| A Comprehensive Guide to Bitcoin Trading |
Now, one only needs to be in a right country to purchase and sell Bitcoins, where exchanges legally act as intermediaries for currency transactions — something that also protects your funds from being mismanaged by external and internal attacks. These exchanges instantly convert your Bitcoin into USD or other fiat currency, and based on the price fluctuations between these two, one can simultaneously sell and purchase their holdings and make good profits — a process we know as arbitrage (explained further below) According to some recent regulatory frameworks, the governments have asked Bitcoin exchanges to follow certain identification procedures (just like those practiced by banks) where a user is required to submit their confidential information. |
4 years, 45 weeks and 4 days |
