facebookShould I trade crypto on moomoo? - Seedly

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Anonymous

27 Nov 2024

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General Investing

Should I trade crypto on moomoo?

I've been using Moomoo for stock trading and noticed they now offer cryptocurrency trading. I’m curious to know if anyone here has tried it. Is it beginner friendly?

Discussion (7)

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Double check on the fees, might not be an ideal platform.

Cryptos are not beginner-friendly regardless of the platforms. So I think you should study more about crypto first. Personally, moomoo as a crypto trading platform charges higher fees than elsewhere, but at least moomoo is less likely to be insolvent (think of FTX). But of course, do your due diligence first.

If you don't understand the instrument (crypto), crypto is high risk and if you really want to try, just invest the money that you are really okay with losing.

Yes crypto is indeed high risk... (somewhat similar to certain equities as well) The risks involved ...

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