What type of challenge do you face when you want to buy or sell bitcoin?

Shenzou

sr. member

Activity: 1400

Merit: 283

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

Some of the challenges that i usually face whenever i want to buy and sell bitcoin, is finding a good price and finding a good buyer or seller, i usually use p2p sites in order to buy and sell and for that i have to be careful and check the person that i am trading with, and usually for that i try to pick offers that are hand to hand cash, but since on local bitcoin this kind of transaction is going to be removed, it is going to be a massive problem for me .

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

I don't really have much problem dealing with buying and selling bitcoin with my local exchange. But the actual variance as compared to the international market is really a bit off for me sometimes. Because it is already converted to my fiat currency, sometimes they are taking advantage of the situation. The gap of buy and sell price are wide most of the time.

jademaxsuy

full member

Activity: 924

Merit: 221

Yeah for some it would be challenging to buy especially bulk orders but if one does really experience in trading cryptocurrency then it could be done actually by visiting exchanges that has reputable image like binance or directly to localbitcoins where many users has said that one can buy bulk orders in bitcoin in this exchange. And if one only wishes to buy few bitcoins then it is easier for there are many sel orders of bitcoin in exchanges. Just know the right market price set for bitcoin when you buy bitcoin.

fiulpro

hero member

Activity: 1890

Merit: 831

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

1. While buying and selling , the worst part is paying sometimes tripple fee , in case you are giving it to an individual then it's pretty fine , but sending them in any exchange sometimes takes a lot.

2. The process is actually simple, the hard thing is the waiting time , which can be reduced by paying more fee.

3. I think that would be hard and you can easily find it online .

4. I like local Bitcoins since it gives you a number of options , you can even add it in your bank account or get paid in cash.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

Of course price fluctuations in the market, it is the only challenge that will be faced by every trader, prices that go up and down are sometimes unpredictable making the risk even greater, and it requires you to be smart in analyzing and researching, if you are not smart then chances for the loss will be even greater

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

There is no challenge to buy bitcoin because it is so simple, you can buy at the lower price and sell at the high price repeat it as more as you can. Find some article to know it, you have to more active on trading discussion board. Learn more about fundamental analyst and technical analyst, if you have understood it you will not have a hesitation to decide when you have to buy and when you have to sell.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

4. Which app or site do you like and why?

Cheers,
Lukasz

Binance is one of the best trading platform cryptocurrencies, but I only a give suggestion as a newbie you will comfortable to use PC than smartphone.

ubay

full member

Activity: 728

Merit: 101

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto? > Buying at the best moment is when people hate bitcoin, and selling is easy.

2. How the buy and sell process looks like? it is easy or not? > very easy

3. Can you share with me how your process look like? > cmon, do your own research

4. Which app or site do you like and why? > blockchain.com is the easiest things to do

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

Well, with regulated exchanges like Coinbase, you will have to jump through the KYC/AML requirements So if you are not willing to give out that information, then restrictions on how much you can buy and sell and withdraw, would come into affect.

The process is simple ; Find a reputable exchange - register an account - Verify your details - Deposit fiat into your account - start trading. Tongue

It is really that easy. Grin

JeramiParan

jr. member

Activity: 110

Merit: 1

It is all about decesion making, you can buy and sell bitcoin or altcoin easily, but you must be take extra careful when doing trading., gaining profit is the goal, simply go with the flow.

Babyrica0226

sr. member

Activity: 854

Merit: 252

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

Based on my experienced in trading Bitcoin the biggest challenge which I had faced was when the bear market attack in the market, were most of the coins are totally dumped their price value. And by that time it was a hard thing for me to determine when it will goes down or up in terms of its price. So what I did if ever the majority of the traders are selling it or buying I will do the same thing, just simple as that.

EdenHazard

legendary

Activity: 2674

Merit: 1048

The challenge factor when I buy bitcoin is I can't decide the best time to buy especially I'll use it as trading place. The movement price is so complicated, up and down are so drastic until I confuse to set what price should I put. The next challeng is to sell my bitcoin to get a profit, I can't be spared with the greedy thing, I'll feel lament when I set price to sell but its price goes up and past the price I set. However, if you intend to hold bitcoin for long term investmeng you can do it at anytime. You won't ever buy if you wait the price down more than you expected.

