What type of challenge do you face when you want to buy or sell bitcoin?

[figmentofmyass]

What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

liquidity is the biggest challenge, particularly for smaller altcoins. getting in and out without slippage isn't easy. that's why i mostly stick to bitcoin and larger alts like ETH. even so, i try to scale in and out of positions to avoid slippage.

Which app or site do you like and why?

i do day-to-day hedging on binance and coinbase pro. i withdraw fiat to my bank account through coinbase pro. i occasionally do high leverage margin trading on bitmex---not recommended for beginners.

[bitcoin-shark]

there are more challenges that i have to face when i try to sell bitcoins, first being able to sell at the best price on the market before the price drops, second try to sell quickly to a trusted exchange that makes bank transfers sepa without asking for documents verification (kyc) , i do not like sales between private individuals i prefer the exchanges but the discrete ones that do not ask too many questions...

[Apes]

it seems like now there are no significant challenges. for me a significant challenge was when I first entering cryptocurrency world, the first time I had trouble was having a wallet at my local exchange that had to do KYC procedures, and had to learn a lot about cryptocurrency from Google. and it looks like at this time the systems and procedures had improvement make easier for beginner.
the key to solving your challenge is learning from google or closest person to you.

[EdenHazard]

The challenge factor when I buy bitcoin is I can't decide the best time to buy especially I'll use it as trading place. The movement price is so complicated, up and down are so drastic until I confuse to set what price should I put. The next challeng is to sell my bitcoin to get a profit, I can't  be spared with the greedy thing, I'll feel lament when I set price to sell but its price goes up and past the price I set. However, if you intend to hold bitcoin for long term investmeng you can do it at anytime. You won't ever buy if you wait the price down more than you expected.

[Babyrica0226]

Hello, everyone.

 I have a few questions. Can you help me with?


1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

Based on my experienced in trading Bitcoin the biggest challenge which I had faced was when the bear market attack in the market, were most of the coins are totally dumped their price value. And by that time it was a hard thing for me to determine when it will goes down or up in terms of its price. So what I did if ever the majority of the traders are selling it or buying I will do the same thing, just simple as that.

[JeramiParan]

It is all about decesion making, you can buy and sell bitcoin or altcoin easily, but you must be take extra careful when doing trading., gaining profit is the goal, simply go with the flow.

[Kakmakr]

Hello, everyone.

 I have a few questions. Can you help me with?


1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

Well, with regulated exchanges like Coinbase, you will have to jump through the KYC/AML requirements <submitting all those sensitive documents, to give them proof that you are who you say you are.> So if you are not willing to give out that information, then restrictions on how much you can buy and sell and withdraw, would come into affect.

The process is simple ; Find a reputable exchange - register an account - Verify your details - Deposit fiat into your account - start trading.    It is really that easy. 

[ubay]

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto? > Buying at the best moment is when people hate bitcoin, and selling is easy.

2. How the buy and sell process looks like? it is easy or not? > very easy

3. Can you share with me how your process look like? > cmon, do your own research

4. Which app or site do you like and why? > blockchain.com is the easiest things to do

[Ridwan Fauzi]

Hello, everyone.

 I have a few questions. Can you help me with?


1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

There is no challenge to buy bitcoin because it is so simple, you can buy at the lower price and sell at the high price repeat it as more as you can. Find some article to know it, you have to more active on trading discussion board. Learn more about fundamental analyst and technical analyst, if you have understood it you will not have a hesitation to decide when you have to buy and when you have to sell.

4. Which app or site do you like and why?

Cheers,
Lukasz

Binance is one of the best trading platform cryptocurrencies, but I only a give suggestion as a newbie you will comfortable to use PC than smartphone.

[iMark]

Hello, everyone.

 I have a few questions. Can you help me with?


1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

Of course price fluctuations in the market, it is the only challenge that will be faced by every trader, prices that go up and down are sometimes unpredictable making the risk even greater, and it requires you to be smart in analyzing and researching, if you are not smart then chances for the loss will be even greater

[fiulpro]

Hello, everyone.

 I have a few questions. Can you help me with?


1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

1. While buying and selling , the worst part is paying sometimes tripple fee , in case you are giving it to an individual then it's pretty fine , but sending them in any exchange sometimes takes a lot.

2. The process is actually simple, the hard thing is the waiting time , which can be reduced by paying more fee.

3. I think that would be hard and you can easily find it online .

4. I like local Bitcoins since it gives you a number of options , you can even add it in your bank account or get paid in cash.

[jademaxsuy]

Yeah for some it would be challenging to buy especially bulk orders but if one does really experience in trading cryptocurrency then it could be done actually by visiting exchanges that has reputable image like binance or directly to localbitcoins where many users has said that one can buy bulk orders in bitcoin in this exchange. And if one only wishes to buy few bitcoins then it is easier for there are many sel orders of bitcoin in exchanges. Just know the right market price set for bitcoin when you buy bitcoin.

[Twinkledoe]

I don't really have much problem dealing with buying and selling bitcoin with my local exchange. But the actual variance as compared to the international market is really a bit off for me sometimes. Because it is already converted to my fiat currency, sometimes they are taking advantage of the situation. The gap of buy and sell price are wide most of the time.

[Shenzou]

Hello, everyone.

 I have a few questions. Can you help me with?


1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

Some of the challenges that i usually face whenever i want to buy and sell bitcoin, is finding a good price and finding a good buyer or seller, i usually use p2p sites in order to buy and sell and for that i have to be careful and check the person that i am trading with, and usually for that  i try to pick offers that are hand to hand cash, but since on local bitcoin this kind of transaction is going to be removed, it is going to be a massive problem for me .