How to buy Buy BitShares | Buy BitShares in four easy steps

April 10, 2023 8:56 pm

How to buy BitShares (BTS) in four easy steps?

Step 1 – Choose a cryptocurrency exchange

Step 2 – Create an account on the exchange and determine your budget

Step 3 – Choose a payment option and deposit funds into your exchange account

Step 4 – Place a buy order for BitShares (BTS)

Step 1 - Choose a cryptocurrency exchange

Research different exchanges and compare their fees, user reviews, security measures, and supported payment options to find one that best suits your needs. Some popular options include Binance, BitShares DEX, and Huobi.

Step 2 - Create an account on the exchange and determine your budget

Follow the exchange’s account registration process and verify your identity if required. Research and decide on the amount you are willing to invest in BitShares.

Step 3 - Choose a payment option and deposit funds into your exchange account

Check which payment methods are available on the exchange, select the one that is most convenient for you. Some exchanges may offer credit cards, bank transfers, or other payment options. Deposit funds into your account according to the exchange’s instructions.

Step 4 - Place a buy order for BitShares (BTS)

You can place a buy order for BitShares (BTS) at the current market price or at a specific price of your choosing. Navigate to the exchange’s trading platform and select the BitShares trading pair you want to use. Enter the amount of BTS you wish to purchase and place a buy order at the current market price or set a specific price at which you want to buy.

Where to buy BitShares (BTS)?

1. HUOBI Global

Header 1	Header 1
Operational Since	2013
Weekly Average Transaction Volume	$1.19B (As of 10/03/2023)
Deposit Methods	Cryptocurrency and Wire Transfer
Deposit Fees	None for cryptocurrency deposits, wire transfer fees may apply
Cryptos Listed	400+
Trading Fees	0.2%
Fiat Currencies Supported	Supported: USD, EUR, GBP, AUD, CAD, CNY, and more
Trustworthiness	Safe and reliable

2. BitShares DEX

Factsheet

Header 1	Header 1
Operational Since	2014
Weekly Average Transaction Volume	$6 billion
Deposit Methods	Cryptocurrency, card and bank payments
Deposit Fees	Free
Cryptos Listed	A variety of cryptocurrencies including BitShares (BTS), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others.
Trading Fees	0.1% for market orders and 0.05% for limit orders
Fiat Currencies Supported	Not Supported
Trustworthiness	Safe

3. Binance

Header 1	Header 1
Operational Since	2017
Weekly Average Transaction Volume	$1.19B (As of 10/03/2023)
Deposit Methods	Credit/Debit Card, Bank Transfer, Crypto
Deposit Fees	None
Cryptos Listed	500+
Trading Fees	0.1% - 0.02%
Fiat Currencies Supported	USD, EUR, GBP, and more
Trustworthiness	Safe

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Frequently Asked Questions

What factors should I consider before buying ICP?

Buyers should consider factors such as:

Analyzing market trends
Choosing a secure exchange or wallet
Checking liquidity
Understanding its use case and potential adoption

Can I use BitShares for online purchases?

Yes, BitShares (BTS) can be used for online purchases, provided that the merchant or seller accepts BTS as a form of payment. However, adopting BTS as a payment method is still limited compared to more mainstream cryptocurrencies such as Bitcoin and Ethereum.

Are there any risks associated with buying BitShares?

Yes, as with any investment, there are risks associated with buying BitShares as well. Some of the risks include market volatility, security concerns, and regulatory uncertainty. It’s essential to conduct thorough research and understand the potential risks before investing in BitShares or any other cryptocurrency.

Is buying BitShares (BTS) a good investment?

Investing in BitShares (BTS) can be profitable with research and risk assessment. It offers a range of financial services and unique features such as real-time trading and support for user-issued assets.