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How to trade Bitcoin How to buy and sell Bitcoin
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Date:2024-04-30 18:32:35 Channel:Wallet Read:
As a virtual currency, Bitcoin has attracted much attention in recent years, and its transactions have also become a hot topic. People are curious about how to trade Bitcoin, how to buy and sell Bitcoin. This article will delve into all aspects of Bitcoin trading and demystify how to buy and sell Bitcoin.First, it is crucial to understand the fundamentals of Bitcoin trading. Bitcoin is a digital currency based on blockchain technology, and its transactions are completed through the blockchain network. Before you can trade Bitcoin, you need to have a digital wallet, which is your equivalent of a bank account in the digital world. Digital wallets allow you to securely store, receive and send Bitcoin.When buying Bitcoin, choosing the right exchange is crucial. Some well-known Bitcoin trading platforms, such as Coinbase, Binance, etc., provide a safe and convenient trading environment. After registering an account and completing real-name authentication, you can purchase Bitcoin through these platforms. Remember to pay attention to its security and credibility when choosing a trading platform to ensure a safe and smooth transaction process.In addition to buying Bitcoin, selling Bitcoin is equally important. When you hold Bitcoin and want to sell it, you can sell the Bitcoin into fiat currencies such as US dollars, Euros, etc. through the trading platform. When choosing the time to sell, pay attention to the fluctuations in the Bitcoin market and seize the opportunity to maximize profits.Additionally, it is crucial to understand the risks of Bitcoin trading. The Bitcoin market is highly volatile and prices may fluctuate violently, so investors need to be mentally prepared. At the same time, attention should be paid to preventing network security risks, ensuring the security of digital wallets and trading platforms, and avoiding hacker attacks and financial losses.For beginners, it is recommended to invest a small amount first and gradually become familiar with the rules and market conditions of Bitcoin trading. You can participate in simulated trading on some virtual exchanges, familiarize yourself with the trading process and operating steps, and prepare for real trading.Overall, Bitcoin trading is an area full of opportunities and challenges. By deeply understanding the fundamentals of Bitcoin, choosing the right trading platform, mastering trading techniques and risk management, you can earn great returns in the Bitcoin trading market. May you control risks, seize opportunities, and realize wealth appreciation in the paradise of Bitcoin trading!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.
How 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 currently don't have enough Bitcoin, 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, go back 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 cash withdrawal amount of this trading website is 200 yuan. In addition, if the verification code cannot be received on 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 trade 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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