What is Bittrex floor? Currently, electronic currencies are becoming more and more popular in many countries around the world, including Vietnam. The point seems Bitcoin, Ethereum and the Altcoin Others are receiving the attention of investors in the financial sector. Now find a reputable exchange to buy or sell coins Tradecoin is a top priority issue. This paragraph Virtual money blog will share with you guys Bittrex.com trading platform, a floor used and evaluated by many people in the world as well as in Vietnam as reputable, safe and avoid risks in trading activities.
What is Bittrex?
Bittrex As an exchange built on the US legal system, it provides individuals and businesses with a world-class trading experience in the purchase and sale of cryptocurrencies. For Traders, Bittrex is considered the number 1 choice because of its legitimacy, fast, flexible, stable and really secure wallet.
Bittrex regularly perform audits on all newly launched currencies, to ensure that users have enough information needed to trade. Currently Bittrex is offering more than 200 cryptocurrencies that allow trading. If you are new to cryptocurrency trading then Blogtienao.com We recommend that you use this broker.
What are the trading fees on Bittrex?
Most exchanges are divided into two types of fees: Maker (creator of buy / sell order) and taker (people who buy / sell orders are based on an existing order created by Maker). If you are a Maker, you must wait until someone accepts your offer / sale to make the transaction. If you are Taker, you just need to choose one of the available ways to trade immediately.
On Bittrex, whether it's Taker or Maker, you pay the same fee 0,25%/ per transaction. In addition, this exchange also charges charging and withdrawing BTC from the floor at an approximate fee 0,001 BTC/ times.
Instruction to register an account on Bittrex trading platform
Step 1. First, you access this link https://bittrex.com/account/Register to register your account on Bittrex. You fill here full information Email, Password and click "I agree to the Bittrex”. Finally click on "Sign-up".
*Note: The password you enter must be at least 8 characters which include capital letters, lowercase letters and 1 number.
Step 2: System of Bittrex will send you an email to confirm your registration, enter your email inbox and click Link to Verifi as shown below.
Step 3. After successful Email confirmation, Bittrex will redirect you to the "login" interface, click "Login”Then fill in the Email and Password to login.
Step 4. Complete the basic verification step (Basic Verification). After logging in, select "Setting"On the right of the screen, then select the"Basic verification", Complete the form below to raise the withdrawal amount, withdrawn once $ 2.000.
Enter basic information on Bittrex
In the above sections Apartmaent , and Passport nember are two optional items you can ignore, Postal codes of Hanoi is 100000 and Ho Chi Minh City is 700000 and other provinces you search on google. Enter full then press "Submit" to complete. If you want to increase the amount withdrawn each time to 50.000 USD, you can continue to item Enhanced Verificatioin. See the article guide below:
Step 5: Confirm phone number: In addition, you can do one more step to confirm the phone number to be able to use more of the above features. Bittrex trading platform. Also in the "Setting" you choose "Phone Verificatioin”, Select the Vietnam flag and enter your phone number (Remember to enter the area code +84).
Then the Bittrex system will send you a 6-digit code via sms, enter the code and press "Verifi" to complete.
How to increase the withdrawal limit on Bittrex to 50.000 USD
Before upgrading the withdrawal limit on Bittrex floor up 50.000 USD You need to prepare the following 3 photos:
- Photo of ID card on the front
- Photo of ID card on the back
- Selfie holding ID card
Self-directed photo of ID card
After you have the image, then continue to follow the instructions below to upgrade your account:
- You go to the "Setting"On the menu and select"Enhanced Verification”To start uploading photos. Click on "Start verification".
Verify your personal information Bittrex. Photo 1
- Continue to click on "Identity card"
Verify your personal information Bittrex. Photo 2
- Click on "Upload existing image"
Verify your personal information Bittrex. Photo 3
- Continue to choose "Choose file”And select the 3 photos taken above (ID card on the front, back and photo with ID).
