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What is the meaning of coin trading (detailed explanation of how to play coin trading)

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What is the meaning of coin trading (detailed explanation of how to play coin trading)

What does coin trading mean? What does coin circle trading mean Coin trading refers to the use of digital currency to achieve cross-border asset transactions, using encryption or blockchain technology for decentralized financial operations. In traditional banking systems, users can only exchange (buy and sell) funds with each other through peer-to-peer methods; But in blockchain, it is necessary to complete this series of processes through smart contracts and third-party intermediaries to achieve the goal of reducing risk Currency trading can be understood as a method of trading called “fiat currency trading”, with the aim of allowing oneself to freely trade assets at different time periods. Simply put, it means putting virtual currencies such as Bitcoin in wallets for trading, while using Bitcoin to pay certain fees without the support of any exchanges, making it easier for people to transfer their assets to other places From an investment perspective, Bitcoin is a very attractive form of value storage. It is also the most popular token based product at present, and its application scenarios are relatively wide, including some popular projects, such as Litecoin, Bishengbao, etc

How to Play Coin Trading

The coin circle has been a focus of attention for some time, but in fact, many people do not understand what “coin trading” is.

? Let’s talk about it in detail below

First of all, we should understand the “currency transaction”. Currency transaction refers to the process of converting or trading digital currencies using the volatility of crypto assets (such as Bitcoin, Ethereum, etc.); Simply put, it means providing a service related to oneself to others through an exchange or decentralized platform, such as the conversion operation between fiat currency and encrypted assets; Then, various digital currencies can be used for exchange or payment

This method can be divided into two types: first, as an intermediate link, the exchange serves to establish a direct price transmission network for different types of tokens, which can be freely circulated on different blockchains to achieve the purpose of value exchange. On the other hand, in order to avoid the risk caused by price instability, the exchange also needs to formulate corresponding rules so that users can choose their own trading tools for investment For ordinary players, the most familiar thing is “spot+leverage”. When you start trying to long a certain token, your funds often experience losses due to changes in price, and even lead to losses. Therefore, during this process, many partners will experience anxiety:

1 “How to ensure the safety of the principal? What if all the profits are put in the wallet If you can achieve this: “I just want to increase my benchmark return a bit, don’t lose.” If you want to participate in the platform’s mining now, you must master the following three skills: 1. Trading threshold setting -1. Waiting for about 10 minutes to complete withdrawal after buying, 2. Long order listing time can be more than 30 seconds; 3. Entry and exit channels – available after 2 hours In traditional financial markets, the “Exchange Day” is settled on a monthly basis and usually takes effect one month later, as shown in the figure below. A 5% annual handling fee is charged. Generally speaking, there is a fixed deadline every week and a new position must be opened before the end of each quarter. Opening positions by month “is a relatively simple strategy that can save users’ costs. At the same time, it can also reduce the trading costs of holders There are also some concepts similar to “perpetual contracts”. Currently, there are many forms in the market, but due to the wide scope involved, this article will not delve into them. Here, we introduce a very suitable method for individual investors, which is to purchase Bitcoin through over-the-counter OTC and obtain profits through grid trading.

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