Most crypto-inclined people know that you can make a lot of money by Hodling the right token. But do you know you can make even greater profit by trading?
Trading cryptocurrency is by no means similar to stocks and bonds. The crypto-universe is explosively volatile and value can elevate or flatline in an instant.
So why do many traders around the world foray into this economic minefield? The lure of great reward!
In 2017, Changpeng Zhao was just another tech geek. His parents were educators and he went from flipping burgers at Mc Donalds to working with Blockchain.info and after getting enough experience he launched the exchange giant Binance
Today, Binance supports about 120 coins, working with 100 plus wallets and 240 trading pairs.
The custom token BNB has been a huge success (from all time low of $0.096109 to all time high of $39.57) and guess who the majority token holder is?
There are many traders, who unlike Zhao do not own their own exchanges but profit massively by understanding the trends and behaviour of the crypto market. Many have written e-books, many have hundreds of thousands of followers on social media, and some are so anonymous people can only speculate.
One thing about trading however, is that most times when you gain, someone somewhere is probably losing. This is not very encouraging for the rookie trader. How do you wrestle with the sharks of the market?
AirSwap is a decentralized, peer-to-peer token trading network built on the Ethereum blockchain. In my last article I introduced AirSwap and explained how its platform offered many features that could help investors and traders make maximum gain on all their trades and transactions.
AirSwap offers a "Compare" feature that shows you the current trading price of a selected cryptocurrency across the top exchanges worldwide. This allows you to make the best value trades.
Imagine you want to purchase some DAI tokens. You simply enter the token name and amount you want and click to search. The inbuilt engine links to its "world book" ledger and shows you the current trading prices. This allows you to make the best value trade.
Here I try with a different cryptocurrency AST.
Here I try again with a different token called LINK.
As you can see, the best deals can't all be found on the same exchange. Many traders use about 5-20 different exchanges in their quest for profit-making.
Imagine how tedious it would be to log into 20 different exchanges and manually note and compare all their active prices. You will agree it is highly undesirable.
This is why the AirSwap compare feature is an indispensable tool that every trader needs.
Now imagine you can see that the cheapest price of a particular token is let's say $1 but you are convinced you can make a bargain for $0.90 in a peer-to-peer transaction? With exchanges there is no direct discussion with other traders. And most traders set their prices based on what they see other traders doing.
With AirSwaps OTC, you can use the knowledge of the Compared prices and have the upper hand in a p2p trade.
Using the AirSwap OTC is quite easy. You simply connect your wallet and you will be allowed to see the posted prices of other online traders looking for a bargain as well.
To find out more about this exchange you can visit the AirSwap website.
You can also follow them on their social media channels
BitcoinTalk | Facebook |Youtube | Medium | GitHub | Reddit | Twitter
AirSwap provides a much needed market for token holders to interact and derive maximum benefit from the proceeds of their online and crypto community activities. Check them out!
The information provided here is for informational and entertainment purposes only. It should NOT be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.