Are cryptocurrency markets always open?
It’s a question that many people are asking themselves.
Cryptocurrency markets are always open. Unlike the stock market, they never close because they aren’t traded on regulated exchanges and not bound to a geographic location, and can be accessed from anywhere in the world 24/7.
This is one of the many reasons why cryptocurrency trading has become so popular over the last few years.
The cryptocurrency markets run from 12:00 to 12:00 UTC and are open 24 hours a day, 365 days per year.
Let’s delve into a few reasons why Crypto market doesn’t close and always open.
Here are the reasons why the Cryptocurrency market is always open:
1). Cryptocurrencies are Traded on an International Scale
The Crypto market operates 24/365 and does not close for holidays.
No closing time whatsoever.
It can be traded on an international scale with little to no lag times in trading between countries.
Cryptocurrency traders from every country monitor their screens constantly, so when a trader makes a purchase or sale of digital currency, they will know about it nearly immediately after the transaction has taken place.
This means that if you live in Australia and want to buy bitcoins at 11:30 AM GMT+00:00 (or any other time), then as soon as someone sells them to you, your bitcoin wallet will update within seconds.
2). In Case of a Market Crash, Cryptocurrency Markets are Open
In the case of a crypto market crash like there was in 2018 (or any other time), it is not uncommon for cryptocurrency trading to continue through the night and into the next morning until enough traders have exited their positions or stopped selling.
Within minutes of that happening, prices will jump back up again as buyers flood the markets with new money.
Since this happens all over the world at once, then closes from one country to another – what’s going on in Japan at 12:00 AM won’t affect anything that might happen in China around noon.
Because they’re two different countries entirely – the crypto market is always open.
3). Cryptocurrency is a Form of Currency
And stocks are not.
It’s a form of (digital) currency that is not controlled by banks or government.
Right now, a lot of huge firms are starting to accept cryptocurrencies as a form of payment.
Most people are taking advantage of the investment opportunities in cryptocurrency markets because they don’t feel like their money is being handled correctly by banks and government institutions.
Theres also been an increase in companies whose sole purpose is to trade digital currencies, and who have no other business operations or products at all.
Some people are using crypto for remittances, buying goods online with it, make payments on various social media networks that support Bitcoin and more.
What time of day is best to buy Cryptocurrency?
The thing is, the cryptocurrency markets are open 24 hours per day, seven days per week.
So, there is actually no best time of day to buy.
Rather, the best time or season to fill up your crypto bags is when the market is in red.
Meaning – when prices are low.
And if you believe that cryptocurrency is a bubble, then the best time to sell it off would be when its at a high price and there are some major developments in the market.
Theres no shortage of potential times where sellers could cash out their crypto currency holdings.
But for those who are looking to invest or buy more cryptocurrencies – do not wait too long because they may never know what will happen next.
What is the best way to trade cryptocurrency?
The best way to trade cryptocurrency is by using a decentralized exchange.
This will allow you to buy and sell your cryptocurrencies in real-time, with low fees compared to traditional exchanges as well as the ability for complete anonymity when desired.
Decentralized exchanges are powered by blockchain technology rather than the centralized system that most people have grown.
My favorite exchange still remains Coinbase.com.
What is the fastest way to get money out of Cryptocurrency?
The fastest and best way to get your money or convert your crypto coins into cash is to sell or exchange your coins through a cryptocurrency exchange.
You can do that with by transfering your coins to an exchange platform, then carry out the transaction. Some trusted crypto exchanges are Binance, Coinbase, Gemini and Kraken.
Final Thoughts
The cryptocurrency markets are open 24 hours a day, seven days a week.
This is because the market never closes for anyone or anything and it’s always accessible to traders globally with an internet connection.
This means that new buyers can purchase digital assets at any hour in order to take advantage of lower prices for Bitcoin or Altcoin on exchanges like Coinbase Pro when they’re low during off-peak trading periods.
