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Is This A Good Time To Invest In Cryptocurrency?

If you’ve been in the financial space, you’ve undoubtedly noticed that there’s trouble brewing in the world of cryptocurrencies. You may be wondering whether it’s a good time to dive into it or wait til the dust settles. A good thing to keep in mind is that there is never a good or bad time to invest. No one can really predict the rise or fall of the market, so it’s best to take a careful approach when it comes to investing in general.

The good news is that crypto coins are slowly coming back up from what is referred to as a “crypto winter” in late 2021 into early 2022. If you were afraid to invest during that winter, you may have missed a great opportunity to get in cheap. But fear not, they’re still not at their historic peak yet, so you may still have a chance to get in on the action.

There are several tools you’ll need to get a good grip on the market, and in a safer way than straight out investing in random coins. We’ll present some here that are popular among our office staffers.

Crypto Exchanges

These are some of our favorite exchanges and we’ll tell you why.

Binance.US

  • Supports USD/Coin pairs
  • Available to U.S. Citizens (only)
  • Lower trading fees than other exchanges
Check Out Binance.US

KuCoin

  • Supports LOTS of coin pairs
  • Available to U.S. Citizens
Check Out KuCoin

Crypto Trading Bots

Trading bots make it easy to execute sell and buy orders. Instead of sitting at your desk and staring at the graph all day, you can simply set up a bot to buy and sell at your specified prices. Although there are a plethora of trading bots out there, the one we like is Bitsgap.

Bitsgap

  • Offers multiple types of trading bots
  • Easy to set up bots
  • Suggested coin strategies
  • Demo bots to test out strategies before you put in real money

Check out our Overview of Bitsgap to see what it offers.

Check Out Bitsgap

If you’ve ever wanted to invest in cryptocurrency, you may want to check out the tools above and start in demo mode or even with a small amount of cash.

If you’re new to crypto, you may want to read up on the basics in our article An Intro To Crypto.

That’s all we have for now. Thanks for hanging out with us through this short article.

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