Easy Way of Trading Crypto / bitcoin in Yobit For Beginners

ATTENTION: Bitcoin trade is a high risk activity. Bitcoin prices fluctuate, where prices can change significantly over time. Please use extra consideration in making a decision to buy or sell Bitcoin. Bitcoin.co.id does not force users to buy or sell Bitcoin, as an investment, or profit-seeking action. All Bitcoin trading decisions are an independent decision by the user. (bitcoin.co.id)

This time the admin will share how to trade bitcoins and other digital currencies in Yobit. Yobit is one of the market for buying cryptocurrency that has many members from all over the world, this is because yobit has hundreds of digital currency that can be traded.

Yobit is a trading site that comes from Russia and has stood since 2015 ago, it can be said yobit is not a new name in the world of digital currency trading. Yobit currently has 2 active domain names, ie yobit net and yobit io, but just calm down, they're both alike.
Maybe for those of us who are accustomed to bitcoin.co.id to make buying and selling digital currency, will be slightly annoyed with yobit look very crowded with features and numbers that can sometimes make headache.

It can be said yobit display is not as neat as bitcoin.co.id and not responsive in mobile, so admin suggest to use PC / Laptop only if want to trading in Yobit.

Currency used as 'parent' in yobit there are 6, namely Ethereum (ETH), Bitcoin (BTC), Dogecoin (DOGE), Waves, US Dollar (USD) and Russian Ruble (RUR), if the admin itself in yobit more often play in Dollar (USD), as well as in bitcoin.co.id admin also often play the market Rupiah (IDR) rather than market Bitcoin (BTC). The reason is that the currency is the currency in the real world and is used everyday, the price tends to be stable when compared to digital currency or what we often call Cryptocurrency.

The risk of using digital currency as the main market is when the price / exchange rate down, we even failed profit. For example initially we have 0.1 BTC with exchange rate Rp. 100.000.000, after we do trading, our bitcoin to 0.15 BTC, in terms of the amount of bitcoin we have gained a profit of 0.05 BTC. But suddenly bitcoin prices dropped, the exchange rate of 0.15 BTC if dirupiahkan to Rp. 99.000.000 only. To avoid this then the admin makes the daily currency market as an option, if the market bitcoin.co.id used rupiah, then the yobit market used is Dollar. But still welcome if you prefer to play in the market of digital currency.

How To Trading Bitcoin In Yobit

1. The first step of course we must have account Yobit and Bitcoin.co.id.

Register Yobit

2. Next to start trading at yobit is fill the balance in yobit through bitcoin.co.id, so what we do is fill bitcoin.co.id balance then we move to yobit. But what we transfer to yobit is not USD or RUR, which we transfer is digital currency.

3.Crypto that we will send to yobit can Bitcoin, Dogecoin, Litecoin, Ethereum and Dogecoin (all market in bitcoin.co.id same with Yobit).

4. Transfer Bitcoin (BTC) to yobit from bitcoin.co.id, alternatively can transfer Dogecoin, waves, or ethereum to yobit.

Rupiah is redeemed Bitcoin (bitcoin.co.id) sent to yobit (bitcoin.co.id)⇨ Bitcoin into account (yobit.net)

5. To find the address of digital currency that can be sent to yobit, go to wallets menu, select + sign to get the deposit address of the desired currency, like picture below.

6. After getting the address, we just transfer from bitcoin.co.id to yobit.

7. After we already have a balance in yobit, the next step to live trading. for trading in yobit not difficult bro, although in terms of appearance yobit is not tidy. hehe.

8. On the main page search Market (bottom left), it will look a lot of digital currency that can be traded.
TOP    : Top market, with the most crowded activity, both selling and buying
BTC    : Market with bitcoin (BTC) as a price comparison
ETH    : Market with Ethereum (ETH) as a price comparison
DOGE : Market with Dogecoin (DOGE) as a price comparison
WAVES: Market with Waves (WAVES) as a price comparison
USD    : Market with the US Dollar (USD) as a price comparison
RUR    : Market with Russian Ruble (RUR) as a price comparison

9. Choose one of the Market (according to existing balance), if bro have Bitcoin please go to market BTC, if you have waves please go to market waves.

10. If you want to use USD as a price comparison (major currency), then Bitcoin must be sold to USD first, how to enter Market USD, then select BTC, then we will go to BTC / USD. Then search SELL Posts, enter the amount of bitcoin to be sold to USD, enter the latest USD price against BTC in the Price column, then Sell.

11. After having USD, we just focus to USD market and we can start buying and selling.

12. For example, we choose DOGE, and we go to market DOGE / USD. So what we do is USD bought DOGE  then DOGE in Sell again to USD with the requirement of trading Sell at a higher price than buying.

Example: Admin has 3.9 USD and will trade against Dogecoin, because all the USD balance will admin buy dogecoin, then click on its USD balance (blue color), then enter Price (price per 1 Dogecoin) according to the latest price, for example below, the price of 1 doge = 0.00277500 USD, the latest doge price can be seen at the top of the chart with Last Price. then select Buy to buy the dogecoinnya, if buy pending then ensured price changes, please check again Last Price.

If we want to buy USD DOGE only, enter the USD that you want to buy doge in the Total column.

After successfully do Buy dogecoin, it's time to put the price of dogecoin with a price higher than the purchase price, select SELL. enter the amount dogecoi that will be sold to USD, if you want all doge sold, just click the balance dogecoinnya (blue color). Then enter the Price, must be higher than the purchase price to get profit. As an example above, the admin sells a doge at the price of 0.003 USD per dogenya, while the admin buys the doge with the price of 0.00277 USD, then see the total admin gets at the time the dogecoin sold is 4.262 USD and we get profit (If dogecoin is sold according to the price what we want).

If dogecoin has not been sold (pending) we have to wait for the price of dogecoin to suit what we want. Take it easy bro, the transaction can be canceled at any time if bro wants to change the selling price.

Sell ​​- buy dogecoin above just as an example, please do buy and sell on crypto desired.

13. SELL activity does not have to be done right then, if bro wants to save the first digital currency is not a problem, if the price is definitely a new ride to do Sell.

14. Above Market there are Balances and estimates (Est.) In BTC, if our saved coin rises in price, then the estimate will also rise.

So how to trade in Yobit for beginners, which admin explain this is the basic way to trading in Yobit. If bro confused can be said fair, because the first admin also dizzy learn trading at Yobit. hehe. Thank you for visiting this simple blog, hopefully useful, and hopefully who have visited and read sustenance abundant. Amen.