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Bitcoin for Beginners (2023): How to Buy And Sell Bitcoin?

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2023-09-01
Bitcoin for Beginners (2023): How to Buy And Sell Bitcoin?

Bitget and the cryptocurrency market are currently experiencing rapid growth, as an increasing number of individuals are incorporating Bitcoin into their investment portfolios. However, buying Bitcoin remains challenging for the average investor due to the higher barriers to entry.Bitget offers convenient Bitcoin trading services for beginners. In this article, we will explain in detail how to buy and sell Bitcoin for beginners.

Investment value of Bitcoin

As the crypto asset with the highest ROI in the world, Bitcoin's current price is over US$26,000, more than 530,000 times its all-time low of US$0.04865. With an increasing number of investment institutions coming on board, and the growing adoption of Bitcoin in the traditional investment world, Bitcoin remains the top choice for investors who are just entering the crypto world.

How to buy and sell Bitcoin on Bitget?

There are four simple steps to start buying Bitcoin on Bitget: Sign up for a Bitget account, complete identity verification, deposit funds into your account, and buy Bitcoin via Bitget's spot trading feature.

How to sign up on Bitget

  1. Go to Bitget's official website (https://www.bitget.com/).

  2. Use the Sign up button. You can sign up with your email address or mobile number. Fill in the information required and set a password.

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  1. Read and agree to Bitget's User Agreement and Privacy Policy.

  2. Next, use the Create Account button to complete the process.

How to complete identity verification: To ensure a seamless experience with Bitget's products and services, it's essential to complete identity verification before buying Bitcoin on Bitget.

  1. Log in to your Bitget account.

  2. Select Identity verification in the profile section, then hit the Verify button and submit the information as required.

  3. Refer to this tutorial: Your quick guide to KYC on Bitget

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How to deposit funds into your account: After completing identity verification, you'll need to deposit funds. Bitget provides options for P2P trading and on-chain transfer.

  1. P2P trading: Buy crypto assets directly from another user on the P2P market. Go to the P2P trading page, where you can choose an advertisement featuring your preferred price. Select Buy to proceed with the payment, and once the seller confirms receipt of the payment, the purchased crypto assets will be transferred to your account.

Refer to this tutorial: Buy crypto on Bitget with credit card, Apple Pay, and Google Pay

  1. On-chain transfer: Use the Wallet icon or go to the Assets page, and select the cryptocurrency you want to deposit, such as Bitcoin (BTC). Find your Bitget deposit address and then send funds from your cryptocurrency wallet to that address.

Refer to this tutorial: Bitget website crypto deposit tutorial

Buying Bitcoin: Once the deposit arrives in your account, you can go Bitget spot trading to buy Bitcoin directly. Here are the steps:

Beginner's guide: Steps for trading Bitcoin on Bitget

Step 1: Log in to your account, go to Trade on the navigation bar, select Spot, and then BTC/USDT to enter the BTC trading page and view the real-time price of BTC.

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Step 2: Transfer funds to your spot account. Use the Transfer button, set to transfer from your P2P account to your Spot account, select the coin to transfer, enter the transfer amount, and hit the Confirm button.

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Step 3: Once the funds have been transferred to the spot account, you can start buying and trading Bitcoin on Bitget. On the trading page, you can see the options Limit and Market. Limit orders allow you to set a preferred trade price, while market orders will be executed immediately at the current price in the market.

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Step 4: Enter the price and amount of Bitcoin you wish to buy or sell, and use Buy BTC or Sell BTC to place your order.

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After the order is placed, it will enter the order book for matching. You can view pending orders in the Open orders tab, where you can also cancel any pending orders. All your historical orders can be found in Order history.

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Step 5: Go to Assets and select Spot account to view your assets.

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Refer to this tutorial to learn more about spot trading: The uncensored guide to Bitget spot trading

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WARNING: The crypto market is volatile and trading cryptocurrencies such as Bitcoin are subject to high risks. Before you start trading, it is recommended that you fully understand the Bitcoin market and its trading strategies, and only invest the amount that you can afford to lose.

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