What is the difference between Crypto trading and forex trading??

[Ralphjoe]

you all got it right sire ,I don't know what and as to do with cryptocurrency, I really appreciate you for your kindness ,I'll try that ,but sir I know my question will sounds some how but please were can I create the account for (binance)

To create an account on binance you have to visit their website and then click on creating an account or better still you can download the binance application on the Google Play store if you are Android phone user and then you can proceed on registering an account there.

 

[Stylex]

To create an account on binance you have to visit their website and then click on creating an account or better still you can download the binance application on the Google Play store if you are Android phone user and then you can proceed on registering an account there.

that's great , I really appreciate you for been so kind ,I really really liked this attitude of helping others ,thank you for putting me and directing me through some ways ,thanks allot sire

 

[Ralphjoe]

that's great , I really appreciate you for been so kind ,I really really liked this attitude of helping others ,thank you for putting me and directing me through some ways ,thanks allot sire

You are very much welcome and while at it, you can make sure that you verify your account making use of any government given identification card so that you can be able to enjoy the full features of the platform.

 

[Stylex]

You are very much welcome and while at it, you can make sure that you verify your account making use of any government given identification card so that you can be able to enjoy the full features of the platform.

OK
thank you

 

[Skysaint]

Forex trading involves being able to determine the actual global financial fluctuations so you could manipulate it and make your earnings or profits while cryptocurrency is same just that you will be dealing with fantasy coins

 

[nimzy]

I dont think there is much any more difference between the two because all have the same desire for profit even though they take place in different platform and methodology.

 

[Ralphjoe]

I dont think there is much any more difference between the two because all have the same desire for profit even though they take place in different platform and methodology.

The fact that both cryptocurrency trading and forex trading all after profit does not mean that they are both the same full stop the thing is that both of them are different in the fact that they are both trading different assets why the forest trading are trading foreign currencies the cryptocurrency trade is trading cryptocurrencies.

 

[Ghost]

I don't really know about forex but Crypto trading requires you to buy a coin when offered by a seller at low price in the trading platform and you sell at high rate

They always seem kinda complicated to me. I believe forex trading is acquiring an asset for a price then trying to sell at an higher amount to make profit

 

[Maayong]

Cryptocurrencies are very volatile while forex markets are more stable. ... Such moves are rare in forex markets and mostly occur in exotic pairs. In this light, it is easier to control risk on forex, but the profit potential is bigger in crypto markets

 

[Kingstone]

Forex trading involves trading foreign currency trading while crypto trading involves trading crypto assets like Bitcoin, Litecoin, Dogecoin, etc. Forex is done five times a week unlike crypto trading that is every day bit it is more volatile than forex

 

[Toyoabasi]

I find this two categorized trading very difficult to understand, they are similar to each other almost with same features to get started with. Can any one out there help me to solve this issue that I'm finding difficult to understand?? I need basic knowledge about this two before I will embark, trading on them.

At some point it was difficult for me comprehending the two.
Forex (foreign exchange) trading entails buying, selling or exchanging fiat currencies digitally.
Cryptocurrency is digital currency, and they come in many forms. So, digital currencies can be bought, sold, or exchanged here.

 

[tray59]

Forex trading involves being able to determine the actual global financial fluctuations so you could manipulate it and make your earnings or profits while cryptocurrency is same just that you will be dealing with fantasy coins

Yes forex market is all about this its involve the proper determination of currency fluctuation its involve the buying and selling of currency of different pair in many part of the world.so for this instant I think its better than some hyip

 

[Godspower]

Forex has do with with trading in currencies while crypto involves buying and selling cryptocurrencies. Dealing in Forex is a bit more difficult than cryptocurrencies,though but are profitable.

 

[Sincerem]

At some point it was difficult for me comprehending the two.
Forex (foreign exchange) trading entails buying, selling or exchanging fiat currencies digitally.
Cryptocurrency is digital currency, and they come in many forms. So, digital currencies can be bought, sold, or exchanged here.

That's exactly what digital currencies is all about. You can't withdraw it as fiat, it is not minted, its operation is centred to only digital. But crypto is encrypted, which makes it decentralized for exchange.

 

[CeeJase]

The distinct difference between cryptocurrency trading and Forex trading is the commodity that's being traded in the market. With cryptocurrency, it's digital currency like Bitcoin and the rest while Forex is trading on fiat currencies like dollar and others.

 

[Good-Person]

I never use forex, but crypto trading its a little bit dangerous

Crypto trading is not "dangerous" rather it is risky because you risk a good amount of money. I have suffered from loss as I sold my coins when the prices fluctuates. You must avoid selling coins when it dips in value and you will less likely suffer from loss.

 

[Skysaint]

Yes forex market is all about this its involve the proper determination of currency fluctuation its involve the buying and selling of currency of different pair in many part of the world.so for this instant I think its better than some hyip

You're right about that. It's way more better than considering to be part of a Ponzi scheme, although some of my friends do boast about making money from such sites but I think I would rather prefer forex trading to it

 

[Victorial]

They are very similar in their mode of trading. Forex trading means foreign currency trading which involves trading currency pairs like yen, dollar, etc while crypto trading involves trading coin pairs like btc, litcoin etc. Forex trading is done on weekdays compared to crypto trading

 

[HayKay]

In forex trading, you trade currencies and currency pairs. In crpyto trading, you trade cryptocurrencies. The thing about crypto trading is that you'll see a lot of lookalike indices that mirror the forex market and that's because the forex market existed first.

 

[Kaffyfolla]

e the foreign exchange markets, which are only accessible 24 hours a day, five days a week, cryptocurrency markets are open 24/7. There is always an opportunity to buy or sell a cryptocurrency, regardless of which cryptocurrency exchange you use. Think of cryptos as a byproduct of today’s digital society. Just like the always-on, always-connected digital world, cryptocurrency price moves wait for no-one.
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e the foreign exchange markets, which are only accessible 24 hours a day, five days a week, cryptocurrency markets are open 24/7. There is always an opportunity to buy or sell a cryptocurrency, regardless of which cryptocurrency exchange you use. Think of cryptos as a byproduct of today’s digital society. Just like the always-on, always-connected digital world, cryptocurrency price moves wait for no-one.