Bitcoin halving is fast approaching and it brings ample opportunities for earning profits. The volatility and speculation around the possible price movements can enable traders to make profits in a very short span of time. Bitcoin halving is a key feature that occurs every four years to create scarcity by halving new bitcoins per block. This is the third halving since the arrival of bitcoin in 2009. The previous two halvings resulted in a massive bullish trend for cryptocurrency.
The bitcoin halving generates a lot of attention attracting retail and new investors leading to a further rise in price. These can create massive opportunities for traders to maximize their profits. To help you reach your goals, here are top 3 products you should use to get the most out of bitcoin halving.
Koinfox is a first of its kind investment platform and exchange developed for common investors. This intelligent trading platform will allow you to invest in top exchanges globally with a click of a button. Imagine being able to place an order with no lag in time of volatility and generate profit instantly. Koinfox enables you to trader conveniently and quickly using its advanced order types and automation tools. Presently, you can trade on Binance, KuCoin, and CoinDCX using this platform.
You can also reduce your risk by using the trailing stop loss feature provided by the platform. Additionally, there are multiple advanced order types that will empower you to implement your trading strategy without any associated hassles. You name it and Koinfox has it – you can place market or limit order with multiple target exits, or place an order with exits at desired profit levels, or even place conditional entry & exit orders.
If you are someone who would want to trade during bitcoin halving from your mobile phone while at work, Koinfox has got your covered. The mobile app offers features such as placing advanced orders, managing the portfolio and managing trade positions while ensuring secure exchange access. At this point in time, it is also offering special cashback. Check it out now.
Bitcoin halving is an event that draws in new users who have never used cryptocurrency or blockchain technology. If you are new to the crypto space or are someone who wants to dive a bit deeper into cryptocurrencies before your start trading, then Cryptominded is the platform for you. It has all the resources that one would need to become an expert in cryptocurrencies. You can explore their guides, newsletters, and other resources to know everything you want to about cryptocurrencies.
Not all investors are in for instant trading, some believe in purchasing before bitcoin halving and wait a few months before exiting with huge profits. For such investors, hardware wallets are essential cryptocurrency products to safeguard their assets. Veteran traders and investors know that leaving you funds on an exchange is never a good idea. Even if the exchange is renowned or has insurance against hacking, your funds are never completely safe.
The best and most secure way to store your crypto assets is by using hardware wallets. These are offline devices and cannot be hacked unless the hacker has physical access to the device. Ledger Nano S, Trezor, and KeepKey are some of the well-known hardware wallets to store your funds.
Bitcoin is not immune to corrections and volatility, but bitcoin halving is that uncertain time period that occurs every four years where smart traders make a lot of money. You can too maximize your profit using these 3 products.
Disclaimer: This article is for information only and should not be taken as investment advice.
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