How to buy Tether from Kenya

eToro is an excellent brokerage for those who want to buy Tether from Kenya

Why do we recommend it?

1. You can make investments in countless of different goods
2. Leverage is allowed
3. User-friendly and simple
4. It offers other successful investment strategies so you can copy them
5. You can short sell

Official homepage: www.etoro.com/tether

If you are interested in purchasing Tether from Kenya, eToro is certainly the best option.

eToro is known for making “social trading” a trend, a revolutionary form of investing in which traders can emulate the moves of other investors who have been making earnings over time.

If you are still a rookie or haven't gained much experience in investments, eToro is very helpful. You can rest assured that you are making a smart investment since the site duplicates those from subjects with a great deal of expertise. Also, in case you are an investor, the platform pays for your knowledge.

Another thing to mention is how manageable the interface is, which turns out perfect for new users that are learning all about the trading world.

Have you heard about “leverage”? We'll put it simply:
the good thing about trading is that it lets you invest more money than what you really have. Let's say that you enter with $ 100 and you choose to leverage x2, you will be actually investing $ 200.

Why using leverage and how to do it

Assuming that, for example, you are sure that Tether is going up, and that you have $ 1,000 for “going long”, you must know that you can increase your investment and earn higher profits.

You could consider asking for a credit, but you must know that all the process takes time, and when you receive the money, Tether might be already at a much higher price, so you wouldn't be able to invest the way you planned.

Leverage is like a credit, but it is only a few clicks away! You will be able to invest (and earn) much more than what you have on the platform's wallet. It is simple, before investing you will see the different options as in the image below:

When operating with other kinds of assets you can use higher leverage. This is because leverage is most used for short-term operations, and cryptocurrencies tend to be a medium or long-term investment. But let's deepen a bit more on how all this works:

• If you decide to invest $ 1,000 and you use leverage x2, you will be starting with $ 2,000 ($ 1,000 was “borrowed” from eToro). 
• A few days later, Tether does increases, as you thought, and now the cost of your investment is $ 2,400 (20% higher), so you decide to sell back because you want to play it safe. 
• The $ 1k of leverage will be deducted, and you will have $ 1,400 left; which means the net profit is $ 400, since the other $1,000 was yours initially.

With $ 1000 you get $ 400, in other words, 40% more. That's not bad at all.

But watch out: if all goes as you intended and the price goes up, you will make money. Nevertheless, if the price goes down, you will also lose more money really fast.

Let's imagine that the asset didn't increase by 20%, but it decreased also by 20%, you won't lose $ 20 but $ 40, because of the leverage. That is why to operate with leverage it is very important to be familiar with two other concepts: Take Profit and Stop Loss.

Take Profit is a trading limit you can set for your assets: you ask the platform to sell them once they get to a point above the entry price. For instance, you can buy Tether at $ 100 and ask eToro to close your position automatically when it reaches $ 120. It is very useful to avoid being blinded by greed: a 20% profit is usually very good, but once you see the price has risen, you might think you can make higher profits, which is not always the case. Consequently, you might lose money if you don't close on time. So, Take Profit helps you reduce risks when trading.

Also, if you use leverage you absolutely need to place a Stop Loss order (take into account that any small loss is greater with leverage). You always need to mark a Stop Loss lower than that suggested by the broker.

How do Contracts for Difference Work?

It is possible that you have seen the acronym CFD more than once if you entered eToro before. Before we explain this further, we must say that cryptocurrency trading on the platform is only CFD when you are short-selling.

If you want to know about day trading cryptocurrency or other advanced operations, you will also meet concepts such as short-selling and leverage.

With CFDs you can operate on eToro even if you are “in red” or don't have a positive balance. For example: you are sure that the Tether will go down, so the logical thing is to think “if it is going to depreciate or go down in price, I'll simply wait until it does and then I'll bet”. However, if it really falls, it might mean extra money for you.

You can accomplish that by “going short”. Here's how it works:

• You ask for a loan of, let's say, 100 units of Tether, which total price at the moment is $ 5,000 (obviously, these numbers aren't real)
• You make $ 5,000 by selling the 100 units
• As you thought, the price falls, and the unit of Tether now costs $ 30 instead of $ 50
• You obtain the 100 units again, but at their current price, $ 3,000
• Then you pay back the 100 units
• The difference is yours, so, you will have made $ 2000

It all sounds more complex than it really is. Just take into account that by trading in Tether on eToro, you can make a profit when you anticipate the price will fall.

How does eToro work?

As we have mentioned before, one of the best features of eToro is its simplicity: anyone can invest without having to read endless explanatory texts.

You won't have any problems with the interface if you are familiar with any other social network.

We will explain, roughly, the registration process and the different tabs that you will find.

First, you will have to enter your personal data.

They will also ask you about your previous trade experience.

But don't feel like you are taking an exam. They only intend to find out about your previous experience and knowledge to determine which instruments to recommend for you.

Let's review the different tabs of the platform.

With the “Set Price Alerts” tool, you'll be able to program an alarm when a security is at a certain price. Just click the tab and you will be able to set it. This is helpful in case you want to purchase an asset and you are waiting for it to decrease.

The section “News Feed” allows users to interact and learn from each other by sharing their opinion and experiences.

In “Discover” you will find the investment tabs: “Instruments”, “People” and “CopyPortfolios”. And we already mentioned the different financial instruments on eToro:

• Cryptocurrencies
• ETFs
• Stocks
• Commodities
• Currencies
• Index funds

In the section “People” are all the profiles and historical performances of other investors, and you can replicate their movements with just one click. This is where the “social trading” term is best applied.

You can search for those traders that you find more interesting. When you select an investor and indicate how much money you want to invest, eToro will automatically replicate their movements, in proportion. If you invest $ 1000 and the trader puts 20% of their funds in an asset, eToro will also invest 20% of your money in the same asset, in this case, $ 200.

Lastly, you will also find the CopyPortfolios divided into three main categories: “Top Trader”, “Market” and “Partner”.

In some cases, you might prefer copying to CopyPortfolios than to individuals, since the former offer more diversity. The portfolios are identified so you can recognize them easily: one about gaming, another about large drone companies, another about pharmacy … You think that a certain industry is going to have success in the future? Then look, because surely there is a CopyPortfolio about it.