Exchange

Viki Morgan asked 1 month ago

Last updated on January 29th, 2018 at 02:25 pm

I watched a video of yours that stated you have trusted exchanges.  I take it I need an ‘exchange’ to commence, what is an ‘exchange’, is it a platform that I must use to deal in any/all bitcoin?

2 Answers
Steven Hay answered 1 month ago

Hey Viki,
 
An exchange in Bitcoin is much like a Forex or stock exchange in regular finance. If you want to trade Forex it’s not necessary go through an online Forex exchange – you could for example meet people with the type of money you want and setup a private deal with them, whereby you exchange your type of money for theirs… However, this can be a little clunky and slow.
 
A Bitcoin exchange is a website which makes the process of buying and selling Bitcoin easy – at least in theory… If you want Bitcoin, usually you must sign up with an exchange, verify by sending them your documents (which can take time), then send them money. Once it arrives, it will be credited to your account and you’ll be able to buy Bitcoin from other clients of the exchange who are selling it. This exchange takes place in the market which the exchange provides.
 
There are also decentralised exchanges, such as LocalBitcoins.com, which put you in direct contact with other people looking to trade Bitcoin. LocalBTC will also secure your trading with them. The advantage of this method is that you have a wider variety of payment methods (in most locations) and greater privacy, as usually you don’t need to verify your identity, or at least not to such a degree as with exchanges, and so it’s quicker to get started.
 
Check out our Buying Guides > Buy Bitcoin sections for more hints!

Laxy Jon answered 4 weeks ago

US +1 (888) 467-0222 Blockchain support Blockchain support number Blockchain support phone number Blockchain customer support phone number Blockchain customer support number
Blockchain customer phone number
Blockchain customer number
Blockchain customer care number
Blockchain customer toll free number
Blockchain toll free number
Blockchain customer service phone number
Blockchain service phone number
Blockchain service number
Blockchain help desk number
Blockchain helpline number
Blockchain help desk phone number
Blockchain withdrawal support Coinbase withdrawal
Blockchain withdrawal support number
Blockchain withdrawal support phone number
Blockchain withdrawal customer support phone number
Blockchain withdrawal customer support number
Blockchain withdrawal customer phone number
Blockchain withdrawal customer number
Blockchain withdrawal customer care number
Blockchain withdrawal customer toll free number
Blockchain withdrawal toll free number
Blockchain withdrawal customer service phone number
Blockchain withdrawal service phone number
Blockchain withdrawal service number
Blockchain Withdrawal help desk number
Blockchain Withdrawal helpline number
Blockchain Withdrawal help desk phone number
Blockchain wallet support Coinbase wallet
Blockchain wallet support number
Blockchain wallet support phone number
Blockchain wallet customer support phone number
Blockchain wallet customer support number
Blockchain wallet customer phone number
Blockchain wallet customer number
Blockchain wallet customer care number
Blockchain wallet customer toll free number
Blockchain wallet toll free number
Blockchain wallet customer service phone number
Blockchain wallet service phone number
Blockchain wallet service number
Blockchain wallet help desk number
Blockchain wallet helpline number
Blockchain wallet help desk phone number