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3 years ago

What is Nitroex (NTX) | What is Nitroex token | What is NTX token

In this article, we’ll discuss information about the Nitroex project and NTX token

NitroEx is a reliable and highly-secure crypto currency exchange platform that enables crypto enthusiasts from all over the world to buy and sell cryptocurrency from a wide range of available digital assets. The crypto exchange is aiming to put power in the hands of traders to smartly invest and earn with the virtual currencies without having to worry about the transaction or network security.

Investor Benefits

NitroEx facilitates a hassle-free ground to the investors and supports a myriad of virtual digital currencies right from Bitcoin to Ethereum, Ripple, Litecoin, Holochain and Tether. The dedicated support team ensures that every query and investor doubts are heard 24x7.

Irrespective of the trader’s location, the extensive support team at NitroEx are trained to provide statistical details and comparative market analysis that are accurate to the prevailing and live market trends.

Vision

NitroEx has its objectives rooted deep down to offer high-level network security and promotes seamless transactions through automated constraints and Smart Contracts. It is devised to offer easy withdrawals and deposits whilst measuring the investors’ portfolio performance and keeping a close tab on traded assets in one convenient place. NitroEx aims to provide substantial financial stability and healthy trading relationships with legal compliance and exalted standards.

Secure Your NitroEx Account in 6 Simple Steps

1. Create a strong password and use trusted password managers

Ideally, these passwords should be more than eight characters long, containing both uppercase and lowercase letters, numbers, and special characters. One of the best ways to generate, manage, and store secure passwords are password managers. This way, you can hold and manage your different passwords in a secure and convenient way, all in the same place.

2. Change password regularly

Having a strong password is an excellent first step, but it doesn’t mean you’re set forever. It’s also good practice to change your passwords regularly, as attackers may have ways to obtain your passwords regardless. This is not only true for your NitroEX account, but also your email associated with your NitroEX account.

3. Enable Two-Factor Authentication (2FA)

Activating Two-Factor Authentication (2FA) should be among the first things you do after creating a NitroEX account. NitroEX supports two types of 2FA: SMS and Google Authentication. Out of these two, we recommend Google Authenticator. Just make sure to write down your reset key in case you need to transfer your 2FA codes to a new mobile phone.

4. Learn about phishing and be careful

Phishing is a type of attack where a malicious actor tries to pose as someone else (for example, a exchanges) to obtain your personal information. It’s one of the most common attacks out there, and you should be careful about it.

5. Check the list of Latest Login History

You can check the devices that are authorized to access your NitroEX account in the Latest Login History tab. When using the NitroEX app, you can find this tab under the “Account” -Overview tab. If you see any devices you don’t recognize or don’t use anymore, check them. You can also check account activity, that is, what IP address was your account accessed from and when. If you see anything suspicious, immediately change your password your account.

6. Check e-mail Information being updated

While we’re using your email, here’s another point to consider — it’s beneficial to use different email addresses for different accounts. This way, you can mitigate some of the potentially detrimental effects of data breaches. Especially if you’re using an old email account, there’s a high chance that it has been part of a breach in the past. However, if you’re using dedicated email addresses for each service, there’s a smaller chance that a breach will affect multiple of your accounts. The website haveibeenpwned is a good resource to check if any of your accounts were ever the victim of a data breach.

A Beginner’s Guide to Cryptocurrency Trading With NitroEx

Ensuring profitability and long-term success in cryptocurrency trading is subject to well-formulated strategies, tools, and reliable trading platforms. If you have never traded before, it is critical to understand the fundamentals of a crypto asset and a whole range of other details that relate to crypto trading.

In this guide, we will furnish you with the basic trading principles to get you started for your cryptocurrency journey. Learn everything you need to know before investing in Bitcoin, Tether, Ethereum, and other digital assets.

Making your first move

As a beginner, the following two items are essential for cryptocurrency trading

  • A cryptocurrency wallet
  • A cryptocurrency exchange

The next thing you would want to consider while trading cryptocurrencies is selecting how to trade:

  • Trade dollars to crypto

For instance- USD to BTC or LTC to USD

  • Trade crypto to crypto

For instance- BTC to ETH or ETH to LTC

What regulates the price of a cryptocurrency?

Utility

Utility refers to the usefulness of a digital asset. The more functional a cryptocurrency is, the more credible it is to be foreseen as a ‘valuable asset’, and thus, the more probable it is to be bought.

Let’s consider Ethereum for example, crypto and blockchain experts regard it as the most serviceable network that also serves as a platform to build decentralized apps. It features neoteric applications of blockchain technology in the form of an application store instead of a medium for exchange. It is a highly acclaimed network that has built a powerful reputation in the eyes of global investors in recent years. As a result, Ethereum is categorized as a high utility cryptocurrency that commands top market value.

Supply and Demand

The price of a cryptocurrency depends on various factors including supply & demand that affects the market rates of digital assets.

