How to buy and sell bitcoins
Today, there are few people who have not heard anything about Bitcoin and the digital currency market. Every day we see news about the price fluctuations of digital currencies and occasional jumps of Bitcoin. You may have wondered what Bitcoin is and how to buy and sell Bitcoin. In this article, we will first introduce Bitcoin and then we will introduce the methods of buying and selling Bitcoin. with us on the site How come along
Bitcoin, the king of digital currencies:
When it comes to digital currencies, all our minds go to Bitcoin. Almost all people in the world know digital currency as Bitcoin because Bitcoin is the first digital currency in the world.
Bitcoin was introduced to the world in 2008 by a person with the pseudonym Satoshi Nakamoto. In the first few years, many people did not realize the high potential of Bitcoin, but with the passage of time, attention was drawn to Bitcoin.
As it gained attention, other digital currencies also came into use.
Now, you may have this question, what is the use of Bitcoin?
Bitcoin buying and selling training:
There are different ways to buy and sell bitcoins. You can buy and sell Bitcoin through Iranian online exchanges, buy in person from someone, or use reputable international exchanges such as Binance.
To buy and sell Bitcoin, you need to create a digital currency wallet for yourself.
The digital currency wallet will allow you to store bitcoins. In general, if you do not have a wallet, you will not be able to store bitcoins in your personal account. In the continuation of this article, we will introduce valid Bitcoin wallets.
1- Complete training on registering and buying and selling Bitcoin through Iranian online exchanges:
The first and easiest way ahead of you is to buy and sell Bitcoin through domestic online exchanges.
For this, it is necessary to first find an Iranian online exchange. You can find these exchanges by searching for digital currency exchange in Google.
Then you have to enter the exchange site of your choice and register. Although the registration method in these exchanges is different, but in general, you should take the following steps in all of them.
Registration training in domestic exchanges:
Step 1: Enter the exchange site and click on the option to register or create a user account.
Step 2: Enter your personal information in the displayed data boxes. Pay attention to the fact that you must fill in your real personal information in these boxes.
Third step: After completing the fields, you will be asked to upload your scanned documents to the site. This is done to authenticate you. Usually, you will be asked to send a scan of the national card, a scan of the bank card that is in your name, and a photo of yourself holding the national card, bank card and an A4 sheet containing the authentication text (as shown in the picture below).
Step 4: Your registration ends here. Now you have to wait until your documents are checked and your authentication process is complete. To add a new bank card, it is also necessary to upload the scan of the card and enter your Shaba number and card number in the corresponding field.
Registration training in Nobitex exchange
How to buy Bitcoin in domestic exchanges:
To buy bitcoins, you first need to top up your account. Note that some exchanges have a limit of riyals for charging the user account per day.
Also, there is a rial limit for buying bitcoins. It means that you are able to place an order in a certain range and you cannot buy more or less than the amount of bitcoins.
In general, to buy bitcoins, it is necessary to follow the following steps.
Step 1: Log in to your user account in the exchange you have registered.
Step 2: Go to the top-up section of your user account through the relevant section and choose the card you want to pay from among the bank cards you have defined for your account.
Step 3: Specify the desired amount and click on the payment option to enter the bank payment portal. Make an online payment through the payment portal and enter your bank card information.
Note that you are only allowed to use the bank card that is in your name and that you have defined and selected for your account, and you will be able to pay the amount.
Step 4: After making the payment, return to the site and click on the option to buy bitcoins.
Fifth step: In this section, specify the amount of bitcoin you intend to buy and, if possible, enter the address of your bitcoin wallet in the specified box. Then click on the order option to place your order.
In some exchanges, the purchased bitcoins are first transferred to your account. As a result, after buying bitcoins, it is necessary to go to the section where your bitcoins are stored and register there a request to withdraw bitcoins from the exchange wallet and deposit it to your main wallet address.
Bitcoin sales training in domestic exchanges:
Follow the steps below to sell bitcoins.
Step 1: Go to the Bitcoin sale section and determine the amount you want to sell.
Second step: Then copy the wallet address that the exchange shows you.
Step 3: Enter your private Bitcoin wallet and enter the Send section. There, enter the address of the Bitcoin wallet of the exchange and send the same amount that you specified in the sales section of the exchange to that address.
