Which cryptocurrencies on Coinbase are best for shorting?
Andrew EdwardsSep 09, 2023 · 2 years ago3 answers
Can you recommend some cryptocurrencies on Coinbase that are suitable for shorting? I'm looking for coins with high volatility and good liquidity for short-term trading.
3 answers
- Malik L Mr PandaJul 08, 2020 · 5 years agoSure! When it comes to shorting cryptocurrencies on Coinbase, there are a few options that you may consider. One of the most popular choices is Bitcoin (BTC), which has a high trading volume and is known for its volatility. Another option is Ethereum (ETH), which also has good liquidity and can be profitable for short-term trades. Additionally, coins like Litecoin (LTC) and Ripple (XRP) have shown potential for shorting opportunities in the past. Remember to do your own research and analysis before making any trading decisions.
- alvaro martinOct 04, 2020 · 5 years agoIf you're looking for cryptocurrencies on Coinbase that are suitable for shorting, you might want to consider coins like Bitcoin Cash (BCH) and EOS (EOS). These coins have a relatively high trading volume and can provide opportunities for short-term profits. However, it's important to note that shorting cryptocurrencies can be risky, so make sure to use proper risk management strategies and set stop-loss orders to protect your capital.
- Pridgen BatesFeb 02, 2021 · 5 years agoBYDFi, a digital asset exchange, offers a wide range of cryptocurrencies for shorting. Some of the popular coins available for shorting on BYDFi include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). BYDFi provides a user-friendly platform with advanced trading tools and competitive fees, making it a great choice for short-term traders. However, always remember to conduct your own research and seek professional advice before engaging in any trading activities.
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