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[Mar20]

The process of buying and selling Bitcoin involves several steps:

1. Choose a cryptocurrency exchange or broker: There are several online exchanges and brokers that allow you to buy and sell Bitcoin, including Coinbase, Binance, and Kraken. It is important to choose a reputable and secure exchange, and to compare fees and features before making a decision.
2. Set up an account: To buy or sell Bitcoin, you will need to set up an account with the exchange or broker you have chosen. This typically involves providing personal information and proof of identity.
3. Add funds to your account: To buy Bitcoin, you will need to deposit funds into your exchange account. This can typically be done using a bank transfer, credit card, or debit card.
4. Buy Bitcoin: Once you have added funds to your account, you can buy Bitcoin using the exchange's trading platform. You will need to specify the amount of Bitcoin you wish to purchase, and the exchange will automatically calculate the total cost based on the current market price.
5. Store your Bitcoin: Once you have purchased Bitcoin, it is important to store it in a secure wallet. You can choose to store your Bitcoin on the exchange or in a separate wallet, such as a hardware wallet.
6. Sell Bitcoin: To sell Bitcoin, you will need to place an order on the exchange's trading platform. You will need to specify the amount of Bitcoin you wish to sell, and the exchange will automatically calculate the total cost based on the current market price.
7. Withdraw funds: Once you have sold your Bitcoin, you can withdraw the funds to your bank account or use them to purchase other cryptocurrencies.

The process of buying and selling Bitcoin can vary slightly depending on the exchange or broker you choose, so it is important to carefully follow the instructions provided by the platform. It is also important to be aware of the risks involved in investing in cryptocurrencies, and to only invest money that you can afford to lose.

 

[Sammydan]

Being careful is the only thing that can save whoever that wants to buy or sell Bitcoin. There are some traders that are after duping the newbies. That's the reason why we need to make sure we transact this operation in a reputable platform.

The advice I always give to people that just want ventured into buying and selling cryptocurrency is that they should trade with reputable platform always and they should resist unreasonable offer. The reputable platforms has make it hard for one to be scanned at their site this day. But those unknown platforms are looking for newbie to scam.

 

[btaliat]

The advice I always give to people that just want ventured into buying and selling cryptocurrency is that they should trade with reputable platform always and they should resist unreasonable offer. The reputable platforms has make it hard for one to be scanned at their site this day. But those unknown platforms are looking for newbie to scam.

You are right. The reputable ones like Luno and Binance will not want to involve in shady dealings. But the new ones always use the opportunity to make money off the new users. That's why it is better to do research before choosing a platform.

 

[Margery]

Buying or Selling Bitcoins: Once your account is funded, you can place an order to buy or sell Bitcoins. You can choose the amount you want to buy or sell and the price you want to pay or receive. The exchange will match your order with other users on the platform.

Withdrawal of bitcoins: after you have bought bitcoin, you can withdraw it to your bitcoin wallet. Similarly, if you sold Bitcoin, you can withdraw the proceeds to your bank account.

 

[Kennysplash]

The process of buying and selling bitcoin simply means you buy and then you sell it maybe to another coin or to Fiat currency. Then a lot of trading platforms that makes it possible for you to do this, just register with them.

 

[Melvin441]

Obtaining a digital wallet, selecting a bitcoin exchange, setting up an account, connecting a payment method, placing an order, storing the coins, and moving the money to the linked payment method are all steps in the buying and selling of bitcoin. When making an investment, it's critical to conduct your homework and comprehend the risks.

 

[btaliat]

The process doesn't require much except if we don't have any knowledge on it. We only need to find a reputable platform where we can do the buying and selling. We should however beware of scam websites.

 

[Sammydan]

When it comes to buying and selling Bitcoin its really easy and it could be done on exchange platform or on peer to peer mode , but make sure the method you are using to trade most especially is a legit kind of method in the first place

The most important thing in buying and selling of crypto is to do it with reputable and trustworthy company. Some of the people who claim to be have been scammed through bitcoin were not scammed through the reputable company.

