How to open a bitcoin trading account?
Bitcoin is one of the biggest issues in the world today. Bitcoin seems to be a headache for all developing and developed countries. Especially due to the price of Bitcoin that reached from the end of December 2016 to the middle of January 2017. In January 2016, the price of Bitcoin reached 20,000 dollars. And from then on, everyone started having headaches about the effects of Bitcoin.Now 1 $BTC value $50k+
Why is the price of this bitcoin without so much restraint? The main reason for this is that it is not a currency like the local currency of any country. It is not the single currency of any country. So no country has control over it. It is a decentralized currency, which is traded using blockchain technology. And this is the main reason why prices are out of control. However, developed countries, especially the American regulatory authority SEC, have stepped in to regulate Bitcoin. Although it does not seem possible. However, time will tell.
Is Bitcoin Trading Legitimate?
Legality is required to work on any major economic issue. In any country, if an organization wants to start work, it first has to get legitimacy from the government in that country. And so we need to know before trading bitcoin, is bitcoin trading legal in our country? If you google a little why you are not a citizen of the country will get the answer. Now one thing is if bitcoin trading is not legal in your country then you can't do bitcoin trading? If bitcoin trading is not legal in your country, you will not be able to trade bitcoin, but that is not right. As Forex is not yet legal in many countries, do people in those countries think that Forex is not traded? Okay, but yes there is one thing left to talk about. And then, there is a little bit of complexity between the country that gives legitimacy and the country that imposes sanctions.
If you are a citizen of a country where there are no barriers to bitcoin trading. That is, in the country where bitcoin trading is legal; There, if there is a problem with your account in the trading exchange you are trading in, that is, if the exchange does not embezzle your money / dollar / bitcoin / cryptocurrency or tries to embezzle, you can take legal help from the government. This means that if you are a citizen of a country where Bitcoin trading is legal, you are not afraid of having your money stolen.
And if you are a citizen of a country that has not legalized bitcoin trading. But in that case; Exchange sites will not deprive you of trading (with the exception of some exchange sites). However, if those exchange sites embezzle your money or try to do so, you can not expect any government support. That means you have to trade in your private rickshaw. Also no different subject.
Where is Bitcoin traded?
As I am publishing this article, according to the information of Coinmarket, there are currently 15816 / = (fifteen thousand eight hundred and seventeen) exchange markets for Bitcoin trading. The number is too large. You can choose one or more of these to your liking. But yes, don't forget about trusted and secure. From here, the American trading company Coinbase was a well-known and expensive company. Although it has lost much of its popularity due to its self-limitation. At present, Chinese trading company Binance is at the top considering security, trading fees and trust. Although a year and a half ago, Bitrrex occupied that place. There are also many forex markets where bitcoin is traded, such as the XM market. However, I would suggest that if you only want to trade cryptocurrency, then of course to trade in all the markets that have been born for cryptocurrency.
How to open a trading account?
Opening an account for bitcoin or cryptocurrency trading is not a complicated matter. After you have come so far, when you are reading my writing, I will assume that you have a Facebook / Twitter account. And when you use a site like Facebook / Twitter, it is not a complicated matter for you to open an account on any site. Like other sites, you can open an account here with your email, name, mobile number information. However, opening an account is not an important issue in the cryptocurrency market, the main thing is to remember some important things while opening an account and after opening an account.
What to do when opening an account in the trading market.
You may have opened an account on many web sites in your life. But you may not be able to tell when you opened them. Maybe Anmanik can talk about any year but the date? I did a little scrub, please do not take anything! I'm kidding, but one thing I'm serious about is the date. Anyway, let's get to the point. No matter which cryptocurrency market you open an account for trading in, it is important to keep track of the activities that will take place from the time you open the account to the time you use it. E.g.
The exact date, IP address, email, mobile number of the day you open the account. Write these down in a safe place. Then if you have submitted any documents to verify your account, write down the date when you submitted that document and when it was verified. To increase the security of your account, write down the date when you activated 2FA and the backup code that will be given to you when activating 2FA. Sometimes you can take a screenshot of how much balance you have in your account.
After reading so much, maybe you are wondering what I am talking about! Yes, if there is no problem in your account then there is no problem. But God forbid you have to update any information due to a problem in your account. Suppose the email you sent to your account was corrupted for some reason, for example, you were using a Gmail account for some reason: Google has deactivated your Gmail. Then you will need all the above information to recover the accounts that you have in the cryptocurrency exchange market. If one of them is omitted, you will lose hope of getting your account back. So it is your responsibility to take care of your own account
@MarcDeMesel @Macronald @ErdoganTalk @Telesfor @btcfork @SofiaCBCH @MobTwo @georgedonnelly @Jane @Koush Thanks for all big users