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Advantages of Trading Cryptocurrencies vs. Stocks

Cryptocurrencies like Bitcoin, Ethereum, and Litecoin has a financial storm on the upside last year. And it's expected to continue this year. Let's look at some of the reason why people are jumping into cryptocurrency trading compared to stocks.

1. Daytrade at Any Price

One factors that irked most starting traders is the minimum $25000 capital required to daytrade stocks. Daytrade is defined as buying and selling an security in the same trading day. Currently, there is no regulation for cryptocurrency. Therefore, a trader can buy and sell the same cryptocurreny multiple times in one day, potentially gaining multiple percentages in short period of time.

2. Entry on Credit Card

Most stock brokerage house will allow you to open an account using cash asset transfer. Few, maybe even none, will allow you to transfer funds into your account using a credit card. On the other hand, cryptocurrency exchanges, like Coinbase, allows you to fund your account with a credit card. That gives you 25 days of grace period to earn an income through trading before paying back the credit card loan.

3. Low Trading Fees

Many cryptocurrency exchanges, such as Binance, offer low trading fees. Binance even provides fractional fees based exactly on the fractional shares you purchased. Unlike most stock account, where the fee is fixed to make low share quantity trades unprofitable, the fractional fees based on exact number of shares means you can make money even on low share quantity trades.

4. Volatility

For daytrading to be profitable there needs to be volatility in the market. A market with no volatility means there is no profit to be gained or lost. Currently, stock markets moves much slower than cryptocurrency. Stock market is currently gaining or losing 0.5% per day, whereas cryptocurrency is moving 10% to 30% a day. There is currently huge potential in the cryptocurrency market.

5. Future Potentials

Cryptocurrency is still at its infancy. There is a huge upside potential that has yet to be seen. The reward to risk ratio is so high that no one can even valuate it. One day, it will be commonly traded alongside stocks and other common securities. Trading cryptocurrencies now allows you to learn about it during its infancy, while potentially providing huge gains over the long term.

Any other reasons to trade cryptocurrencies? Give us your thoughts.

Thu, 11 Jan 2018 11:31:02 -0800

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  • Binance
  • Coinbase - Earn $10 of free bitcoin when you register and buy/sell $100+ of digital currency through this link.

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