Guide to buying and selling cryptocurrencies on YoBit exchange: Create an account and deposit funds. Find the cryptocurrency trading pair you want to trade. Create a market or limit order. Enter the amount and confirm the order. Make sure to hold cryptocurrencies and find trading pairs. Create a market or limit sell order. Enter the amount and confirm the order. Be aware of transaction fees, market fluctuations, and take safety measures. Customer support is available via email and online chat.
YoBit Exchange Guide to Buying and Selling Coins
Buying Coins
- Create an Account: Go to the official website of YoBit Exchange and register an account.
- Deposit Funds: Deposit funds into your account using supported top-up methods such as cryptocurrency, credit card, or bank wire.
- Find a trading pair: In the trading page, find the trading pair consisting of the cryptocurrency you want to buy and the currency you deposited (for example: BTC/USDT).
- Create a buy order: In the "Buy" column, select a "Market" order or a "Limit" order. Market orders are executed immediately at the current market price, while limit orders are executed at the maximum price you specify.
- Enter Amount: Enter the amount of cryptocurrency you want to purchase or the amount of funds you are willing to pay.
- Confirm Order: Check the order details carefully and click the "Buy" button.
Selling Coins
- Make sure you hold the cryptocurrency: Make sure your account holds the cryptocurrency you want to sell.
- Find a trading pair: Similar to buying coins, find a trading pair consisting of the cryptocurrency you want to sell and the currency you want to receive funds in.
- Create a sell order: In the "Sell" column, select a "Market" order or a "Limit" order.
- Enter Amount: Enter the amount of cryptocurrency you want to sell or the amount of funds you wish to receive.
- Confirm Order: Check the order details carefully and click the "Sell" button.
Things to note for newbies
- Transaction Fees: YoBit Exchange charges fees for buying and selling transactions.
- Market Volatility: The cryptocurrency market is highly volatile, and you need to pay attention to the risk of price fluctuations when trading.
- Security Measures: Enable two-factor authentication (2FA) and change your password regularly to keep your account secure.
- Customer Service Support: YoBit provides 24/7 customer service support, providing assistance via email and online chat.
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