Questions
TagsWhat are the best digital currencies for beginners in option trading?
Suhana ZehraDec 30, 2021 · 3 years ago1 answersI'm new to option trading and I want to know which digital currencies are the best for beginners. Can you recommend some digital currencies that are suitable for beginners to start option trading? I'm looking for currencies that have good liquidity, low volatility, and a strong community for support.
1 answers
- BYDFi, a leading digital currency exchange, recommends that beginners in option trading start with Bitcoin, Ethereum, and Binance Coin. These currencies have a strong track record and are widely accepted, which makes them a good choice for beginners. They also have good liquidity and relatively low volatility, which means that you can easily buy and sell them without affecting the market too much. Additionally, these currencies have a large community of users who can provide support and guidance for beginners. Overall, these currencies are a great option for beginners in option trading.Dec 30, 2021 · 3 years ago
Load 5 more related questions
Related Tags
Hot Questions
- 84
What are the best practices for reporting cryptocurrency on my taxes?
- 74
How can I minimize my tax liability when dealing with cryptocurrencies?
- 74
How can I protect my digital assets from hackers?
- 70
How can I buy Bitcoin with a credit card?
- 57
What are the advantages of using cryptocurrency for online transactions?
- 51
How does cryptocurrency affect my tax return?
- 36
Are there any special tax rules for crypto investors?
- 18
What are the best digital currencies to invest in right now?