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Simon Mbaya
- Rate 4 US$
- Response 1h
-
Students1
Number of students Simon Mbaya has accompanied since arriving at Superprof
Number of students Simon Mbaya has accompanied since arriving at Superprof
4 US$/hr
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- Digital Marketing
- Crypto Currency
- Bitcoin
- Blockchain
Skilled Crypto Tutor that teaches crypto currency trading for all levels worldwide.
- Digital Marketing
- Crypto Currency
- Bitcoin
- Blockchain
Lesson location
About Simon Mbaya
What is blockchain?
A blockchain is a shared digital register of recorded data. For cryptocurrencies, this is the transaction history for every unit of the cryptocurrency, which shows how ownership has changed over time. Blockchain works by recording transactions in ‘blocks’, with new blocks added at the front of the chain.
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About the lesson
- Primary school
- Junior high school
- SHS 1
- +13
levels :
Primary school
Junior high school
SHS 1
SHS 2
SHS 3
Adult Education
Facultate (Licență)
Master's degree
Higher national diploma
Staatsexamen
Doctor of philosophy
ACCA
CIMA
MBA
Pre school
WASCE
- English
All languages in which the lesson is available :
English
duct works and whether you can afford to take the high risk of losing money.
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English
What is cryptocurrency trading and how does it work?
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. Here you’ll find more information about cryptocurrency trading, how it works and what moves the markets.
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Contact us: +61 3 9860 1799
Established 1974
313,000+ clients worldwide
17,000+ markets
What is cryptocurrency trading?
Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
CFD trading on cryptocurrencies
CFDs trading are derivatives, which enable you to speculate on cryptocurrency price movements without taking ownership of the underlying coins. You can go long (‘buy’) if you think a cryptocurrency will rise in value, or short (‘sell’) if you think it will fall.
Both are leveraged products, meaning you only need to put up a small deposit – known as margin – to gain full exposure to the underlying market. Your profit or loss are still calculated according to the full size of your position, so leverage will magnify both profits and losses.
Buying and selling cryptocurrencies via an exchange
When you buy cryptocurrencies via an exchange, you purchase the coins themselves. You’ll need to create an exchange account, put up the full value of the asset to open a position, and store the cryptocurrency tokens in your own wallet until you’re ready to sell.
Exchanges bring their own steep learning curve as you’ll need to get to grips with the technology involved and learn how to make sense of the data. Many exchanges also have limits on how much you can deposit, while accounts can be very expensive to maintain.
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Rates
Rate
- 4 US$
Pack prices
- 5h: 20 US$
- 10h: 40 US$
online
- US$4/h
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