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How to buy and sell Bitcoin on your mobile phone Tutorial on bu

Date:2024-05-04 19:16:53 Channel:Exchange Read:
In today's digital era, Bitcoin, as a virtual currency, has become a hot topic in the financial field. As interest in Bitcoin investing continues to grow, more and more people are exploring how to buy and sell Bitcoin on their mobile phones. This article will give you a detailed and comprehensive tutorial on how to easily buy and sell Bitcoin on your mobile phone, allowing you to navigate the world of digital currency smoothly.
Buying and selling Bitcoin on your mobile phone is not a complicated matter. As long as you master the correct methods and techniques, you will be able to do it with ease in this field. First, in order to buy and sell Bitcoin on your mobile phone, you need to choose a safe and reliable Bitcoin trading platform. The Bitcoin trading platform is your gateway to the Bitcoin market, so it is important to choose a reputable and easy-to-operate trading platform. For example, well-known trading platforms such as Coinbase and Binance provide mobile APPs, allowing users to conduct transactions anytime, anywhere, conveniently and quickly.
After you choose a trading platform, the next step is to register an account and complete identity verification. Registering a trading platform account on your mobile phone is usually very simple and only takes a few steps to complete. However, in order to ensure transaction security and comply with regulatory requirements, most trading platforms require users to complete identity verification. This typically includes steps such as uploading a photo of your ID and performing facial recognition to ensure your account is safe and secure. Once you've completed registration and identity verification, you can start buying and selling Bitcoin on your phone.
When buying and selling Bitcoin on your mobile phone, you need to pay attention to market fluctuations. Bitcoin is a highly volatile asset and its price may change at any time. Therefore, when buying or selling Bitcoin, it is recommended that you pay close attention to market dynamics and seize the opportunity to trade. Some trading platforms provide real-time market monitoring functions. You can check the price trend of Bitcoin at any time through your mobile phone and make wise trading decisions.
In addition, when buying and selling Bitcoin on mobile phones, you need to pay attention to transaction fees. Different trading platforms may have different methods and standards for collecting transaction fees. Some platforms adopt a fixed rate, while others charge based on a proportion of the transaction amount. When choosing a trading platform, in addition to considering security and convenience, you must also pay attention to the transaction fee rate to avoid high transaction fees that affect transaction profits.
In addition to buying and selling Bitcoin on your phone, you can also manage your Bitcoin assets through a mobile wallet. A Bitcoin wallet is a tool used to store and manage Bitcoins, helping you keep your Bitcoin private keys securely. Some trading platforms provide online wallet functions, and you can manage your Bitcoin assets directly on the trading platform; while some users prefer to use hardware wallets or cold wallets to store Bitcoins to improve asset security.
In general, buying and selling Bitcoin through mobile phones is not only convenient and fast, but also allows you to participate in Bitcoin market transactions anytime and anywhere. As long as you choose the right trading platform and master the correct trading methods, I believe you can also earn huge profits in the world of Bitcoin, a digital currency. I hope that the mobile Bitcoin buying and selling tutorial provided in this article can help friends who are exploring the field of digital currency and allow you to easily navigate the Bitcoin trading path.

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.

According to market data, the market value of Bitcoin is US$335.786 billion, the number in circulation is 18.5383 million US dollars, and the 24-hour transaction volume is US$11.509 billion. As of the time of writing, the price of Bitcoin is US$18,255.28, with a return on investment of 7.3021 million times, thus attracting many people to invest. , and for newbies in the currency circle, how to buy and sell Bitcoin is the most urgent problem that needs to be solved, especially now that we are in the mobile era. So, how to buy and sell Bitcoin on mobile phones? Below, the editor of Coin Circle has compiled a tutorial on buying and selling Bitcoin via mobile phone for investors’ reference.

 How to buy and sell Bitcoin on mobile phone?

1\. Taking the website as an example, after logging in, select the "Quotes" button at the bottom to enter the quotation list interface, where you can see the daily quotations of each currency:

2\. Select the corresponding trading pair to start trading; for example, if you want to exchange USDT for BTC, just click on the BTC/USDT trading pair under the USDT list:

3\. After clicking on the trading pair, you can enter the trading page of this trading pair:

4\.
Then you can choose limit/market trading according to your needs. The so-called limit transaction is a pending order transaction. You can set the buying/selling price yourself, and the transaction can be completed when the market price fluctuates to the price you set; when the sell pending order price is lower than the current market price, the transaction will be completed according to the market price. ;When the purchase order price is higher than the current market price, the transaction will be completed according to the market price.

5\. The so-called market price transaction means that you do not set a buying price, but buy or sell according to the current market price. You only need to enter the total amount you want to buy or the total amount you want to sell:

 Things to note when purchasing digital currency via mobile phone:

1. Emotional

Always remember: the best investors are the ones without any emotions

2. Either sell all digital currencies or buy all digital currencies

An experienced investor only sells 10% of the digital currency when he gets 50% profit, and the other 10% sells the digital currency when he gets 100% profit, and as the price of the digital currency increases, Always sell 10% of digital currencies. In that case, there is always profit, and greed is everywhere, but people who can achieve sustainable returns are definitely not overly greedy.

3. Refusal to study

Good investors read books on crypto themselves, read white papers. While the technology is complex, at least the basics need to be figured out. Don’t blindly buy something recommended by some so-called experts. If you take the time to learn, the investment in learning will pay off in a big way. The same goes for getting other sources. The more you know, the better equipped you will be to run your portfolio with confidence. Marketing that simply appeals to you “emotionally” without providing objective insight will not make you rich.

4. Put all your eggs in 1 basket

Don’t just hold 1 digital currency, hold the best 5 coins or projects you can find. One of these coins may gain 1,000% and make up for the losses of all the other 4 coins.

5. They put all their digital assets on 1 wallet

Asset security is very critical. I have seen many friends with very good investment ideas end up losing money on the security of their wallets. Distribute your Bitcoin or other currencies through exchanges, online wallets, hardware wallets and paper wallets. So that you don’t lose all your assets if they are hacked or lost. Never put the secret key information in your email or other unsafe online software.

6. Lack of risk management

Imagine if you put all your food money into Bitcoin investments, you would also become more emotional and make bad trades. This is a vicious cycle. In the short to medium term, you shouldn't rely too much on digital currency investments. In the worst case scenario, you should be prepared to bear the loss of your entire capital.

7. Not paying attention to the industry and ecology

Whether it is EOS, ETC, BTC, LTC, etc., or other platform currencies, in addition to Bitcoin itself which has been given the attribute of digital currency gold, other currencies are more related to the application and implementation of the blockchain industry. Pay more attention and analysis to the blockchain industry trends and ecological construction, so that you can return to the original intention of blockchain value investment, and it will also be a way to avoid risks.
As a technology geek, I always believe that returns should be given to those real value investors.

Through the above introduction, I believe everyone has some understanding of how to buy and sell Bitcoin on mobile phones. Regarding buying and selling Bitcoin, the editor of the currency circle has one thing to remind investors: they are unwilling to stop losses in time during the decline of digital currencies. If you sell, you may experience the risk of plummeting. Timely stop loss is equally applicable to any investment project. Investors who buy coins during the rising trend must remember to protect their capital and survive. If you want to know more relevant knowledge, you can Pay attention to the currency circle. The editor of the currency circle will continue to update relevant reports in the future!

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