How to do trading in Bitcoin?
Planning to trade in Bitcoin? find out about why should you trade in Bitcoin and different platforms that allow you to trade in bitcoins.
How to do trading in Bitcoin?
The sitting on the top of all other currencies in the world is Bitcoin. It is on every lip around this planet and on every mind of a Business minded intellectual. Bitcoin is the mother of Bitcoin is digital, it can be saved, spent and invested.
The rise of Bitcoin, the most widely began in 2009 by a group of people using the alias Satoshi Nakamoto. It came to prominence earlier this year when its value suddenly jumped to heights. Today, Bitcoin has a peak market valuation of more than $2 billion.
With the increasing value is a great rush between the investors, who want to cash in on Bitcoin. Bitcoin offers quite a few compelling trading opportunities.
(How can you buy Bitcoins Safely?)
WHY TRADE IN BITCOIN?
us the concept of universal money that can be traded worldwide, which is surging in value and price every day is the most inviting aspect for traders. At the very initial stages 1 Bitcoin traded at 0.003$, it was cheaper than 1 cent! The currency quickly surged in value to be worth many thousands of US Dollars.
A trader mainly looks for spreads i.e. Volatility, security fees. Higher volatility provides greater variability to make trades around all around the world; Bitcoin is highly secured and cannot be hacked so security is not an issue for the traders. Bitcoin’s blockchain technology allows you to make a transaction with no fees at all, so there is a plus point too. Bitcoin trading is a trader’s delight.
Bitcoin is based on knowledge sharing on a distributed platform. The entire transactional history is for everyone to see, the data entered cannot be altered, nor can it be removed, enabling a system of complete transparency and trust. The entire money flow for the working model is beyond the traditional practices of controlling tax rates, credit usage, and money supply in the market.
PLATFORMS THAT WILL ALLOW YOU TO TRADE IN BITCOINS
• Coinbase -Coinbase is and trading platform that allows customers to trade Bitcoin directly. Coinbase even offers margin trading for traders who qualify under the Commodity Exchange Act. They have a really friendly dashboard where they currently have three available. Coinbase supports Bitcoin (BTC), Ethereal (ETH), and LiteCoin (LTC). Your portfolio shows your four “wallets” for where it stores your and cash. You can also set alerts for your favorite to purchase or sell when it hits a certain price point. Combining this with a verified Paypal and Credit Card is convenient for instant transactions.
• Bitfinex - Bitfinex is the world’s 1 Bitcoin exchange in terms of USD trading volume, with about 25,000 BTC traded per day. Customers can trade with no verification if is used as the deposit method.
•Bitstamp - BITSTAMP was founded in 2011 making it one of Bitcoin’s oldest exchanges. It’s currently the world’s exchange based on USD volume, with a little under 10,000 BTC traded per day.
• BTCFactory- The best way to trade Bitcoin is to invest in some Bitcoin mining company like BTCFactory - Bitcoin Investment Company. You’ll need to have Bitcoins to make your deposit, and you can do this from the deposit section of your personal account. There are several investment plans with hourly profits, ranging from 0.10% to 0.90% daily. The minimum deposit amount is 0.001BTC, and you’re allowed to make as many deposits as you see fit.
• Kraken- Kraken’s innovative features claim of fast execution, outstanding support high security. The organization is based in San Francisco, USA. Kraken is operational worldwide with a pre-validation for those countries where it is not eligible. The platform accepts both and fiat and transaction is completed by a wire transfer which should be completed at the bank. The platform does not accept debit, credit or cash.
(Best Platform for Bitcoin trading- https://www.quora.com/What-is-the-best-platform-for BITCOIN-trading)
Bitcoin isn’t fiat currency, meaning its price isn’t directly related to the economy or policies of any single country. Each time Bitcoin’s price rises, new investors speculators want their share of profits. Because Bitcoin is global and easy to send anywhere, trading Bitcoin is simple. Compared to other financial instruments, Bitcoin trading has a very little barrier to entry. If you already own Bitcoins, you can start trading almost instantly. In many cases, verification isn’t even required in order to trade.
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