Verify your personal information Bittrex. Photo 4
After uploading these 3 images, if the information you provided initially matches the ID card, it takes about 1-3 hours Bittrex will confirm for you. So you have a delicious account limit 50.000 USD to use.
Register two-factor security on Bittrex
In use Bittrex floor To store Bitcoin or any other electronic currency, especially those who often trade and invest in large quantities, account security is very important, avoiding the risk of hacker attacks stolen. your money.
Bittrex exchange allows you to verify 2 elements by requiring both a password and a different form of authentication when logging in to increase account security. To do so, follow the steps below:
Step 1: You need to download and install the application Google Authenticator or OTP Auth into your Smartphone. If it is an iPhone, then go to the App Store and Android will use Google Play to search for the keywordAuthenticator”And download it to your phone.
Step 2: Access to Bittrex section “Setting"Then select"Two-Factor Authentication”, Turn on the newly uploaded application and press the camera onto the black square to scan the QRCode.
Step 3: Look at the phone screen, take the 2-layer code to fill in the "Authenticator Code" and press "Enable 2FA”Is done.
Instructions to create your Bitcoin wallet address on Bittrex
For new accounts, you need to create your own wallet address to send and receive coins. On Bittrex floor Each and every electronic currency you will have a separate wallet address. Bittrex exchange allows you to create wallets of many different virtual currencies such as Bitcoin wallets, Ethereum, Ripple, Monero, Zcash, Dashcoin, Ethereum Classic, Bytecoin, .. Here I will create a try Bitcoin wallet address Other coin wallets you do the same.
Step 1: Click on the "Wallet”On the menu of Bittrex to proceed to create a new Bitcoin wallet.
Step 2: Type the name "Bitcoin"Or"BTC"In the search box, I circled in red => Click on the"+"On the Bitcoin line.
At this time, the screen will display as shown below, then click on "New Address”To create BTC wallet new.
Step 3: Ok. Now Bitrex's system will automatically give you a new Bitcoin wallet address, exit the screen and revisit the "Wallet"And then click on the"+"Just now, your wallet address will appear in the"Address”As shown below.
note: Only when you top up or transfer coin from another wallet (Blockchain, coinbase, poloniex, bitfinex, etc.) to Bittrex wallet to create a new wallet address, for example below when Bitcoin deposit in will need Create Bitcoin wallet And when you buy and sell other coins (referred to as Altcoins), you can buy and sell normally without having to create a new wallet.
Guide to depositing money in Bittrex wallet to invest in altcoins
First I want you to know that you cannot deposit normal currencies like USD or VND Bittrex You can only load coins. And for Bittrex floor want to buy any Altcoin You can only buy with Bitcoin (BTC) or Ethereum (ETH) but over 90% is BTC because ETH can only buy a few coins. So I will guide you to load BTC into Bittrex wallet so that BTC can invest in Altcoins.
looking for more information What is altcoin?
So where do you get Bitcoin to load into Bittrex ??? Of course I have to buy it. So where to buy Bicoin ??? You can buy BTC on other exchanges in Vietnam or the world if you know. Here I will guide to buy BTC on Remitano floor (A market buy and sell Bitcoin the largest in Vietnam) or if you already have BTC at a certain wallet address (Example: Blockchain wallet, Coinbase wallet or BTC-E), just switch to Bittrex wallet, and anyone who doesn't have, follow the instructions below.
How to buy Bitcoin on Remitano
Step 1: First you need to create an account on Remitano floor You can see the detailed instructions in this lesson It's quite simple and quick after a few steps that you will register successfully. After having an account and then on the homepage of Remitano you scroll down to the "List of sellers”. You should choose the first one on this list because the cheapest seller of Bitcoin will be ranked first. To buy Bitcoin from someone you click on "Buy".
Step 2: Next you enter the amount of Bitcoin you want to buy and Bittrex wallet address created in step 3 above, then press "Buy BTC".
