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What does Bitcoin deposit mean What is the minimum Bitcoin depo

Date:2024-08-12 18:24:23 Channel:Exchange 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.


Speaking of Bitcoin, we should be very familiar with it. It is a virtual encrypted digital currency in the form of P2P. Here, P2P means peer-to-peer transmission, and this peer-to-peer transmission actually means that Bitcoin is a decentralized payment system. We know that there is no limit on the time of Bitcoin transactions. Transactions can be carried out 24 hours a day, which is different from the financial stock market, which is closed on holidays. Many investors do not know much about some proprietary terms when investing in Bitcoin. For example, many investors do not know what Bitcoin deposit means when we often say Bitcoin deposit? Of course, they also do not know how much the minimum deposit of Bitcoin is? Let the editor of the currency circle talk about it.

 What does Bitcoin deposit mean?

Bitcoin deposit actually means buying Bitcoin, and the corresponding one is withdrawal, which means selling Bitcoin. Generally speaking, Bitcoin deposit and withdrawal require handling fees. At present, the handling fees for virtual digital currency transactions are charged according to the standards of their respective exchanges, and the starting fees are different. After the adjustment to currency-to-currency transactions, the transaction fees are directly deducted from the currency as handling fees. The transaction fees for different currencies are different.

1. The client is responsible for collecting the Bitcoin balance in your wallet to prepare for payment, because every Bitcoin you receive is stored in your wallet until you spend it.

2. If your outputs are less than 0.01BTC (including changes in funds within your wallet), you must pay a handling fee of 0.0001, even if you transfer it to yourself. The wallet has an established rule when preparing your payment amount, that is, when preparing the payment amount among many inputs, try to avoid changes in the amount less than 0.01BTC (for example, if you want to pay 5.005BTC, the wallet will try to choose 3+2.005 or 1+1+3.005, instead of 5+0.005).

3. The larger the amount and the higher the age of the coin, the higher the priority

If you send too small an amount or your Bitcoin has just been mined, your transfer will no longer be free. Each transaction is assigned a priority, which is determined by the newness of the coin, the number of bytes in the transaction, and the number of transactions. Specifically, for each input, the client will first multiply the number of bitcoins by the time these coins exist in the block (age), and then add up all the products and divide them by the size of the transaction (in bytes).

4. Fee per kilobyte At the end of the transfer, the client will detect the size of the transfer (in bytes), which generally depends on the size of the input and output amounts. The calculation formula is as follows: 148  input amount + 34
 output amount +
10. If the size of the transfer exceeds 10,000 bytes but the priority meets the free standard, you can still enjoy free transfers, otherwise you need to pay a fee. The default fee for every 1,000 bytes is 0.0001
BTC, but you can also add it in the client. Open the tab "Settings>Options>Main" to adjust the fee. If the fee you set is less than 0.0001BTC, it will be calculated as 0.0001. When this rule applies, it will replace the rule in step 2 instead of adding it.

 How much is the minimum deposit for Bitcoin

Usually, the minimum amount depends on the platform on which you will buy the cryptocurrency. For example, if you buy through Coinbase, you will buy Bitcoin from £2. That being said, it is not wise to invest such a small amount. The reason for investing a small amount in cryptocurrencies is that the exchange platform you use will charge you transaction fees. If your investment is not large enough, these fees may negatively affect it. For this reason, it is highly recommended that you invest at least around £42. This would be a good starting point.

The amount of investment capital that you should spend in this market should be between 5% and 35%. For beginners in cryptocurrency trading, 5% is recommended because it is safe. You don't want to invest a lot of money, but you are also not very sure about how to navigate the trading environment. Based on this, if you are new to cryptocurrency or you are not willing to lose a lot of money, there is a 30% risk. Remember that there is a lot of guesswork in this investment, so you should be careful when making decisions. For people who can afford to lose money and continue to invest more, they can even invest 50% of their capital. Before investing, it is important to understand the market factors first because these factors contribute greatly to the amount of returns you will receive. In the final analysis, the decision is in your hands.

The above is the detailed explanation of the editor of the currency circle on what does Bitcoin deposit mean and how much is the minimum Bitcoin deposit. Although Bitcoin is the number one cryptocurrency in the currency circle and has always been sought after by many investors, cryptocurrency investment also requires certain strategies. Even if we are optimistic about Bitcoin, it is best not to invest all our funds in Bitcoin. I believe that everyone in the currency circle should have heard that you should not put all your eggs in one basket. In fact, this makes sense. Only by putting eggs in multiple baskets can you effectively diversify risks, and even if you lose money, you will not lose all of it.

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