Bitcoin exchange - what is it and how to trade bitcoins online + TOP-6 of the best bitcoin exchanges for bitcoin trading

Hello dear readers of Rich Pro! Today we will talk about trading bitcoins on the exchange - what is a bitcoin exchange and what is it for, how and where to trade bitcoins online.

Bitcoins are spoken everywhere, even by those who do not understand anything about finances. However, not everyone knows how to make money on cryptocurrency, to receive a stable income from their investments. One of the ways that is available to everyone is bitcoin exchange.

Having studied the submitted article from beginning to end, you will learn:

• Is it really possible to earn with the help of the Bitcoin exchange;
• How to start trading bitcoins (description of the main stages);
• How to choose the best bitcoin exchange and which one offers the most favorable conditions for work.

At the end of the publication you will find expert advice, which will help to achieve maximum efficiency from trading on the Bitcoin exchange.

Everyone who is interested in cryptocurrency is worth studying the article. It will be useful for those who wish to make money on the Internet. If this is about you, but you don’t know where to start, don’t waste time, start reading right now!

Read about this bitcoin exchange and how bitcoin is traded, as well as where and how to trade bitcoins online.

1. Bitcoin exchange - what is it and what is it for

Bitcoins are a new generation of virtual money. Today they are the most popular type of cryptocurrency in the whole world.

At the same time, bitcoins do not have physical monetary units. They are only registry registries hosted on the network. In these registers, information is recorded about all operations carried out using cryptocurrencies, as well as about the amount of funds on various wallets.

The main difference between bitcoins and traditional (fiat) money is lack of centralized storage structureswhich are banks, as well as various payment systems.

Cryptocurrencies are stored in digital space. Any user can get information about all operations carried out using bitcoin from the moment of its creation.

Many people wonder where do bitcoins come from. Everyone knows about fiat currencies: they are issued by government agencies. How much money to print is decided by the Treasury.

In contrast, no state in the world issues bitcoins. They owe their appearance to computer computing, as well as encryption operations.

The process of creating bitcoins is quite complicated and requires special equipment. Users who have provided their computers to support the operation of the blockchain system are listed a certain reward (In more detail about the blockchain - what it is in simple words and how this technology works we wrote in a previous publication).

That is why many are keen on mining bitcoins, which is a rather expensive and lengthy process.

For those who want to simplify the receipt of income from cryptocurrency or solves the issue with its purchase and sale, it will be useful to learn about bitcoin exchanges. It is important to understand what the principles of their action are, as well as how to make money from them.

In essence, bitcoin exchanges do not differ from other exchanges, their work is carried out according to the traditional scheme:

1. stock exchange analyzes trading results; data received from various organizations; other macroeconomic information;
2. Based on the data obtained during the analysis, the current cryptocurrency rate is established in comparison with other monetary units.

It should be understood that trading on a cryptocurrency exchange is a serious process. It should be prepared both psychologically and financially.

To start trading, it will take certain financial investments. Without them, it will not be possible to acquire bitcoins.

Also of great importance knowledge of the basics of the exchange and trading principles. If you start trading, having no idea about this process, most likely you will not be able to make money. In the worst case, you can simply merge all the invested funds.

Often, newcomers acquire bitcoins in the hope of further growth in the rate. Morally unprepared for losses and drawdowns, they often try to withdraw capital at the slightest drop in value. Even with future growth, it will not be possible to earn in such a situation.

Important to keep in mind that trading does not hasten, and also requires nerves of steel. To get a serious income, you have to stock up endurance and patience.

Traders themselves decide at what point and at what cost they should buy bitcoin or sell it. The exchange's mission is to control transactions and protect users from fraud. It turns out that no one can steal the invested funds.

The only enemy of the trader is himself, his impatience and lack of necessary knowledge. When trading on the stock exchange, frank fraud occurs much less oftenthan trying to make money on Bitcoin mining or Bitcoin faucets.

It turns out that the Bitcoin exchange cannot be called another scam; it is a real and affordable way to earn money. Reviews about exchanges as a scam most often appear on the network from those users who were not really ready to bid.

