CryptoTT Trading Exchange

Cryptocurrency Trading Trinidad and Tobago

Cryptocurrency (digital assets) trading is the buying, selling or holding of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) amongst others, with the aim of generating a profit from short, medium or long term fluctuations in their prices.

The digital asset which we will focus on in this article is BTC, also known as XBT. You can easily exchange USD to BTC using the CryptoTT exchange

To complete the exchange you may use your PayPal account, Bank transfer and Cash deposit.  

Once you have your BTC you can also exchange one cryptocurrency for another for example Bitcoin (BTC) for Ethereum (ETH).

Why use CryptoTT exchange instead of other exchanges?

Bitcoin exchanges work the same way as traditional exchanges, enabling investors to buy the cryptocurrency from or sell it to one another. But there are a number of advantages to cutting them out of the equation entirely and using CryptoTT:

  • They lack proper regulation, public records and the infrastructure needed to respond quickly to support requests
  • Their matching engines and servers are unreliable, which can result in the suspension of markets or reduced execution accuracy
  • They impose fees and restrictions on funding and withdrawing from your exchange account, while accounts themselves can take days to acquire

code: XBT vs BTC

Since Bitcoin is decentralized, there is governing body, nor standart to dictate what notation should be used for it. “BTC” has been the generally accepted abbreviation for Bitcoin since the early days of its creation.

“XBT” is a new abbreviation for Bitcoin that is starting to come into use, and reflects its growing legitimacy as an international currency.

The abbreviation “XBT” comes from the International Standards Organization (ISO) that maintains a list of internationally recognized currencies. The standard dictates that if a currency is not associated with a particular country, it should begin with an “X”, hence “XBT”. Another example of this is the abbreviation for gold, “XAU”.

Trading glossary 



A cryptocurrency is a digital asset designed to facilitate peer-to-peer financial transactions and smart contracts on the internet in a decentralized manner.

Fiat currency

A fiat currency has no intrinsic value and is established as legal tender by a government. Examples include the US Dollar (USD) and Euro (EUR).


Currency pair (market)

In order to trade one currency for another, there must be a market (also known as a “currency pair”) linking both currencies. In a currency pair, the price indicates how much of the quote currency is required to buy one unit of the base currency. For example, a price of 10000 USD for BTC/USD means that 10000 USD is required to purchase 1 BTC.

Base currency

The first currency in a currency pair is called the base currency. For example, in the currency pair BTC/USD, BTC is the base currency.

Quote currency

The second currency in a currency pair is called the quote currency. For example, in the currency pair BTC/USD, USD is the quote currency.

Order options

Limit order 

A limit order will buy (or sell) at a pre-specified price or better. 

Market order 

A market order will buy (or sell) at the best average market price. 

Stop loss order 

A stop loss order is used as a closing order to limit your losses or lock in your profits on a long or short position. 

Take profit order 

A take profit order can be used to set a target profit price on a long or short position. In most exchanges the profit price can be set in terms of absolute price, or as a percentage. 

Filled order

An order can be “partially” or “fully” filled. To fill a buy or sell order is to match it with one or more orders of the opposing type. Buy orders are filled by matching with sell orders; sell orders are filled by matching with buy orders.

Order book

The order book is a list of unfilled buy and sell limit orders. It is used by an exchange to fill market orders at the best available price.


An order listed on the sell side of the order book


An order listed on the buy side of the order book 

Bid/Ask depth

The Bid/Ask Depth represents the cumulative volume of buy and sell orders at a particular price. The bid depth at a given price is the cumulative volume of current buy orders on the book at that price or higher, while the ask depth at a given price is the cumulative volume of current sell orders on the book at that price or lower.

Bid/Ask spread

The difference in price between the highest bid and the lowest ask on the order book.

A market order will fill in this gap if there are matching market orders of the opposing type sufficient to fill it. Otherwise it will fill, at least in part, using limit orders of the opposing type.

Depth chart

A visual representation of the demand and supply at different price levels. The bid/ask depth available for Kraken markets only shows the bid and ask depth of limit orders on the order book.


Liquidity describes the amount of activity on a market. High liquidity means a high volume of activity in a market where lots of parties are willing to take the other side of a trade.


A market’s volatility is its likelihood of showing rapid and unpredictable price movements.

