How to Invest in Cryptocurrencies with the Olymp Trade Mobile App.

What are Cryptocurrencies?

Cryptocurrencies are virtual and digital coins that can be bought from Bitcoin platforms and be used in exchange for goods and services. They are globally recognized for transactions. At least you have heard about Bitcoin, to say the least. Examples of Cryptocurrencies include;

• Bitcoin
• Etherum
• Litecoin
• Dash
• Ripple

Cryptocurrency exchange values do not remain rigid.

They are volatile and the exchange value of certain crypto may be here today and way higher or lower the next minute, hour, day, week, month, and so on. This means you can be a Cryptocurrency investor, buying cryptocurrencies when prices are relatively low and selling them when prices shoot, making awesome profits on the currency differences.

Cryptocurrencies are based on blockchain technology.

This means transactions have to go through various blocks of verification making the transactions even more secure.

Note that if a transaction goes towards a certain direction, it cannot be reversed, and therefore thorough proof checking of wallet addresses is important – that is if you decide to be an old school Cryptocurrency investor.

The Olymp Trade Mobile App gives you a new, easy, and convenient way of investing in Cryptocurrencies. Let us go on and find out how you can make money on your mobile phone with Olymp Trade.

Investing in Cryptocurrencies with the Olymp Trade Mobile App.

The Cryptocurrencies we have introduced will be quoted as financial assets and their exchange values indicated alongside each on the financial markets. This means that you can trade them on various trading platforms.

Investing in Cryptocurrencies can easily be done using the Olymp Trade Mobile App.

The Olymp Trade Mobile App allows you to invest in cryptocurrencies on both Fixed Time and Forex.

The Olymp Trade Mobile App;

• Gives you access to the Cryptocurrency market.
• Gives you a wide range of Cryptocurrencies to choose from.
• Shows you the current market Cryptocurrency prices or exchange values.
• Allows you to carry out analysis to predict a fall or rise in Cryptocurrency prices.

So many technical indicators and chart analysis tools are available on the Olymp Trade Mobile App to aid in price prediction of Cryptocurrencies.

Fundamental analysis is also supported by the platform because if you are certain the direction in which a News event will take the price of a given Crypto, then the Olymp Trade Mobile App provides you with instant execution of your trades.

The following Cryptocurrencies can be traded on Fixed Time Basis on Olymp Trade Mobile App;

• Basic Altcoin Index.
• Ethereum Classic.
• Litecoin
• Dash
• Ripple
• LTC BTC.
• Bitcoin
• Zcash
• ETH BTC.
• Ethurium

The following Cryptocurrencies can be traded on Forex Basis on Olymp Trade Mobile App;

• LTC BTC.
• Ripple 
• Bitcoin 
• Dash 
• ETH BTC.
• Ethurium
• Ethereum Classic.
• Litecoin
• Zcash

Invest in Cryptocurrencies with the Olymp Trade Mobile App in the following easy steps;

1. Register on Olymp Trade.
2. Download the Olymp Trade Mobile App.
3. Log in to the Olymp Trade Mobile App.
4. Deposit money into your Olymp Trade Trading Account.
5. Choose Cryptocurrencies to Trade.
6. Trade the Chosen Cryptocurrencies.

1. Olymp Trade Registration.

You must be a registered trader to do anything with Olymp Trade.

Register here by providing your email address, setting your password, selecting a convenient currency, and then agree that you are of legal age. You will then be required to verify your email address and that’s all.

2. Olymp Trade Mobile App Download.

Download the Olymp Trade Mobile App from the Google Play Store for your Android device. Alternatively, download the App from the Apple App Store for your IOS.

3. Olymp Trade Mobile App Login.

The Login process on the Olymp Trade Mobile App is quite easy. You only need to;

• Enter your Email address and the password you set during registration.
• Solve simple recaptchas.

There you are, logged in.

4. Olymp Trade Money Deposit.

Hit the Deposit button to deposit money into your trading account. So many payment methods are supported by Olymp Trade including Bank Cards, E-wallets, Internet banking, and Mobile Money. The minimum deposit amount is $10 to only invest $1 per trade.

5. Choosing Cryptocurrencies to Trade.

Choose the Cryptocurrency you would like to trade in the following easy steps;

1. Log in to the Olymp Trade Mobile App.
2. Hit the Assets Button.
3. Choose whether to trade Fixed Time or Forex.
4. Select Crypto from the available buttons.
5. Choose the Cryptocurrency you want to invest in from the list.

6. Trading Cryptocurrencies.

Invest in Cryptocurrencies with the Olymp Trade Fixed Time Trades Platform;

• Choose the trade duration.
• Carry out technical or fundamental analysis to predict the direction the price is likely to be after the duration you have chosen.
• Place Up or Down Trade based on your prediction.
• Correct prediction at expiry earns you the specified percentage of the invested amount plus your invested capital.

Invest in Cryptocurrencies with the Olymp Trade Forex Platform.

• Carry out technical or fundamental analysis to predict the direction the price is likely to move to.
• Select a multiplier or leverage, for example, x50 means that your investment amount will be 50 times bigger than the amount you stake.
• Adjust your Take Profit which should not be too far or too close from the entry-level.
• Adjust your Stop Loss which should also not be so close or so far from the entry-level. Stop Loss and Take Profit must be set with a reasonable risk to reward ratio.
• Enter Buy or Sell Positions according to your prediction.
• Wait till your Take Profit is activated to earn the targeted amount of profit.