How you use crypto determines what category you fit into in the crypto-sphere. Below I'll explain the 3 types of crypto users and how to know where you fit.

Crypto Trader

A crypto trader is someone that actively buys and sells crypto for profit within a short time frame like an hour, day, or few weeks.

A Crypto Investor

Is someone who deposits a large sum of money towards buying a cryptocurrency and plans to sell in the future. Crypto investing may involve months and years of holding an asset and waiting for it to see massive gains before taking a profit.

Crypto Enthusiast

Is someone who is curious about cryptocurrencies but doesn't have the required knowledge to invest or trade yet. A crypto enthusiast might have received some coins from a friend and is just beginning to see the value in the technology.

Differences

The main difference between a crypto trader and an investor is mostly the time frame between when they buy and sell their assets. Trading is riskier as traders aim for small amounts of profits constantly while investing waits for huge returns. Trading is actively done while investing is passively done.

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