For instance, Bitcoin is the most accredited and widely-known cryptocurrency in the world. It is the primary reason why crypto enthusiasts are exceedingly interested in buying and investing in BTC assets. In fact, currently, there is an approximate circulation supply of 16.7 million BTC coins according to the reports. In comparison to its peers, the number of Bitcoins available for trading is quite low.

When weighed against the astounding demands BTC has witnessed over a span of a few years, its low supply is believed to be the driving force behind its price surge.

Market Sentiment

While trading cryptocurrencies, it is likely that you will transition between multiple positions at a higher frequency. Therefore, we, at NitroEx crypto exchange, recommend novice traders to step in with meticulous research about cryptocurrency trading factors.

Read the latest articles and updates on a cryptocurrency you wish to indulge in. If you are intending to buy a crypto coin that has no real coverage, chances are that your position will fester and decline. On the other hand, getting a clear insight into the sentiments surrounding a cryptocurrency will enable you to filter useless digital coins having bleak chances to undergo any price movements.

Understand when to cash out

Seizing crypto trading benefits ultimately comes down to knowing when to sell. The crux of the process is deciding whether to continue or close the crypto investment at the right time.

The professionals at NitroEx crypto exchange understand that getting into digital trading is easy, whereas, realizing when to get out is relatively difficult. In simple terms, there are two different aspects of evaluating your investment:

  • **Closing a trade after earning profits: **Determining when to take your winnings out of your trade is vital for making financial gains. Cryptocurrencies can experience substantial growth or dip in its market prices, therefore, you should never delay in encashing your profits. Also, you shouldn’t be too quick and miss out on the extra returns in case the prices further skyrocket to a new level.
  • **Cutting your losses: **If a trade goes too wrong, you want to be prepared to cut down your losses while also not jumping out too early in case the crypto value recovers.

There are many ways to scrutinize your investments as a beginner when you trade cryptocurrencies.

Types of trading

If you are interested in making market investments, there are mainly two types of cryptocurrency trading available for the traders:

  • Intraday or short-term trading

As the name suggests, it implies buying and selling of cryptocurrencies over the period of a few hours or the entire day. Intraday trading facilitates the possibility of leveraging short-term price swing benefits without having to wait for a longer span of time.

  • Long-term trading

Traders who wish to buy and hold cryptocurrencies for prolonged time do so with long-term trading. They may hold their digital asset investment for a week, month, or years depending on the market demands. Conducting extensive research on price fluctuations enables long-term traders to make informed decisions without enduring the short-term value dips.

Selecting the right cryptocurrency trading platform

Market trading might feel like a reserved undertaking for the financial elites but it is actually a myth. With the growth of cryptocurrencies and online currency exchanges, trading is more accessible than ever. As a beginner, all you need to know is how to pick the right cryptocurrency trading platform. Some of the key highlights include:

  • **Cryptocurrency availability: **There are thousands of digital assets in the market but only a few are high-performing. Instead of getting distracted by crypto links, we suggest you go for exchanges that offer leading cryptocurrencies for making initial investments.
  • **Trade fees: **A lot of your investment profit is decided by the commission fees charged by various cryptocurrency trading platforms. High trade rates cut down the investment returns, leaving you with a constricted ROI.
  • **Investment amount: **We recommend beginners to analyze their trading strategies. Opting for exchanges that accept minimum investment amounts might work the best for you.

We, at NitroEx, ensure that our product offerings meet the different demands of users. From wide liquidity pools to high-security standards, top market pairs to lowest trade fees, we furnish a myriad of cryptocurrency exchange services for effortless trading experience.

Getting started with NitroEx crypto exchange

The foremost step to start crypto trading is to create an account on a cryptocurrency exchange platform. At NitroEx, we recognize the needs of our users and therefore we furnish an intuitive and clutter-free trading platform for beginners and professionals alike.

The steps for signing up with NitroEx crypto exchange is easy:

  • Create an account and fill a simple application form for KYC validation.
  • Wait for your account verification.
  • Fund your account.
  • Start buying and selling cryptocurrencies.

**Note: **KYC is only required for withdrawals. KYC is not mandatory for trading and making deposits.

Trading is more simple with Automated Trading

With automatic Stoploss Take-Profit features is completely free for NitroEx Exchange users. Dear users, NitroBot equipped with the most advanced AI technology tried until we do better, brought you the experience of the past. Very Soon with you.

You will be able to download it and start to use the best automatic trade application with your NitroEx Account easly.

Who should use it:

Long-term investors who want to earn regular monthly earnings are for exchange users who do not have time to trade in the crypto market that is open 24/7.

The clock is ticking, share the link, and earn 1000 NTX tokens. If you are still not registered to NitroEx, register from this link  https://www.nitroex.io/sessions/register

Share it and tag 3 friends on Twitter and invite 3 of your friends to register NitroEx.

Be one of the users who won 1000 NTX.

How and Where to Buy NTX token?

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase NTX from the exchange.

The top exchange for trading in NTX token is currently Hotbit

Find more information NTX

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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What is Nitroex (NTX) | What is Nitroex token | What is NTX token
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