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How to buy and sell coins on Bitfinex exchange?

Olivia Jane Martin
Olivia Jane MartinOriginal
2024-10-11 12:00:32235browse

Bitfinex exchange currency buying process: register an account, deposit funds, select trading pairs, create limit orders or market orders. Token selling process: Select a trading pair and create a limit order or market order. Newbies should note: enable two-factor authentication, understand trading fees, understand market fluctuations, use stop-loss orders, obtain customer service, comply with regulatory requirements and verify identity.

How to buy and sell coins on Bitfinex exchange?

How to buy and sell coins on Bitfinex exchange?

Buy coins

  1. Register an account: Visit the Bitfinex official website and register an account.
  2. Deposit funds: Supports USDT, BTC, ETH and other currency recharges.
  3. Select a trading pair: Find the cryptocurrency trading pair you want to buy, such as BTC/USDT.
  4. Create a buy order: Select a limit, market or stop order, enter the purchase quantity and price.
  5. Confirm order: Check the order details carefully and click "Create Order".

Sell Coin

  1. Select a trading pair: Find the cryptocurrency trading pair you want to sell, such as USDT/BTC.
  2. Create a sell order: Select a limit, market or stop order, enter the sell quantity and price.
  3. Confirm order: Check the order details carefully and click "Create Order".

Newbies need to know

  • Account security: Enable two-factor authentication and keep your password safe.
  • Learn about trading fees: Bitfinex charges trading fees, which vary based on trading volume and market conditions.
  • Market Volatility: The cryptocurrency market is highly volatile and it is crucial to do your research before buying or selling.
  • Stop Loss Order: Use a stop loss order to limit potential losses.
  • Customer Service: Bitfinex offers 24/7 customer service, but it may take time to respond.
  • Regulatory Compliance: Bitfinex complies with regulatory requirements and anti-money laundering laws.
  • Verify identity: In order to comply with regulations, Bitfinex may require users to verify their identity.

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