Home News Trade Bitcoin in 2022: How Many Ways Are There?

Trade Bitcoin in 2022: How Many Ways Are There?

2022-03-02 11:09:56
How to Buy and Sell Bitcoin
Bitcoin surged 10.54% to $41,663.21 on Feb 28th, adding $3,975.82 to its previous close, which shows an upward trend after a constant slump in the past few days. As the world's top cryptocurrency, Bitcoin has been a fantastic and attractive investment for most investors due to the exceptional growth since its birth. According to data, since 2017, the price of bitcoin has surged more than 4,500% and achieved a market cap of $676 billion. If you are ready to take the plunge into the world of Bitcoin in 2022, then you’d better do some research on how to buy and sell bitcoin.

Buy and Sell Bitcoin Through Ordinary Exchanges
In general, exchanges are the simplest way to buy and sell BTC where you can have real-time trading and get up-to-date information as well as bitcoin price live when you trade. However, exchanges aren’t the best choice for all investors, which will charge fees in order to keep the service running. Besides, you will be limited to only certain payment methods and monitored by centralized organizations of some kind during trading.

Buy and Sell Bitcoin Through Online P2P Trading
As a simpler and faster trading way, peer-to-peer (P2P) trading allows you to set your own price, and helps find a buyer willing to pay it. Through P2P trading, both parties can negotiate how to pay. You can choose direct trading on the site, but normally, you will use a separate bank transfer. You will have less limit to buy and sell BTC through P2P trading than exchange. As long as both parties agree, it will be free for both of you totrade other forms of cryptocurrency besides buying and selling Bitcoin. For instance, you can make wire transfers, send gift cards for popular online stores, and trade cash in the real world or even send expensive art work. Also, there are more payments available for you to choose.

However, you will experience some problems through P2P trading. For example, your buyer doesn’t pay for your BTC and your information is exposed to others in the market.

However, there are some exchanges which can also do P2P trading, such as Gate.io, the first exchange to invest millions in security and law funds to add extra protection for your assets where you can buy and sell bitcoin instantly and safely with 20+ fiat currencies using bank transfers or your credit/debit card.

Buy and Sell Bitcoin in Person
There are very few people who would like to buy and sell BTC in person. Trading BTC in person is to give the person some cash who gives you access to a wallet of coins or send you the bitcoin online. However, you cannot get an escrow in real life — or rather, it would be totally impossible to hide it from anyone else if you trade BTC in person. There is more risk in trading bitcoin in person than any online exchanges, and you should be careful if you choose to do so.

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