This trading FAQ for beginners gathers the questions we hear most often about crypto, stablecoins, currencies and shares. Answers are deliberately brief, because a first question usually needs a clear direction more than a long lecture. If one raises more questions, the linked guide goes through the mechanism step by step, and the glossary defines every term.
Two principles run through every answer. First, ArkonBit never tells you which coin, share or platform to buy; we explain how to evaluate them. Second, whenever a question involves leverage or crypto, the honest answer includes the risk of losing money, so you will see that point repeated. If your question is not here, the contact page is open, although we cannot help with individual accounts or transfers at any platform.
Guides referenced below: how crypto works, USDT, Bitcoin, forex, shares, costs and scams.
Short answers
Is ArkonBit an exchange or broker?
No. ArkonBit is an information website. We do not offer accounts, deposits, trading, wallets or advice, and we never contact readers about investments.
Which cryptocurrency should I buy?
We do not recommend coins. A sound approach is to understand what a token does, who controls it, what it costs to hold and how much you could lose without harm, and then size any purchase accordingly.
What is USDT?
A token issued by Tether that aims to stay worth one US dollar. It runs on several blockchains, and the sending and receiving network must match.
What is the difference between TRC20 and ERC20?
They are token standards on different blockchains. TRC20 runs on Tron with addresses starting with T; ERC20 runs on Ethereum with addresses starting with 0x. Fees are paid in TRX and ETH respectively.
How many bitcoin will ever exist?
At most 21 million. New coins are issued as block rewards, which halve roughly every four years; the reward has been 3.125 BTC since April 2024.
What is a pip?
The standard unit of movement in a currency price: 0.0001 for most pairs and 0.01 for yen pairs. On one standard lot of a USD-quoted pair, a pip is worth $10.
What does leverage of 30:1 mean?
Each $1 of margin controls $30 of exposure. Gains and losses are calculated on the full exposure, so a 1% adverse move costs 30% of the margin.
When are markets open?
Crypto trades all the time. Forex trades from Sunday 17:00 to Friday 17:00 New York time. Stock exchanges run fixed weekday sessions, such as 09:30 to 16:00 in New York.
What fees should I expect when trading?
At least the spread, plus possibly commissions, overnight financing, currency conversion, withdrawal and network fees. Add them up before trading.
How can I tell if an investment offer is a scam?
Be wary of anyone who contacts you first, guarantees returns, steers you to a particular platform or asks for a fee before a withdrawal. Check the firm on the regulator's own register.