How to buy and sell Bitcoin? A picture and text tutorial on Bitcoin trading

To buy Bitcoin, create an account on an exchange like Binance, deposit funds, find a Bitcoin trading pair, place an order at a desired price, confirm it, and when filled, receive the purchased Bitcoin.

Oct 18, 2024 at 01:42 pm

How to Buy and Sell Bitcoin: A Step-by-Step Picture and Text Tutorial

Bitcoin is a digital currency that was created in 2009. It is decentralized, meaning that no government or financial institution controls it. Bitcoin is traded on exchanges, which are online platforms that allow buyers and sellers to trade with each other.

In this tutorial, I will zeigen Ihnen, how to buy and sell Bitcoin on an exchange. I will use Binance as an example, but the process is similar on other exchanges.

Step 1: Create an account on an exchange

The first step is to create an account on an exchange. Binance is one of the most popular exchanges, and it is easy to use and has low fees.

To create an account, visit the Binance website and click on the "Sign Up" button. You will need to provide your email address and password. Once you have filled out the form, click on the "Create Account" button.

Step 2: Deposit funds into your account

Once you have created an account, you need to deposit funds into it before you can start trading. Binance supports a variety of deposit methods, including credit card, debit card, and bank transfer.

To deposit funds, click on the "Deposits" tab in the top menu bar. Then, select your preferred deposit method.

Step 3: Find a Bitcoin trading pair

Once you have deposited funds into your account, you need to find a Bitcoin trading pair. On Binance, you can trade Bitcoin with a variety of different currencies, including USDT, BUSD, and EUR.

To find a Bitcoin trading pair, click on the "Trade" tab in the top menu bar. Then, select the "BTC" tab. You will see a list of all of the Bitcoin trading pairs available on Binance.

Step 4: Place an order

Once you have found a Bitcoin trading pair, you can place an order to buy or sell Bitcoin. To place an order, click on the "Buy" or "Sell" button.

You will then need to enter the amount of Bitcoin that you want to buy or sell. You can also enter a price at which you want to buy or sell.

Step 5: Confirm your order

Once you have entered your order, you need to confirm it. To do this, click on the "Confirm" button.

Your order will then be placed on the exchange. Once your order is filled, you will receive the Bitcoin that you purchased or sold.

Step 6: Withdraw your Bitcoin

Once you have sold your Bitcoin, you can withdraw it from your account. To do this, click on the "Withdraw" tab in the top menu bar. Then, select "Crypto."

You will then need to enter the amount of Bitcoin that you want to withdraw and the address of the wallet that you want to withdraw it to.

Once you have filled out the form, click on the "Confirm" button.

Your Bitcoin will then be withdrawn from your account.

Conclusion

Buying and selling Bitcoin is a relatively simple process. By following the steps outlined in this tutorial, you can easily buy and sell Bitcoin on an exchange.