Note: If your bitcoin is in your exchange wallet, you don’t need to do the third step. After specifying the amount of bitcoin you intend to sell and selecting the withdrawal option from the exchange wallet, that amount will be automatically withdrawn from your exchange wallet and sold.
2- Buying and selling Bitcoin in person:
Another way to buy and sell Bitcoin is to trade it in person. You may want to use this method for some reasons. Especially if you plan to trade a large amount of Bitcoin, this method may be more suitable for you.
What you need to do in this method is very simple.
First, ask the person to deposit bitcoins to your bitcoin wallet address and then give him the Riyal amount. Also, if you are a bitcoin seller, send bitcoins to that person’s wallet and receive the Riyal equivalent from them.
To calculate the exact Rial amount of Bitcoin traded, you can also find the dollar value of Bitcoin and convert it to Rial. Then multiply the obtained number by the number of transferred bitcoin units.
3- Buying and selling bitcoins through international exchanges:
The third and last way to buy and sell Bitcoin is to use international exchanges. There are many international exchanges, but few of them can be used by Iranian users.
One of the best exchanges whose services can be used in Iran is Binance exchange.
We will teach you how to register and use the services of these exchanges in a separate article.
Due to the change in the rules and the need for a high level of knowledge, it is recommended to use internal exchanges or the face-to-face buying and selling method.
How to buy and sell digital currency
Applications of Bitcoin:
Bitcoin has no use other than storing value and transferring money. Bitcoin can be used to make transactions. You can also store your assets in the form of bitcoins.
You may think that transferring money with Bitcoin is a pointless task. But note that with Bitcoin you can send any amount of money you want easily and in the fastest time. You just need to convert the amount you need to Bitcoin and transfer it to the person you want.
This matter becomes much more practical for the times when you intend to transfer money across the border. Because not only you do not need to pay heavy fees, but our transaction will be done in a short time.
But apart from these things, Bitcoin has another use. Another function of Bitcoin is to profit from its price fluctuations. This is what makes buying and selling Bitcoin so attractive.
If you have some analytical skills, you can buy bitcoin at a low price and sell it at a high price.
Now let’s look at the methods of buying and selling Bitcoin.
The best bitcoin wallets:
There are many wallets for Bitcoin and the number of these wallets is increasing every day. In this section, you can see three of the most reliable Bitcoin wallets.
Coinomi wallet:
One of the best digital currency wallets is the Coinomi wallet. This wallet supports other digital currencies besides Bitcoin.
Working with Coinomi wallet is very simple and has a user-friendly environment.
Atomic Wallet:
Atomic wallet is one of the most popular digital currency wallets. This wallet supports a large number of digital currencies and features such as internal exchange and high security have made this wallet reach this level of popularity.
Trust Wallet:
Another Bitcoin wallet that we are going to introduce is the Trust Wallet wallet. This wallet also has a very user-friendly environment and is very easy to use. One of the features that distinguish this wallet from other wallets is its support for Defi decentralized applications.
Final word:
The digital currency market has always been one of the most volatile financial markets, and Bitcoin is no exception to this rule. These fluctuations can lead to your loss, but if you know how to analyze a little, you can make a great profit from these fluctuations. If you wish to Buy and sell Dogecoin You can learn how to buy and sell this popular digital value.
Frequently Asked Questions
You may think that transferring money with Bitcoin is a pointless task. But note that with Bitcoin you can send any amount of money you want easily and in the fastest time. You just need to convert the amount you need to Bitcoin and transfer it to the person you want.
Yes, you can buy and sell bitcoins from reputable Iranian exchanges that are active in the field of buying and selling digital currencies.
Most foreign online exchanges are not able to provide services to Iranian users due to Iran’s embargo, and we recommend that you use domestic exchanges to buy and sell Bitcoin.
No, you can buy and sell bitcoins with your Android, iPhone, and computer, and you have no limitations.
Digital currency markets, like other global markets, have fluctuations, and if you are looking for a long-term investment, Bitcoin can be a good option for investment, and if you are looking for fluctuations from this popular currency, we recommend that you know Get into this completely.