What is crypto profit-taking?

Selling a cryptocurrency to lock in profits after it has increased significantly is known as crypto profit-taking. Crypto profit-taking may have an impact on a single cryptocurrency, or even the entire crypto market.

How do you make a profit in crypto trading?

You make a profit on your crypto asset when you sell your crypto for more than the price at which you bought it, and you make a loss when you sell it for less than what it cost you to buy it. When calculating your profit in cryptocurrency trading, a good point to start is knowing and taking into account your breakeven price.

How to calculate crypto profit?

To achieve this, you can calculate your crypto profit by multiplying by the percentage increase in the value of your crypto asset. To do so, you have to multiply the price at which you bought the crypto (breakeven price or entry price) by the corresponding percentage expression.

What is cryptocurrency & how does it work?

Cryptocurrency is decentralized digital money that is based on blockchain technology and secured by cryptography. To understand cryptocurrency, one needs to first understand three terminologies – blockchain, decentralization, and cryptography. Enjoy zero crypto deposit fees and industry's best fee rates.