Step 3: Payment for people sell Bitcoin, you will have 15 minutes to transfer money to the seller according to the information Remitano given. After payment is complete, click the "I have already paid".
Then you need to wait for the seller to confirm your payment, after the seller confirms the Bitcoin amount will be transferred Bittrex wallet after your few minutes. After the BTC is deposited in your wallet, you enter Bittrex "Wallet"Will see the"Pending Deposit”Shows the number of BTC you have just entered.
Wait for bittrex to confirm the transaction
However, you have not used this Bitcoin immediately and have to wait about 30 minutes (When the Confirmation column shows 2/2), then Bitcoin will enter "Account Balances”Is officially yours, then you can use that to buy Altcoin other.
Guide to using Bitcoin to buy Altcoin on Bittrex
Before entering the tutorial, please note Invest in Altcoin Which is your own research or learn how to trade coin from which coin to feel potential and then invest, this article absolutely does not give you advice on which altcoin to invest at this time, because that is analysis of each individual investor.
Here I take for example Bitrex, in case Bittrex doesn't have the type of coin you want to buy, try searching on other exchanges, for example Poloniex. I will do the tutorial with Ethereum (ETH).
Step 1: On the Bittrex homepage, navigate to the "Market”With the Bitcoin symbol, in the search field, enter the currency type Altcoin You want to buy (For example, Ethereum is denoted by ETH, similar to other coins you can see at the table Virtual currency rates Hey!).
Step 2: After clicking on the type of altcoin you want to buy, you scroll down there will be "TRADING”, This is where you place your purchase order (You can scroll down further to purchase immediately in the section ASKS, because there are many sellers, however self BID In the Trading section, you will get a better price.)
- Units: Enter the number of altcoins you want to buy, choose MAX if you want to buy all with the existing BTC
- Bid: I usually choose Bids to buy fast. Selecting Bids means you will bid the same price as the bidder to buy the last bit of bitcoin on Bittrex. I usually move this price up a little. For example, if you choose Bids and the price is 0.07372808, then I will inch up 0.07372809 => To request buy altcoin Its will be the most expensive at the moment.
- Total: Bittrex calculates the number of BTC you have to pay, you align the Units appropriately.
After OK, click "Buy Ethereum"To purchase, you'll see your purchase request displayed in the" ORDER BOOK "column below.
If Bid is in the form "Last”As above, you will quickly buy Altcoin, sometimes immediately. If you wait for a few minutes and you cannot buy, it means that there will be some bid more than you, so your purchase request in the ORDER BOOK section is pushed down.
Now 1 is waiting for you, and if you want to buy faster or it does not go up, you can go to the Order to fix your bid higher than the first one.
Ok, got it There are only 2 simple steps that you can buy Ethereum on Bittrex floor That's it, so when you want to sell these Altcoin How to do it on Bittrex? Continue to see the section below.
Guide to selling Altcoin on Bittrex
At some point, if you have made a profit with your stored altcoins and are satisfied with that profit, you can sell it into bitcoin and continue to sell bitcoin on Remitano for VND.
Step 1: Sell altcoin Similar to when buying, you move to the Markets item with the symbol BTC => Type the name of the altcoin you want to sell in the trading area. Here I am with altcoin RDD (Reddcoin), which is an altcoin I have stored for a long time. (Other altcoins are similar, just type the symbol ok).
Step 2: After clicking on the type of altcoin you want to sell, scroll down to the section “TRADING”To enter your Altcoin listing information.
- Unit: Select the number of altcoins you want to sell, click MAX if you want to sell out
- Ask: Select Price to bid at the same price as the last posted seller of the altcoin, which can be reduced a bit to make it easier to sell.
Ok, then you select the "Sell Reddcoin"Blue as shown in the image above, your sell order will appear in the"ASKS”, When a buyer is available, Bittrex will notify you. If your listing is pushed down (Because there are more sellers cheaper than you), you can delete the current order and create a new one at a cheaper price to sell faster.
