Are there any specific currency pairs that are recommended for beginners in cryptocurrency trading?

3 answers

• Dec 29, 2021 · 3 years ago
  As a beginner in cryptocurrency trading, it's important to start with the major currency pairs that have high liquidity and trading volume. Some popular currency pairs for beginners include BTC/USD, ETH/USD, and XRP/USD. These pairs are widely traded and have a lot of information and analysis available, making it easier for beginners to understand and make informed trading decisions.
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• Dec 29, 2021 · 3 years ago
  For beginners in cryptocurrency trading, it's recommended to focus on currency pairs that involve stablecoins like USDT or USDC. Stablecoins are cryptocurrencies that are pegged to a stable asset like the US dollar, which helps reduce the volatility and risks associated with trading other cryptocurrencies. Examples of stablecoin pairs include BTC/USDT, ETH/USDC, and XRP/USDT.
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• Dec 29, 2021 · 3 years ago
  As a beginner, I would suggest checking out BYDFi's recommended currency pairs for beginners. They have a list of currency pairs that are suitable for beginners, taking into account factors like liquidity, volatility, and trading volume. It's always a good idea to follow the recommendations of a trusted exchange like BYDFi when starting out in cryptocurrency trading.
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