Apes

sr. member

Activity: 1316

Merit: 257

it seems like now there are no significant challenges. for me a significant challenge was when I first entering cryptocurrency world, the first time I had trouble was having a wallet at my local exchange that had to do KYC procedures, and had to learn a lot about cryptocurrency from Google. and it looks like at this time the systems and procedures had improvement make easier for beginner.
the key to solving your challenge is learning from google or closest person to you.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

there are more challenges that i have to face when i try to sell bitcoins, first being able to sell at the best price on the market before the price drops, second try to sell quickly to a trusted exchange that makes bank transfers sepa without asking for documents verification (kyc) , i do not like sales between private individuals i prefer the exchanges but the discrete ones that do not ask too many questions...

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

liquidity is the biggest challenge, particularly for smaller altcoins. getting in and out without slippage isn't easy. that's why i mostly stick to bitcoin and larger alts like ETH. even so, i try to scale in and out of positions to avoid slippage.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Which app or site do you like and why?

i do day-to-day hedging on binance and coinbase pro. i withdraw fiat to my bank account through coinbase pro. i occasionally do high leverage margin trading on bitmex---not recommended for beginners. Wink

rodel caling

full member

Activity: 952

Merit: 104

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

1. To avoid loses focus and check the market situation.
2. Harder and different to buy and sell coins depend on the market sign situation when we need to buy and sell coins.
3. Use my own monitoring target coin I want to buy for I decide.
4. Use trusted app exchange with highly secured to avoid trouble and hassle.

iamzill

sr. member

Activity: 677

Merit: 250

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

I think the challenge is low prices and that is probably what anyone often experiences.
for now selling or buying bitcoin is not difficult. binance is my best exchange in doing so because the largest trading volume is now in binance

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

Frankly, I have never bought any Bitcoin or other cryptocurrencies whatsoever. All the crypto that I have are all earned through the net. So I don't have actually have an answer on the buying part. However, for the buying part, I do sell my Bitcoin into fiat. For the past few years, I haven't had any problem with selling them. I mean, at least not a major one. I think the most thing that usually bugs me is the fact that it is quite hard to find out the right price to sell because of how Bitcoin is always fluctuating.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

2. How the buy and sell process looks like? it is easy or not?

I usually sell my Bitcoin on an instant sell service on a certain website. It is actually really easy.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

3. Can you share with me how your process look like?

All you have to do is just to make an account, deposit the coins, and sell the coins.

I don't feel like to answer the 4th question here. If you (op) really want to know, feel free to PM me.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

I find no challenge anymore when I'd like to buy/sell bitcoin and even with altcoins. Websites that are into the business are reachable and easy to transact so if there's a challenging thing for me now that would the confirmation time though this happens when I pay cheap fee and I know the solution and that's to pay a recommended fee.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

2. How the buy and sell process looks like? it is easy or not?

Peer to peer, transfer to exchange, automated also on exchanges. It's easy. Wink

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

3. Can you share with me how your process look like?

The process is simple, you send your bitcoin on exchange and trade it with your desired crypto/altcoin (stable or not) then you can choose to cash out with fiat.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

4. Which app or site do you like and why?

Binance for the meanwhile.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: serjent05 on July 05, 2019, 03:42:44 PM

Buying and selling Bitcoin in my country is quite easy. The only thing is the high deficit in conversion. There is 5% to 7% discrepancy between buying and selling BTC. There is no problem in buying but once we convert it to fiat, it automatically deduct this percentage.

Quote

3. Can you share with me how your process look like?

As of the process, it is simple, if we want to buy BTC we will just make an order from the site then an order receipt will be given to us where we will present it to the outlet where we can pay such as banks, convenience store and remittances. Same goes when we sell it, we can encash it through banks and remittance.

Quote

4. Which app or site do you like and why?

I have been using coins.ph and rebit.ph, since they have been around for sometime and their interface is user friendly.

actually that is the major problem when you want to buy or sell btc in your local exchanges. one thing i do is compare the variance of the 2 exchanges that i usually use to do these transactions and select for the better deal. consider their tx fee as well. but all in all, it is pretty easy peasy in dealing bitcoin on my end

pixie85

hero member

Activity: 2184

Merit: 531

The process is very simple and easy. You make an account on one of the exchanges like binance or coinbase. You get an address and send your bitcoins to this address. First send just a small amount to check if everything is fine and your balance on site changes. You look for a sell button and that's it. Next you can withdraw fiat to your account.

There are no challenges. The only important thing is to keep your password safe and double check the address to which you are sending coins and the fee.

Topic: What type of challenge do you face when you want to buy or sell bitcoin? (Read 362 times)