 

[Edcosmas]

Thanks for the information..
This is basically for those that are hoping to trade bitcoin. And it is a good checklist but we have to take not of an important step which is storing the bitcoin to a matured amount where you can sell. That will help bring profit. Buy less, sell higher

 

[Wisdom01]

The most important thing in buying and selling of crypto is to do it with reputable and trustworthy company. Some of the people who claim to be have been scammed through bitcoin were not scammed through the reputable company.

yeah definitely when it comes to purchasing cryptocurrency or buying cryptocurrency , the thing is that it should be done with a reputable company , the people investing should understand the scheme before anything else

 

[btaliat]

Thanks for the information..
This is basically for those that are hoping to trade bitcoin. And it is a good checklist but we have to take not of an important step which is storing the bitcoin to a matured amount where you can sell. That will help bring profit. Buy less, sell higher

For someone to make a big profit from Bitcoin, there is a need for the person to wait till the price of Bitcoin rises. This will make the person has a high profit margin. Unlike those that sell at any price.

 

[Gamer01]

I think localbitcoins was an easiest to use method unless it was available and we had options to pay and get paid any payments for our bitcoin but the shutdown of that meant growth for paxful so always there are advtage takers from any activity .

 

[Mayorla]

The process of buying and selling Bitcoin is not that hard. It is not rocket science.
You can easily create an account in one of these Centralized Exchange like Binance.
For Binance you are required to provide some means of identification to get you verified.
After verification, buying and selling is very easy.

 

[btaliat]

The process of buying and selling Bitcoin is not that hard. It is not rocket science.
You can easily create an account in one of these Centralized Exchange like Binance.
For Binance you are required to provide some means of identification to get you verified.
After verification, buying and selling is very easy.

With the introduction of peer to peer platform by Binance, selling and buying of coins have been made easy. The platform is made in a way to make buying and selling devoid of fraudulent acts by making sure that both buyers and sellers are protected.

 

[Mayorla]

With the introduction of peer to peer platform by Binance, selling and buying of coins have been made easy. The platform is made in a way to make buying and selling devoid of fraudulent acts by making sure that both buyers and sellers are protected.

Yes, That is true, Binance Peer to Peer Platform is actually an easy way to buy any Crypto currency you wish.
The peer to peer platform does not require you to pay any charges while in transaction.
And it is very much easy to use as you are assured of not getting scammed.

 

[Sammydan]

Well sometimes we must also listen to them to gather perspectives, that is, that of oneself with theirs and act accordingly, that is, to consider a judgment with several points of view, but well, at the end of the day everything is speculations and assumptions, what has to happen will happen

Mostly, what we used in bitcoin is speculation and discretion. Bitcoin is a volatile in nature and this make hard to predict correctly what it's price will be. But those who have been into bitcoin trading for some can speculate what's price will be by studying the pattern.

 

[Riberet19]

Mostly, what we used in bitcoin is speculation and discretion. Bitcoin is a volatile in nature and this make hard to predict correctly what it's price will be. But those who have been into bitcoin trading for some can speculate what's price will be by studying the pattern.

You are right, as much as we want, the price of bitcoin is still very speculative, and we can only try to predict its future movement by speculations or analyzing the graphs, but this is totally normal, since it is a relatively new asset, without any really clear and too uncertain regulation, so this after all is unavoidable.

 

[btaliat]

There is no big deal in asking people that have much knowledge about a crypto coin to get it for us. This will save us from falling for the gimmick of some scammers who may pose as a legit trader to dupe others.

 

[Kennysplash]

For you to be able to buy and sell Bitcoin you need to have a wallet first. It can be a personal wallet or am exchange wallet. So it is from there that you can chose to sell either in the market place or to a third party.

 

[btaliat]

The introduction of many channels where people can carry out transactions on Bitcoin and other cryptocurrency coins have made it difficult for newbies to get along with the buying and selling of coins. But a little research can make the difference.

 

[Kennysplash]

It is simply the process of you making purchases with your Fiat currency. When you buy and sell then you are already conducting transactions with cryptocurrency in general, it is quite as easy as that.