Sign Up

5 Benefits of Cryptocurrency Trading

5 Benefits of Cryptocurrency Trading

*OspreyFX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.

Are you looking to trade digital assets but remain unsure whether it’s a good venture? Perhaps you got attracted to the idea of trading crypto from the momentum it keeps gaining and the positive news surrounding its future. While trading cryptocurrencies definitely has its challenges, it also has a lot of advantages. If you are serious about starting to trade digital coins, then it’s crucial to understand how you can leverage crypto. That’s why we compiled the top 5 benefits of cryptocurrency trading in this article.

Advantages You Can Leverage

Transparency and Security

A key aspect of any financial transaction is its transparency. In the case of cryptocurrency, the personal information of traders remains private and securely stored in blockchain technology. Indeed, blockchain made it possible to have transparent transactions while maintaining privacy. This means your digital wallet is visible but your own details aren’t. Therefore reducing risks of identity theft and other scams. This high-level security offered for digital currency trades is an appealing characteristic for many.

Low Fees and Freedom of Payment

In contrast with traditional currency trading where traders usually pay a non-negligible fee, transactions with cryptos have very low or non-existent fees. In addition to that, digital asset holders have the freedom to make payments with their coins after engaging in the market.

24/7 Market

Similar to the Forex market, the cryptocurrency market is available to trade 24 hours a day, 7 days a week. That’s due to the fact that there is no centralized governance over the market. All digital currency transactions occur directly between people via exchanges. While there may be periods of downtime when there is an infrastructure update, these are typically brief. These market hours offer a lot of flexibility to traders who can plan their schedule and trade whenever they want, and wherever they are.


So far, in their short yet tumultuous existence, cryptocurrencies have experienced true extremes. Various factors continue to have a considerable impact on the value of crypto assets. Thus contributing to the coins’ high volatility. However, this is the very trait that appeals so much to traders. Volatility brings opportunity. And if you learn risk management and how to control the anxiety that inevitably accompanies such price fluctuations, you can be on top of your trading game.

Ability to go Long or Short

Yet another good aspect about trading cryptocurrencies is that you have the flexibility to choose a long position or a short one. This refers to a long-term hold of your asset and day trading. Thus giving the opportunity to different types of traders and investors to get in on the action according to their own objectives. In fact, holding a long-term position means the investor believes the future will be bright and expects the coin’s value to rise. While day traders try to leverage price fluctuations that occur during a day. Both methods are effective for participants in the cryptocurrency market.

Benefits of cryptocurrency trading

In Conclusion

At the end of the day, the most important thing for traders is learning the skills they need and acquire enough knowledge to make solid strategic and technical decisions. Of course, this applies to successfully trading any type of asset. Since their inception, cryptocurrencies have shown to offer many advantages. Nevertheless, the relative novelty of cryptocurrencies makes them seem strange for some traders who may not perceive the benefits associated with digital currencies. That’s another reason to keep learning and reading up on the latest updates. All the more because cryptos tend to be volatile. So it’s always sensible to be informed and trade wisely to make the best out of your cryptocurrency trading.

Want to Trade Forex?

OspreyFX is the perfect partner to help you on your trading journey. We pride ourselves on offering our traders the right tools needed to ace the markets, traders can now trade with better insight with our Forex Calculators

24/7 Crypto Trading

Trade Forex, Crypto, and Stocks with up to 1:500 Leverage on a True ECN Forex Broker.
Sign Up