What is the legal currency transaction of digital currency

1. Simply put, it is to buy bitcoin directly in RMB. If you want to experience it, I suggest you go to the okex exchange to have a try. In addition to legal currency transaction, okex also has currency transaction, that is, exchange currency for currency. I'm glad you've accepted my answer

2. When you buy currency with RMB, it is in the legal currency account. When it needs to be realized, it also needs to be transferred from other accounts to the legal currency account.

3. As the current policy forbids the exchange to trade directly in RMB, the exchange will set up a legal currency trading area, so users can complete the exchange of legal currency and digital currency through OTC OTC OTC trading. OTC legal currency trading is similar to Taobao's C2C platform, where users directly trade with users, while the platform serves as the guarantor

generally speaking, there are not many kinds of cryptocurrencies that can be traded directly in legal currency. Most exchanges support the OTC trading of usdt, BTC and eth. For Xiao users, it is undoubtedly the best choice to exchange legal currency for usdt

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4. This means that the direct transaction between digital currency and RMB or (usdt)
Hot currency OTC is the most reliable

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6. Because digital currency is endowed with value, its value is measured by the value of legal currency. At present, although the exchange supports the withdrawal and exchange of digital currency, there are still limitations. Dabit exchange can be said to have further changed the relationship between digital currency and legal currency in a way, making the exchange between digital currency and legal currency faster and more secure without geographical restrictions.

7. Legal currency transaction can use legal currency, such as RMB and US dollars to buy bitcoin, which is convenient and safe.

8. The traditional cryptocurrency trading platform has only legal currency trading, that is, legal currency to digital currency trading. If you want to buy other digital currencies, you can either increase investment and directly recharge the legal currency for purchase; Or exchange the previous digital currency back to legal currency, and then use this fund to purchase other required digital currencies. This kind of exchange method increases the economic and time cost of investors
with the increase of the types of digital currency and the graal expansion of the scope of application, the traditional legal currency trading has been difficult to meet the investment needs of investors, and more investors began to choose the currency trading as the investment mode. As the name suggests, currency transaction is a kind of transaction that can realize the exchange between digital assets. It allows users to invest in digital currency in a more convenient and economical way without increasing investment
in a sense, currency trading can give full play to capital utility. In image, if the decline of currency a and the rise of currency B can be predicted within a certain period of time, investors can make profits from the decline of currency a and the rise of currency B through a / b transaction, so as to improve the investment income. In addition, if the digital money market falls across the board, investors can also rece losses and ensure asset safety through usdt (digital currency linked to the US dollar) trade to trade
on the other hand, e to regulatory factors, some local governments have explicitly prohibited financial institutions from providing banking services for cryptocurrency business, or prohibited the exchange of digital currency into legal currency in the region. In other words, the digital currency to legal currency transaction will not be smooth in some scenarios, and the currency transaction can be used as an alternative for users to choose
therefore, the transaction volume of currency transaction has exceeded that of legal currency transaction. Of course, whether it's recharge buying currency or currency trading, it's a means of investment; The final return on value should be reflected through the exchange of legal currency. Investors can exchange through the exchange of legal currency or C2C trading
currency transaction can directly realize the exchange between digital assets, which is convenient and fast. The economic cost and time cost are relatively low, and there is no need to increase investment. However, the currency transaction does not support the recharge of legal currency. You need to buy the base currency before you can participate in the transaction, which may be a little difficult for beginners

warm tips: the above information is for reference only and does not constitute any investment proposal. Investors should not use such information to replace their independent judgment or make decisions only based on such information, and does not constitute any trading operation
investors should be fully aware of the investment risks, invest prudently, and on the basis of fully understanding and clearly knowing the risks contained in the procts, decide whether to participate in the transaction through their own judgment, and voluntarily bear the relevant risks
response time: December 11, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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9. That is to use legal money to enter the currency trading market. You need to exchange point-to-point for digital money.