EXCHANGE

WISE Saving

PARTNERSHIP

PROMOTION

NEWS & RESEARCH

Blog

Blog

Trading Guide: Introduction and Basics

Wisebitcoin 2021-02-26

Wisebitcoin guide

Imagine you no longer need to have the draining burden to carry your money physically and hunt for operational banks to make your transactions smooth. 

Liberating.

That's precisely what cryptocurrencies have to offer. With nearly 66.96 million active users worldwide, cryptocurrency and blockchains have become extensively booming domains in the last decade. Serving numerous traders with extravagant support and unflinching belief in the users' financial growth, the entire token-trading has become a vast entice.

 

What is cryptocurrency? How does it work?

Used for digital transactions and goods exchange, cryptocurrency leverages decentralized operations. Unlike fiat money, it isn't governed by anyone's central organization, instead, it works on blockchain technology. Not only does this allow its users to reap the benefits of high-encrypted securities, but it also provides an opportunity for customers to trade the tokens and make profits!

 

Getting started with Wisebitcoin: An International Cryptocurrency Exchange for Professional Traders

Initiating your first steps towards getting into this volatile market is crucial. Specific considerations are focussed upon while setting up the exchange platform. These will ensure that you trade in a way you prefer, aiding you to get higher revenues of profits. 

Established in 2018 with its beta version, Wisebitcoin is a decentralized exchange serving professional traders with an eloquent trading experience. Connecting more than 15 million users, it anchors close to 280 other cryptocurrency exchanges worldwide.

So let us start your journey of acing the coin industry with Wisebitcoin!

Sign Up

Wisebitcoin presents you with easy navigation to sign up and get started. Click on the “sign up” button at the top right corner of the web landing page.

The portal provides you with two easy options to sign-up, either with your mobile number or email address. Both the choices serve you with similar results, ensuring a secured transaction. 

After a successful login, you will be redirected to the exchange. 

 

The Crypto Wallet 

Much like your physical wallets, the crypto wallet keeps track of all your transactions and guides you with quick balance previews. Through this, you can:

It is also possible to make these transactions from/to an external payment wallet by heading towards the coins list page options. 

  1. Balance Check 

You can quickly check your current balance in the crypto money over the exchange platform. This helps you analyze your tradings, check your current worth, and evaluate multiple minimum coin count criteria. 

  1. Funds Deposit

Wisebitcoin serves you conveniently to deposit your funds to the desired wallets through a dedicated blockchain. Depositing your funds can be done by following these simple steps:

  • Make a copy of the deposit address to ensure that you are making the respective payments to the correct payment wallet address.
  • Select a blockchain type from the options provided for the deposit to be made (Tether USDT opted for USDT coin deposits)

Wisebitcoin has ensured to make a hassle-free fund depositing experience for its users where they can make the transactions with ease.

  1. Funds Withdrawal

The exchange also lets you withdraw your funds and assets acquired over time. The entire withdrawal process requires high-end security, thus making you set a separate asset password and two-factor authentication in place. These can be done as:

  • Set up an "Asset Password" that is different from your Login password
  • The Asset password is created after the successful verification of the code received over phone/mail (remains active for less than 24hours)
  • An extra secured system is set up after the code validation of the Google OTP
  • Feed-in your wallet address for the withdrawal of funds
  • Type the desired amount of crypto and click on the "Withdraw" button
  • Make a note of the minimum amount criteria before proceeding

That's how, in just a few simple steps, you can withdraw your assets with ease. All these transactions are made with extreme vigilance and security. 

 

Wisebitcoin offers these exchange venues primarily;

  • Cryptocurrency Exchange (Physical)

A traditional Crypto exchange where all the coins based on the blockchain are traded by crypto investors for the fundamental value of the issued coins. 

  • Cryptocurrency Futures Exchange (Perpetual Contracts)

In this exchange, Wisebitcoin enables long and short trades via Future Contracts to leverage the price fluctuations in crypto markets. The perpetual future contracts do not carry any expirations, therefore, offering extensive flexibility. 

Wisebitcoin also extends its services and offers Cryptocurrency Options Exchange  (TBA) as the venue for firm transactions and conversions. 

All these steps will enable you to get started with trading via Wisebitcoin exchange. Set up your account with ease and get ready to explore. 

 

Trading at the Exchange

Wisebitcoin offers a host of crypto coins, such as Bitcoin, Ethereum, Ripple, Litecoin, and more, to trade from.

Trading at Wisebitcoin is a standard process. The exchange has two units – traditional cryptocurrency exchange and perpetual contracts exchange.

The difference in the profitability of physical and perpetual contracts is the underlying crypto value. Traders can profit from both up and down of the market. Since it comes at greater risk, it is always good to assess risk before using leverage.

The commission for both types of contracts is 0.07% and is subject to change. The market hours are open 365 days, 24/7. Any service interruptions due to server maintenance will be announced in advance.

You can further learn more about Wisebitcoin’s offerings and get the descriptive information here. To get insights into the latest updates in the Crypto industry, follow us on Twitter