Bitcoin Investment Guide For Beginners

Those who have found and know this article must have decided whether to invest in Bitcoin or not, right?

So where to start when you are just “wet feet” into this Cryptocurrency market?

Searching on Google, you see all articles about specialized terms that when read in your mind are like a “mess”.

Therefore, today Techtipsnreview.net will have an article to guide you on the most basic and simplest way to invest in Bitcoin for beginners.

Read more: What is Bitcoin? Should you invest in Bitcoin or not?

Straight to the point: YOU WILL BUY BITCOIN IN TO SUPPORT AND WHEN BITCOIN INCREASES THE PRICE, SELL IT TO MAKE A profit.

Doing anything requires careful preparation and investment.

There are currently many ways to buy and sell Bitcoin, in this article I will guide you through some of the simplest and easiest ways to do it.

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Buy and sell Bitcoin on Remitano

To buy and sell Bitcoin, you need to have a Remitano account for yourself.

Once you have a Remitano account, the next step is simply to buy Bitcoin.

How to buy Bitcoin on Remitano

To buy Bitcoin on Remitano after logging in, you have 2 ways.

Says 2 but they’re actually the same thing:

  • The first is that Remitano will introduce the seller to you.
  • The second is that you pull down the list of sellers and like who will buy that person.

It’s the same two steps, so I’ll just add 1!

Step 1: Choose “BUY NOW” to enter the transaction screen.

Then fill in the information (when you enter the amount of BTC you need to buy, the system will automatically convert it to VND price and display a list of sellers for you).

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Your BTC wallet address: To find your BTC wallet address, go to BTC wallet => Load => The line consisting of letters and numbers as shown below is BTC wallet address of brothers.

Back to the time of buying, when you choose Buy BTC A notification popup will appear.

Reminder that when transacting through the bank should not mention anything about Bitcoin.

Because our state is currently banning Bitcoin trading, so when you mention it, you are breaking the law and the system will lock your account.

If you agree to the transaction, press “AGREE“.

A notice will appear, you will have 15 minutes to pay the transaction to the seller.

Pay attention to fill in all the correct information such as:

  • Is the BTC wallet really mine?
  • Is the quantity I bought correct?
  • Accurately record personal information for transactions.

If everything is correct, you will receive the corresponding amount of BTC in your Bitcoin wallet after paying for the transaction.

So you have finished buying Bitcoin.

How to sell Bitcoin on Remitano

Selling on Remitano is the same as buying, it’s the same exchange process.

Step 1: Choose “BUY NOW” to enter the transaction screen.

Later enter BTC number for sale => press the button “Sell ​​BTC“.

After you choose to sell, the screen will switch to the payment information input window. Please fill in the correct payment information and then click “CONTINUE“.

Unlike the buy time, the sale time, you have 12 hours for buyers on the floor to complete the transaction.

After 12 hours without the transaction, the system will automatically cancel your sell order.

If within 12 hours, you want to cancel the transaction, then Click the button “Cancel the transaction” and Click the button “Cancel” when the message appears.

Accomplished! Above is how you buy and sell BTC on Remitano.

Is trading on Remitano safe?

And here’s how trading on Remitano works:

Buyer clicks on the seller’s buy order => the system will keep that person’s BTC => When the buyer pays the transaction for the seller => The system will transfer the corresponding BTC to the buyer’s wallet and close end the transaction.

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Don’t be afraid when I transfer money but BTC doesn’t have it! Just check the correct transaction information is ok.

Currently, Remitano supports trading with 3 currency pairs: BTC/VND – ETH/VND – USDT/VND.

That is, in addition to Bitcoin, you can also trade with Ethereum (ETH) and Tether (USDT).

How to buy and sell like with BTC. To trade the remaining two currency pairs, you choose one of the two items as shown below:

Buy and sell Bitcoin on Binance exchange

Binance has just launched a P2P trading market to support you to directly trade between VND and Bitcoin as well as a number of other major coins, especially for free.

Similar to Remitano, you first enter this To register an account.

After registering an account and completing the account security steps, let’s learn how to buy and sell Bitcoin directly in VND.

After entering the main interface of Binance exchange, put your mouse at the word Trade → Select P2P.

For new players using P2P for the first time, Binance will ask you to verify your identity (if you haven’t done it in the security step), add bank account information and agree to some agreements.

Read more: Instructions for using the Pro P2P Lending version of Constant

How to buy Bitcoin on Binance

The interface will automatically switch to “I want to buy“, that is, I want to buy. If you want to buy BTC, click BTC then proceed with the transaction.

There are many different sellers here with different price ranges and transaction limits, you can choose the one you want.

Then click select Buy BTCenter the amount you want to buy in the box as shown, the website will automatically calculate the amount of Bitcoin you receive or you can do the opposite, enter the amount of BTC you want to buy, the web will automatically display the amount you want. must return.

After entering the required information, click BUY then go to the next step.

There will be bank information and clear notes for the transfer transaction, you transfer to the seller according to that information and then click Transferred, next.

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Binance exchange gives you 15 minutes to make a transaction, after 15 minutes the order will be automatically canceled.

In the case of an online seller, after receiving a notification of receipt of money from the bank, the amount of Bitcoin you buy will be transferred to your account immediately.

If the seller is not online, after you transfer the money, wait for about 15 minutes, the Bitcoin will automatically be sent to your wallet on Binance.

In case you do not receive Bitcoin, you can press the Appeal button to get it resolved.

Sell ​​Bitcoin on Binance

After buying, you can store bitcoins on the wallet of Binance, when the price increases, this is when you take profits in VND.

Continue to P2P and select “I want to sell” to close the deal.

Similar to the buyer’s interface, the seller also has a list of sellers with different quotes.

You enter the amount of Bitcoin you want to sell at the price offered by the buyer, then choose Sell ​​BTC.

The next step is to wait for the buyer to make the payment and click confirm, at this time the release button to verify that you have received the money will be open.

Make sure you check your bank message carefully before you press the button release.

So you have successfully closed the deal!

Is trading on Binance safe?

I’ll give you a few reasons to consider:

Binance exchange is the exchange with the largest trading volume today, the credibility and reliability is no doubt attracting a large number of traders around the globe.

Although it is a direct peer-to-peer transaction between buyers and sellers, Binance P2P acts as an intermediary to resolve disputes and conflicts.

You can chat directly with the seller/buyer, with large orders the seller/buyer will call to confirm before the transaction.

The initial amount of coins is kept at Binance P2P, after the two parties complete the transaction, Binance will open the coin and send it to the buyer.

Epilogue

Thank you guys for following my post today. Hope this article brings you useful information.

If you have any questions about the article, leave a comment below the article! I will try to answer you guys as soon as possible!

Or you can join Group Techtipsnreview Insights to directly discuss issues of interest with you in the community.

Best regards and see you in the next posts!

Source: Bitcoin Investment Guide For Beginners
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