how to start crypto

Essential Steps to Start Crypto Trading Journey in 2024

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Tags: Bitcoin trading, Buy cryptocurrency, Crypto trading

Are you eager to learn how to start crypto trading? As the popularity of cryptocurrencies continues to soar, so does interest in trading them. However, navigating this complex and volatile market can be daunting for beginners. Fear not! In this article, we’ll outline essential steps to start your crypto trading journey in 2024, providing you with the foundational knowledge and tools needed. This guide will set you on the right path to success in the world of crypto trading.

What is Crypto Trading?

The inherent volatility of cryptocurrencies and their potential for significantly higher returns than traditional investments have increased the allure of crypto trading in recent years.

Crypto trading involves speculating on cryptocurrency prices by engaging in the buying and selling of the underlying coins through exchanges.

With increasing mainstream interest in crypto trading, a wave of newcomers is entering the market, eager to acquire trading skills and knowledge.

For those seeking to gain expertise in trading and understand the dynamics of the crypto market, enrolling in a cryptocurrency certification course offers an opportunity to become a Certified Cryptocurrency Trader.

Distinguishing Crypto Trading from Forex Trading

Forex trading, also known as foreign exchange (FX), involves the exchange of one currency for another for various purposes. It operates as a network facilitating currency transfers between buyers and sellers at agreed-upon values.

In contrast, crypto trading is characterized by higher volatility, with markets prone to significant fluctuations. Additionally, compared to the cryptocurrency market, forex markets typically boast higher liquidity owing to their long-standing history of activity.

Steps on How to Start Trading Cryptocurrencies

Let’s explore how to start crypto trading.

Choose a Crypto Broker Platform

In the realm of crypto trading, selecting the right brokerage platform is paramount. These platforms serve as gateways connecting traders to the world of cryptocurrencies. While some may opt for exchanges, others may prefer brokerage services provided by platforms such as Plus500, Exness, Moneta, eToro, or Vantage.

Total Fees
Visit Provider
CFDs and forex, Stocks, ETFs, Crypto
  • Platform offers an engaging communal experience
  • Cryptocurrency holdings may be transferred off the platform
  • Comprehensive educational resources
Variable spread
30:1 and other
1% for buying or selling crypto
CFDs: Crypto, Indices, Forex, Commodities, Shares, Options, ETFs
  • Support 24/7
  • Fast and reliable order execution
Tight Spreads
No internal deposit fee
• FX • Metals • Indices • Cryptocurrencies • Stocks • Energies
  • Priority Customer Support
  • Exclusive educational materials
  • Enhanced trading analytics
  • Dedicated account manager
Tight spreads starting from 0.0
Depending on payment method
vantage fx
49 global currency pairs, commodities, index CFDs, stock CFDs, ETFs, metals, commodities, energy
  • Open an account in under 5 minutes
  • Trade at home or on the go with MT4/MT5 or phone app
  • Low minimum deposit of $50
Tight Spreads
1:1 – 30:1
No fees
moneta markets
1000+ financial instruments, including Foreign Exchange, Commodities, Indices, Share CFDs, Cryptos, ETFs, and Bonds
  • ECN spreads from 0.0 pips
  • Moneta Markets has regulatory status in one tier-one jurisdiction
  • 3 platforms: MT4, MetaTrader app and next-gen ProTrader
$3 per side for every 100,000 units
70 crypto-pairs, 49 forex pairs (usdzar as well), 5 metals, 26 Indices, 130 stocks, 6 oil and gas, 6 agriculture assets
  • instant registration allowing access to your account
  • usability of the platform
  • almost all popular trading underlying assets in one platform
Spreads from 0.00
3% + inactivity fee


Renowned for its user-friendly interface and global presence, Plus500 offers seamless trading experiences across various cryptocurrencies. With a diverse range of tokens available, including Bitcoin (BTC), Ethereum (ETH), and more, Plus500 caters to both novice and experienced traders alike.

