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Can 10000 Bitcoins be cashed out Can Bitcoins be exchanged for

Date:2024-08-12 18:49:16 Channel:Crypto Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


With the rise of Bitcoin, some stories about the early days of Bitcoin issuance have been dug up by people. For example, when someone asked what investment projects there were, someone recommended Bitcoin, saying that you should buy some Bitcoin and then leave it alone. Although most people regarded it as a joke, a small number of people really bought some Bitcoin and kept hoarding it. Nowadays, Bitcoin can be said to be sold at a high price. Those who regarded it as a joke regretted it, while those who really bought Bitcoin were very happy and wanted to cash out by selling Bitcoin. So, can 10,000 Bitcoins be cashed out? The following coin circle editor will give you a comprehensive analysis of whether Bitcoin can be exchanged for cash at any time.

 Can 10,000 Bitcoins be cashed out?

At present, 10,000 Bitcoins can be cashed out, and a small amount of Bitcoin can be exchanged for cash at any time, but after the transaction, only legal currency is obtained. If you want to exchange legal currency for RMB, it is unlikely to be withdrawn quickly in the short term. And because the single value of Bitcoin is too high, each Bitcoin trading platform may not have such a large throughput to transfer cash. It is similar to going to a small bank and wanting to withdraw all the money you deposit at once. The reason is that you cannot withdraw all the money at once. Since the bank does not have so much money to withdraw it for you, you must make an appointment in advance and then collect money for you.

If it is assumed that there is no problem, the prerequisite still needs to look at the platform. At present, the top ten Bitcoin trading platforms are difficult to meet.

If you want to cash out all, there is a way, then the only way is to trade on the Bitcoin trading platform that you have been in front of reliable acquaintances. Small trading platforms have a group strategy, which is to use cloud trading to aggregate hundreds of small trading platforms for trading, and send out instructions at the same time, then your 10,000 Bitcoins are just a matter of minutes. Many people are still not aware of the existence of cloud trading platforms. In fact, the depth of cloud exchanges is very good, which is better than the exchanges of the top ten mainstream products. Because if an exchange has limited trading customers, the depth is insufficient and the transaction cannot be completed, the service fee for the transaction is too high. Therefore, cloud exchanges have the advantages of cloud exchanges, but there are also shortcomings, such as trust. Many small exchanges are easy to run away, so the credit is not very good.

 How to trade and withdraw Bitcoin

There are many exchanges that can carry out Bitcoin reminders, such as the Internet, etc. The following currency circle editor will take it as an example to tell you how Bitcoin transactions are carried out.

1. Log in to the website. If you don't have an account, you can create one. According to the red box prompts in the picture, select [Register with mobile phone number or email]--[Taiwan]--[Email] (QQ, NetEase 163, Sohu email are recommended) Fill in the email and password, and click [Register].

2. Identity authentication is required to purchase digital currency. You can perform identity authentication through [User Center]-[Identity Authentication]. On this page, you can view the current authentication level, which determines the transaction limit of your account on Binance. If you need to increase the limit, please complete the identity authentication of each level in turn.

3. After completing identity authentication, click [One-click Buy Coins] on the homepage to enter the transaction page

4. Then select [Self-Selected Area], select the appropriate merchant according to the amount, payment method, etc., and click [Buy USDT]. Pay the seller according to the pop-up prompt, click "I have paid" and wait for the seller to release the currency.

5. After obtaining USDT, click [Trade]--[Spot Trading] to enter the transaction page.

6. Search for Bitcoin, abbreviated as BTC, in the search box on the right, and pay attention to selecting the BTC/USDT trading pair.

7. Fill in the amount of BTC to buy and click Buy. If you want to sell, fill in the amount of BTC to sell and click Sell.

The above is a description of whether 10,000 Bitcoins can be cashed out and whether Bitcoin can be exchanged for cash at any time. Nowadays, many investors will grab the rebound of Bitcoin prices against the trend. It does not mean that you cannot grab the rebound. The key lies in the method. If you grab the rebound when the Bitcoin price trend is not stable, the operation risk will be much greater. Therefore, the editor of the currency circle reminds investors that those inexperienced investors should not take risks. Speculating on Bitcoin to grab the rebound requires not only certain operating skills, but also attention to fund management. Even experienced investors should be cautious.

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