What does withdrawal mean in the exchange (withdrawing from the exchange to the exchange)?
What does withdrawal mean in the exchange? When transferring and withdrawing fu
What does withdrawal mean in the exchange? When transferring and withdrawing funds in the exchange, it means taking out a portion of the assets from the trading account. The simplest way for users is to convert the money into legal currency or other cryptocurrencies and then complete the transaction through various channels. This method can be understood as sending funds to a specific address and depositing them into a specified wallet, and then using these funds to withdraw.
Generally speaking, when a customer receives a digital asset, they can start withdrawing. If the customer does not have enough time to wait for the withdrawal, the exchange may suspend their services. Therefore, withdrawal in the exchange does not belong to non-cash transaction behavior and is usually referred to as “deposit and withdrawal”.
Specifically, if a person has more than 10,000 RMB and wants to withdraw more than 10 million RMB, they need to convert the principal first and prepare to use various tools provided by the exchange, such as bank financial products, loans, etc. In this way, even if the platform does not receive the money, it can be withdrawn anytime and anywhere. But in this case, if you want to exchange all the digital currencies in your hand, you have to wait for it to be liquidated before you can continue processing.
Withdrawal from the exchange to the exchange
Editor’s Note: This article is from the Fenghuolun community (ID: FHBT18), author: Peipei, authorized to be reproduced by Odaily Star Daily.
Hello everyone, I am BitBrother Xiaomaoge. Today I’m going to talk about a big story in the coin circle:
1. Bitcoin has not seen such a large fluctuation since the plunge that began on December 24 last year, but now it has returned to the consolidation period around mid-April; 2. Ethereum has risen to more than $300 from the end of March this year and is still in a relatively strong state; 3. In this kind of fluctuation, if the trend continues, pay attention to what may happen during this period: Recently, some friends have asked me if they should buy a wave of ETH or other tokens to mine haha~ But we can’t completely ignore this matter. In fact, I think many people regard it as a speculative concept, and some people think it is very strange. After all, being bullish does not mean being bearish. Therefore, there are still many negative factors that affect it, such as when withdrawing, some people say that they need to cash out part of the funds first to exchange stable coins, etc. These are because the overall market situation is in a sideways state, so the price will tend to fall. Of course, some netizens have said that they hold ETH, but they actually don’t think ETH is promising. So for investors, they may be more cautious. As for why the exchange has so much pressure, it is thanks to this trading volume.
After 7:30 last night, Bitcoin once again broke through $10,000 and reached around $10,200, which means that Bitcoin has been fluctuating in the range of $9,000-$9,300 for the past two weeks. Coupled with the good market in the past two days, it is still recommended to use USDT as the main short-term operation. There will not be much movement in the short term, but temporarily do not consider whether similar situations will occur later. In addition, the above-mentioned issues mentioned are also some positive stimuli caused by changes in the trend of the currency price recently, especially the topic of DeFi. So let’s take a look at how the mainstream currencies have performed in the past two days. First of all, from the chart, it can be seen that since Bitcoin broke through $12,000 in June, it has been at a minimum level of $9,500-$9,600. Historical data also shows that Bitcoin was still hovering around $11,400 at that time. Then from early June to the end of September, the overall increase was about 10%, indicating that most people’s sentiment is at this position.
According to Zhao Changpeng, the founder of Binance, who wrote on social media, “In essence, Bitcoin did not surge like it did a few days ago, but more like a direct crash.” It can be seen that in such an environment, whether investors are willing to sell their assets and believe that Bitcoin is a high-risk investment in the long term is not a feasible investment strategy. Secondly, from a technical analysis perspective, since Bitcoin itself is not digital gold, its future still needs more consensus support, and with the continuous growth of Bitcoin and its ecological construction, there will be a demand for value appreciation. “Bitcoin’s virtual commodity attributes are becoming more and more apparent,
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