Since cryptocurrency was introduced just more than one decade ago, it’s popularity and public acceptance have advanced so much and this needs no more evidence, because it is reflected in the price and the variety of coins.
As cryptocurrency is decentralized and backed by internet users, the system has been strengthened because more users are joining the crypto world, either as coin holders or traders. Also, thanks to the massive amount of crypto supporters, the price of cryptocurrency keeps rising as the value is actually determined by the public.
The popularity of cryptocurrency is undeniably rising, regardless of some negative thoughts about it. You may find some shops or restaurants around you starting to accept Bitcoin as one of the payment options. Now, you know that cryptocurrency is so popular, but how to make money with it? Well, crypto currency is one of the digital assets that is kept in your digital wallet. It is nothing complicated but acts as another investment option for you. Meanwhile, with its special characteristics, there are many ways to make money with your crypto currency.
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Registering for a BingX account.
How to make money with Crypto Currency
Spot Trading
Just as your other investment products, the most direct and simplest way of making a return is to buy at low, sell at high. The cryptocurrency player will need to study the potential coins, and look for the best time (a.k.a low price) to buy it, then hold until the price of coins rises to a satisfied number and sell it out. Spot trading is nothing complicated, it is as simple as buying and letting it rest in your digital wallet, and selling it when you think it reaches its highest in a certain period. The price difference is the earning that you’ll get.
One of the characteristics of cryptocurrency is the fluctuation of the price, it easily fluctuates up to 5% a day. While some might think it is highly volatile, crypto currency players see it as an opportunity. Fluctuation means bigger and often price differences for them to buy and sell their coins! Well, if you’re new to cryptocurrency, you may start with rather stable coins like Bitcoin and Ethereum. Also, you may visit BingX, the most popular Malaysia crypto exchange platform, not only do they provide a reliable cryptocurrency exchange platform, but they also provide the latest information about the crypto news. Users may get any updates that may cause the fluctuation of the price of the cryptocurrency. You may read it and get some idea of buying or selling your coins.
Be a Crypto Trader
Another good way to make money with cryptocurrency is crypto trading. Instead of just holding the coin and waiting for its value to appreciate, trading with cryptocurrencies gives you a chance to double or triple the value of your digital assets in a rather short time span. Many cryptocurrency exchanges provide all traders out there a chance to better make earning with crypto coins. There are many crypto coins available on trading platforms to serve various traders’ preferences. Conservative traders may like to only trade popular coins like Bitcoin or Ethereum, while risk takers might want to trade some other coins to aim for bigger profits.
While the crypto market is getting bigger and bigger, many crypto exchanges are joining the crypto space. Crypto exchanges act as a platform to keep our crypto assets secure, hence choosing the right crypto exchanges wisely is so crucial in order to ensure our digital assets are safe and sound.
Characteristics of a Good Crypto Exchange
Trading Volume
The public confidence in a crypto exchange is reflected in its trading volume. We may conclude as the larger it is, the more people are confident in putting their digital assets with the crypto exchange.
Not only that, but a larger trading volume also means better liquidity on the platform. Just like you always prefer to open an account with a well-known bank or investment agency because public acceptance and confidence are high, choosing your trading platform wisely is the first step you need to do.
In BingX, you will clearly see the real-time order book and trades that are going on from all traders trading with BingX. All of the buy and sell orders are clearly displayed on the trading page with no delay.
As of now, BingX has over 5 million users from around the world. And its massive active users are reflected in the order that keeps refreshing.
Variety of Trading Pairs
If you are new to crypto trading, you might like to start trading with a popular pair like BTC/USDT or ETH/USDT. What if you are an experienced trader and looking for other pairs? Here at BingX, you will get all you need. The variety of trading pairs is ready to serve your trading needs.
As soon as you land on the page of derivatives trading in BingX, you will be able to check all of the available trading pairs. Not only that, BingX has grouped the trading pairs into different categories in order to ease the traders to find their preferred pairs. For example, the available categories are MEME, Hong Kong zone, DeFi, Metaverse, Web3, and many more that you may check on the platform.
Account Security
The first and most crucial part of determining the best crypto exchange is its platform security measures. Just like most crypto trading platforms, BingX requires new users to pass the KYC process. All of the new users with BingX are required to submit personal documents to verify the genuineness of personal data, only genuine and verified accounts are allowed to trade. Meanwhile, BingX takes the KYC process seriously to do research on users. The due diligence process is important to block money laundering, it makes sure the trading activities are legal.
Not only that, BingX applies two-factor authentication while users are logging in to the platform. It definitely provides more protection to all BingX users.
Convenience and Secured Payment Method
A good trading platform should consider traders’ convenience in cashing in and out. Now how to buy crypto? With BingX, you’ll have several payment options and traders are free to choose which is more convenient to them.
Buy and sell crypto with BingX
Registering for a BingX account.