In any case, the choice of a trading platform should be approached with maximum responsibility. It is important to understand that at each exchange has its own terms of trade and its own ruleswith which you have to coordinate your actions.

Before you start trading bitcoins, it is important to remember the following:

1. Bitcoins today are not a legalized currency in Russia. No laws have been developed for them that protect traders. That is why in case of loss of funds there will be no one to complain;
2. The rules of Bitcoin wallets established that lost secret access keys cannot be restored. That is why it is important to record passwords and keep them out of the reach of third parties;
3. It is important to know in advance what commission the service charges for withdrawing bitcoins. There are often cases when you have to pay for a transaction up to 20% from the transferred amount;
4. The trader must constantly keep abreast of the pulse, monitor the exchange rate at the current moment in time. Do not forget that Bitcoin is characterized by serious volatility, that is, its value is changing at a tremendous pace.

What is bitcoin exchange?

So what is a bitcoin exchange?

Bitcoin exchange (bitcoin) - This is an online platform with which the purchase and sale of cryptocurrency is carried out.

To start trading, just register on the exchange by creating account, as well as make the necessary amount of money.

Bitcoin It is a decentralized cryptocurrency. Moreover, they are trading round the clock seven days a week. Most Bitcoin exchanges allow you to purchase cryptocurrency for various fiat currencies, eg rubles, dollars and others.

Experts say that bitcoin trading is a promising area of ​​earnings. In recent years, the value of this currency increased a huge number of times. Financiers are confident that growth will continue.

That is why investing in bitcoin is considered a good option. It is not necessary to conduct regular trading, earning at the jumps in the value of the currency. You can buy bitcoins for a long time and just wait for the growth of their value. You can read more about making bitcoins in our separate article.

2. Trading bitcoins on the exchange - 5 advantages of working with bitcoin

Bitcoin has enormous potential for every trader. As soon as this cryptocurrency once again begins to be actively discussed in the media, the course takes off by a large amount. In a recession, he falls. It is due to such wave-like movements that experienced traders earn.

Particularly large profits can be obtained by those who are in no hurry and are well versed in concepts. maximum drawdown, as well as the peak rate of bitcoin.

It is quite difficult for novice traders in such a situation to remain calm. They often have a desire to move after the crowd, that is, to make the deal that many do. However, in practice, this approach is often incorrect.

Nevertheless, many argue that it’s not worth it too wise to find the right moment to enter or exit the market. It is important to develop your own methodology, test it and adhere to the resulting plan clearly..

Experts find a considerable amount of benefits from trading bitcoins. Below are the main advantages of such trading.

1. Serious increase in market value

By the way, you can trade financial assets (currency, stocks, cryptocurrency) directly on the stock exchange. The main thing is to choose a reliable broker. One of the best is this brokerage company.

Bitcoin appreciation significantly exceeds the volatility of other financial instruments. For several years, the cost of cryptocurrency increased⇑ a thousand times.

2. High degree of security

All operations carried out using bitcoins are protected. higher order cryptography. Absolutely all accounts opened in this cryptocurrency are anonymous.

Access to funds available only the owner of the wallet, unless of course he follows the rules and stores secret keys in a place inaccessible to third parties. You can find out how to create a Bitcoin wallet and do it correctly and safely by reading the article here.

But keep in mind that a high degree of security has a flip side - If you lose the access code to the wallet, you will not be able to restore it.

3. Stability

Bitcoin hit the market in 2009 year. Contrary to the opinion of some experts, he is not going to lose his gained ground. On the contrary, cryptocurrency is constantly evolving.

Today, the development of bitcoins has come to the point that they are accepted in payment for air tickets, hotel rooms, for various goods and services. Interest in this cryptocurrency is constantly growing. Today many people want to buy or earn bitcoins.

4. The impossibility of external intervention

When using fiat currencies, the account in which they are stored may be blocked by decision of the bank or government agencies. The circulation of bitcoins is not regulated by any world state or financial company..

Cryptocurrencies do not obey any law in the world. No one imposes a limit on the amount of transactions. Work with cryptocurrency is carried out around the clock seven days a week.

