Market orders
A market order is the simplest type of order, in which you buy or sell crypto immediately at the best available price in the market.
Let’s say the current highest bid, or buy order, for one bitcoin is 35,000 dollars, while the lowest ask, or sell order, is 35,010 dollars in the order book.
If you place a market order to buy bitcoins, your order would be matched with the lowest ask, which is 35,010 dollars.
If you place a market order to sell bitcoin, your order would be matched with the highest bid at 35,000 dollars.
Limit orders 
A limit order is an order to buy or sell a crypto at a specific price or better.
For example,if you want to buy one bitcoin for $35,000 or less, you can set a buy limit order at $35,000.
If the price drops to $35,000 or less, your limit order will be executed and you’ll purchase bitcoin at that price.
But if the price never drops to $35,000, your order won’t be executed.
How To Use Crypto Wallets
A cryptocurrency wallet is a digital tool that enables you to store, send, and receive digital assets.
For beginners, a software wallet, often referred to as a hot wallet, is generally recommended. This type of wallet is user-friendly and easily accessible through desktop or mobile applications. It also offers a familiar and convenient user experience, and usually comes with customer support.
You can use hot wallets from crypto exchanges or download popular ones in the market, such as MetaMask. A hot wallet offers numerous benefits compared to your exchange account, including being able to do peer-to-peer transactions (without relying on an exchange) and exploring various decentralized finance (DeFi) services.
When using crypto wallets, it’s essential to follow good security practices such as enabling two-factor authentication (2FA),using strong and unique passwords, and keeping backups of your recovery seed or private keys in a safe place.
As you become more comfortable with cryptocurrency, you can explore cold wallets that offer a different set of advantages and limitations.
Which Cryptocurrency You Should Buy?
As a beginner in the world of cryptocurrency trading, deciding which cryptocurrencies to buy can be daunting. Here are some tips.
Most people start with well-known and established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These have a proven track record and are less risky options for beginners.
If you’re considering exploring lesser-known cryptocurrencies, it’s crucial to fully comprehend the associated risks, including the possibility of losing your entire investment.
Keep in mind that in the world of investing, risks and potential returns often go hand in hand.
Taking on higher risks might lead to greater potential returns, although it also raises the likelihood of losing your invested capital.
Starting small is good for beginners, as this allows you to learn and gain experience without risking too much capital.
Lastly, a common mistake beginners should avoid is FOMO (Fear of Missing Out):
Don’t rush into buying a cryptocurrency just because it’s surging in price.
Different Types of Cryptocurrency Trading
There are many crypto trading strategies that you can employ, each with its own set of risks and rewards. Let’s go through some of the most popular crypto trading approaches.
Day trading
Day trading is a strategy that involves entering and exiting positions within the same day.
Because cryptocurrency markets are open 24/7, day trading in cryptocurrency tends to refer to a trading style
where the trader enters and exits positions within 24 hours.
In day trading, you’ll often rely on technical analysis to determine which assets to trade.
Because profits in such a short period can be minimal, you may opt to trade across a wide range of assets to try and maximize your returns. That said, some might exclusively trade the same pair for years.