How to do over the counter trading of bitcoin
Publish: 2021-05-08 14:41:53
1. Generally speaking, after downloading the app of okex exchange and registering your own account, you can start to buy bitcoin. At present, there are two main ways to buy bitcoin in okex exchange, which are OTC trading and OTC trading. In terms of special terms, it is commonly known as legal currency trading and currency trading. Let me talk about legal currency trading first
as the name suggests, the OTC trading of legal currency is guaranteed by the okex platform, so that users on the platform can directly trade with confidence point to point, which is similar to the principle of a treasure. In short, we can directly use legal currency to buy bitcoin or other digital currencies. The specific operation method is also very simple. After opening the okex app, click the legal currency button at the bottom, and then select I want to buy it at the top, then select BTC as the currency, and then enter the purchase quantity. Because okex has highly integrated legal currency trading system, although it is OTC trading, the system automatically matches the right seller, So the sensory buying experience is very smooth.
as the name suggests, the OTC trading of legal currency is guaranteed by the okex platform, so that users on the platform can directly trade with confidence point to point, which is similar to the principle of a treasure. In short, we can directly use legal currency to buy bitcoin or other digital currencies. The specific operation method is also very simple. After opening the okex app, click the legal currency button at the bottom, and then select I want to buy it at the top, then select BTC as the currency, and then enter the purchase quantity. Because okex has highly integrated legal currency trading system, although it is OTC trading, the system automatically matches the right seller, So the sensory buying experience is very smooth.
2.
Now bitcoin has grown into a currency system with millions of users and tens of thousands of businesses accepting payments around the world, with a market value of up to 10 billion US dollars
how to trade bitcoin
2. Buy bitcoin:
1) after entering BTC transaction, click [buy bitcoin]
2) after entering the buy bitcoin interface, enter the purchase price and purchase quantity (the purchase quantity must be less than the maximum purchase quantity) according to the page prompt, enter the transaction password, and click [order] to complete
3) view the transaction status
if your transaction is not closed, you can click [entrustment management] to find your unsettled registration form
if your transaction has been completed, you can click [transaction query] to view your completed registration form
3. Selling bitcoin
the selling operation is basically the same as the buying operation. You can refer to the buying operation< br />
3. Over the counter trading of bitcoin is also called underground trading of bitcoin
it mainly refers to other transactions that bitcoin does not conct through formal and legal channels and platforms such as exchanges, for example, small amount of personal online transactions, large amount of offline face-to-face transactions, one-hand transfer of money (on-site transfer of money to the buyer's wallet address) and one-hand payment.
it mainly refers to other transactions that bitcoin does not conct through formal and legal channels and platforms such as exchanges, for example, small amount of personal online transactions, large amount of offline face-to-face transactions, one-hand transfer of money (on-site transfer of money to the buyer's wallet address) and one-hand payment.
4. This kind of transaction takes the OTC channel, and now the okex exchange supports it. There is a special legal currency trading area, which supports the transaction between retail investors and businesses, but the platform serves as an intermediate guarantee.
5. Over the counter trading of bitcoin: passing refers to the bitcoin trading that is not traded in the bitcoin exchange but is privately concluded at a price higher or lower than the price specified in the supply and marketing meeting or with other conditions
the risks of over-the-counter trading of bitcoin are mainly in the following aspects:
first, the legitimacy of the transaction, whether the bitcoin transaction is legal, and whether there is any suspicion of evading the law
Second, the identity of both sides of the transaction, both sides of the transaction do not know who the other party is, for both sides, it is a kind of risk-taking instry
Third, transaction rules, both parties are not sure whether the other party completes the transaction according to the agreement
Fourth, after the transaction, whether other issues are involved after the completion of the transaction
as an over-the-counter transaction of bitcoin, bitcoin packets feel that there are great risks for both sides of the transaction. Therefore, for the users who have the intention to trade, try to go to the formal platform to complete the bitcoin transaction.
the risks of over-the-counter trading of bitcoin are mainly in the following aspects:
first, the legitimacy of the transaction, whether the bitcoin transaction is legal, and whether there is any suspicion of evading the law
Second, the identity of both sides of the transaction, both sides of the transaction do not know who the other party is, for both sides, it is a kind of risk-taking instry
Third, transaction rules, both parties are not sure whether the other party completes the transaction according to the agreement
Fourth, after the transaction, whether other issues are involved after the completion of the transaction
as an over-the-counter transaction of bitcoin, bitcoin packets feel that there are great risks for both sides of the transaction. Therefore, for the users who have the intention to trade, try to go to the formal platform to complete the bitcoin transaction.
6. In fact, there is nothing to pay attention to, just trade according to the process. Since the resumption of bitcoin withdrawal, the OTC trading volume of bitcoin has declined, but Chinese businessmen and business people do not want the OTC trading to stop. Start with the OTC guarantee platforms in China, and get familiar with OTC transactions on these platforms, just like Taobao, start with small orders and accumulate trust in customers.