5. Independence from the governments of any countries

Bitcoin -International monetary unit, which does not belong to any state. That is why cryptocurrency is not influenced by the economic and political situation of different countries.

However the course may change under the influence of the current situation. This is due to the reaction of cryptocurrency users to them.

In this way, there are a number of undeniable the benefits Bitcoin compared to other monetary units. That is why interest in the cryptocurrency in question is invariably high.

Beginner's Guide to How to Trade Bitcoins - 5 Easy Steps

3. How to trade bitcoins on the stock exchange online - step-by-step instructions for beginners

When trading bitcoins, as well as when working with other currencies, The basic principle is as follows: buy cheaper sell more. At the same time, it is important to pay attention to the amount of fees charged for conducting transactions.

Before you start trading, you should carefully study the main stages. Will be able to help in this step-by-step instructioncompiled by specialists.

Step 1. Choose a Bitcoin exchange

Experienced traders recommend cooperating exclusively with large exchanges that have an impeccable reputation.

But keep in mind what on small exchanges often the registration process is much simpler. As a rule, only E-mail address.

Unlike them, at major major venues in addition to it must be provided mobile phone number, last name, first name, patronymic, as well as date of birth. Of course, other users of the site do not have access to this information. However, the exchange administration has an idea of ​​who the client is.

That is why it can be said that on large resources anonymity is relative. Naturally, the larger amounts the user plans to operate, the more complete personal data he will have to provide.

Today, the network has a considerable number of exchanges that work with Russian users and accept rubles. In this situation, making the right choice is not easy.

It is important in the selection process to pay attention to the following characteristics of the exchange:

1. Domestic exchange-specific exchange rates, including those for which funds are deposited and withdrawn. You should compare them with other sites to find really profitable;
2. Methods of withdrawing funds. Each resource independently determines what methods it will offer customers to earn money. It can be different electronic wallets, bank cards and other options. It is important to choose what is convenient for a particular user to use;
3. Real Exchange Reviews help a novice trader to understand the features of trading on a particular platform.

Experts recommend traders who decide to use large sums of money in trading, choose exchanges with a large number of users. Small resources often have insufficient funds to meet the needs of serious traders.

After the choice is made, it is necessary to go through the procedure registration on the exchange.

📣 You can also trade cryptocurrencies through brokers. Open a trading account professionals advise in this brokerage company.

Step 2. We replenish the account opened on the exchange

Before you start trading, you need to deposit money into an account opened on the exchange. At the same time, it is important to consider what methods a specific platform suggests using for this.

Worth considering! If you can replenish the deposit only using electronic wallet, It’s important not only to be the owner of such, but also to deposit funds primarily for this wallet.

When replenishing your account, you should also consider amount of commission charged.

Step 2. Account replenishment

In most cases, funds are credited instantly. However, sometimes you have to wait from 10 minutes to several hours.

Step 3. Choose the necessary currency pair

To buy bitcoins, the currency pairs in which this currency participates are used. Short for exchanges call it BTC, therefore, to buy bitcoins, you should look for pairs in the name of which there is this letter combination.

Step 3. Choose a currency pair on bitcoin exchange

It’s important to consider what currency (usually rubles or dollars) decided to buy this currency.

Step 4. Analyze the schedule

When a currency pair is selected, its chart should be analyzed.

The simplest strategy is to buy at a time when the chart is at a decline.

At the same time, experts often recommend to purchase currency not immediately for the entire amount that it is decided to spend.First, the purchase is carried out on a part of the money, subsequently, when the decline continues, another part is spent. This allows you to ensure on average for all transactions the minimum purchase rate of bitcoin.

However, each trader independently develops his own strategy, which he should adhere to. The easiest way to do this is for those who have previously encountered trading on the exchange, for example with Forex trading.

What is the Forex currency market, what indicators and Forex strategies exist, read our special article.

Step 5. Fill out an order to buy bitcoins

The next step in the trade is to fill in correctly Bitcoin purchase warrant.

Step 4. Filling out a BTC sell / purchase order

It is not necessary to agree to the course that the market offers. Can install pending orderin which the purchase will only happen when the trader of interest is reached.

