How to Buy and Sell Virtual Currency on BitBank
Are you interested in buying and selling virtual currency on BitBank? If so, you've come to the right place. In this article, we'll explain how to buy and sell virtual currency on BitBank, a domestic virtual currency exchange. We'll cover everything from logging in to the exchange screen to placing orders and understanding fees. Even if you're a beginner, we'll explain everything in a way that's easy to understand.
Logging In
First, log in to BitBank with your PC. After you've received the information, you'll be able to press a button and be redirected to the exchange screen.
Understanding the Exchange Screen
The exchange screen is a place where you can trade with fly sales documents. It's like a convenience store where you can say, "I want 1,000 yen worth of Bitcoin," and then you would understand. It is a sales book that allows you to buy and sell in the form of a sale. In comparison, an exchange can be thought of as a number one auction. So the price changes every minute and second. It is an auction format.
Market Orders
A market order is an order made by someone who wants the current price. If you want to buy or sell immediately, you should choose this ordering method. There is a button called "Market," so press the market button and select whether to buy or sell. If you want to buy, write, "For example, Japanese yen is currently 300,000 yen in the account." Now let's say you want to buy 150,000 yen out of the 300,000 yen. Then, if you type 150,000 like this here, it will say 100% because you don't have any money in it. You can also choose to buy 50% of the amount in your account.
Pre-Orders for Difference Orders
In the case of an order within the difference price, it's called a taker transaction, which is placed on the board here. However, in this case, there is a -0.02% commission. You can get 0.02% of the amount you bought. It can also be a trade, so it's a differential order. It can also be a taker trade.
Understanding Fees
BitBank charges a commission fee of -0.02% for those who place a pre-order, so they eat up the pre-orders of their trade. The transaction will cost 0.12%. This is a maker fee. There is also a taker fee. However, it's a little difficult to explain this to beginners. Taker is a transaction that eats up this board.
Pros and Cons
Pros:
- Easy to use interface
- Low fees
- Market and pre-order options available
Cons:
- Some features may be difficult for beginners to understand
- Limited to domestic virtual currency exchange
Highlights
- BitBank is a domestic virtual currency exchange that allows you to buy and sell virtual currency.
- The exchange screen is like a convenience store where you can buy and sell in the form of a sale.
- Market orders are orders made by someone who wants the current price.
- Pre-orders for difference orders are placed on the board and have a commission fee of -0.02%.
- BitBank charges a transaction fee of 0.12%.
FAQ
Q: Is BitBank a safe exchange to use?
A: Yes, BitBank is a safe exchange to use. They have security measures in place to protect your virtual currency.
Q: Can I buy and sell virtual currency on BitBank from my mobile device?
A: Yes, you can buy and sell virtual currency on BitBank from your mobile device.
Q: What virtual currencies can I buy and sell on BitBank?
A: BitBank allows you to buy and sell Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
Q: What are the fees for buying and selling virtual currency on BitBank?
A: BitBank charges a commission fee of -0.02% for those who place a pre-order, and a transaction fee of 0.12%.
Q: Can I withdraw my virtual currency from BitBank?
A: Yes, you can withdraw your virtual currency from BitBank.
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