In addition, there is a way for you to sell your coins faster by selecting the people who are buying in the column "BIDS”(Similar to when you post an Altcoin), you can click to sell them quickly if the price is right.
After clicking, you will see and confirm the sale request, then click Confirm, immediately your altcoin will be sold and your Bittrex account will have a Bitcoin balance.
After the sale Altcoin Your Bitcoin now, you need to transfer Bitcoin on that Bittrex to Remitano to sell and exchange in VND.
Withdraw Bitcoin (BTC) from Bittrex to Remitano to convert to VND
Withdraw BTC from Bittrex to Remitano
When you have finished selling altcoins into BTC, if you do not want to store Bitcoin anymore (I recommend that you store it because BTC will increase in the future), you can withdraw Bitcoin to Remitano to sell it to VND and transfer it directly. to Vietcombank account. To do this follow these steps:
Step 1: First you will get your BTC wallet address in Remitano: Sign in Remitano => Go to the entry Bitcoin wallet => Select "Loaded"Deposit address will be displayed, this is your Remitano's BTC wallet address, you just need to save this address for a while."
Create a new Bitcoin address on Remitano
Step 2: Now that you have your BTC balance in Bittrex, please login to Bittrex => select “Wallets"On the menu => Find the line"Bitcoin - BTC" and press "minus"In front of BTC to withdraw money.
When there will be a window pops up, you enter 2 information:
- Address: Enter the Remitano BTC wallet address taken above
- Quantity: Enter the amount of BTC to withdraw
When withdrawing, you will lose a small fee, but it is not worth it. When you're done, press "Withdrawal".
About 15 minutes, the BTC will return to Remitano, you can see the status (Status) of the withdrawal transaction in the Withdrawal History section of Bittrex.
Sell BTC to VND on Remitano
Now you can sell BTC to get VND, I do not encourage this because BTC in the next few years will continue to rise. However you do for example altcoin investment There are 2 fold, 3 fold then you can take interest for peace of mind.
Once BTC has returned to Remitano wallet, you will see the available balance in the BTC Wallet section.
Now you go to the Remitano homepage, there are many people posting to buy BTC. The top position always buys the most expensive price, press "Sell".
Next, enter the amount of BTC to sell and press the "Sell BTC".
You will fill in the payment information, always use Remitano on Vietcombank, then click CONTINUE.
That's it, the VND will be transferred to your VND Wallet on Remitano, you can choose to withdraw VND to withdraw money to your VCB account (7.700 fee per withdrawal).
Withdraw VND on Remitano wallet to Vietcombank
When you click Withdraw VND as above (Or click on Wallet section to withdraw), you will be asked to select Vietcombank account to withdraw, if you have not added VCB account then add:
Enter the amount of VND you want to withdraw and then click Confirm:
Remitano will display an overview of your withdrawal request again, review and confirm that the information is correct and then click Confirm.
Ok, got it That's it, you will receive this money in mind 10-15 minutes.
Above is the article "Instruction to register, create a wallet, buy and sell Altcoin on Bittrex trading floor"A - Z details, after reading this article, you will learn how to register an account on the Bittrex exchange, how to create Bitcoin wallets and all other altcoins, how to buy Bitcoin on Remitano to load into Bittrex. From there, use this BTC to buy and sell Altcoin and finally transfer BTC to Remitano to sell for VND.
Virtual money blog Please note that you should not hold all kinds of altcoins but should invest 1 - 2 coins because your judgment is not necessarily correct and when you have decided to buy any coins, you should keep the opinion that you should not buy. It will cost a transaction fee of Bittrex 3% and should research and analyze carefully before choosing the Altcoin type, do not invest in feeling or bad luck.
Further in the future then the types Altcoin will be the investment trend to bring better efficiency when the price Bitcoin If you do not have large capital, you cannot invest in Bitcoin, Altcoin will be a great solution for you if you love and are interested in the cryptocurrency industry. If you have any questions please leave below the comment section we will support you. Good luck.