The 2 images above illustrate how simple the buy and sell activity looks. Just input your desired crypto coins and amount, and BingX will calculate your estimated output. Also, there are 2 payment methods provided by BingX currently, that is MoonPay and Alchemy. You will clearly see on the page which method offers a better rate, and you may proceed to pay with your credit or debit cards, as simple as that.
Buy with Bank Deposit
What is better than being able to use bank deposits for your fiat to crypto exchanges? It must be the lowest bank transfer fee offered by BingX. At BingX, you can choose your own preferred payment method to buy your coins. Be it credit or debit card or bank transfers, you will eventually pay securely and get your coins in time.
Reasonable Trading Fees
Trading fees must be a considerable factor when traders are choosing their crypto exchange. The lower the trading fees, the better because it causes a lower effect on your profits. Some trading platforms offer extremely low trading fees to attract customers. You may need to study the background of this kind of platform on this genuineness. BingX provides reasonable trading fees to its users. Not only that, all of the fees including withdrawal fees, taker fees, and other possible fees are clearly stated on the interface. The fee structure is always updated to give its user an idea of the possible charges. Users will get to know the potential fees before approving any trade or transaction.
Registering for a BingX account.
Bonus Points of BingX
New user rewards
New to BingX? Here are the rewards you may get.
Mystery Box for New Users
Simply sign up with BingX to stand a chance to win up to 200 USDT! It is a huge benefit to all new users as you will be given a mystery box to win USDT. 200 USDT is equivalent to 0.0086 bitcoin (as of May 2023). You may hold it or start trading with the free coin!
Deposit to Receive USDT
Not only that, if you’re new to BingX, you will get free USDT as a reward by simply just depositing it into your account. Up to 5,000 USDT are ready for grabs depending on how much you deposit into your account. Also, it does not expire. So, utilize the free USDT gained and start to buy crypto coins or trade. The more you deposit, the bigger the reward.
Copy Trading Subsidy Voucher
If you are a newbie trader, this is an excellent way to have a grasp on how to trade. BingX understands what a newbie trader worries and needs. Hence, a copy trading subsidy voucher is provided. While you are new to crypto trading, BingX helps to keep your profits and we cover your loss.
Win VST for Demo Trading
Wish to trade but not sure if you want to buy coins yet? BingX hears you. New users may sign up and 100,000 VST will be assigned to you. VST (Virtual USDT) is the analog token issued only by BingX. It can be used as a margin in Standard Futures or Copy Trading for demo trading. The profit generated from VST demo trading has no real value and can not be withdrawn. It provides new traders a chance to start trading with no pressure of losing money. New traders may only deposit real money and do more trading once they are familiar with it.
Registering for a BingX account.
Deposit & Trading Gifts
BingX appreciates and values every trade and deposit from all users. Therefore, rewards are designed for those who trade and deposit with BingX. Depending on the trading volume and deposit amount, different levels of rewards are ready to be claimed. Traders may use the rewards to buy more coins or do trading. With it, the initial margin of trading will be lowered, while the profit remains.
24/7 Customer Support
Having problems while using BingX? Customer support is available 24 hours. Just click the live chat icon at the corner and a compilation of general FAQs is ready for you. Don’t like to talk with bot? No worries, the live chat agent is online 24 hours as well. Talk to a real person about your problem and step-by-step instructions and guidance will be provided. BingX values customers’ needs and desires to provide on-time solutions to every customer. Always get the answers you need!
Referral program
On BingX, you may refer friends and earn crypto together. BingX encourages the expansion of users by introducing referral programs. Also, BingX values the loyalty of existing customers and their effort of bringing new users to BingX. Thus, rewards will be given for every valid referral. Users may find the referee code, link, successful referee link, and commissions earned. The more, the merrier.
Decent design of website and mobile apps
The user-friendly interface of the website and mobile apps of BingX is one of the most satisfying points for the users. The layout and categories of BingX are clear and easy to use even for the first-time user. All of the features you need on BingX will easily be found either on websites or mobile apps. Also, BingX is now available on Google Store and Apple Store. No matter if you are an Android or ios device user, you will be able to download it from the verified application market provider.
Join BingX Now —— Best Crypto Exchanges Malaysia – BingX
It could be confusing to choose the right crypto exchange platform. The common concerns from crypto traders are the reliability of the website. Remember to never trade with unreliable platforms as your digital asset placed with those platforms is not secured. BingX is a leading crypto exchange that offers spot, derivatives, copy trading, and grid trading services since 2018. BingX Group has also registered or obtained regulatory approval to operate in many countries. Hence, it is verified as a reliable crypto exchange.
Choose your trading platform wisely, start trading with BingX.
Join now at https://bingx.com/invite/NOKKS5HN , with referral code NOKKS5HN.
Sign up today to claim bonuses of up to 5125 USDT!