In the end, I would like to note that novice traders should not risk too much immediately. At first it might seem that trading in bitcoins is an elementary process. However, such a frivolous approach can lead to the loss of large sums of money.

Firstly you should understand the intricacies of trading, try to operate with small funds that the user is not afraid to lose.

Only after the trading strategy is verified, and the trading starts to bring a steady income, can one start trading really serious money.

Where to trade bitcoins - the best bitcoin exchanges for trading bitcoin

4. Where to trade bitcoins online - TOP-6 of the best bitcoin exchanges in Russian for trading

Choosing an exchange for novice traders is not an easy task. Of the huge number of existing sites, it is important to choose one that offers the conditions that are optimal for a particular user.

Experienced traders open accounts on several exchanges at once and use them in work, depending on the situation.

For beginners, such actions are not yet possible, so you have to make a choice in favor of a single platform.

Below we present our rating of bitcoin exchanges that successfully operate on the network and offer favorable conditions at the moment in Russia. Please note thatThe best bitcoin exchanges are highly popular and have a lot of reviews on the Internet.

👆 You can master cryptocurrency trading and open a trading account on this site.

1) Exmo.com cryptocurrency exchange

EXMO Exchange is a fairly simple resource, it is intuitive even for novice traders. The resource is an international exchange whose interface is completely Russified.

Among the main advantages of EXMO are:

• the presence of information sections that will be useful to novice traders and help to understand where to start trading;
• the availability of quality support, including online through chat.

2) Polonix Exchange

Poloniex - An exchange whose popularity among traders is constantly growing. This is a very promising platform, but it should be borne in mind that the interface here is completely English.

Nevertheless, traders who have previously worked on other exchanges will have no trouble figuring out the basics of trading here.

Advantage Polonix is ​​accessibility for sharing over 90 currency trading pairs. Read more about bitcoin exchange in a separate article.

3) Bitfinex

Bitfinex - An international cryptocurrency trading platform with a Russian-language version of the resource. Many experts, not without reason, call the site in question the exchange for experienced users.

Among its advantages are the following:

• high level of security;
• performance;
• a large number of users;
• availability of information sections for beginners;
• the ability to conduct trading with a large number of cryptocurrencies.

4) Livecoin

Livecoin - An exchange with favorable conditions and a convenient interface, fully Russian-language.

Among its advantages are the following:

• intuitive and convenient trading;
• high degree of security;
• efficiency of replenishment of the account, as well as withdrawal of funds;
• the availability of training materials, including video.

A trader can increase income by participating in referral program. It is enough to invite friends and acquaintances to the exchange to get a percentage of the transactions they conduct.

5) Ubit cryptocurrency exchange

YObit - An international exchange, which is quite convenient and popular. This platform is suitable for those who work simultaneously with several virtual currencies. The exchange allows you to replenish your trading account without commission.

However, keep in mind that a distinctive feature of YObit is its rather complicated functionality. For novice traders, in most cases, the motley interface is incomprehensible.

6) DMM Bitcoin Exchange

DMM Bitcoin is a Japanese cryptocurrency exchange from the DMM Group (ecommerce giant DMM Group), which was launched on January 11, 2018. The company also plans to launch another exchange for inexperienced players called Cointap.

All major cryptocurrencies - Bitcoin, Litecoin, Ether, Ethereum Classic, Nem, Bitcoin Cash and Ripple (14 trading pairs) have been added to the exchange. In the future, it is planned to add other cryptocurrencies and pairs.

For ease of comparison, the cryptocurrency exchanges described above are summarized in the table below.

Table "Cryptocurrency exchanges with the most favorable conditions for trading in the MTC, their main advantages":

You can also read the rating of the best cryptocurrency exchanges in a separate article.

