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How To Buy Bitcoin On Gate.io | Buy BTC
26 September 18:10
Market Trends And Price
Launched in 2009, Bitcoin is the number one cryptocurrency, today, in the market in terms of trading volume and market cap.
In April, the cryptocurrency reached a peak value of $64863.10. Later it dropped down severely before coming back. These events of the steep rise and downward plunge are known as price bubbles.
While the first price bubble with Bitcoin was seen in 2017, the latest one occurred in April 2021. Due to this bubble, Bitcoin reached its all-time high value. The market cap of Bitcoin is around $874 billion, with 19 billion Bitcoins presently in circulation. This means that the value of one Bitcoin currently is around $46000.
If you’re a novice, who wants to buy BTC (Bitcoin), this article gives you a brief overview of how you can do so with Gate.io and if you should buy the digital currency right now.
Alternatively, if you want to experiment with Gate.io exchange, don’t worry. I’ve got a simple guide on how you can buy Bitcoin and trade it on the exchange.
Buying Bitcoin on Gate.io
Like most exchanges, buying Bitcoin is a relatively straightforward process. The clean and sleek UI enables users to navigate the platform pretty quickly without any hassles. Here are a few simple steps to buy Bitcoin on Gate.io.
1.Go to the trade tab on the Home page.
2.Here amongst various trading pairs, choose the one with Bitcoin that best suits your needs.
3.Specify the amount of Bitcoin you want to buy and specify the price you want to buy it for.
4.The platform will ask you for a password, and once you type it in, you can place the order.
5.Once confirmed, you’ll receive the stipulated Bitcoin in your Gatechain wallet on the platform.
Is Now A Good Time To Buy Bitcoin?
Buying Bitcoin in the currency market scenario will be tricky since it’s difficult for experts to predict the cryptocurrency’s journey. You can either buy Bitcoin for the long-term or buy and trade for some short-term goal.
Either way, it is always important to do your own research before entering a market and buying a cryptocurrency. Look at factors such as price history, current trends, expert predictions, upcoming announcements, or news around the cryptocurrency, and more.
After researching, you can decide if you want to buy Bitcoin and whether it will be for the long-term or short-term. You can use exchanges such as Gate.io to purchase and trade Bitcoin in a simple and hassle-free manner using the steps given above.
*This article only represents the views of observers and does not constitute any investment advice.
*The content of this article is original and the copyright belongs to Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibility will be pursued.
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