This is a paid submission. To find the best prices, sign up for the Smart Exchange or better still, use the referral link below: When the price of BTC rises above a certain level, bityx exchange traders and investors will often have interest in moving their money to a platform that is more stable, and has better price movement. Many find BityX to be just such a haven, given that it is one of the largest and most trusted cryptocurrency exchanges in the world, founded in 2014 and headquartered in Malta. Here we answer some of the most common questions about this exciting new world of cryptocurrency trading. What Is BityX? As mentioned above, BityX is a trusted cryptocurrency exchange based in Malta that was founded in 2014. It offers customers a wide range of products and services to make trading easier for everyone. The exchange itself is fully regulated by the Malta Financial Services Authority, which means customers can feel confident that their money is safe and will always be treated fairly. Furthermore, with headquarters in Malta, BityX is subject to fewer regulatory compliances and so can save customers a great deal of time and money. For more information, read our comprehensive review of BityX or download their full legal paper from Google Docs. How Do I Open A BityX Account? BityX is a completely digital exchange, which means all aspects of account opening can be done online. To get started, visit their homepage and click on the big blue ‘Get Started’ button. This will take you to their ‘Opening Account' page, where you will need to enter your personal details. Before you can officially open an account with BityX, they will ask you to verify your email address by sending you a verification link via email. Once you have verified the email, you can access all the account details and get to work trading on their platform. How Do I Trade On BityX? You can either use their web or mobile app to trade on BityX. The interfaces are extremely easy to use and are designed for both beginners and experienced traders alike. The web interface is extremely functional and offers a big range of cryptocurrency trading pairs including Bitcoin, Ethereum, Litecoin, and more than 60 altcoins. The mobile app is equally impressive, offering all the functionality of the website but with the added bonus of being able to place orders directly from your phone. These features make BityX one of the most popular cryptocurrency exchanges among mobile users. What Is The Payment Processing Time At BityX? For merchants that use SagePay or Stripe for payment processing, the wait time for Bitcoin payments is usually very short. At BityX, you won't have to wait more than a few minutes to pay with BTC. With fiat money orders and bank wires, the wait time can be longer due to the extra steps needed to ensure the money is transferred properly. For more information on payment processing times at BityX, visit their website. Do I Need To Set Up A Trade Plan Before I Begin Trading? No, you don't need to make any specific plans before you start trading on BityX. The platform is extremely flexible and allows you to make and change your orders at any time. So, you can just jump in and start making money. However, it's always a good idea to educate yourself on the ropes before you start putting in big orders and risking large amounts of money. This is especially important if you are a newer user who isn't used to making large trades or if you are a higher leverage user who is unaware of the risks involved. Even experienced traders can fall prey to emotions when placed in aggressive positions and so can lose their hard-earned money if they aren't careful. What Are The Risks Involved In Trading On BityX? As mentioned above, BityX is a very safe and regulated platform. This means there aren't any significant risks involved in trading on this exchange except for those related to taking a big loss. This being said, even experienced traders can lose their hard-earned money if they aren't careful. On the positive side, BityX offers customers the ability to mitigate these risks by using tools like stop-loss orders and credit cards, which provide protection against market moves that are beyond their control. As a first-time user or someone new to cryptocurrency, it can be difficult to understand the true risks of investing in these volatile markets. For more information on the risks faced by cryptocurrency traders, download their legal paper from Google Docs. What Is The Best Time To Trade On BityX? The best time to trade on BityX is between 4pm and 9pm EST, Monday-Friday. During these hours, the exchange's order books are at their peak and more traders are active, which makes for more competitive prices and so better deal availability. However, if you are a professional trader, you can set your preferred time zone to match the times your favorite cryptocurrency exchanges are open and ensure you get the best prices available. Which Countries Can I Use To Make Transferral From? BityX supports bank wires and so can be used to transfer funds internationally. For bank wires, the receiving bank will often have to wait a little while for the funds to be verified, so there is a slight delay. However, international money orders work very quickly and so you can often get your funds in a matter of hours. For more information on international wire transfer, visit their website. Where Can I Buy The Most Popular Payment Channels On BityX? If you are looking to purchase the most popular payment channels on BityX, you can use the platform's built-in tools to search for the best rates. Once you have found them, choose the channel that you prefer and make the purchase. SagePay is a popular choice among customers, with the ability to accept Bitcoin, Litecoin, and other cryptocurrencies. To find out more, visit this link. If you have a Stripe account, you can use the platform to purchase Bitcoin as well. Just follow the simple instructions on their website. In addition to these payment processors, BityX also offers several other options, such as PayPal and cashier's checks. For more information on the range of payment options available, visit their website. How Do I Sell My Coins On BityX? To sell your coins on BityX, you can either use their built-in tools or their API to connect to an additional wallet, such as MyEtherWallet.com or MetaMask.js. This will generate a sell order that can be placed directly into the order book, which will trigger the sale of your coins. Once your coins have been sold, you can verify the transaction in your wallet. What Are The Best Currencies To Trade On BityX? BTC is the most popular cryptocurrency on BityX, which makes it the perfect base for traders. Any other currency you choose to trade on the platform will be relative to BTC in value, so you can use almost any coin and assume it will have a similar effect on the market. For example, the value of 1 ETH will be equivalent to 0.013 BTC on BityX at the time of this writing (3/10/2019). What Is The Midpoint Calculations Policy At BityX? BityX has one of the simplest and most intuitive midpoint calculation policies. If you are a professional trader who needs to know the midpoints of the order books at all times, this exchange is for you. If you are not a professional trader but need to know the midpoint calculations for tracking purposes, this exchange is still for you. Simply set your preferred languages on the platform and start trading. If you prefer to remain anonymous when trading, you can use a pseudonym on BityX and so keep your real identity hidden from prying eyes. To ensure your account is as secure as possible, create a secure password that contains a mixture of numbers and letters and never use the same password for multiple accounts. For more information on security and anonymity, visit their website.
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