Bitcoin trading sites are now used by many traders around the world. With the rise of Bitcoin, millions of traders sign up to trade Bitcoins at these platforms. They have proven to be extremely effective and efficient in making sure that the traders sell their Bitcoins and make a profit.
Since their popularity is soaring these days, we wanted to provide you with a general guide on how to use them and thus, increase your chances of making a profit. Without any further ado, let’s check all of the details.
Researching and Registering
The first step in using Bitcoin trading sites and taking advantage of their services is researching for the best candidate. Since there are hundreds, maybe even thousands of trading sites, it is important for you not to rush things and check which trading site will suit your individual preferences.
These preferences include payment methods, market restrictions, number of users, daily profitability rate, and how easy is to navigate through them. After you’ve picked your candidate, all that is left is to register. The process of registration at a trading site is very simple and fast.
All you have to do is fill out an online application form. This form requires you to provide the trading site with some basic information about yourself.
Choose a Method and Deposit Funds
After you’ve filled the online application form, you gain access to their services. Some trading sites will require you to choose a payment method right away. For instance, Immediate Edge is one of the most reputable trading sites on the platform and choosing a payment method is the next step here. After you use the credentials for the yuanpay group login, you will have to select one of the numerous payment methods available.
Then, you deposit funds and begin the process of trading with Bitcoins.
Use Their Automated Systems
Reputable platforms like the one we just mentioned have one additional service that will help you maximize your profits. They use AI systems that collect all the data about Bitcoin from the market. Their AI system uses the data to make accurate predictions on Bitcoin’s future fluctuations.
Then, the results are provided to traders who use the information to determine when is the best time to sell their Bitcoins and maximize their profits. These systems have proven to be extremely effective as they have increased the profitability rate at many sites.
Trading Sites or Bitcoin ATMs?
As you may know, trading sites are not the only marketplaces where you can trade and profit off Bitcoin. Bitcoin ATMs are also an option. But, as statistics have shown us, they are far inferior compared to these sites. First of all, Bitcoin ATMs are not available in every country in the world. Not only that but the ATMs cannot be found at every corner. They are usually placed in big shopping malls and metropolitan areas.
On the other hand, trading sites operate online and can be accessed at any time and place. Their sites utilize the latest HTML5 technology and you can trade on your desktop or mobile devices. Not only that, but trading sites can also help you save money.
Research has shown that Bitcoin ATMs can charge anywhere between 10-25% fees on trades, which is a massive number. The fees at trading sites are much lower. These platforms are more focused on providing you with the best possible service, rather than capitalizing on your efforts.
All in all, trading sites are the best option for you when it comes to profiting from Bitcoin. If you are questioning whether to register and start trading, our answer is yes. Not only will you gain access to great services, but you will increase your chances of making a profit. Considering the fact that Bitcoin is expected to rise as high as $100,000 this year, you might want to act fast.