How to trade digital currency in RMB

1.

ways to purchase digital currency:

at present, digital currency is more like an investment proct. Due to the lack of a strong guarantee institution to maintain its price stability, its role as a measure of value has not yet appeared, nor can it be used as a means of payment. As an investment proct, the development of digital currency is inseparable from trading platforms, operating companies and investors

trading platforms play the role of trading agents, while some play the role of market makers. The profits of these trading platforms come from the current expenses and premium income of investors trading or holding digital currency

1. Investors need to register accounts first, and obtain digital currency accounts and US dollar or other foreign exchange accounts at the same time

2. Users can use the money in their cash account to buy and sell digital currency, just like buying and selling stocks and futures

3. The trading platform will sort the buying and selling requests according to the rules and start matching. If the requirements are met, the transaction will be completed

4. Due to the difference between the trading volume submitted by users, the trading request can be partially executed

take RBM operated by professional operation company opencoin as an example: ripple protocol was originally designed based on payment method, and its design idea was based on acquaintance relationship network and trust chain. Using ripple network for remittance or loan, the premise is that the payee and the payer must be friends or have common friends. Otherwise, the trust chain between users and other users cannot be established, and the transmission cannot be carried out

extended information:

the characteristics of digital currency are as follows:

1, low transaction cost

compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment of high handling charges to payment service providers

2, fast transaction speed

the blockchain technology used in digital currency has the characteristics of decentralization, and it does not need any centralized organization similar to the clearing center to process data, so the transaction processing speed is faster

3, high anonymity

in addition to the physical form of currency can achieve peer-to-peer transactions without intermediary participation, one of the advantages of digital currency compared with other electronic payment methods is that it supports remote peer-to-peer payment, and it does not need any trusted third party as intermediary

both sides of the transaction can complete the transaction in a completely strange situation without mutual trust, so they have higher anonymity and can protect the privacy of the traders, but at the same time, they also create convenience for cyber crime, which is easy to be used by money laundering and other criminal activities

2. After the digital currency is sold, it is generally universal usdt, or OTC, which can be directly converted into legal currency, that is, RMB, which is not difficult to operate.

3. From a professional point of view, toobi is a large-scale blockchain digital currency trading platform. You can have a look at it

4. Generally, when trading, the amount will be converted into U.S. dollar units. For example, if the domain Kingdom starts to invest at $5, it will be converted into tens of yuan. Basically, many platforms support investment in this way.

5. It depends on what kind of digital currency. If you buy it directly from a bank account, you can only buy digital RMB, but there is a special digital wallet
if it is other digital currencies, such as bitcoin, Ethernet and so on, if you want to buy it through renminbi, you can only purchase on the digital currency trading platform. Many trading platforms can be purchased directly by WeChat, Alipay, bank card and so on. Of course, choosing a reliable platform is also very important, like the currency of fire. Saturn exchange and so on are good platforms. Recently, a lot of friends have been in Amway, mainly because they have formal digital currency licenses. Such exchanges are relatively safer and less worry.

6. Just like the way you buy bitcoin, it's very simple. There is a shortcut area in the legal currency trading on the okex exchange. In the shortcut area, select I want to sell, enter the number of bitcoins you want to sell, set the collection method, and then you can sell bitcoin with one click. If you press the market price, you should close the deal in that second. OK has a large trading volume and good depth. If you are satisfied with my answer, please accept it

7. In China, digital currency platforms seem to be illegal, so pay attention to risks.