7. It may also be because it can't stop the development trend and it needs to be decentralized
8. Buy bitcoin
if you have the experience of buying and selling stocks, it's easier to buy and sell bitcoin. In order to better understand the new people, I will take selling and buying stocks as an example to talk about the trading of bitcoin
if you want to buy stocks, the first thing you need to do is to open an account in the stock exchange company, and then bind the bank card for trading. Nowadays, many young people will choose to open an account online, and then directly buy the stocks they value through the Internet. This approach is closer to bitcoin trading
buy bitcoin by buying stocks: first of all, you need to register your account number (fire coin, cloud coin, etc.) in the relevant bitcoin exchange, and your account number needs to be registered by email. After the account number is registered, enter the exchange to fill in the relevant information and bind the bank card, and then transfer the funds to the exchange through online banking transfer. Finally, you can buy bitcoin
transfer note here needs to be noted: the exchange does not accept Alipay, WeChat and other transfer methods. It's usually through online banking. So we must pay attention to this
after the above operation, you can get the first bitcoin in your life. Since China banned all domestic bitcoin related exchanges in September this year, it has become somewhat difficult for RMB to buy bitcoin
therefore, bitcoin cannot be purchased by the above methods in China
the current method of purchasing bitcoin
e to the prohibition of domestic exchanges, the purchase of RMB becomes more and more difficult. Of course, if you've been trading all your money before, you can just exchange bitcoin directly. If you don't have money on the exchange, you need to buy bitcoin over the counter< Over the counter trading (OTC): you can understand it as a trading mode like Taobao, which is not too much
after the seller registers his commodity (bitcoin) in the corresponding OTC exchange, the buyer who is interested in the commodity will contact. Then the buyer transfers the amount needed to purchase the goods through WeChat or Alipay to the seller. After receiving the money, the seller will transfer the corresponding bitcoin to the buyer. The platform plays a confirmation role in the whole transaction. To some extent, you can understand it as the role of platforms such as Taobao or Jingdong
after you receive bitcoin, you can transfer the bitcoin on the OTC exchange to your previously registered exchange account through the bitcoin address. At present, the commonly used transactions are all coin an, bitfinex, etc. You can also convert your bitcoin into other currencies in these exchanges, such as eth, EOS, BCH, OMG, etc
in this way, the whole process of RMB purchasing bitcoin is successfully completed.
if you have the experience of buying and selling stocks, it's easier to buy and sell bitcoin. In order to better understand the new people, I will take selling and buying stocks as an example to talk about the trading of bitcoin
if you want to buy stocks, the first thing you need to do is to open an account in the stock exchange company, and then bind the bank card for trading. Nowadays, many young people will choose to open an account online, and then directly buy the stocks they value through the Internet. This approach is closer to bitcoin trading
buy bitcoin by buying stocks: first of all, you need to register your account number (fire coin, cloud coin, etc.) in the relevant bitcoin exchange, and your account number needs to be registered by email. After the account number is registered, enter the exchange to fill in the relevant information and bind the bank card, and then transfer the funds to the exchange through online banking transfer. Finally, you can buy bitcoin
transfer note here needs to be noted: the exchange does not accept Alipay, WeChat and other transfer methods. It's usually through online banking. So we must pay attention to this
after the above operation, you can get the first bitcoin in your life. Since China banned all domestic bitcoin related exchanges in September this year, it has become somewhat difficult for RMB to buy bitcoin
therefore, bitcoin cannot be purchased by the above methods in China
the current method of purchasing bitcoin
e to the prohibition of domestic exchanges, the purchase of RMB becomes more and more difficult. Of course, if you've been trading all your money before, you can just exchange bitcoin directly. If you don't have money on the exchange, you need to buy bitcoin over the counter< Over the counter trading (OTC): you can understand it as a trading mode like Taobao, which is not too much
after the seller registers his commodity (bitcoin) in the corresponding OTC exchange, the buyer who is interested in the commodity will contact. Then the buyer transfers the amount needed to purchase the goods through WeChat or Alipay to the seller. After receiving the money, the seller will transfer the corresponding bitcoin to the buyer. The platform plays a confirmation role in the whole transaction. To some extent, you can understand it as the role of platforms such as Taobao or Jingdong
after you receive bitcoin, you can transfer the bitcoin on the OTC exchange to your previously registered exchange account through the bitcoin address. At present, the commonly used transactions are all coin an, bitfinex, etc. You can also convert your bitcoin into other currencies in these exchanges, such as eth, EOS, BCH, OMG, etc
in this way, the whole process of RMB purchasing bitcoin is successfully completed.
9. Currency transaction is more convenient!
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