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How to trade Bitcoin How to buy and sell Bitcoin
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Date:2024-04-04 18:51:03 Channel:Exchange Read:
In today's era of surging digital currencies, Bitcoin has attracted much attention as the first star currency. Whether for investment or daily payments, Bitcoin has shown great appeal. So, how can you trade Bitcoin easily? Let’s unravel the mysteries of this digital world together.Learn the basics of Bitcoin tradingThe four most famous international exchanges:
Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
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.
Bitcoin trading isn’t as complex as traditional financial markets, but it’s still crucial to have some basic knowledge before trading. First, you need to understand how Bitcoin is traded, including exchanges, P2P transactions, etc. When choosing a trading platform, pay attention to the platform's credibility, security and transaction fees. The price of Bitcoin fluctuates greatly, so you must pay close attention to market trends and control risks when trading.Choose the trading platform that suits youChoosing the one that suits you among the many Bitcoin trading platforms is one of the keys to successful trading. Well-known Bitcoin trading platforms such as Coinbase and Binance have high liquidity and good user reputation. In addition, P2P trading platforms such as LocalBitcoins, Paxful, etc. also provide users with convenient trading methods. When choosing a trading platform, make an informed choice based on your needs and risk tolerance.Securely Store Bitcoin AssetsAfter making a Bitcoin transaction, it is equally important to safely store your Bitcoin assets. Cold wallets and hot wallets are common storage methods. Cold wallets are more suitable for long-term holding of Bitcoins, while hot wallets are suitable for frequent transactions. In addition, multi-signatures and the use of secure passwords are also effective measures to protect Bitcoin assets. Remember, the security of the private key is the real owner of the Bitcoin asset.Seize the trading opportunity and use trading strategies flexiblySuccessful Bitcoin trading requires not only technical analysis, but also a flexible trading strategy. Whether it is long-term investment or short-term trading, strategies need to be adjusted at any time according to market conditions. Stop-profit and stop-loss are commonly used risk control strategies in trading, which can help investors avoid risks. In addition, the fixed investment strategy is also a stable investment method that can diversify investment risks and reduce the impact of market fluctuations.Understand the risks and opportunities of Bitcoin tradingAlthough Bitcoin trading brings great opportunities, it also comes with risks that cannot be ignored. The Bitcoin market is highly volatile and prices may change at any time. Investors should remain rational and avoid making wrong decisions due to emotions. In addition, the anonymity of Bitcoin also brings some security risks, and users should pay attention to guard against network hackers and fraud. Only by fully understanding the risks can we better seize opportunities.ConclusionHow to trade Bitcoin? After we mine Bitcoin, we must eventually convert it into money in the wallet. First, you need to find a Bitcoin trading website on the Internet, and then sell the Bitcoin through the platform of the trading website. The focus here is on how to sell the Bitcoins you mine. The following is a brief introduction to the operation method.
Where can I watch the Bitcoin market? Bitong Index (www.bitong.top) provides the most professional digital currency trend analysis, market analysis and other multi-dimensional and all-round analysis services. The editor has made a Bitcoin price guide for everyone, click to view [Bitcoin BTC latest price].
The first step is to transfer your own Bitcoins
Here I take my trading platform as an example. The trading platform website is: Click the "Register" button to create a trading account of your own, as shown in the picture.
After we complete the registration process and successfully log in to the Bitcoin trading website, click the "Bitcoin Recharge" link on the left side of the page, as shown in the figure
Then you can see in the right pane that the system will automatically generate a Bitcoin recharge address for us, and the status is waiting for recharge. Remember this address, we will need to transfer our Bitcoins to this address later on our own mining website, as shown in the picture
Next, we open the website where we mine Bitcoin, that is, the mining pool website. I mine in BTC Guild, so I open
Website, log in with your own account, as shown in the picture
How to trade Bitcoin
Then click the "Manual Payout" button on the page to manually transfer the Bitcoin, as shown in the picture
Since I don't have enough Bitcoins currently, I can't complete this operation and can't demonstrate it here. If you have already mined Bitcoin, you can use this entrance to transfer your Bitcoin to the address you used to recharge on the trading platform, as shown in the picture.
After we successfully recharge to the trading platform, return to the trading platform and click the "Transaction Query" option under the transaction. You can see all your transaction records, including recharges and sold Bitcoins. Here you can see the record of a recharge in June this year, as shown in the picture
END
Step 2: Sell your Bitcoin on the trading platform
When we successfully transfer our Bitcoin recharge to the trading platform, we can sell our Bitcoin on the trading platform. On the trading platform, click the "Sell Bitcoin" option under the trading column, as shown in the picture
How to trade Bitcoin Bitcoin trading platform
Then select the type of sell order, the amount of Bitcoin sold, and click the "Place Sell Order" button to continue, as shown in the picture
After the order is successfully placed, you will see a prompt message, as shown in the picture.
Similarly, this record of selling Bitcoin can also be seen in the transaction query under the transaction column.
When the transaction is successful, you can withdraw it to your bank card in RMB. Under Account Management on the left side of the page, click "RMB Withdrawal" and then fill in the required format in the right pane. Finally, click the "Withdraw" button, as shown in the picture
Note: The minimum withdrawal amount of this trading website is 200 yuan. In addition, if the verification code cannot be received by the mobile phone, you can also click "Get Voice Verification" and a phone call will automatically call the mobile phone to report the verification code.
Finally, the system prompts that the withdrawal is successful, as shown in the picture.
To sum up, we also know that no matter which trading platform you are trading on, the general process is to transfer the Bitcoins you have mined to the Bitcoin address designated for you by the trading website. When the transfer is successful, you can sell your Bitcoins on the trading platform. Of course, if you want to sell, you can also do it on the trading platform website.
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