How to find the best Bitcoin broker trading for yourself
BTC (Bitcoin) has become a trading tool that surpasses existing financial theories. Now many retail businesses and payment companies have begun to agree to use BTC (Bitcoin) as a payment currency. However, although Bitcoin and other cryptocurrencies are for some people It can be very attractive, but he compared to traditional currency with a high degree of price volatility and a variety of investment scams, so we recommend you have been certified brokers BTC Bitcoin trading platform on the market, although compared to the risks and profits become Becoming proportional still attracts a large number of investors to join.
Trade Bitcoin on a regulated trading platform broker
find a regulated broker must be used when trading Bitcoin. In the past, there have been many examples of the destruction and theft of well-known Bitcoin websites, resulting in a large number of Bitcoins causing a lot of losses for investors. This may mean that when trading Bitcoin, the integrity and reliability of the trading platform broker can be said to be more valuable than any other profit
Frequently asked questions about Bitcoin & Crypto Currency Trading Broker Platform
What to do if the trading platform goes bankrupt
Generally speaking, there are currently two trading platform brokers:
- Regulated broker trading platform
- Pure crypto currency broker trading platform
Pure crypto currency broker trading platform do not have regulatory agencies, such trading platforms may cause full losses to investors if they go bankrupt or hacked . In addition, since most of the funds processing of these platforms are in loosely regulated offshore banks, it is difficult to trace the flow of funds.
Choice Regulatory trading brokers such as the FCA and Cysec can offer account insurance, meaning that when the platform is closed or bankrupt due to various factors, investors can be compensated for the amount of money required by regulation, such as the FCA UK regulator offering account insurance of up to 80,000 pounds and Cysec offering an account insurance premium of up to 20,000 euros.
Lost BTC Bitcoin crypto currency wallet
If you lose your crypto currency wallet then unless you remember the password, the wallet will be lost forever.
Therefore, it is safer to store and trade crypto currencies through regulated trading platforms.
Use Bitcoin crypto currency to send the wrong wallet address
If the sending address is wrong, it cannot be reversed, so you should pay attention when using crypto currency wallet transactions.
Bitcoin transaction fee and the cost of transmitting virtual currency
The transaction cost of crypto currency is not as low as reported by the news media. Sometimes their fees are higher than the bank’s handling fees, but sometimes the handling fees are incredibly low. This situation is called a market mechanism. When there is a lot of transaction and sending demand, the handling fee will soar. On the contrary, the handling fee is low, which depends on the current market demand.
deposit by bank card to buy BTC Bitcoin crypto currency
Note that if you buy BTC Bitcoin crypto currency through credit card, the trading platform may charge up to 3% of the fee, but some platforms do not charge this fee, so it is best to look before you deposit.
summary
Most people use Bitcoin for the purpose of trading and profiting from it. Unless you have a real need to use it, it is always safer to use the trading broker platform because it is protected by the account insurance provided by the regulated trading platform. In order to protect your property, what most do not know is that there are actually many virtual currency trading channels and their handling fees are not higher than that of crypto currency trading platforms and sometimes even lower.
