How Does Bitcoin Trading Work?

Author: nicolas tang

cryptocurrency derivatives

Over the past two years, the subject of cryptocurrencies has been gaining staggering popularity and interest among investors.

The cryptocurrency market has blossomed into a diverse ecosystem of over 2,000 coins and tokens, with each of them focusing on a specific type of application and use case which is built using the revolutionary Blockchain technology.

Bitcoin is a digital currency that you cannot see or touch. Each Bitcoin is basically a computer file which is stored in a ‘digital wallet’ app on a smartphone or computer. Just like the form of dollars, euro or pounds that you see in your credit cards and online banking, that is some figures. People can send Bitcoins to your digital wallet, and you can send Bitcoins to other people. Being the premier cryptocurrency, it is pretty straightforward to buy and sell them as when you want to. Bitcoin has a history of volatility which has brought in a lot of traders and media interest into the ecosystem.

How to Trade Bitcoin: Quick Guide

Bitcoin trading is actually pretty straight forward once you get the hang of it. You’ll just need to acquaint yourself with the cryptocurrency market. Also, you’ll need to find a trading platform like ‘Phemex’ to buy and sell Bitcoins.

Phemex is a cryptocurrency derivatives exchange offering Bitcoin and USD settled perpetual contracts of BTC, ETH, XRP, LTC, EOS, with up to 100X leverage. It is an innovational, easy to use, professional, trustworthy and one of the safest exchanges in the market.

1-Sign up on Phemex

First thing’s first, you’ll need to create an account. Anyone is able to sign up, simply head over to the Phemex website and click on “Get Started”. Signing up for an account there is easy, start by filling up the required information like your email and Choose a password. Then simply check for confirmation email and click the link in your email to finish the process. Once your account is set up, you’re good to go.

2-Deposit Funds

In order to start trading on Phemex, simply deposit your Bitcoins from your Bitcoin wallet to Phemex exchange. And as soon as your funds arrive into your trading account you can start trading with Bitcoin.

3-Trading on Phemex

Phemex has a very efficient and easy to use User Interface. Once you’re ready to trade, simply choose according to your preference whether you want to Buy/Long or Sell/Shor a particular pair. There are various options available, For example; BTC/USD, ETH/USD and XRP/USD. You can also use up to a 100X leverage to increase your gains.

Happy Trading!

For any inquiries contact us at support@phemex.com.

Follow our official Twitter account to be updated on the latest news.

Join our community on Telegram to interact with us and the Phemex traders.

Phemex, Trade Simple

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