Cryptocurrencies

Cryptocurrencies brought a new era of exchanging mediums. They use blockchain technology to make the transactions secure, safe, and in real-time. Merely saying, cryptocurrency is a decentralized digital currency. Cryptos are stored in their wallets. Bitcoin might be stored in both online and offline electronic wallets.

Bitcoin and other cryptos

Bitcoin had led the cryptocurrency market since 2009 when it was launched for the first time. Bitcoin paved the way for other cryptos. It shaped the coming world for other cryptos; thousands of cryptos were released after Bitcoin. Many of them are called ‘altcoins’ since they are alternatives to bitcoins. Altcoins differ from Bitcoin, starting from the algorithms which produce them or the economic model they are based on. Some of the cryptos offer a more accessible programming language, so applications can build on top of the blockchain. Every trader should be aware of the cryptos they choose to trade. Some of the cryptos have nothing to offer.

When and where can you trade crypto?

Cryptocurrencies can be traded 24/7 since no other parties are controlling them.
You can practically trade any time during the day/week; you just need to pick the right moment.
The cryptocurrency market is not officially accepted by governments and central banks, even though they are doing well without their support.
Some countries have allowed bitcoin for many services; some others have banned it.

Even though Cryptos are traded around the clock, some of the moments are busier than the other periods of the day.

The most involved countries are the USA, Russia, and the UK. They have the largest crypto trading volumes.

It is not a strange thing that big moves on Bitcoin or other digital coins happen during Sunday midnight, which might penalize traders in different timezones.