5. How to choose a Bitcoin exchange - 8 main criteria for choosing an exchange for trading bitcoins

To be sure that the exchange for trading bitcoins is correctly selected, it is important to pay attention to the following characteristics during the comparison process:

1. It is important to study which cryptocurrency pairs are being traded on a particular platform. It is necessary that among them be the one that interests the trader;
2. Cryptocurrency trading volume, which is planned to be used in work. If it is insufficient, liquidity will be too low. In this case, trading on the exchange will be difficult;
3. The proposed methods of replenishment of the account, as well as withdrawal of funds. It is important that the options used on the exchange suit the user. Some sites offer a huge number of withdrawal and withdrawal methods - electronic wallets, bank cards, details transfers. Other exchanges work in only one or two ways. Naturally, the latter will be less convenient for traders;
4. Even at the stage of choosing an exchange, it is important to carefully study its interface. It should be convenient and absolutely understandable to the future user;
5. Security level. The site should in no case save money on protecting customer accounts from unauthorized access;
6. Commission for conducting operations. On average, it is 0,15- 0,2%from the amount of the transaction;
7. Place of registration of the resource.Many exchanges are registered in offshore zones. Holding such companies accountable can be quite difficult;
8. Customer reviews. You should carefully consider the information about the exchange posted on the Internet by users. Important to understand that often negative reviews are ordered by competitors, and positive ones are ordered by the exchange itself. A distinctive feature of real reviews is the presence of a detailed description of the terms of trade, as well as the current situation.

Only after comparing several exchanges according to the above criteria, you can be sure that the selected platform is best suited to a particular trader.

How to successfully trade bitcoins - expert advice

6. Recommendations on bitcoin trading - 5 important tips from experts

In order for bitcoin trading to generate maximum income, it is important to follow certain rules. First of all, it should be understood that Bitcoin has a huge level of volatility:

• one side this allows you to get high profits;
• with another - the risk of significant losses also increases.

Advantage Bitcoins is that to work with them it is enough to deposit a small amount of money. Enough at first 50 000 rubles.

Are below useful tips from experts, which will help to be more likely to succeed in trading bitcoins.

Tip 1. The main currency in the portfolio should be Bitcoin.

The high volatility of Bitcoin opens up enormous prospects for trading this currency. Experts advise to focus maximum efforts on it.

Take note! A trader who prefers a narrow specialization in work can carefully study the nuances and rules of working with bitcoins. As a result, earnings from trading on the exchange will be higher and more stable..

Tip 2. Regularly record revenue

The presence of a competent proven strategy without fail sooner or later leads to profit. Experienced traders are advised to develop as well withdrawal rules.

If you refuse to use the earned funds, the profit will seem an abstract value. In this case, the risk of losing funds increases, since the trader ceases to treat the funds on the account as real money.

Tip 3. Do not invest all funds in bitcoins at once

Experts advise divide the investment portfolio into parts. After that, the first share of the funds is used to acquire bitcoin. Only if the developed trading rules are effective, you can make the next transaction.

However, within one transaction it is not recommended to risk all the funds in the account.

Tip 4. Enter the market during drawdowns

It is important to buy bitcoins during the fall of their value. However, you should not wait for the peak values ​​- no one succeeds in pinpointing when they will come.

If you wait too long, there is a great danger of missing the perfect moment to enter the market. It is important to monitor the international value of bitcoin, focusing on average values.

Tip 5. Carefully analyze currency pairs

Do not blindly believe the advice given on the forums, as well as information in analytics. Trust should only be on the course schedule, as well as on yourself. Wherein it is important to rely solely on the results of the analysis, avoiding following intuition.

If you carefully consider the tips presented above, and also try to constantly observe them, you can be sure of the effectiveness of trading.

7. Conclusion + video on the topic

Bitcoin - One of the most volatile currencies in the world. This allows you to provide a high potential income.

However, it’s worth considering that real success in trading can be achieved only by those who do not expect momentary enrichment, set up for constant market analysis and self-education.

In conclusion, we suggest that you familiarize yourself with the video, which outlines how to trade on the exchange:

That's all with us!

We wish our readers the maximum income from each transaction on the Bitcoin exchange! Let the losses be small and the profits significant!

The RichPro.ru team wishes everyone good luck and financial stability! Share your opinions, comments on the topic of publication and ask questions in the comments below.

Watch the video: How To Trade Bitcoin Cryptocurrency for Beginners (December 2024).