Cryptocurrency Trading Hours
What is the best time to trade Bitcoin and other cryptocurrencies?
Unlike traditional markets, cryptocurrencies can be traded at anytime. Bitcoin and other digital currencies are trading 24/7 on a growing number of online exchanges.
Although you can trading crypto at anytime that does not mean you should. Savvy traders know it is best to trade when volumes are high. Lower volume can lead to less favorable rates. Like Forex Trading, volume can be light outside of the trading hours of the major global markets or on major banking holidays.
Crpyto trading volume is less strongly linked to traditional market hours than forex trading but there is still a correlation.
When is the best time to trade crypto?
It is best to trade when volumes are high. But when is that?
Typically volumes are highest after times of low volume. For instance, when markets first open after a major financial holiday volume is usually up. With crypto there is no set "opening time." However, traders can look at timezones in different countries to predict when the majority of traders will be online.
Cryptocurrency trading is less mainstream than traditional investing. As a result there are fewer institutional investors and a higher percentage of retail investors. Individual investors do not follow the traditional market hours. Individual may work late, on holidays, or weekends when normal markets are closed. While forex trading is considered 24/5—24-hours a day, 5-days a week—crypto is truly 24/7/365. The markets never close.
This all means it is hard to predict the optimal time to trade crypto. But many investors rely on the same tricks used for choosing forex trading hours. Look at the time period when two different global financial markets are open. For example, most of the United States is just waking up when it is the afternoon in Europe.
Charts & Volume
TradingView.com is a great resource for tracking price and trading volume of crypto, forex, stocks and commodities.
Cryptocurrency exchanges let you trade fiat currency (U.S. Dollars, Euros, etc) for crpytocurreny. Many exchanges also let you trade coins and tokens on their platform.
Coinbase is the industry leader for buying and selling Bitcoin, Ethereum and Litecoin. The site is safe, easy-to-use and offers competitive rates. Use Coinbase for converting your USD or EUR to crypto. Because Coinbase supports a limited number of digital currencies, you may want to transfer your crpyto to a different platform for trading.Visit Coinbase »
Binance is a full-feature crpyto trading platform. Once you have some Bitcoin you can transfer those funds to Binance to trade. Binance supports all of the largest cryptocurrencies and ERC-20 tokens. Binance offers all of the features an experienced trader would expect.Visit Binance »