Crypto Academy

How to buy on Bit4you

How to buy on Bit4you

5 min reading

Buying crypto on bit4you is as easy as A, B, C. Here are easy guidelines for you.

How to buy

How to buy on Bit4you

Over the years the crypto market has developed. They have introduced new coins with exciting advantages. The crypto sphere no longer requires that people should stay glued to their computers in order to follow up on the price fluctuations as well as when and when not to take a position. Platforms have emerged to help people easily trade or exchange cryptos. Some of which are Binance, Coinbase, Kraken. These help users buy or sell their crypto easily. In this article, we will talk about buying crypto on our platform.

What does it mean to buy?

Many people get excited to try out on the different cryptos because of the long-term advantages they stand to achieve. There are over 16.000 cryptocurrencies, as of the time of writing,  in existence and they will create many as time unfolds. Before anyone buys crypto it is because there have been some price changes that are favorable. It is expedient that every crypto user is up-to-date with crypto news in order to know how to invest. Buying crypto in its simplest terms is buying an asset either for instant consumption or for further investment. In a market, we have consumers and investors. Some buy goods simply to consume, while others buy goods to re-invest or re-sell. This is the same with buying on a crypto exchange platform. A user buys digital currency either to hold or to invest in another crypto project.

What does it mean to buy?

Many people get excited to try out on the different cryptos because of the long-term advantages they stand to achieve. There are over 16.000 cryptocurrencies, as of the time of writing, in existence and they will create many as time unfolds. Before anyone buys crypto it is because there have been some price changes that are favorable. It is expedient that every crypto user is up-to-date with crypto news in order to know how to invest. Buying crypto in its simplest terms is buying an asset either for instant consumption or for further investment. In a market, we have consumers and investors. Some buy goods simply to consume, while others buy goods to re-invest or re-sell. This is the same with buying on a crypto exchange platform. A user buys digital currency either to hold or to invest in another crypto project.

Steps to follow when buying on the Bit4you exchange platform

On the Bit4you platform, you find a landing page where you have the different cryptocurrencies available. Click on the cryptocurrency you will love to buy. When that is done, a page will open where you find the graph showing the price fluctuations per time, depending on the position you take. On the bottom right of the screen, there is an option to create a buy order. You will see in that dialogue box, the market price of the cryptocurrency you intend to buy. For example, one Algorand could be 100 Euros. Put the amount you will want to buy the cryptocurrency. It could either be in Euros or dollars. When the amount of fiat you have is registered, you will see the amount of crypto you will receive. If the transaction is favorable, you then click on ‘create buy order ’. A dialogue box will appear asking ‘Do you confirm the following order?’. This dialogue box will show you the ‘market’ that is the transactions you are working on, the position, the amount in Euros, the conversion rate, the amount in USDT, and the estimated quantity. Double-check the information and click on either ‘confirm’ to validate the purchase or ‘cancel’ to change the transaction in case of any challenges. When you click on ‘confirm’ a dialogue box will appear confirming that the transaction has been successful. Click on ‘OK’. You can then verify your wallet to see if the digital currency is in it.

In a nutshell, buying cryptocurrency will depend on the individual’s need per time. Using the Bit4you platform to fulfill this task is exciting because the platform is easy to use and user-friendly. There is always a demo mode that helps the trader to practice before getting into the real purchase. To create an account on Bit4you, you can use Facebook, Google, Itsme, or your phone number. We have as a priority to keep every account private. No third party can have access to any user’s account on Bit4you. The security measures are top-notch.

In case they face any difficulties, a customer support team is always available to help with any issues concerning the platform.

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