Our recommendation:
Invest with Plus500

Broad asset selection in equities and options
Free and unlimited demo account
Advanced free-of-charge analytical trading tools
Global and regulated fintech platform


Exness offers a dependable platform for buying and selling cryptocurrencies, and millions of traders trust it worldwide. Offering a wide array of payment options and competitive spreads, Exness ensures a hassle-free trading experience.

Our recommendation:
Invest with Exness

Priority Customer Support
Exclusive educational materials
Enhanced trading analytics
Dedicated account manager


With its intuitive interface and extensive range of supported cryptocurrencies, Moneta is a popular choice among crypto traders. Whether you’re looking to trade Bitcoin, Ethereum, or other altcoins, Moneta offers a streamlined trading process.

Our recommendation:
Invest with Moneta Markets

Moneta Markets has regulatory status in one tier-one jurisdiction.
Holds indemnity insurance to provide protection.
DupliTrade and Zulutrade are available for social copy-trading.
moneta markets


Known for its social trading features and innovative investment tools, eToro allows users to engage in crypto trading with ease. Through eToro’s CopyTrading feature, users can replicate the trading strategies of successful investors, making it ideal for beginners.

Our recommendation:
Invest with eToro

Platform offers an engaging communal experience
Cryptocurrency holdings may be transferred off the platform
Comprehensive educational resources


Offering advanced trading tools and access to a diverse range of cryptocurrencies, Vantage caters to the needs of both casual and professional traders. With competitive fees and robust security measures in place, Vantage ensures a secure trading environment.

Our recommendation:
Invest with

Low cost forex broker
Open an account in under 5 minutes
Trade at home or on the go with MT4/MT5 or phone app
$0 commission trades on gold CFDs
vantage fx

By selecting a reputable brokerage platform like Plus500, Exness, Moneta, eToro, or Vantage, you can start crypto trading with confidence and convenience.

Selecting a Crypto Wallet

When it comes to storing and managing your crypto assets, choosing the right wallet is crucial. Let’s explore the different types available.

Hot and Cold Wallets

Crypto wallets are categorized as hot or cold based on their internet connectivity. Hot wallets are online and convenient for daily transactions but are less secure. In contrast, cold wallets are offline, offering enhanced security for long-term holdings. Hot wallets are ideal for frequent transactions, while cold wallets provide greater protection against risks.

Hardware Wallets

Hardware wallets are physical devices designed to store public addresses and keys securely. They resemble USB drives with OLED screens and buttons for navigation. These battery-less devices can be connected to a computer via USB and accessed through native desktop applications. While they are more secure than hot wallets, they are less convenient than web or desktop wallets. Popular hardware wallet options include Ledger Nano S and Trezor.

Other Wallet Options

In addition to hardware wallets, you can opt for mobile wallets like Coinomi and Mycelium, desktop wallets such as Exodus, Bitcoin Core, and Electrum, or web wallets like MyEtherWallet and MetaMask. Web wallets come in two varieties: non-hosted, such as MyEtherWallet, and hosted, including Binance and Coinbase.

Stay Informed with Crypto News

Once you’ve selected a crypto exchange platform and a suitable wallet, staying informed about crypto-related news is essential before making any investment decisions. Platforms like Cryptosoho provide valuable insights into various crypto assets, including market capitalization, supply, trade volume, and more. Keeping track of such information empowers you to make informed investment choices.

Wrap up: How to Start Crypto Trading?

We trust that this article has equipped you with the necessary knowledge to embark on your cryptocurrency trading journey confidently. For those seeking further insights into trading strategies and cryptocurrency investment, exploring top-notch certification courses from the Blockchain Council can be invaluable. By becoming a Certified Cryptocurrency Trader through their reputable programs, you can enhance your expertise in this dynamic field.

Stay informed and connected with the latest news:

1 Top Cryptocurrency to Buy Before It Soars 4,500%, And 5 More

When is the Next Crypto Run?

Will the Bitcoin price reach 100,000 USD in 2025?

Disclaimer: The information provided in this article is for educational and informational purposes only. It does not constitute financial or investment advice, nor is it intended to be a substitute for professional financial advice.

Cryptocurrency trading and investing involve inherent risks, including but not limited to market volatility, regulatory changes, and potential loss of funds.