The 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.

As we all know, the current price of Bitcoin is very high. As of the time of writing, the price of Bitcoin has reached as high as 10,930.53 US dollars, which is RMB 73,990.94. Therefore, many people are thinking that if they could buy some Bitcoin a few years ago, they would definitely be rich now. , but if you think about it, some investors don’t even know how to trade Bitcoin, let alone how to get rich through Bitcoin trading. So, how do you trade Bitcoin? Next, the editor of the currency circle will summarize the Bitcoin transaction process for everyone.

 How to trade Bitcoin?

1. Trading on trading platform

This is the most common way, and the one chosen by the most Bitcoin participants, which is to choose a trading platform. Today's trading platforms, with the strengthening of supervision, require real-name registration. When choosing a trading platform, generally speaking, it is best to choose a larger and influential platform. On the one hand, it has good security and more reliable protection. On the other hand, it has many currencies, active transactions, and good liquidity. When selecting a platform:

1. Registration generally requires phone registration or email registration. After registration, real-name registration is required. ID card and corresponding bank card are required for real-name registration. This is just a general real-name registration. Without the real-name system, most platforms would restrict transactions. The general real-name system will also have restrictions on the amount, etc., and there will be restrictions on daily currency withdrawals or cash withdrawals. If you want to increase the amount and other permissions, you need advanced certification. Advanced authentication generally requires video authentication, handheld ID card, etc. After the advanced authentication is completed, the permissions will be much better.

2. Transaction. After registering an account, you can first exchange legal currency and virtual currency with other traders through legal currency transactions on the platform. At present, domestic platforms do not provide direct recharge of fiat currency, but provide mutual exchange of fiat currency, Bitcoin, etc. between different traders to achieve the recharge goal. This is a C2C transaction, and the platform only provides a channel for guarantee and exchange. Through C2C transactions, legal currency can be converted into different virtual currencies in a personal account. However, there are not many types of virtual currencies that can be exchanged here. Generally, they are common Bitcoin and other mainstream currencies. With these currencies, you can buy and sell multiple currencies through the platform's currency transactions. This trading method is the trading method chosen by most players.

2. Completely private transactions.

First, the two parties of the transaction contact each other, and then the seller among the traders transfers virtual currencies such as Bitcoin directly to the wallet of the buyer among the traders through Bitcoin and other wallets. At the same time, the buyer transfers the money required for the transaction or other equivalent values. of virtual currency to the seller. Traders can communicate with themselves about the price when trading here, eliminating the trouble of platform registration and so on.

Comparing the two methods, the trading platform requires registration and real-name system. For users who are afraid of trouble and unwilling to conduct real-name transactions, they are more likely to choose private transactions. And the handling fees required for platform transactions are actually very high. These are all factors that make someone choose to trade privately. However, private transactions also have many disadvantages. One is the uncertainty of the transaction. If the two parties do not meet face to face for the transaction, there may be a risk that one party pays and the other party runs away. Even if you meet up for a transaction, there may be things like directly stealing or transferring Bitcoins to yourself through threats. Another is that the liquidity is not strong, and it is not necessarily possible to find objects that can be traded privately at any time. However, private transactions sometimes occur in the hands of large investors, and transactions involving millions or tens of millions may be directly traded privately. At this time, transactions may be based on long-term cooperation and trust.

 Bitcoin transaction process:

It can be seen from the working principle of the blockchain that the essence of Bitcoin transactions is a data structure. This data structure is an orderly connection of blocks containing transaction information from back to front. The Bitcoin blockchain is a global ledger, and every Bitcoin transaction is a public record on the Bitcoin blockchain.

Through the above introduction, I believe everyone has an understanding of how to trade Bitcoin. In fact, Bitcoin trading is not necessarily profitable. This mainly depends on the investor’s vision and risk control. Therefore, the editor of the currency circle reminds me that every Both investment and trading involve risks. When making decisions, investors should conduct their own research. After all, there are risks in the currency circle, and investment needs to be cautious.