How to buy and sell coins on Bitfinex exchange?
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?
Buy coins
- Register an account: Visit the Bitfinex official website and register an account.
- Deposit funds: Supports USDT, BTC, ETH and other currency recharges.
- Select a trading pair: Find the cryptocurrency trading pair you want to buy, such as BTC/USDT.
- Create a buy order: Select a limit, market or stop order, enter the purchase quantity and price.
- Confirm order: Check the order details carefully and click "Create Order".
Sell Coin
- Select a trading pair: Find the cryptocurrency trading pair you want to sell, such as USDT/BTC.
- Create a sell order: Select a limit, market or stop order, enter the sell quantity and price.
- 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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