It is not possible to buy cryptocurrency through traditional exchanges. Rather, there are special cryptocurrency exchanges such as Bittrex, GDAX, Kraken or Poloniax.
However, if you want to trade in the short term, you cannot do without cryptocurrency exchanges. Unless you rely on derivatives . With derivatives, you don't buy cryptocurrencies directly, but you bet on the development of their price. You can do this, for example with different CFD providers.
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There are also certificates for the two largest cryptocurrencies namely Bitcoin and Ethereum. Last but not least, there is also an Exchange Traded Note (ETN) on Bitcoin. For other cryptocurrencies such as Litecoin, DASH, NEO or Monero, however, derivatives do not seem (yet) so advantageous.
Strategies for cryptocurrencies
In recent years, buy and hold has certainly proved to be the best strategy . You could buy almost any setback in the main cryptocurrencies, especially Bitcoin, and then "fall asleep". Given the steep upward trend, short positions would not have been a good idea, although sometimes they could have worked.
However, they had to react quickly, which private investors usually can't do. This is even more true considering that cryptocurrencies are subject to trading 24 hours a day, throughout the week.
However, the author wishes to give advice: it is perfectly possible to trade cryptocurrencies according to the technical technical considerations . This is especially true of Bitcoin, but essentially also of other cryptocurrencies.
The reason for this may be that the market is still a relatively free market, actually influenced only by supply and demand. Therefore, if you want to trade cryptocurrencies in the short term, you should become familiar with the graphic technique as soon as possible.
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