|
Title: Buying BTC from exchange Post by: bcnb on December 21, 2017, 02:39:45 PM Hi,
Newbie here, please be patient :-) I would like to wet my feet in the BTC trading, and as a first step I would like to buy some coins. I found some sites (like Coinmama) that simply let you put in cc details and wallet address, and transfer the BTC to the wallet. On the other hands, on sites like Kraken or CEX - how exactly can I simply buy BTC? I can buy BTCUSD, but then, if I get it, I have an open position. I don't want a position in the exchange, just a BTC I can transfer. What am I missing? Thanks! Title: Re: Buying BTC from exchange Post by: tech72 on December 21, 2017, 02:52:35 PM I guess on exchanges the BTC/USD pair is actually BTC/USDT pair. USDT is tether or crypto which has same value as dollar. If any exchange supports deposit in USD then buy from some which offers best buy price.
Title: Re: Buying BTC from exchange Post by: BrewMaster on December 21, 2017, 03:16:49 PM always do some research before using a website to buy bitcoin. for example i have never heard of "Coinmama"! so be careful when using it. there are lots of other options.
as for position, you don't have to open an order and "take a position", in all exchanges that is only one option. your other option is to buy at market price. some exchanges have that option but even if they don't you can simply choose the highest order in the "sell" part of the orderbook (asks) and fill that. |