How does the bitcoin exchange
The work of the bitcoin exchange with a deeper look is not so difficult. In essence, these are exchange operations for converting cryptocurrency into other assets. These are usually local currency units.
From the point of view of its functionality, the sites are well adapted to the work of users. They have an affordable, multilingual interface and various additional features. However, it is important to note that, despite today’s level of information security, bitcoin exchanges do not guarantee users 100% security of electronic money transactions. Unfortunately, personal accounts are hacked, and it’s almost impossible to provide legal protection to users, since it is difficult to link this concept with this digital money. More specifically, the absence of a regulator and a controlling element in the system, even despite the high transparency of all transactions with electronic coins, does not allow this, even where the currency has a legislative basis, and what about countries where it does not in contact with the legal field.
Sale However, this does not stop anyone and there are quite a lot of sites carrying out exchange operations in the network. This indicates a high level of their demand. The most popular include: Mt.Gox, BTC-E, as well as OKCoin from China. Every day, through each of them passes up to 250 thousand electronic coins.
In addition to exchange transactions, some bitcoin exchanges offer their customers a service similar to the one offered by stock exchanges. In particular, traders have the opportunity to participate in margin trading.
Btc Exchange: how to make money
Obviously, the main way of earning that bitcoin exchanges offer is a game on the difference in rates. This is a good business, and the profit from it can reach, with the right scenario and the presence of certain knowledge and skills, up to several tens of percent per day.
Speaking about how the bitcoin exchange works, it should be noted that, according to many experts, this cryptocurrency has all the characteristics of a speculative tool. Its rate depends on the amount of supply of coins and the demand for it.
In addition to the trade itself, exchanges offer additional types of profit. For example, on the so-called surfing. For this bitcoin exchange pays a small reward. Of course, in order to earn more or less tangible money, you will have to work hard, but then the coins received in this way (rather, their parts, because today their rate is quite high), you can invest in trading.
Bitcoin exchange. How the course is formed
It is clear that btc is a very dynamic tool, where the rate changes every day, and, despite the general growth dynamics, serious falls do occur. Therefore, when trading, in order to somehow predict the trend, it is necessary to analyze the following information
- The volume of mass Bitcoin, which is in circulation
- The speed of mining (mining coins)
- The volume of daily transactions, etc.
Bitcoin exchanges in runet
The concept of the Russian Bitcoin exchange is in no way connected with the physical location of the resource in Russia. In fact, it can be located anywhere in the world, and its only difference from similar sites is the presence of the Russian language in the interface. Despite the fact that such a Bitcoin exchange, as a rule, has a modest pace and it is difficult to earn big money here, however, and here you can find your advantages. The main thing is an intuitive interface. This will not only make you feel comfortable in the new environment, but also relieve you of many mistakes associated with misunderstanding the nuances of a foreign language.
Of course, the Bitcoin exchange is not so complicated, and the main thing that needs to be done here is to be able to buy low and sell high. However, it is important to clearly understand the sequence of your actions. Otherwise, because of the uncertainty, you can lose a lot.
After the first stage is completed, you will learn to analyze the trend, and you will be able to predict the course with relative accuracy, you will be able to move to a new level, and move to large international sites.
Any stock market and bitcoin exchange is not an exception, it implies that a trader, even a beginner, has certain professional knowledge, without which it is simply impossible to start making a profit. You will need to learn how to read charts and extract the information you need, analyze the history of transactions and their volume, and collect other important information.