What is the meaning of coin trading (detailed explanation of how to play coin trading)
What does coin trading mean? What does coin circle trading mean Coin trading refers to the use of digital currency to achieve cross-border asset transactions, using encryption or blockchain technology for decentralized financial operations. In traditional banking systems, users can only exchange (buy and sell) funds with each other through peer-to-peer methods; But in blockchain, it is necessary to complete this series of processes through smart contracts and third-party intermediaries to achieve the goal of reducing risk Currency trading can be understood as a method of trading called “fiat currency trading”, with the aim of allowing oneself to freely trade assets at different time periods. Simply put, it means putting virtual currencies such as Bitcoin in wallets for trading, while using Bitcoin to pay certain fees without the support of any exchanges, making it easier for people to transfer their assets to other places From an investment perspective, Bitcoin is a very attractive form of value storage. It is also the most popular token based product at present, and its application scenarios are relatively wide, including some popular projects, such as Litecoin, Bishengbao, etc
How to Play Coin Trading
The coin circle has been a focus of attention for some time, but in fact, many people do not understand what “coin trading” is.
? Let’s talk about it in detail below
First of all, we should understand the “currency transaction”. Currency transaction refers to the process of converting or trading digital currencies using the volatility of crypto assets (such as Bitcoin, Ethereum, etc.); Simply put, it means providing a service related to oneself to others through an exchange or decentralized platform, such as the conversion operation between fiat currency and encrypted assets; Then, various digital currencies can be used for exchange or payment
This method can be divided into two types: first, as an intermediate link, the exchange serves to establish a direct price transmission network for different types of tokens, which can be freely circulated on different blockchains to achieve the purpose of value exchange. On the other hand, in order to avoid the risk caused by price instability, the exchange also needs to formulate corresponding rules so that users can choose their own trading tools for investment For ordinary players, the most familiar thing is “spot+leverage”. When you start trying to long a certain token, your funds often experience losses due to changes in price, and even lead to losses. Therefore, during this process, many partners will experience anxiety:
1 “How to ensure the safety of the principal? What if all the profits are put in the wallet If you can achieve this: “I just want to increase my benchmark return a bit, don’t lose.” If you want to participate in the platform’s mining now, you must master the following three skills: 1. Trading threshold setting -1. Waiting for about 10 minutes to complete withdrawal after buying, 2. Long order listing time can be more than 30 seconds; 3. Entry and exit channels – available after 2 hours In traditional financial markets, the “Exchange Day” is settled on a monthly basis and usually takes effect one month later, as shown in the figure below. A 5% annual handling fee is charged. Generally speaking, there is a fixed deadline every week and a new position must be opened before the end of each quarter. Opening positions by month “is a relatively simple strategy that can save users’ costs. At the same time, it can also reduce the trading costs of holders There are also some concepts similar to “perpetual contracts”. Currently, there are many forms in the market, but due to the wide scope involved, this article will not delve into them. Here, we introduce a very suitable method for individual investors, which is to purchase Bitcoin through over-the-counter OTC and obtain profits through grid trading.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/22225/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
VitalXP’s “Lowlife Forms” Secures $3 Million in Pre-Seed Round Financing
It is reported that VitalXP, a game production company, announced that its Web3 shooting game Lowlife Forms completed a pre-seed round of financing of US $3 mi…
-
Overnight updates on April 17th at a glance
21:00-7:00 Keywords: May interest rate hike, Binance, Bank of England, US SEC commissioner
Overnight updates on April 17th at a glance
I. Introduction A. Importance of financial -
Optimism Launches RetroPGF 2 to Fund Public Products on Ethereum L2 Network
On March 10, Optimism, the Ethereum L2 network, announced on social media that the second round of retroactive public product fundraising (RetroPGF 2) voting h…
-
Why can Bitcoin be traded on a platform
Why can Bitcoin be traded on a platform? Why can Bitcoin be traded on a platform? Today we will talk about why Bitcoin can be a trading platform Firstly, it should be noted that Bitcoin’s trading platform is built to provide services to people through the internet. It is a very convenient and secure choice for users to buy, sell, hold, and transfer digital assets on the platforms they use; At the same time, they can also create value for their own funds and achieve financial freedom. Secondly, as Bitcoin itself is a highly innovative and promising financial product, it is also very attractive for an ordinary investor. However, with the development of technology becoming more and more mature, and the demand of mainstream society for Cryptocurrency is also increasing, so exchanges, as a relatively important Medium of exchange, have become the focus of many people’s attention, because they enable traders to easily access various types of digital assets, thereby…
-
Kraken Accelerates Banking Plan Despite Regulatory Challenges
According to reports, Marco Santori, Kraken\’s chief legal officer, said in the podcast that although the regulatory environment was full of challenges, Kraken …
-
What is Adding an XRP Address?
