How to buy and sell coins on Bitbank exchange?

The steps to buy and sell cryptocurrencies on the Bitbank exchange are as follows: Register an account and make a deposit. Select a trading pair. Place a limit order: Enter your price and quantity. Confirm order. Complete the transaction. Notes for new traders include: understanding market risks, using limit orders, managing risk, being aware of transaction fees, and focusing on storage security.

Guide to Buying and Selling Coins on Bitbank Exchange

How to Buy Cryptocurrency

1. Register an Account: Visit the Bitbank website and create an account.
2. Deposit: Deposit funds into your account using Japanese Yen or cryptocurrencies.
3. Find a trading pair: Select the cryptocurrency you want to buy and the currency you are willing to pay in.
4. Place a limit order: Enter the price you are willing to pay and the quantity you want to buy.
5. Confirm Order: Check order details and confirm purchase.
6. Complete the trade: When the market price reaches your limit price, your order will be executed.

How to Sell Cryptocurrency

1. Transfer to Trading Account: Transfer the cryptocurrency you want to sell from your foreign currency account to a trading account.
2. Find a trading pair: Select the cryptocurrency you want to sell and the currency you wish to receive.
3. Place a limit order: Enter the price and quantity you are willing to sell.
4. Confirm Order: Check order details and confirm sale.
5. Complete the trade: When the market price reaches your limit price, your order will be executed.

Note for newbies

• Understand the market: Before trading cryptocurrencies, please do your research on the market and understand the risks involved.
• Use limit orders: Limit orders allow you to control the price of your trades and avoid slippage (the difference between the actual execution price and the price you set).
• Manage risk: Use stop-loss orders to limit potential losses.
• Be aware of transaction fees: Bitbank charges deposit, withdrawal and transaction fees, it is important to understand these fees before making a transaction.
• Safe storage: Store your cryptocurrencies in a safe and secure wallet.

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