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These days, everybody is interested in bitcoin trading and is looking for ways to invest and possibly earn money with this cryptocurrency. After all, Bitcoin is valued at around $40,000 these days and experts believe that it can rise as high as $100,000 by the time 2021 ends, which is more than a reason to dive into this world.
At the heart of bitcoin trading lie trading sites. These platforms are the marketplace where traders can sell and buy Bitcoins. We wanted to share a few words on these sites and help you get more familiar with how they operate and use their services to their advantage. So, let’s check out what you need to know.
You Must Register to Use Their Services
Before you can sell or buy Bitcoins at trading sites, you must first register. The process of registration at these sites lasts around a minute and people of all ages and skills can complete it. All that is required is to fill out an online application form with some basic information about yourself.
After you register and select your preferred payment method, you will most likely be asked to verify your identity. Most bitcoin trading sites will allow you to do that by sending a document that confirms that you are a real person. Documents of this type are IDs, passports, and driving licenses.
Some Provide You With AI Analysis
Every reputable official website will provide you with an advanced service that will help you maximize your profits. They utilize AI systems that analyze the market and collect data concerning Bitcoin. The goal is to see what the near-future price of Bitcoin will be.
Thanks to these services, the process of trading bitcoin is easier than ever before. Not only that but services such as this one have helped around 100,000 people in the world to earn more than $1 million. It is worth mentioning that this does not guarantee you profit, but it does increase your chances of making one.
They are Superior to Bitcoin ATMs
You must be familiar with the fact that bitcoin trading sites are one of two options when it comes to trading Bitcoin and making money with it. Bitcoin ATMs can also allow you to trade with this cryptocurrency, but they are far inferior to trading sites and we are more than happy to explain how.
First of all, these ATMs don’t even exist in some nations. Countries that have made it possible for people to trade here, only place them in the bigger cities and that makes them hard to access for those that are not living there. On the other side, bitcoin trading sites operate online and can be accessed whenever and wherever. Additionally, they use the latest HTML5 technology, which means that you can even trade on your mobile device.
Additionally, research has shown that Bitcoin ATMs charge tons of fees for every Bitcoin that you sell. Some reports have stated that these fees can be as much as 25%, which is enormously high. The fees at trading sites are much lower and far more acceptable.
Lastly, the AI systems at trading sites will help you maximize your profits, while these services are not featured at Bitcoin ATMs.
All of these factors are the reason why a big majority of people decide to sign up and use the services of trading sites, rather than searching for an ATM.
The chances of making a profit are quite good when using bitcoin trading sites. One thing that you need to remember is to research trading sites and find one that suits your individual preferences before registering.