Adding an XRP address is very simple in the cryptocurrency space. Adding an XRP
-
Blockchain and Digital Currency Sectors Experience Negligible Losses
According to the news, the A-share closed with the Shanghai Composite Index at 3230.08, down 1.4%, the Shenzhen Composite Index at 11442.54, down 1.19%, and th…
-
Bitcoin Surges Past $25000 Amidst Growing Market Volatility
According to the report, the market shows that BTC has exceeded US $25000 and is now reported at US $25000.4, with a daily increase of 3.06%. The market fluctu…
-
Why Virtual Currency is an Inevitable Trend
Why is virtual currency an inevitable trend? Editor\’s note: This article is from
-
Bitcoin Gains Strength: How Bank Runs in the US Affect the Cryptocurrency Market
On March 28th, according to a Bitfinex Alpha report, Bitcoin gained strength due to a bank run in the United States. The weekly trading volume of the Bitcoin spot market has reache
-
What currency is mkr and the current market situation (what currency is mkp)
what currency mkr is currently trading in. The latest market display shows what currency mkr is currently trading in, with a current quotation of $0.045; Mkr is a blockchain based payment token. Its characteristic is that by providing a decentralized platform, anyone can make real-time peer-to-peer payments, thereby avoiding high transaction costs, high transaction fees, and other issues. At present, in the context of high market circulation, this application is still in the early development stage (such as MakerDAO) and has not implemented complete on chain incentives. (Log in according to APP – Find out, check out the exclusive comments of more currencies. “ What is mkpAccording to the official news, mkp is a digital currency issued based on Ethereum. In the white paper of the token, it is pointed out that” we have seen some projects begin to use mkp as a payment method to support transactions on bitcoin, Ethereum and other blockchains. ” According to CoinMarketCap data, its…
-
Illinois to implement cryptocurrency regulations in line with New York
It is reported that the US state of Illinois will follow the example of New York to develop a cryptocurrency regulatory system, requiring cryptocurrency compan…
-
Dutch Financial Market Authority Takes Hard Stance on EU Encryption Rules
According to reports, Laura van Geest, chairman of the Dutch Financial Market Authority (AFM), said that the Netherlands would take a tough line to implement the new EU encryption rules, even if some suppliers moved to other places. Cryptocurrencies are not good news. They are unpredictable and vulnerable to fraud, fraud, and manipulation. Value is primarily based on speculation and usually has no potential value. In the Netherlands, the connection between the cryptocurrency world and the traditional financial sector remains limited. President of the Netherlands Financial Market Authority: Will take a tough line to implement the new EU encryption rules Analysis based on this information:According to Laura van Geest, the chairman of the Dutch Financial Market Authority (AFM), the Netherlands is prepared to take strong measures to implement the new European Union encryption rules, regardless of whether some suppliers decide to move to other regions. The AFM sees cryptocurrencies as unpredictable, vulnerable to fraud, manipulation, and often lacking potential value…
-
NBA Top Shot App: Limited Time Offer during the 2023 Playoffs
On April 26th, NBA Top Shot tweeted that the NBA Top Shot App will be available on the Apple Store and Google App Store for a limited time, only during the 2023 NBA playoffs.
NBA T -
Whale Uses 300 ETHs to Buy 12445 GMX: Is It Worth the Investment?
According to reports, according to Lookonchain monitoring, a whale once used 300 ETHs (approximately $498000) to buy 12445 GMX (currently valued at approximately $927000), with a G
-
Federal Banking Regulatory Agency Warns of Liquidity Risks Related to Cryptographic Assets
It is reported that the United States Federal Banking Regulatory Agency issued a joint statement today, highlighting the liquidity risks of banking organizatio…