is not gambling. Fundamental analysis trains you that trading coins is a business asset that can be represented by monetary values.

The project or coins are like shares you buy in a company. You may not confidently say the losses or profits. You should study the company you intend to put your money into. The same is true for the projects and coins you want to trade. Fundamental Analysis will help you choose the ones you can comfortably trade. The first step for any serious trader is to register on a good exchange.

It is senseless to enter into WhatsApp or telegram or Twitter to join or buy any cryptocurrency coins to trade without studying how the coins work or the capacity of profits in the market. That has become gambling!

Fundamental analysis entails building patience and following instructions. Also, do not allow the influential person to trade for you. Trade yourself if you want to make money in trading. If you use the strategy of hiring someone to trade for you, you may make money, and you may lose money.

Consequently, it is not imperative to buy the coins you do not know about. These days, everyone is coming to the market to make money. If you are not wise, it will be difficult to be successful in trading. In trading successfully, fundamental analysis is needed.

Technical analysis

Technical analysis means price action in terms of buying and selling the coins. If you cannot take the risk of a loss, there is no need to enter the market to trade. You must do price action. Price action is very important to succeed in trading.

Make sure you understand the coin, market, and technical aspects of trading before you enter the market to trade. The essential aspects to understand are chart reach, the candlestick, how to start calculating the profits, and how to interpret the signals. It is also essential to understand the chart to use for a long-term analysis. All these are under the technical

analysis.

Sentimental Analysis

It can be agreed that every business has its own sentiment. If, for example, you want to buy foodstuffs in the market, I may prefer to bypass Mama Tope and buy them from Mama Ada. This may be done due to the sentiment. As a trader, you need to consider many reasons apart from fundamental and technical reasons; you will not buy certain coins and ignore certain trading companies to trade. The knowledge of sentiment enables you to decide that way. You must not trade under emotion.

Do not be too greedy and too fearful! If you are too fearful, you will not enter the market. All your thoughts include losses! Loses! I will lose! You will continue to be afraid! Also, if you are too greedy, you may lose all the time you trade. Take, for instance, if you enter the market and make a profit of 10, you still enter and make a profit of 20, 30, 40, 50, and still let me enter once more and make 60 per cent profit.

But the next time you do, you lose, and the market suddenly drops, in which the candlestick is red, and your profit drops from 50 per cent profit to 10 per cent profit.

The trader must make sure that he/she has to take note of the reasons and consider how they must not trade some coins and trade with certain companies. Some coins are in the markets now that I cannot buy to trade because I do not know the details about them.

Conclusion

If you check on BINANCE, for example, you will see several coins you can trade. I recommend BINANCE because they are the largest exchange in the world. Also, they have enough liquidity; millions of traders are on the platform day and night.

BINANCE is one of the most secure centralised exchanges, and your funds are SAFU or SAFE and always available. Also for Nigerians, BINANCE makes it easy to deposit and withdraw your capital and profits easily via the P2P trading system or PEER TO PEER.

Not everyone can trade in the P2P market due to the fear of scams, make sure you consider the certified trader with over 1000 trades and I can easily trade there. You can use this link to register on BINANCE, and you can win rewards when you Trade. If you don’t have a trading account, you need to register on BINANCE and do your KYC.