The principle of the work of the exchange of the crypto currency is no different from the exchanges working exclusively with dollars, yen and other common currencies of the world. How much can you earn on the exchange of crypto currencies? Very much, but for this it is necessary to buy Bitcoins cheaply, and to sell — it is expensive.
The difference between the first and second indicator will be your net profit. The frequency of such procedures and the success of transactions will directly affect your income. But as practice shows, even despite unstable fluctuations in the price of crypto currency, successful traders can steadily and quite a lot make money on this structure.
How much can you earn on the exchange of crypto currencies?
Specific figures are difficult to provide, because the initial income depends on capital, market knowledge and the difference between buying and selling.
The auctions themselves are held in the form of an auction. The current exchange rate is established by the broker, he takes into account the rate of previous trades, and also — focuses on the Central Bank. The collapse of the exchange rate can do anything — even bad weather. Therefore, the trader must keep the situation under control. One of the most common mistakes novice speculators — the drain of foreign exchange reserves in the fall of the exchange rate. Beginners do not know how to wait, they are afraid to lose even more and often — they remain in the red.
Earnings on the exchange of crypto currency requires patience and patience.
The article is in the translation stage, and is still being updated. I’m sorry for the mistakes. Good reading.