How can I buy cryptocurrencies outside of regular market hours?
J TDec 28, 2021 · 3 years ago3 answers
I want to buy cryptocurrencies, but I often find that the regular market hours don't align with my schedule. Is there a way for me to buy cryptocurrencies outside of regular market hours?
3 answers
- Dec 28, 2021 · 3 years agoAbsolutely! One option is to use a cryptocurrency exchange that operates 24/7. These exchanges allow you to buy and sell cryptocurrencies at any time, even outside of regular market hours. Some popular 24/7 exchanges include Binance, Coinbase, and Kraken. Simply create an account, deposit funds, and you're ready to start trading. Keep in mind that the liquidity and trading volume may be lower during off-peak hours, which could affect the execution of your trades.
- Dec 28, 2021 · 3 years agoIf you prefer a more peer-to-peer approach, you can also consider using decentralized exchanges (DEX). DEX platforms, such as Uniswap and SushiSwap, operate on blockchain technology and allow users to trade cryptocurrencies directly with each other. These exchanges are available 24/7 and don't rely on a centralized authority. However, be aware that DEX platforms may have lower liquidity and a limited selection of cryptocurrencies compared to centralized exchanges.
- Dec 28, 2021 · 3 years agoAnother option is to use over-the-counter (OTC) trading desks. OTC desks are typically used for large-volume trades and cater to institutional investors, but some platforms also offer services for retail investors. These desks operate outside of regular market hours and provide personalized assistance to help you buy cryptocurrencies. One example of an OTC trading desk is BYDFi, which offers a wide range of cryptocurrencies and supports both retail and institutional clients.
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