Did you know? In the world of crypto assets, there are many ways to make a profit! The two most famous ways are trading and mining. Then, what is the difference between the two methods?
As we know, mining has the meaning of mining. This is one of the processes to get Bitcoin and or other crypto assets. The mining process is usually carried out by thousands of computers around the world that are connected to the internet and not by individuals or companies, you know!
But, what exactly is mining activity? Well, mining is usually done to mine through crypto assets by recording the transaction system from one crypto asset to another.
For example, for example, the recording of the Bitcoin crypto asset is carried out on the blockchain. Well, this mining process will receive the value of the crypto asset compensation for the mining carried out. Usually, the form of compensation is in the form of crypto assets that we mine!
Then, what is trading?
So, trading itself is taken from the word in English which means “trade”. As the name suggests, trading is an activity of buying or selling crypto assets, where you can get trading profits from the difference between buying and selling prices.
For example, you buy a crypto asset at a low price. Then, when the price goes up, you can sell it! Later, the difference from the price will be your profit.
Trading can be done on crypto asset marketplaces, such as Indodax which allows anyone to make transactions for buying and selling crypto assets.