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Which cryptocurrency pairs are recommended for beginners in London?

avatarJohn whiteDec 27, 2021 · 3 years ago3 answers

I am a beginner in London and I want to start trading cryptocurrencies. Can you recommend some cryptocurrency pairs that are suitable for beginners like me? I would like to know which pairs are relatively stable and have good liquidity. Also, it would be great if you could suggest some pairs that are commonly traded in London. Thank you!

Which cryptocurrency pairs are recommended for beginners in London?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! As a beginner in London, it's important to start with cryptocurrency pairs that are relatively stable and have good liquidity. Some recommended pairs for beginners include BTC/USD, ETH/USD, and XRP/USD. These pairs are commonly traded and have a high trading volume, which means you can easily buy or sell them without affecting the market price too much. Additionally, these pairs have a strong presence in London, so you'll find many traders and resources related to them. Happy trading!
  • avatarDec 27, 2021 · 3 years ago
    Hey there! If you're a beginner in London looking to dip your toes into the cryptocurrency market, I've got some recommendations for you. BTC/GBP, ETH/GBP, and LTC/GBP are popular pairs among beginners in London. These pairs allow you to trade cryptocurrencies against the British Pound, which can be more convenient for local traders. Remember to do your research and keep an eye on market trends before making any trading decisions. Good luck and happy trading!
  • avatarDec 27, 2021 · 3 years ago
    Well, as an expert at BYDFi, I can tell you that for beginners in London, it's advisable to start with well-established cryptocurrency pairs. BTC/USD, ETH/USD, and LTC/USD are some of the most recommended pairs for beginners. These pairs have a long trading history, high liquidity, and are relatively stable compared to some other volatile pairs. They are also widely traded in London, so you'll find plenty of resources and support. Remember to start small, learn the basics, and gradually expand your portfolio. Happy trading!