Margin Trading

Collateral currency

A sufficient balance in one or more collateral currencies is required to trade on margin. This is because margin trading uses the funds of the exchange you have chosen instead of your own.


Leverage allows you to place trades in larger amounts than what you have in your trade balance.

For example, a trade balance of 10,000 USD increases your buying power to 50,000 USD when trading on margin and using 5x leverage.


When trading on margin you are using the funds of the trading platform/exchange to place orders, as opposed to directly using the funds deposited or held in your account.

To create a margin position, you need to select a leverage between 2x and 5x from standard trading platforms and up to 100x on specific trading platforms that allow you to over leverage your position. Note that This can magnify your profits, though it can have the same effect on your losses. Margin and leverage trading are only recommended to experienced traders, or should be done under the direct supervision of your CryptoTT consultant. 

Risk Management

Before using leverage, take time to fully understand it and the risks involved. This is your money at stake, so it’s worth your time to walk through everything carefully.

Large positions created using leverage can quickly amplify your losses and even wipe out your deposit if you aren’t careful.

Opening a leveraged position should be considered a short-term trade, not a long-term investment.

Sensible risk management should be employed when trading with leverage: you should set both a stop loss and a profit target for every open position.

Trading with a CryptoTT consultant

Trading cryptocurrencies can be highly risky on your own, if you want to learn how to trade like a professional and more importantly how you can do it for profit, you can book a personal coaching session. CryptoTT offers individual, one-on-one coaching as well as Group Coaching for your team. 

What moves bitcoin’s price?

While bitcoin’s volatility makes the cryptocurrency an attractive opportunity, it also makes it a particularly risky market to speculate on. Its price can shift significantly and suddenly – and since the bitcoin market operates 24/7/356, this can happen any time of day. 

As a decentralised currency, bitcoin is free from many of the economic and political concerns which affect traditional currencies. But as a new and ever changing market, still in its adolescence, there is a lot of uncertainty entirely unique to the cryptocurrency.

Any one of the following factors could have a sudden and significant impact on its price, and as such you need to learn to navigate the risks. CryptoTT consultants are here to guide you through and help you every step of the way. 

Bitcoin supply

There will be a finite supply of bitcoins – 21 million, all of which are expected to be mined by 2040 – but even so, availability fluctuates depending on the rate with which they enter the market, as well as the activity of those who hold them.

BTC Market cap

The value of the bitcoin market – and how valuable it is perceived to be – both influence whether traders will look to get in on a surging opportunity, or short the latest pump.

Bad press

All currencies are affected by public perception, but no more so than bitcoin, whose security, value and longevity is still in question by sceptics and speculators.


Bitcoin’s profile will depend on its integration into new payment systems, crowdfunding platforms and more.

Industry adoption

Bitcoin is getting embraced by businesses across the globe, and it remains to be seen what impact a more significant standing on the corporate stage will have.

Key events

Any number of major events could have serious implications for the cryptocurrency, including regulation changes, the loss of confidence in fiat currencies around the globe, macroeconomic setbacks and more 

Bitcoin trading strategies

Day trading 

Take a position based on anticipated short-term movements, and close it out at the end of the trading day, or when you hit your mark. 

This strategy should be used if: you want to respond to short-term opportunities in the bitcoin market, in light of developing news or emerging patterns.

Swing trading 

Catch trends the moment they form, and hold onto the position until the trend runs its course or shows signs of a reversal.

This strategy should be used if: you want to capitalise on opportunities from market momentum.


Place frequent, intraday trades on minor price movements.

This strategy should be used if:  you want to put yourself in a position to make small, continuous profits, rather than wait for one significant breakout or breakdown.

Automated trading

Automate your trading processes to react to changeable market conditions on your behalf. Best to use when you have hired CryptoTT professionals to supply you with daily or weekly information about the trades of your choice.

This strategy should be used if: you’d prefer to be a passive trader. CryptoTT consultants will help you set up your stop and buy limits, to make the entire process as easy and straightforward for you, as possible. 

Trading cryptocurrencies can be highly risky on your own, if you want to learn how to trade like a professional and more importantly how you can do it for profit, you can book a personal coaching session. CryptoTT offers individual, one-on-one coaching as well as Group Coaching for your team.