This trading FAQ for beginners gathers the questions readers send us most. Answers are deliberately brief; each topic has a full guide linked below.
- Crypto basics: how crypto works, USDT, Bitcoin
- Other markets: forex, stocks, how they compare
- Safety and costs: scams, choosing a platform, fees
Reader questions
Is GlixoCoin an exchange or a broker?
No. GlixoCoin is an independent information website. We do not offer accounts, trading, deposits, wallets, signals or advice, and we never contact readers about investments. If anyone uses our name to offer those things, it is an impersonation and you should report it.
What is the difference between a coin and a token?
A coin is native to its own blockchain and is used to pay that chain's fees, as BTC does on Bitcoin, ETH on Ethereum and TRX on Tron. A token, such as USDT, is created by a smart contract on an existing chain. Moving a token still costs a fee in the chain's native coin.
Which network should I use to send USDT?
Use the network the recipient's address belongs to. Tron (TRC20) addresses start with T and Ethereum (ERC20) addresses start with 0x. Select the same network on the sending side, compare the whole address, and send a small test first. A mismatch can make funds hard or impossible to recover.
How many bitcoin will ever exist?
At most 21 million. New coins are released only through the block subsidy paid to miners, which halves every 210,000 blocks, roughly every four years. It has been 3.125 BTC per block since the April 2024 halving, and the next halving is expected around 2028.
Is it safe to keep crypto on an exchange?
It is convenient, but it means relying on the platform to stay solvent, secure and honest. Platforms have failed and been hacked, and compensation schemes rarely cover crypto. Holding coins in your own wallet removes that dependence but makes you fully responsible for protecting your keys and seed phrase.
What is a seed phrase and who can I share it with?
It is a list of 12 or 24 words that can rebuild your wallet's keys on any device. Share it with nobody: not support staff, not a website, not a friend helping you set up. Any request for it is an attempt at theft. Store it offline, on paper or metal, somewhere safe from fire and prying eyes.
How does forex differ from crypto trading?
Forex runs from Sunday evening to Friday evening New York time, moves in small increments called pips and is usually traded with leverage that regulators cap for retail clients. Crypto trades every hour of every day, is far more volatile, and is often held without leverage on platforms with weaker protections.
Do I need a lot of money to buy shares?
Not necessarily. Many brokers allow small purchases or fractions of a share. Fixed dealing charges weigh more heavily on small orders, so compare the cost as a percentage of what you invest, and check that the broker is authorised where you live.
What fees should I expect when buying crypto?
Expect a trading fee or a spread built into the price, a card fee if you pay by card, and network or withdrawal fees when you move coins. Selling adds another trading fee. Always compare the full round trip rather than the headline rate on one side.
How do I know if an investment offer is a scam?
Guaranteed returns, pressure to act quickly, contact that started with a stranger, payment in crypto to an individual, and demands for fees before you can withdraw are the clearest signs. Check any firm on your regulator's register yourself and compare its contact details with the register entry.