How much do you know about Bitcoin transaction process ？A detailed explanation that novices cannot miss

Buy Bitcoin by buying stocks ：First of all, you need to register an account on the relevant Bitcoin exchange （Ou Yi OKX、Fire coins ，Binance, etc. ），Account registration requires email

For novice novice ，Understanding Bitcoin’s transaction process is the first step to entering this exciting world 。Don't worry ，Next, we will unveil the mystery of Bitcoin transactions step by step ，Take you through every detail from creating a wallet to completing a transaction ，Make sure you're before you start your own Bitcoin journey ，Able to have a solid foundation and clear direction 。How much do you know about the Bitcoin transaction process ？A detailed explanation that novices cannot miss 。

one 、Bitcoin simulation transaction process

If you have any experience in buying and selling stocks ，Then it is easier to operate Bitcoin trading 。For the newcomer to understand better ，Let’s talk about the trading of Bitcoin using selling and buying stocks as an example 。If you want to buy stocks ，The first thing to do is to open an account at the certificate company ，Then bind the bank card to buy and sell 。Nowadays, many young people choose to open an account online ，Then directly purchase the stocks you value through the Internet 。This approach is closer to Bitcoin trading 。Buy Bitcoin by buying stocks ：First of all, you need to register an account on the relevant Bitcoin exchange （Ou Yi OKX、Fire coins ，Binance, etc. ），Account registration requires email 。After registering the account ，Enter the exchange to fill in relevant information and bind the bank card ，after Transfer funds to the exchange through online banking transfer 。Finally, you can buy Bitcoin 。Some things to note here ：Some exchanges do not accept Alipay ，Transfer methods such as WeChat 。Usually, it is transferred through online banking 。After the above operation ，You can get the first bitcoin in your life 。In addition, we can choose other ways to buy Bitcoin 。 If you had all funds before trading ，Then just exchange Bitcoin directly 。If you don't have funds on the exchange ，You need to buy Bitcoin off-site 。OTC trading ，It can be understood as a transaction model like Taobao is not an exaggeration 。The seller is in the corresponding OTCExchanges to bring their own goods （Bitcoin ）After placing an order ，Buyers who are interested in this product will contact you 。The buyer then transfers the amount required to purchase the goods to the seller through WeChat or Alipay ，After receiving the money, the seller will transfer the corresponding Bitcoin to the buyer. 。The platform plays a confirmation role in the entire transaction 。To some extent ，You can understand it as the role of platforms such as Taobao or JD.com 。After you receive Bitcoin ，You can use the Bitcoin address to OTCThe Bitcoin on the exchange has been transferred to the exchange account you registered before. 。Currently commonly used transactions Ouyi OKX、Binance, etc. 。You can also exchange your Bitcoins for other coins in these exchanges ，for example ETH, EOS, BCH,OMGwait 。

two 、Bitcoin trading method

Bitcoin transactions are mainly divided into four types ：Fiat currency trading 、Coin trading 、Leveraged trading and contract trading 。

1.Fiat currency trading

Exchange fiat currency for digital currency ，That is, the deposit channel ，That is, use RMB to buy common digital currencies 。

2.Coin trading

For transactions between digital currencies and digital currencies ，Use one of the coins as the valuation unit to purchase other coins 。The rules for currency trading are also based on price 、Complete the matching transaction in a time-first order ，Directly realize exchange between digital assets 。

3.Leveraged Trading

It is to invest several times the original amount with a small amount of funds ，At the same time, the fluctuations in returns and losses also increase exponentially. ，Generally not recommended 。

4.Contract transactions

Refers to both parties to the transaction ，Passing a sale contract on the exchange ，and at a certain time in the future according to the agreement ，The act of buying and selling specified quantities of goods at a specific price 。

three 、Bitcoin Exchange Introduction

In the above method ，We talked about Bitcoin Exchange ，There are many large and small transactions on the market ，Bitcoin Exchange is a digital market ，Traders can buy and sell Bitcoins in it using different fiat currencies or altcoins 。It is an online platform ，Act as an intermediary between buyers and sellers of cryptocurrencies 。Here I have summarized several commonly used transactions for reference 。

1、Ou Yi OKX

Ou Yi OKXIt is one of the world's famous digital asset trading platforms ，Provide spot and derivative trading services for digital assets mainly to users around the world ，Support Bitcoin 、Mainstream digital currencies such as Ether 。The platform advocates the concept of digital asset value investment 。Starting from protecting investors' rights ，Strictly review valuable currencies for online transactions ，And cooperate with asset issuers ，Issuing more growth-worthy digital asset investment targets 。 Affiliated OKEX Technology Company Limited，Founded in 2017Year 。 OKEXWhen founded ，Winner of the world's top investor Tim DraperParticipated in the establishment of an entrepreneurial factory with a million-dollar angel investment ，Tim DraperMr. Hotmail、Baidu 、Investors from world-class companies such as Tesla 。

2、Binance.com Binance 

Binance (Binance)，Internationally leading blockchain digital asset trading platform ，Provide a wide range of digital currency transactions to the world 、Blockchain Education 、Blockchain project incubation 、Blockchain asset issuance platform 、Blockchain Research Institute and Blockchain Charity and other services ，Currently users cover the world 180Many countries and regions ，by 140Ten thousand orders /Core memory matching technology in seconds ，It is one of the fastest cryptocurrency trading platforms in the world ，It is also one of the largest cryptocurrency trading platforms in the world 。

3、Bitfinex

BitfinexIt is the largest in the world 、One of the most advanced Bitcoin international exchanges ，Support Ethereum 、Bitcoin 、Litecoin 、Transactions of virtual currencies such as Ethereum Classic ，Daily trading volume 30More than 100 million yuan 。Provide currency transactions ，USD and Coin Trading 。Registration is very easy 。BitfinexSupport US dollar trading 、Various transaction forms and functions 。

Four 、Summarize

Through the above detailed explanation of the Bitcoin transaction process ，You should now have a clear understanding of how to start your Bitcoin transaction 。From getting your first Bitcoin wallet address to buying and selling on the exchange ，Then to manage your private key ，Every step is an important part of your journey to become a Bitcoin trader 。Please remember ，Although Bitcoin offers many opportunities to make money ，But it also comes with certain risks ，Especially in this rapidly growing and changing market 。Always advise newbies to start with small amounts ，Gather experience slowly ，And always be cautious 。Continuous learning and patience are the key to your success 。May you not only gain wealth growth in the world of Bitcoin ，You can also enjoy exploring digital currency 。