Bitcoin is the leader of the cryptocurrency market. This asset has the largest market capitalization and the highest price. As of January 2023, the BTC to USDT pair is traded at $18. Being a mega-cap coin, Bitcoin always sets the market trends. Looking at the history of market fluctuations, we can see that Bitcoin is the first asset to rise and drop, followed by all other coins.
Bitcoin trading is so popular because of the high market cap. Why? The indicator of market capitalization shows the level of the asset’s dominance among its competitors. The higher the cap, the more attractive the asset is, so there is always demand for it. That is, when you want to buy or sell BTC, there will always be someone who wants to sell or buy this asset at that time.
Here are popular trading pairs in January 2023:
- BTC USDT
- ETH USDT
- ETH BTC
- USDT ETH
- LTC USDT
- MATIC USDT
- XRP USDT.
What is the Best Bitcoin Trading Platform?
Bitcoin is traded on all crypto platforms. However, you should be attentive when picking an exchange. Many services are not honest and charge hidden fees. Better use the largest platforms with a good reputation. If you are a beginner trader, the world’s biggest Binance may seem to be somewhat complicated, for it largely targets advanced investors. Consider registering on the WhiteBIT exchange – the most prominent European platform with an official license and registration. This service is easy to handle, even for a beginner trader.
How to Trade Bitcoin?
You can use the spot market and buy BTC at its current market price. In this case, you will receive coins in your account immediately after the trade is paid. Bitcoin is also actively used for futures trading. You may try both trading options on the WhiteBIT exchange. It offers a variety of tools for trading, including direct exchange p2p, trading with leverage, etc. Visit the WhiteBIT blog to learn more.
