How to trade in digital currency exchange
Publish: 2021-04-29 01:52:03
1. Although all websites and platforms related to digital currency trading and ICO projects have been blocked in China, the role played by exchanges in the field of digital currency is very important, so it has to be mentioned
Why do digital currencies need exchanges
as we all know, digital currency is based on blockchain technology and platform, and it is also one of the most typical applications of blockchain
taking bitcoin as an example, its platform provides the function of transferring money among users, but it does not provide the function of transaction and payment, which makes bitcoin unable to communicate with the outside world, let alone circulate, and thus cannot become a real currency
in order to solve this problem, the exchange was born
role of the exchange:
in addition to the above-mentioned trading and payment, the specific functions of the exchange are roughly asset management, matching trading and asset clearing, etc. To put it bluntly, it is equivalent to the Bank of digital currency. The matchmaking transaction here is actually to exchange for other currencies, such as bitcoin for Leyte. Of course, there are also some basic functions such as recharge and cash withdrawal. In principle, it is a centralized account book without being linked
on the other hand, the exchange also plays the role of stock exchange, making ICO (initial token issue) project possible
all kinds of token (token or token) can be raised and issued through the exchange
at this point, some people certainly think that the exchange is a combination of banking and securities trading
but not only that, the exchange also has the functions of futures and financial management, which means it also has the attributes of financial institutions such as futures exchange, securities companies and fund companies
it is not enough. In fact, the exchange also has the function of supervision, because there is no supervision. Therefore, the digital currency exchange can be regarded as a super financial center
the centralized exchange plays an important role, which obviously brings many security risks and trust crisis
all these are closely related to the violation of the "decentralization" advocated by blockchain
fortunately, some "decentralized" exchanges have emerged, which are based on the blockchain platform and rely on smart contracts to achieve the purpose of automation, de trust and transparency
let's briefly talk about how to build an exchange. Generally, a subject is registered first, such as the Singapore foundation, because the Singapore government encourages the development of blockchain, and high-quality project parties are registered in Singapore, which can be more recognized in the instry
the Singapore foundation can register by providing a company name and identity information of directors, and then it can do some legal compliance, which is also the advantage of the Singapore foundation. It can issue effective legal opinions to make the project compliance.
Why do digital currencies need exchanges
as we all know, digital currency is based on blockchain technology and platform, and it is also one of the most typical applications of blockchain
taking bitcoin as an example, its platform provides the function of transferring money among users, but it does not provide the function of transaction and payment, which makes bitcoin unable to communicate with the outside world, let alone circulate, and thus cannot become a real currency
in order to solve this problem, the exchange was born
role of the exchange:
in addition to the above-mentioned trading and payment, the specific functions of the exchange are roughly asset management, matching trading and asset clearing, etc. To put it bluntly, it is equivalent to the Bank of digital currency. The matchmaking transaction here is actually to exchange for other currencies, such as bitcoin for Leyte. Of course, there are also some basic functions such as recharge and cash withdrawal. In principle, it is a centralized account book without being linked
on the other hand, the exchange also plays the role of stock exchange, making ICO (initial token issue) project possible
all kinds of token (token or token) can be raised and issued through the exchange
at this point, some people certainly think that the exchange is a combination of banking and securities trading
but not only that, the exchange also has the functions of futures and financial management, which means it also has the attributes of financial institutions such as futures exchange, securities companies and fund companies
it is not enough. In fact, the exchange also has the function of supervision, because there is no supervision. Therefore, the digital currency exchange can be regarded as a super financial center
the centralized exchange plays an important role, which obviously brings many security risks and trust crisis
all these are closely related to the violation of the "decentralization" advocated by blockchain
fortunately, some "decentralized" exchanges have emerged, which are based on the blockchain platform and rely on smart contracts to achieve the purpose of automation, de trust and transparency
let's briefly talk about how to build an exchange. Generally, a subject is registered first, such as the Singapore foundation, because the Singapore government encourages the development of blockchain, and high-quality project parties are registered in Singapore, which can be more recognized in the instry
the Singapore foundation can register by providing a company name and identity information of directors, and then it can do some legal compliance, which is also the advantage of the Singapore foundation. It can issue effective legal opinions to make the project compliance.
2. At present, all digital currencies are pyramid schemes. It is strongly recommended not to participate in them. In this case, you should quickly go to the bank to transfer the funds on your own card, and then close the account. Safety first.
3. It depends on which platform you want to go to. There are different ways to go without a platform. I know that z and B can submit applications directly on the web page
4. The market is in a mess. You can go there with money
5. 1、 Digital currency ICO is illegal in China
in September 2017, the central bank issued an announcement on preventing the financing risk of token issuance, which formally determined that ICO is illegal financing without approval, and no organization or indivial is allowed to participate
later, on April 23, 2018, it was announced that the left and right digital currency ICO platforms had all withdrawn from the Chinese market, so the current ICO is illegal in China< Second, digital currency exchanges are prohibited in China.
after announcing that ICO is an illegal financing activity, the central bank also listed services such as trading, exchange, pricing and information intermediary for virtual currency as prohibited items, which means that digital currency exchanges are illegal in China
the trading platforms including bitcoin China, okcion, and fire coin all announced to stop the RMB recharge business in 2018, and closed the trading platforms one after another. As of April 2018, all digital currency exchanges have completely withdrawn from the Chinese market
Third, the central bank has not yet issued legal digital currency
so far, the central bank has not issued legal digital currency. If you are recommended to buy a digital currency "authorized or issued by the central bank", it must be a fraud platform
conclusion: there are no relevant laws and regulations for digital currency in China, but according to the documents issued by the central bank, the state is very cautious about digital currency, especially the digital currency issued by indivials.
in September 2017, the central bank issued an announcement on preventing the financing risk of token issuance, which formally determined that ICO is illegal financing without approval, and no organization or indivial is allowed to participate
later, on April 23, 2018, it was announced that the left and right digital currency ICO platforms had all withdrawn from the Chinese market, so the current ICO is illegal in China< Second, digital currency exchanges are prohibited in China.
after announcing that ICO is an illegal financing activity, the central bank also listed services such as trading, exchange, pricing and information intermediary for virtual currency as prohibited items, which means that digital currency exchanges are illegal in China
the trading platforms including bitcoin China, okcion, and fire coin all announced to stop the RMB recharge business in 2018, and closed the trading platforms one after another. As of April 2018, all digital currency exchanges have completely withdrawn from the Chinese market
Third, the central bank has not yet issued legal digital currency
so far, the central bank has not issued legal digital currency. If you are recommended to buy a digital currency "authorized or issued by the central bank", it must be a fraud platform
conclusion: there are no relevant laws and regulations for digital currency in China, but according to the documents issued by the central bank, the state is very cautious about digital currency, especially the digital currency issued by indivials.
6. The exchange is used for trading. There are transactions in it. Cash in and sell
7. Dwarves are stocky and strong in mining
8. Download the official transaction app registration certification, you can trade, there are novice tutorial.
9. Through the relevant digital currency exchange can be traded, such as fire money, Saturn exchange and so on.
10. It's better to choose a reliable platform for digital currency trading. There are many digital currency trading platforms whose security is not guaranteed, but ubitmex exchange is more reliable. They can guarantee the security of digital currency trading and capital security, and the trading rules of the platform are relatively free, I have digital currency transactions through this platform, which is really reliable.. Any questions are welcome
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